ScoreWhy is Bentley Systems, Inc. ?
1
High Management Efficiency with a high ROCE of 16.49%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 11.21
3
Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 16.49%
4
Positive results in Sep 25
- OPERATING CASH FLOW(Y) Highest at USD 478.51 MM
- DEBT-EQUITY RATIO (HY) Lowest at 93.52 %
- RAW MATERIAL COST(Y) Fallen by -0.57% (YoY)
5
With ROCE of 15.45%, it has a expensive valuation with a 5.51 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -9.75%, its profits have fallen by -28.9%
6
High Institutional Holdings at 53.1%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
- Their stake has increased by 2.62% over the previous quarter.
7
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -9.75% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Bentley Systems, Inc. should be less than 10%
- Overall Portfolio exposure to Software Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Software Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Bentley Systems, Inc. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Bentley Systems, Inc.
-8.85%
-0.68
33.53%
S&P 500
14.9%
0.77
19.29%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
13.22%
EBIT Growth (5y)
16.31%
EBIT to Interest (avg)
11.21
Debt to EBITDA (avg)
4.60
Net Debt to Equity (avg)
1.07
Sales to Capital Employed (avg)
0.55
Tax Ratio
18.24%
Dividend Payout Ratio
33.16%
Pledged Shares
0
Institutional Holding
53.10%
ROCE (avg)
16.49%
ROE (avg)
30.92%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
42
Industry P/E
Price to Book Value
9.64
EV to EBIT
35.68
EV to EBITDA
30.51
EV to Capital Employed
5.51
EV to Sales
8.65
PEG Ratio
NA
Dividend Yield
89.55%
ROCE (Latest)
15.45%
ROE (Latest)
22.79%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
Bearish
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 478.51 MM
DEBT-EQUITY RATIO
(HY)
Lowest at 93.52 %
RAW MATERIAL COST(Y)
Fallen by -0.57% (YoY
DIVIDEND PER SHARE(HY)
Highest at USD 5.32
NET SALES(Q)
Highest at USD 375.55 MM
-2What is not working for the Company
ROCE(HY)
Lowest at 24.16%
Here's what is working for Bentley Systems, Inc.
Operating Cash Flow
Highest at USD 478.51 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Debt-Equity Ratio
Lowest at 93.52 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Net Sales
Highest at USD 375.55 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Dividend per share
Highest at USD 5.32
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Raw Material Cost
Fallen by -0.57% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at USD 15.21 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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