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BSY - Bentley Systems, Incorporated

NASDAQ -> Technology -> Software—Application
Exton, United States
Type: Equity

BSY price evolution
BSY
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $68.41 $66.96 $82.72 $93.57
Short term investments
Net receivables $293.54 $235.18 $244.21 $277.16
Inventory
Total current assets $419.56 $374.24 $391.46 $431.74
Long term investments $23.48 $30.33 $27 $32.01
Property, plant & equipment $78.58 $79.74 $78.77 $71.98
Goodwill & intangible assets $2518.12 $2511.29 $2524.47 $2531.77
Total noncurrent assets $2900.29 $2760.6 $2772.47 $2756.28
Total investments $23.48 $30.33 $27 $32.01
Total assets $3319.85 $3134.84 $3163.93 $3188.02
Current liabilities
Accounts payable $18.09 $26.39 $37.42 $28.78
Deferred revenue $269.65 $227 $247.75 $250.75
Short long term debt $21.64 $20.18 $20.03 $20.4
Total current liabilities $760.36 $680.69 $709.2 $719.75
Long term debt $1549.03 $1612.11 $1661.76 $1695.43
Total noncurrent liabilities $1675.51 $1761.99 $1810.96 $1854.08
Total debt $1570.67 $1632.29 $1681.79 $1715.83
Total liabilities $2435.87 $2442.68 $2520.16 $2573.83
Shareholders' equity
Retained earnings -$161.93 -$325.18 -$357.12 -$360.9
Other shareholder equity -$84.99 -$95.13 -$87.83 -$89.37
Total shareholder equity $883.28 $691.46 $643.07 $613.49
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $68.41 $71.68 $329.34 $122.01
Short term investments
Net receivables $293.54 $287.07 $235.27 $190.02
Inventory
Total current assets $419.56 $415.89 $615.83 $340.26
Long term investments $23.48 $22.27 $6.44 $5.69
Property, plant & equipment $78.58 $72.5 $82.64 $74.54
Goodwill & intangible assets $2518.12 $2529.45 $1834.31 $626.8
Total noncurrent assets $2900.29 $2749.11 $2043.41 $785.78
Total investments $23.48 $22.27 $6.44 $5.69
Total assets $3319.85 $3165.01 $2659.24 $1126.04
Current liabilities
Accounts payable $18.09 $15.18 $16.48 $16.49
Deferred revenue $269.65 $243.07 $232.59 $209.31
Short long term debt $21.64 $19.67 $22.48 $16.61
Total current liabilities $760.36 $628.36 $593.87 $465.56
Long term debt $1549.03 $1775.7 $1466.27 $277.77
Total noncurrent liabilities $1675.51 $1963.19 $1656.15 $318.88
Total debt $1570.67 $1823.04 $1488.75 $294.38
Total liabilities $2435.87 $2592.26 $2250.02 $784.44
Shareholders' equity
Retained earnings -$161.93 -$370.87 -$439.63 -$376
Other shareholder equity -$84.99 -$89.74 -$91.77 -$26.23
Total shareholder equity $883.28 $572.75 $409.22 $341.6
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $310.64 $306.61 $296.75 $314.41
Cost of revenue $67.8 $64.68 $66.43 $67.18
Gross Profit $242.84 $241.94 $230.32 $247.23
Operating activities
Research & development $71.24 $65.47 $70.12 $67.8
Selling, general & administrative $116.07 $96.44 $93.62 $98.95
Total operating expenses $205.07 $168.26 $177.02 $181.44
Operating income $37.77 $73.68 $53.3 $65.78
Income from continuing operations
EBIT $23.41 $79.59 $54.27 $66.07
Income tax expense -$165.35 $16.51 -$3.9 $9.49
Interest expense $9.17 $10.05 $9.48 $11.09
Net income
Net income $179.59 $53.03 $48.69 $45.49
Income (for common shares) $179.59 $53.03 $48.69 $45.49
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1228.41 $1099.08 $965.05 $801.54
Cost of revenue $266.08 $237.01 $216.54 $167.16
Gross Profit $962.33 $862.07 $748.51 $634.39
Operating activities
Research & development $274.62 $257.86 $220.91 $185.51
Selling, general & administrative $405.07 $370.27 $312.36 $257.24
Total operating expenses $731.79 $653.46 $653.92 $484.24
Operating income $230.54 $208.61 $94.59 $150.15
Income from continuing operations
EBIT $223.34 $230.7 $102.23 $172.62
Income tax expense -$143.24 $21.28 -$3.45 $38.63
Interest expense $39.79 $34.63 $12.49 $7.48
Net income
Net income $326.79 $174.78 $93.19 $126.52
Income (for common shares) $326.79 $174.74 $93.18 $126.29
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $179.59 $53.03 $48.69 $45.49
Operating activities
Depreciation $19.07 $17.48 $17.25 $18.06
Business acquisitions & disposals -$2.91 -$12.81 -$10.3
Stock-based compensation $16.88 $18.5 $18.1 $19.48
Total cash flows from operations $87.05 $72.82 $80.6 $176.22
Investing activities
Capital expenditures -$6.1 -$7.65 -$6.97 -$4.28
Investments -$0.25 -$1.03 -$2.02 -$6.18
Total cash flows from investing -$9.26 -$21.49 -$8.99 -$20.76
Financing activities
Dividends paid -$14.76 -$14.77 -$14.7 -$14.52
Sale and purchase of stock -$0.28 -$0 -$24.76 -$12.19
Net borrowings -$62.67 -$49.05 -$39.62 -$107.23
Total cash flows from financing -$79.06 -$64.04 -$81.73 -$134.24
Effect of exchange rate $2.71 -$3.04 -$0.72 $0.66
Change in cash and equivalents $1.45 -$15.75 -$10.85 $21.88
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $326.79 $174.78 $93.19 $126.52
Operating activities
Depreciation $71.86 $71.54 $52.79 $36.12
Business acquisitions & disposals -$26.02 -$743.01 -$1034.98 -$93.03
Stock-based compensation $72.97 $75.21 $49.05 $32.11
Total cash flows from operations $416.7 $274.32 $288.02 $258.34
Investing activities
Capital expenditures -$25 -$16.17 -$17.54 -$16.45
Investments -$9.48
Total cash flows from investing -$60.5 -$770.13 -$1056.6 -$117.33
Financing activities
Dividends paid -$58.76 -$34.49 -$33.4 -$422.65
Sale and purchase of stock -$37.23 -$53.14 -$111.09 $277.93
Net borrowings -$258.57 $330.14 $1178.67 $8.2
Total cash flows from financing -$359.07 $243.03 $982.58 -$136.51
Effect of exchange rate -$0.39 -$4.88 -$6.67 -$3.59
Change in cash and equivalents -$3.27 -$257.65 $207.33 $0.91
Fundamentals
Market cap $15.28B
Enterprise value $16.78B
Shares outstanding 296.27M
Revenue $1.23B
EBITDA $295.20M
EBIT $223.34M
Net Income $326.79M
Revenue Q/Q 8.26%
Revenue Y/Y 11.77%
P/E ratio 46.76
EV/Sales 13.66
EV/EBITDA 56.86
EV/EBIT 75.15
P/S ratio 12.44
P/B ratio 15.78
Book/Share 3.27
Cash/Share 0.23
EPS $1.10
ROA 10.21%
ROE 46.17%
Debt/Equity 2.76
Net debt/EBITDA 8.02
Current ratio 0.55
Quick ratio 0.55