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Technology - Software - Application - NASDAQ - US
$ 39.12
1.19 %
$ 11.4 B
Market Cap
54.33
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BSY stock under the worst case scenario is HIDDEN Compared to the current market price of 39.1 USD, Bentley Systems, Incorporated is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BSY stock under the base case scenario is HIDDEN Compared to the current market price of 39.1 USD, Bentley Systems, Incorporated is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BSY stock under the best case scenario is HIDDEN Compared to the current market price of 39.1 USD, Bentley Systems, Incorporated is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BSY

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$52.0$52.0$50.0$50.0$48.0$48.0$46.0$46.0$44.0$44.0$42.0$42.0$40.0$40.0$38.0$38.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
1.35 B REVENUE
10.15%
302 M OPERATING INCOME
31.06%
234 M NET INCOME
-28.26%
435 M OPERATING CASH FLOW
4.46%
-143 M INVESTING CASH FLOW
-136.79%
-290 M FINANCING CASH FLOW
19.28%
350 M REVENUE
4.37%
61.4 M OPERATING INCOME
-10.52%
49.7 M NET INCOME
17.54%
81.6 M OPERATING CASH FLOW
-5.19%
-7.59 M INVESTING CASH FLOW
93.92%
-76.6 M FINANCING CASH FLOW
-132.62%
Balance Sheet Bentley Systems, Incorporated
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Current Assets 442 M
Cash & Short-Term Investments 64 M
Receivables 323 M
Other Current Assets 55.2 M
Non-Current Assets 2.96 B
Long-Term Investments 25.8 M
PP&E 66.1 M
Other Non-Current Assets 2.87 B
9.50 %84.30 %Total Assets$3.4b
Current Liabilities 814 M
Accounts Payable 16.5 M
Short-Term Debt 11.7 M
Other Current Liabilities 786 M
Non-Current Liabilities 1.54 B
Long-Term Debt 1.41 B
Other Non-Current Liabilities 129 M
33.33 %59.99 %5.48 %Total Liabilities$2.4b
EFFICIENCY
Earnings Waterfall Bentley Systems, Incorporated
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Revenue 1.35 B
Cost Of Revenue 258 M
Gross Profit 1.1 B
Operating Expenses 793 M
Operating Income 302 M
Other Expenses 67.7 M
Net Income 234 M
1b1b1b1b1b1b800m800m600m600m400m400m200m200m001b(258m)1b(793m)302m(68m)234mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
80.95% GROSS MARGIN
80.95%
22.33% OPERATING MARGIN
22.33%
17.35% NET MARGIN
17.35%
22.55% ROE
22.55%
6.91% ROA
6.91%
9.30% ROIC
9.30%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bentley Systems, Incorporated
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450m450m400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m0020192019202020202021202120222022202320232024202420252025
Net Income 234 M
Depreciation & Amortization 64.6 M
Capital Expenditures -14 M
Stock-Based Compensation 74.4 M
Change in Working Capital 22.5 M
Others 6.37 M
Free Cash Flow 421 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bentley Systems, Incorporated
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Wall Street analysts predict an average 1-year price target for BSY of $52.2 , with forecasts ranging from a low of $45 to a high of $60 .
BSY Lowest Price Target Wall Street Target
45 USD 15.03%
BSY Average Price Target Wall Street Target
52.2 USD 33.35%
BSY Highest Price Target Wall Street Target
60 USD 53.37%
Price
Max Price Target
Min Price Target
Average Price Target
606055555050454540403535May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.12% DIVIDEND YIELD
0.07 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.250.250.200.200.150.150.100.100.050.050.000.000.030.030.050.060.070.030.030.050.060.030.030.050.060.030.120.030.120.030.180.050.230.060.130.00202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 18
6. Ownership
Insider Ownership Bentley Systems, Incorporated
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Sold
0-3 MONTHS
2.6 M USD 3
3-6 MONTHS
15.6 M USD 2
6-9 MONTHS
42.9 M USD 3
9-12 MONTHS
16.9 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Bentley Systems Faces Political Uncertainties Amid High Valuation (Downgrade) Bentley Systems reported Q4 2024 results, meeting revenue estimates but missing non-GAAP EPS. Bentley's software market is projected to grow significantly, driven by digital twins and cloud environments, but it faces stiff competition and ongoing challenges in China. Financial trends show stable revenue but declining operating income and EPS, with increased SG&A and R&D expenses impacting operating leverage and margins. seekingalpha.com - 1 month ago
Bentley Systems, Incorporated (BSY) Q4 2024 Earnings Call Transcript Bentley Systems, Incorporated (NASDAQ:BSY ) Q4 2024 Results Conference Call February 26, 2025 8:15 AM ET Company Participants Eric Boyer - Investor Relations Officer Greg Bentley - Executive Chair Nicholas Cumins - Chief Executive Officer Werner Andre - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Jason Celino - KeyBanc Siti Panigrahi - Mizuho Kristen Owen - Oppenheimer Dylan Becker - William Blair Jay Vleeschhouwer - Griffin Securities Michael Funk - Bank of America Alexei Gogolev - JPMorgan Joshua Tilton - Wolfe Research Blair Abernethy - Rosenblatt Securities Eric Boyer Good morning, and thank you for joining Bentley Systems Q4 2024 Results and 2025 Outlook Webcast. I'm Eric Boyer, Bentley's Investor Relations Officer. seekingalpha.com - 1 month ago
Compared to Estimates, Bentley Systems (BSY) Q4 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for Bentley Systems (BSY) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 1 month ago
Bentley Systems, Incorporated (BSY) Misses Q4 Earnings and Revenue Estimates Bentley Systems, Incorporated (BSY) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.20 per share a year ago. zacks.com - 1 month ago
Bentley Systems Announces Fourth Quarter and Full Year 2024 Results and 2025 Financial Outlook EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) today announced its fourth quarter and full year 2024 results and 2025 Financial Outlook. businesswire.com - 1 month ago
What Analyst Projections for Key Metrics Reveal About Bentley Systems (BSY) Q4 Earnings Get a deeper insight into the potential performance of Bentley Systems (BSY) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. zacks.com - 1 month ago
Bentley Systems Issues Call for Nominations for the 2025 Going Digital Awards EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems announced nominations are now open for the 2025 Going Digital Awards. The deadline for nominations is March 31, 2025. businesswire.com - 1 month ago
Stock Picks From Seeking Alpha's January 2025 New Analysts In January, Seeking Alpha welcomed 29 new analysts. This article introduces them and showcases some of their top picks. Analysts highlighted include The Conservative Investor recommending Dassault Aviation, Christopher Gray on ASML Holding, and Inflexio Research on Bragg Gaming Group, all rated as Buys. Analysts' diverse backgrounds span sectors like technology, finance, and consumer staples, with investment strategies focusing on value, growth, and special situations. seekingalpha.com - 2 months ago
Bentley Systems to Announce Fourth Quarter and Full Year 2024 Results and 2025 Financial Outlook on February 26, 2025 EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems to Announce Fourth Quarter and Full Year 2024 Results and 2025 Financial Outlook on February 26, 2025. businesswire.com - 2 months ago
Meet the Supercharged Growth Stock That Could Make You a Millionaire Bentley Systems (BSY -0.45%) is a growth stock with a big future. The infrastructure-engineering software company is a leader in its industry and offers investors a unique combination of exposure to infrastructure spending (a bipartisan-supported activity) and the exciting megatrend of digitizing engineering processes. fool.com - 2 months ago
Bentley Systems: Undervalued Stock With Robust Operational Efficiency Presents A Buying Opportunity Depressed valuation as compared to its historical range, unjustified by its sustainably strong margins. Niche and unrivalled product suite within infrastructure engineering, on top of the increasing adoption of digital twin and engagement of asset owner-operators. Strong operational efficiency, as evidenced by its consistently high free cash flow conversion and account retention. seekingalpha.com - 2 months ago
Bentley Systems Welcomes James Lee as Chief Operating Officer EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the appointment of James Lee as Chief Operating Officer. Lee joins Bentley from Google, where he served as General Manager for startups and artificial intelligence at Google Cloud. Prior to joining Google in 2020, Lee spent 12 years at SAP, including as Chief Operating Officer for SAP Ariba and Fieldglass, and as Chief Operating Officer and General Manager o. businesswire.com - 2 months ago
8. Profile Summary

Bentley Systems, Incorporated BSY

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 11.4 B
Dividend Yield 0.12%
Description 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.
Contact 685 Stockton Drive, Exton, PA, 19341 https://www.bentley.com
IPO Date Sept. 23, 2020
Employees 5500
Officers Mr. Barry Joe Bentley Ph.D. Co-Founder & Director Mr. Keith Arthur Bentley Founder, Technology Advisor, Executive Vice President & Director Mr. Brock Ballard Chief Revenue Officer Mr. Werner Andre CPA Chief Financial Officer Mr. Gregory S. Bentley President & Executive Chairman of the Board Mr. Nicholas H. Cumins Chief Executive Officer & Director Mr. Thomas F. Trimback Chief Accounting Officer & Global Controller Mr. Julien Moutte Chief Technology Officer Ms. Ruth Sleeter Chief Information Officer Mr. James Lee Chief Operating Officer