Bentley Systems, Incorporated

Bentley Systems, Incorporated

BSYยทNASDAQ

$32.62

-1.4%
TechnologySoftware - Application

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround. It also provides project delivery systems that support collaboration, work-sharing, and 4D construction modeling for infrastructure project delivery enterprises, such as ProjectWise, ProjectWise Design Review Service, and SYNCHRO; and asset and network performance systems, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, AssetWise 4D Analytics, AssetWise Linear, and Seequent Central. In addition, it offers industry solutions comprising AssetWise Linear SUPERLOAD, AssetWise Linear Analytics, AssetWise Inspections, ContextCapture, OpenCities, OpenUtilities, OpenTower, OpenWindPower, Power Line, SPIDA, OrbitGT, sensemetrics, PlantSight, and WaterSight. The company serves civil, structural, geotechnical, geoscience subsurface engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$9.53B
EPS0.8800
P/E Ratio37.07
Earnings Date08/05/2026
Bentley Systems, Incorporated

Bentley Systems, Incorporated Fair Value Envelope

BSY ยท NASDAQ

Our analysis suggests that BSY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.62, this represents a potential HIDDEN relative to our calculated worth for Bentley Systems, Incorporated.

Intrinsic Value
Current Price: $32.62

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$46.8B
+ Cash & Equivalents$123.3M
Firm Value$46.9B
- Debt$1.3B
Equity Value$45.6B
/ Shares Outstanding292,019,441B
DCF Value$156
UNDERVALUED BY 379%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$665.0M
$821.2M
$1.0B
$1.3B
$1.5B
$1.9B
$2.4B
$2.9B
$3.6B
$4.4B
Maintenance CapEx
-$4.5M
-$5.6M
-$6.9M
-$8.5M
-$10.5M
-$12.9M
-$16.0M
-$19.7M
-$24.4M
-$30.1M
Owner Earnings
$660.5M
$815.6M
$1.0B
$1.2B
$1.5B
$1.9B
$2.3B
$2.9B
$3.6B
$4.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$611.5M
$699.3M
$799.6M
$914.3M
$1.0B
$1.2B
$1.4B
$1.6B
$1.8B
$2.0B
Terminal Value represents 74.3% of Enterprise Value