Professional
Added to YB: 2024-05-08
Pitch date: 2024-05-07
ASY.PA [bullish]
Assystem S.A.
-14.88%
current return
Author Info
Mr. Market Miscalculates (mostly) shares overlooked or misunderstood small/mid-cap European companies. Sign up for the newsletter.
Company Info
Assystem S.A. provides engineering and infrastructure project management services in France, the United Kingdom, and internationally.
Market Cap
EUR 649.8M
Pitch Price
EUR 49.22
Price Target
N/A
Dividend
2.29%
EV/EBITDA
85.70
P/E
85.39
EV/Sales
1.21
Sector
Professional Services
Category
value
Assystem S.A. - $ASY.PA
ASY.PA: French nuclear engineering co w/ 7K employees. 70% rev from nuclear (incl. 30% decommissioning), rest from infrastructure. Rev +7% pa post-2017 GPS sale. 1x EV/sales, 9x EBITDA on Expleo stake (37% owned) implies €265M value (€715M equity). Core biz at 17x fwd EV/EBIT, 16x P/E. Key risks: nuclear exposure, labor-intensive biz. Upside: Expleo sale by Ardian. 3% FCF yield.
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