Cash flow Assystem

Stocks

ASY

FR0000074148

Construction & Engineering

Real-time Euronext Paris 03:04:09 2026-09-07 EDT			5-day change	1st Jan Change
42.60 ^EUR	-0.47%		-2.52%	-0.23%

07-24	French and Benelux stocks-Factors to watch	RE
07-23	Assystem S.A. Reports Unaudited Consolidated Revenue Results for the Six Months Ended June 30, 2026	CI

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Published financial data: ASSYSTEM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	483M	494M	578M	611M	657M
Total Revenues	483M	494M	578M	611M	657M
Cost of Goods Sold, Total	344M	343M	401M	446M	482M
Gross Profit	139M	150M	176M	166M	175M
Selling General & Admin Expenses, Total	3.6M	-	-	-	400K
Stock-Based Compensation (IS)	1.5M	1.8M	3.4M	17.7M	27.7M
Depreciation & Amortization - (IS)	13.6M	16.3M	19.5M	16.8M	16.8M
Other Operating Expenses	90.9M	102M	120M	110M	113M
Other Operating Expenses, Total	110M	120M	143M	144M	158M
Operating Income	29.6M	30M	33.2M	21.7M	16.8M
Interest Expense, Total	-1.9M	-2M	-4.8M	-5.2M	-5.4M
Interest And Investment Income	2.4M	4.1M	2.6M	-	-
Net Interest Expenses	500K	2.1M	-2.2M	-5.2M	-5.4M
Income (Loss) On Equity Invest.	-4M	-900K	-10.8M	-22.7M	200K
Currency Exchange Gains (Loss)	2.3M	600K	1.7M	1.1M	-200K
Other Non Operating Income (Expenses)	-1.2M	200K	-2.6M	1.4M	-4M
EBT, Excl. Unusual Items	27.2M	32M	19.3M	-3.7M	7.4M
Restructuring Charges	200K	-	-	-	-
Merger & Related Restructuring Charges	-	-1.2M	-200K	-1.5M	-300K
Impairment of Goodwill	-	-	-	-	-9M
Gain (Loss) On Sale Of Investments	-	-	70.9M	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	11.8M	11.9M	21.3M	17.3M	7.6M
EBT, Incl. Unusual Items	39.2M	42.7M	111M	12.1M	5.7M
Income Tax Expense	7.2M	6.6M	8.5M	4.6M	-800K
Earnings From Continuing Operations	32M	36.1M	103M	7.5M	6.5M
Earnings Of Discontinued Operations	2.7M	13.8M	-	-	-
Net Income to Company	34.7M	49.9M	103M	7.5M	6.5M
Minority Interest	-500K	-1M	-800K	800K	900K
Net Income - (IS)	34.2M	48.9M	102M	8.3M	7.4M
Net Income to Common Incl Extra Items	34.2M	48.9M	102M	8.3M	7.4M
Net Income to Common Excl. Extra Items	31.5M	35.1M	102M	8.3M	7.4M
Per Share Items
Net EPS - Basic	2.31	3.3	6.87	0.56	0.51
Basic EPS - Continuing Operations	2.13	2.37	6.87	0.56	0.51
Basic Weighted Average Shares Outstanding	14.78M	14.81M	14.85M	14.76M	14.53M
Net EPS - Diluted	2.28	3.25	6.79	0.54	0.5
Diluted EPS - Continuing Operations	2.1	2.33	6.79	0.54	0.5
Diluted Weighted Average Shares Outstanding	14.99M	15.08M	15.02M	15.35M	14.86M
Normalized Basic EPS	1.12	1.28	0.76	-0.1	0.38
Normalized Diluted EPS	1.1	1.26	0.75	-0.1	0.37
Dividend Per Share	1	1	1	1	1
Payout Ratio	42.98	30.06	14.51	2.24K	191.89
Supplemental Items
EBITDA	34.6M	35.1M	38.7M	26.8M	21.6M
EBITA	29.6M	31.4M	34.5M	21.7M	16.8M
EBIT	29.6M	30M	33.2M	21.7M	16.8M
EBITDAR	38.2M	-	-	-	-
Effective Tax Rate - (Ratio)	18.37	15.46	7.64	38.02	-14.04
Total Current Taxes	7.5M	6.8M	10.2M	7.9M	5M
Total Deferred Taxes	-300K	-200K	-1.7M	-3.3M	-5.8M
Normalized Net Income	16.5M	19M	11.26M	-1.51M	5.52M
Interest on Long-Term Debt	2.1M	1.11M	1.1M	1.7M	2M
Non-Cash Pension Expense	100K	500K	400K	400K	400K
Supplemental Operating Expense Items
Net Rental Expense, Total	3.6M	-	-	-	-
Imputed Operating Lease Interest Expense	475K	-	-	-	-
Imputed Operating Lease Depreciation	3.13M	-	-	-	-
Stock-Based Comp., Other (Total)	1.5M	1.8M	3.4M	17.7M	27.7M
Total Stock-Based Compensation	1.5M	1.8M	3.4M	17.7M	27.7M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	25.7M	28.5M	36.4M	31.2M	20.4M
Trading Asset Securities, Total	-	800K	-	-	-
Total Cash And Short Term Investments	25.7M	29.3M	36.4M	31.2M	20.4M
Accounts Receivable, Total	169M	164M	176M	192M	179M
Other Receivables	19.8M	19.5M	20M	26.2M	3.5M
Total Receivables	189M	183M	196M	218M	183M
Prepaid Expenses	7M	5.9M	7.3M	6.7M	23.6M
Other Current Assets, Total	22.9M	19.4M	2.8M	1.4M	3.7M
Total Current Assets	245M	238M	242M	257M	230M
Gross Property Plant And Equipment	75.1M	71.1M	67.2M	72.2M	66.7M
Accumulated Depreciation	-29M	-28.8M	-25.4M	-27M	-28.1M
Net Property Plant And Equipment	46.1M	42.3M	41.8M	45.2M	38.6M
Long-term Investments	311M	317M	405M	191M	198M
Goodwill	97M	122M	125M	139M	142M
Other Intangibles, Total	4.4M	3.6M	3.2M	2.7M	2M
Deferred Tax Assets Long-Term	8.8M	8.3M	7.8M	11.4M	16.1M
Other Long-Term Assets, Total	12.3M	8.6M	1.3M	2M	2M
Total Assets	725M	739M	826M	648M	630M
Liabilities
Accounts Payable, Total	34.8M	35.3M	37.1M	40.6M	39.3M
Accrued Expenses, Total	107M	98.8M	105M	122M	124M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	500K	3.4M	2.8M	3.2M	3.6M
Current Portion of Leases	8.2M	7.6M	9.2M	10M	8.5M
Current Income Taxes Payable	2.2M	3.3M	3M	1.1M	100K
Unearned Revenue Current, Total	25.5M	25.4M	34.8M	34.8M	24M
Other Current Liabilities	32.6M	26.7M	14.8M	11.6M	14.6M
Total Current Liabilities	211M	200M	206M	223M	215M
Long-Term Debt	89.8M	76M	85.8M	77.3M	76.5M
Long-Term Leases	26.5M	24.7M	23.7M	26M	21.6M
Pension & Other Post Retirement Benefits	22.4M	19.3M	17.5M	19.4M	18.5M
Deferred Tax Liability Non Current	100K	400K	200K	200K	300K
Other Non Current Liabilities	16.3M	17M	10.1M	1.5M	10.9M
Total Liabilities	366M	338M	344M	348M	342M
Common Stock, Total	15.7M	15.7M	15.7M	15.7M	15.7M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	34.2M	48.9M	102M	8.3M	7.4M
Comprehensive Income and Other	307M	335M	362M	275M	263M
Total Common Equity	357M	399M	480M	299M	286M
Minority Interest	1.3M	2.1M	2.8M	2M	800K
Total Equity	358M	402M	483M	301M	287M
Total Liabilities And Equity	725M	739M	826M	648M	630M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	14.8M	14.84M	14.88M	14.47M	14.84M
ECS Total Common Shares Outstanding	14.79M	14.83M	14.88M	14.47M	14.84M
Book Value / Share	24.15	26.92	32.25	20.66	19.29
Tangible Book Value	256M	274M	351M	157M	142M
Tangible Book Value Per Share	17.29	18.44	23.6	10.84	9.58
Total Debt	125M	112M	122M	116M	110M
Net Debt	99.3M	82.4M	85.1M	85.3M	89.8M
Debt Equivalent of Unfunded Proj. Benefit Obligation	22.4M	19.3M	17.5M	19.4M	18.5M
Debt Equivalent Oper. Leases	28.8M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1.3M	2.1M	2.8M	2M	800K
Equity Method Investments, Total	42.3M	38.5M	28.6M	5.3M	4.7M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	11.2M	7.6M	6.5M	7.8M	7.6M
Machinery, Total	14.9M	16.2M	16.1M	15.8M	15.6M
Full Time Employees	7.04K	6.4K	7.21K	7.6K	7.58K
Part Time Employees	-	-	-	141	146
Accumulated Allowance for Doubtful Accounts (Supple)	4.7M	5.4M	7.5M	12.8M	14.7M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	34.2M	48.9M	102M	8.3M	7.4M
Depreciation & Amortization - CF	13.9M	12.7M	14.1M	15.9M	15M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.4M	1.3M	-	-
Depreciation & Amortization, Total	13.9M	14.1M	15.4M	15.9M	15M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Net Cash From Discontinued Operations	2.5M	-4.6M	-	-	-
Other Operating Activities, Total	-13.2M	-18.6M	-70.3M	10.9M	27.1M
Change In Accounts Receivable	-12.8M	2.6M	-21.9M	-	-
Change In Inventories	-1.7M	1.8M	-	-	-
Change In Accounts Payable	-700K	-2.7M	5.7M	-	-
Change in Unearned Revenues	-	-300K	7.5M	-	-
Change In Income Taxes	-14.4M	-6.2M	-	-	-
Change in Other Net Operating Assets	4.1M	500K	-2.7M	4.1M	-3.3M
Cash from Operations	11.9M	35.5M	35.7M	39.2M	46.2M
Capital Expenditure	-4.1M	-3.1M	-4.2M	-3.4M	-3.4M
Sale of Property, Plant, and Equipment	100K	100K	300K	-	-
Cash Acquisitions	-23.3M	-19.5M	-5.5M	-11.4M	-10.3M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-1.1M	-900K	-800K	-1.2M	-500K
Investment in Marketable and Equity Securities, Total	-500K	-300K	-200K	205M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	2.3M	32M	6.5M	100K	400K
Cash from Investing	-26.6M	8.3M	-3.9M	189M	-13.8M
Long-Term Debt Issued, Total	24M	-	9.7M	-	-
Total Debt Issued	24M	-	9.7M	-	-
Long-Term Debt Repaid, Total	-12.1M	-21.8M	-11.5M	-20.9M	-12.6M
Total Debt Repaid	-12.1M	-21.8M	-11.5M	-20.9M	-12.6M
Repurchase of Common Stock	-	-	-	-21.2M	-11.2M
Common Dividends Paid	-14.7M	-14.7M	-14.8M	-186M	-14.2M
Common & Preferred Stock Dividends Paid	-14.7M	-14.7M	-14.8M	-186M	-14.2M
Other Financing Activities, Total	-2M	-2.9M	-5.8M	-5.9M	-4.5M
Cash from Financing	-4.8M	-39.4M	-22.4M	-234M	-42.5M
Miscellaneous Cash Flow Adjustments	2.3M	-1.6M	-1.5M	200K	0
Net Change in Cash	-17.2M	2.8M	7.9M	-5.3M	-10.1M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	6.7M	5.9M	8M	9.7M	7.8M
Levered Free Cash Flow	-11.59M	27.2M	39.85M	34.81M	54.32M
Unlevered Free Cash Flow	-10.4M	28.45M	42.85M	38.06M	57.7M
Change In Net Working Capital	39.1M	2.2M	-8.3M	4.5M	-8.4M
Net Debt Issued / Repaid	11.9M	-21.8M	-1.8M	-20.9M	-12.6M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	2.64	2.56	2.65	1.84	1.64
Return on Total Capital	4	3.76	3.71	2.66	2.58
Return On Equity %	9.23	9.5	23.26	1.91	2.21
Return on Common Equity	9.1	9.28	23.2	2.13	2.53
Margin Analysis
Gross Profit Margin %	28.81	30.46	30.53	27.11	26.64
SG&A Margin	0.75	-	-	-	0.06
EBITDA Margin %	7.16	7.11	6.7	4.38	3.29
EBITA Margin %	6.13	6.36	5.97	3.55	2.56
EBIT Margin %	6.13	6.08	5.75	3.55	2.56
Income From Continuing Operations Margin %	6.62	7.32	17.8	1.23	0.99
Net Income Margin %	7.08	9.91	17.66	1.36	1.13
Net Avail. For Common Margin %	6.52	7.11	17.66	1.36	1.13
Normalized Net Income Margin	3.42	3.85	1.95	-0.25	0.84
Levered Free Cash Flow Margin	-2.4	5.51	6.9	5.69	8.27
Unlevered Free Cash Flow Margin	-2.15	5.76	7.42	6.23	8.79
Asset Turnover
Asset Turnover	0.69	0.67	0.74	0.83	1.03
Fixed Assets Turnover	10.09	11.17	13.73	14.05	15.67
Receivables Turnover (Average Receivables)	3.02	2.96	3.4	3.33	3.54
Short Term Liquidity
Current Ratio	1.16	1.19	1.17	1.15	1.07
Quick Ratio	1.02	1.06	1.12	1.12	0.95
Operating Cash Flow to Current Liabilities	0.06	0.18	0.17	0.18	0.22
Days Sales Outstanding (Average Receivables)	120.81	123.11	107.22	109.96	103.06
Average Days Payable Outstanding	33.49	37.28	32.93	31.91	30.27
Long Term Solvency
Total Debt/Equity	34.87	27.82	25.18	38.72	38.38
Total Debt / Total Capital	25.85	21.77	20.11	27.91	27.74
LT Debt/Equity	32.44	25.08	22.69	34.33	34.17
Long-Term Debt / Total Capital	24.05	19.62	18.13	24.75	24.69
Total Liabilities / Total Assets	50.52	45.7	41.6	53.6	54.39
EBIT / Interest Expense	15.58	15	6.92	4.17	3.11
EBITDA / Interest Expense	22.89	22.05	10.12	7.23	5.89
(EBITDA - Capex) / Interest Expense	20.74	20.5	9.25	6.58	5.26
Total Debt / EBITDA	2.87	2.53	2.5	3.1	3.47
Net Debt / EBITDA	2.28	1.87	1.75	2.27	2.82
Total Debt / (EBITDA - Capex)	3.17	2.72	2.74	3.41	3.88
Net Debt / (EBITDA - Capex)	2.52	2.01	1.92	2.49	3.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.1	10.8	17.02	5.85	7.41
Gross Profit, 1 Yr. Growth %	24.17	9.47	17.3	-6.01	5.55
EBITDA, 1 Yr. Growth %	54.46	6.04	10.26	-30.75	-18.18
EBITA, 1 Yr. Growth %	61.75	5.37	9.87	-34.64	-21.13
EBIT, 1 Yr. Growth %	61.75	6.01	10.67	-34.64	-21.13
Earnings From Cont. Operations, 1 Yr. Growth %	-234.45	18.36	184.76	-92.7	-13.33
Net Income, 1 Yr. Growth %	-246.15	42.98	108.59	-91.86	-10.84
Normalized Net Income, 1 Yr. Growth %	-190.1	22.58	-40.72	-113.43	-246.84
Diluted EPS Before Extra, 1 Yr. Growth %	-227.02	16.5	191.42	-92.05	-7.41
Accounts Receivable, 1 Yr. Growth %	12.49	-3.37	7.4	9.05	-6.47
Net Property, Plant and Equip., 1 Yr. Growth %	-7.24	-8.24	-1.18	8.13	-14.6
Total Assets, 1 Yr. Growth %	7.28	2.04	11.75	-21.52	-2.93
Tangible Book Value, 1 Yr. Growth %	3.27	6.96	28.36	-55.32	-9.43
Common Equity, 1 Yr. Growth %	6.69	11.81	20.13	-37.7	-4.22
Cash From Operations, 1 Yr. Growth %	-84.63	198.32	0.56	9.8	17.86
Capital Expenditures, 1 Yr. Growth %	-19.61	-22.5	35.48	-19.05	0
Levered Free Cash Flow, 1 Yr. Growth %	-116.94	-317.6	50.95	-12.64	57.18
Unlevered Free Cash Flow, 1 Yr. Growth %	-114.93	-351.49	54.97	-11.17	52.6
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.46	6.05	13.87	11.3	6.63
Gross Profit, 2 Yr. CAGR %	-2.46	15.79	13.32	5	-0.4
EBITDA, 2 Yr. CAGR %	-3.3	25.18	8.13	-12.62	-25.29
EBITA, 2 Yr. CAGR %	-6.97	30.99	7.6	-16.87	-28.86
EBIT, 2 Yr. CAGR %	-5.72	28.04	8.31	-14.95	-28.86
Earnings From Cont. Operations, 2 Yr. CAGR %	6.15	23.16	83.59	-54.42	-74.85
Net Income, 2 Yr. CAGR %	12.55	44.56	72.7	-58.8	-73.07
Normalized Net Income, 2 Yr. CAGR %	-14.32	1.86	-14.76	-71.79	-29.96
Diluted EPS Before Extra, 2 Yr. CAGR %	8.23	18.71	84.26	-51.86	-72.86
Accounts Receivable, 2 Yr. CAGR %	2.23	4.26	1.87	8.22	0.99
Net Property, Plant and Equip., 2 Yr. CAGR %	1.33	-7.74	-4.78	3.37	-3.9
Total Assets, 2 Yr. CAGR %	0.52	4.63	6.79	-6.35	-12.72
Tangible Book Value, 2 Yr. CAGR %	-7.6	5.1	17.17	-24.27	-36.39
Common Equity, 2 Yr. CAGR %	-5.07	9.22	15.9	-13.49	-22.75
Cash From Operations, 2 Yr. CAGR %	-46.77	-32.28	73.21	5.08	13.76
Capital Expenditures, 2 Yr. CAGR %	-18.02	-22.04	2.47	4.73	-10.03
Levered Free Cash Flow, 2 Yr. CAGR %	-29.82	-36.93	78.55	14.83	16.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	-35.13	-36.08	94.62	17.33	16.04
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.85	-0.27	9.59	11.13	9.99
Gross Profit, 3 Yr. CAGR %	4.47	0.9	16.29	6.47	5.18
EBITDA, 3 Yr. CAGR %	6.68	-1.74	19.99	-6.8	-14.94
EBITA, 3 Yr. CAGR %	4.42	-2.81	23.53	-10.03	-18.82
EBIT, 3 Yr. CAGR %	5.51	-3.42	21.96	-8.47	-17.57
Earnings From Cont. Operations, 3 Yr. CAGR %	16.57	8.33	62.86	-37.35	-43.53
Net Income, 3 Yr. CAGR %	20.8	21.89	63.35	-37.62	-46.71
Normalized Net Income, 3 Yr. CAGR %	14.47	-5.44	-14.96	-53.96	-33.75
Diluted EPS Before Extra, 3 Yr. CAGR %	17.83	9.13	60.14	-35.37	-40.13
Accounts Receivable, 3 Yr. CAGR %	3.45	0.33	5.3	4.21	3.08
Net Property, Plant and Equip., 3 Yr. CAGR %	82.37	-1.97	-5.61	-0.66	-3.01
Total Assets, 3 Yr. CAGR %	3.86	1.03	6.95	-3.63	-5.22
Tangible Book Value, 3 Yr. CAGR %	-5.09	-2.98	12.34	-15.03	-19.62
Common Equity, 3 Yr. CAGR %	-2.61	0.25	12.74	-5.77	-10.5
Cash From Operations, 3 Yr. CAGR %	-38.15	-5.45	-22.74	48.79	9.18
Capital Expenditures, 3 Yr. CAGR %	-20.3	-20.2	-6.27	-5.27	3.13
Levered Free Cash Flow, 3 Yr. CAGR %	-29.44	4.96	-16.47	40.69	27.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-32.32	4.81	-14.94	49.85	27.79
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.91	4.54	5.39	4.21	8.39
Gross Profit, 5 Yr. CAGR %	4.44	5.05	7.62	2.52	9.3
EBITDA, 5 Yr. CAGR %	8.6	5.15	6.31	-6.25	-0.72
EBITA, 5 Yr. CAGR %	7.41	4.58	5.82	-8.7	-1.7
EBIT, 5 Yr. CAGR %	7.41	3.63	5.67	-8.21	-1.7
Earnings From Cont. Operations, 5 Yr. CAGR %	48.71	22.1	38.46	-23.38	-22.86
Net Income, 5 Yr. CAGR %	1.66	-34.45	39.37	-21.02	-20.57
Normalized Net Income, 5 Yr. CAGR %	6.2	1.95	0.47	-41.71	-21.31
Diluted EPS Before Extra, 5 Yr. CAGR %	67.06	30.74	39.53	-21.34	-21.27
Accounts Receivable, 5 Yr. CAGR %	-12.03	0.33	2.82	3.41	3.55
Net Property, Plant and Equip., 5 Yr. CAGR %	20.83	44.56	40.63	0.13	-4.93
Total Assets, 5 Yr. CAGR %	0.19	4.62	5.02	-1.99	-1.4
Tangible Book Value, 5 Yr. CAGR %	37.37	-2.36	3.26	-12.13	-10.52
Common Equity, 5 Yr. CAGR %	8.21	0.41	4.41	-5.49	-3.08
Cash From Operations, 5 Yr. CAGR %	-26.02	14.68	-6.63	-1.37	-9.81
Capital Expenditures, 5 Yr. CAGR %	-14.36	-22.38	-12.31	-11.03	-7.79
Levered Free Cash Flow, 5 Yr. CAGR %	9.87	3.57	3.85	8.15	-4.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.09	4	5.02	9.02	-3.69
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0