Bentley Systems Inc Ordinary Shares - Class B BSY

Morningstar Rating
$35.17 −0.82 (2.27%)
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Company Report

Bentley Systems' Market Penetration Supports Strong, Consistent Results

After successfully carving out a niche in computer-aided design with its construction-oriented software, MicroStation, Bentley Systems has been continuously expanding its family of offerings beyond the public works and utilities vertical to broaden its total addressable market. We find the opportunities in the resources sector attractive for Bentley Systems. With its 2021 acquisition of Seequent, Bentley now owns an industry-leading geotechnical tool that uncovers the complexities under the surface, a capability that many mining and energy companies are looking for. We think the proportion of revenue contributed by resource customers is on track to reach one-third of the company’s total over the next few years.

Price vs Fair Value

BSY is trading at a LOCK|zqdqw>^ premium.
Price
$35.97
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Bentley Systems can expand its leadership in public works and utilities to other sectors, such as resources and industrials, dramatically increasing the number of customers it can serve.

Bears

Competitors such as Autodesk are developing more advanced infrastructure engineering software, gradually narrowing Bentley Systems’ competitive advantage.

News

Articles & Videos

Trading Information

Previous Close Price
$35.97
Day Range
$34.74–35.89
52-Week Range
$28.09–57.15
Bid/Ask
$35.15 / $35.18
Shares Outstanding
302.09M
Market Cap
$10.56B
Volume/Avg
683,758 / 3M

Key Statistics

Price/Earnings (Normalized)
28.32
Price/Sales
7.34
Dividend Yield (Trailing)
0.78%
Dividend Yield (Forward)
0.78%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
2.96%

Company Profile

Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit.
Sector
Technology
Industry
Software - Application
Stock Style Box
Small Growth
Total Number of Employees
5,800

Competitors

Valuation

Metric
BSY
PTC
ADSK
Price/Earnings (Normalized)
28.3219.9819.58
Price/Book Value
9.036.1614.29
Price/Sales
7.347.756.32
Price/Cash Flow
23.5720.7814.57
Price/Earnings
BSY
PTC
ADSK

Financial Strength

Metric
BSY
PTC
ADSK
Quick Ratio
0.510.880.73
Current Ratio
0.591.030.86
Interest Coverage
14.7624.35—
Quick Ratio
BSY
PTC
ADSK

Profitability

Metric
BSY
PTC
ADSK
Return on Assets (Normalized)
11.62%17.79%19.09%
Return on Equity (Normalized)
34.13%31.06%74.52%
Return on Invested Capital (Normalized)
17.40%23.34%37.65%
Return on Assets
BSY
PTC
ADSK

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