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BENTLEY SYSTEMS INC Stock Research

BSY

41.16USD+0.72(+1.78%)Market Closed

Market Summary

USD41.16+0.72
Market Closed
1.78%

BSY Alerts

BSY Stock Price

BSY RSI Chart

BSY Valuation

Market Cap

12.8B

Price/Earnings (Trailing)

73.03

Price/Sales (Trailing)

11.61

EV/EBITDA

48.83

Price/Free Cashflow

49.9

BSY Price/Sales (Trailing)

BSY Profitability

Operating Margin

78.44%

EBT Margin

18.04%

Return on Equity

30.48%

Return on Assets

5.52%

Free Cashflow Yield

2%

BSY Fundamentals

BSY Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

7.18%

Revenue Q/Q

6.94%

BSY Earnings

Earnings (TTM)

174.8M

Earnings Y/Y

-33.33%

Earnings Q/Q

-30.48%

Price Action

52 Week Range

26.3245.70
(Low)(High)

Last 7 days

0.4%

Last 30 days

2.9%

Last 90 days

11.9%

Trailing 12 Months

-0.7%

BSY Financial Health

Current Ratio

0.66

Debt/Equity

3.11

Debt/Cashflow

0.15

BSY Investor Care

Dividend Yield

0.29%

Dividend/Share (TTM)

0.12

Shares Dilution (1Y)

0.62%

Diluted EPS (TTM)

0.55

Peers (Alternatives to BENTLEY SYSTEMS)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
7.56% -5.75%
26.58
6.53
2.44% -5.35%
2.1T
204.1B
10.44% -6.15%
30.81
10.18
10.38% -5.25%
1.4T
282.8B
15.52% -23.22%
22.78
4.83
9.78% -21.12%
1.0T
514.0B
5.31% -39.05%
-374.76
1.98
9.40% -108.16%
MID-CAP
3.2B
258.4M
209.06% 170.68%
-10.84
12.52
24.91% -254.56%
2.2B
9.2B
-18.51% -52.89%
-6.04
0.24
51.67% -98.90%
SMALL-CAP
1.7B
1.7B
-13.42% -20.19%
13.83
0.98
61.79% 371.82%
1.6B
602.5M
-5.76% -54.20%
-2.78
2.67
18.18% -18.59%
994.2M
418.9M
-4.94% -68.88%
-2.72
2.37
-9.85% -101.06%
923.6M
478.9M
-20.83% -73.20%
-0.29
1.93
-31.50% -634.70%
918.3M
482.4M
-14.10% -39.28%
-3.97
1.9
33.15% -170.42%
765.1M
1.1B
-10.07% -40.41%
26.52
0.7
-5.82% -92.23%
759.1M
50.8M
-38.08% -83.81%
-0.97
14.94
1229.98% -13.59%
239.4M
10.3M
-31.91% -73.70%
-0.86
23.33
478.23% 7.85%

Financials for BENTLEY SYSTEMS

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.8%1,0991,0801,0631,019965
Gross Profit1.9%862846834796749
Operating Expenses3.0%653635716700654
  S&GA Expenses3.5%196189187176162
  R&D Expenses1.9%258253246234221
EBITDA2.4%296289190165159
EBITDA Margin0.6%0.27*0.27*0.18*0.16*0.16*
Earnings Before Taxes-0.9%19820011086.0093.00
EBT Margin-2.6%0.18*0.19*0.10*0.09*0.10*
Interest Expenses39.9%27.0019.0013.009.005.00
Net Income-6.9%17518810393.0093.00
Net Income Margin-8.5%0.16*0.17*0.10*0.09*0.10*
Free Cahsflow-14.6%256299288238270
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.1%3,1653,0413,1003,1582,659
  Current Assets27.5%416326355414616
    Cash Equivalents-1.6%72.0073.0093.00130329
  Goodwill2.0%2,2372,1932,2162,2181,588
Liabilities2.8%2,5922,5212,6032,7012,250
  Current Liabilities10.4%628569591613594
  Long Term Debt-2.7%1,7821,8311,8771,436-
    LT Debt, Current0%5.005.005.005.005.00
    LT Debt, Non Current-0.1%1,7761,7771,8261,8721,431
Shareholder's Equity10.2%573520497458409
  Retained Earnings3.9%-370-385-397-427-439
  Additional Paid-In Capital2.5%1,0301,005981957938
Shares Outstanding0.6%310308308--
Minority InterestInfinity%1.00----
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-14.0%274319308257288
  Share Based Compensation11.3%75.0068.0061.0055.0049.00
Cashflow From Investing-2.8%-770-749-772-1,696-1,056
Cashflow From Financing-33.9%2433684421,010983
  Dividend Payments1.0%34.0034.0034.0034.0033.00
  Buy Backs-55.4%28.0063.0048.0016.000.00

Risks for BSY

What is the probability of a big loss on BSY?

86.3%


Probability that BENTLEY SYSTEMS stock will be more than 20% underwater in next one year

52.7%


Probability that BENTLEY SYSTEMS stock will be more than 30% underwater in next one year.

33.6%


Probability that BENTLEY SYSTEMS stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BSY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if BENTLEY SYSTEMS was unfortunately bought at previous high price.

Drawdowns

Returns for BSY

Cumulative Returns on BSY

Which funds bought or sold BSY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
43.52
1,382,340
3,265,340
-%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-59.37
-245,204
291,796
0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-33.75
-129,000
519,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-0.01
444,876
2,582,880
-%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
4,281
25,281
-%
2023-02-24
NATIXIS
sold off
-100
-3,924,000
-
-%
2023-02-22
CVA Family Office, LLC
added
8.33
402
2,402
-%
2023-02-21
MACQUARIE GROUP LTD
unchanged
-
26,240
151,240
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-25.00
-20,032
192,968
-%
2023-02-17
TRUIST FINANCIAL CORP
added
3.49
1,250,000
6,245,000
0.01%

1–10 of 35

Latest Funds Activity

Are funds buying BSY calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own BSY
No. of Funds

BENTLEY SYSTEMS News

Marketscreener.com

Bentley Systems Announces Strategic Agreement with Worldsensing.

Marketscreener.com,
26 hours ago

Investor's Business Daily

DirectionsMag.com

Schedule 13G FIlings of BENTLEY SYSTEMS

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
bentley richard p.
64.0%
69,823,163
SC 13G/A
Feb 14, 2023
spt invest management sarl
1.1%
3,173,093
SC 13G/A
Feb 09, 2023
vanguard group inc
7.26%
20,101,992
SC 13G/A
Feb 14, 2022
bentley richard p.
64.7%
70,957,968
SC 13G/A
Feb 09, 2022
vanguard group inc
6.48%
17,547,781
SC 13G
Feb 12, 2021
bentley richard p.
66.9%
73,710,050
SC 13G
Feb 12, 2021
spt invest management sarl
13.8%
35,569,645
SC 13G

BSY Fair Value

BENTLEY SYSTEMS fair value in different scenarios

The table shows the Fair Value estimates for BENTLEY SYSTEMS for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

7.85

-80.93%

9.99

-75.73%

13.53

-67.13%

17.46

-57.58%

19.52

-52.58%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical BENTLEY SYSTEMS Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of BENTLEY SYSTEMS

View All Filings
Date Filed Form Type Document
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading

Latest Insider Trading transactions for BSY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-20
Griswold Kirk B.
acquired
53,050
5.305
10,000
-
2023-03-20
Griswold Kirk B.
sold (taxes)
-53,081
41.18
-1,289
-
2023-03-17
Cumins Nicholas
sold (taxes)
-118,350
40.98
-2,888
chief operating officer
2023-03-17
Andre Werner
sold (taxes)
-39,791
40.98
-971
chief financial officer
2023-03-17
Shaman David R.
sold (taxes)
-47,372
40.98
-1,156
chief legal officer
2023-03-17
Ballard Brock
sold (taxes)
-9,507
40.98
-232
chief revenue officer
2023-03-15
BENTLEY GREGORY S
gifted
-
-
-12,594
chairman, ceo & president
2023-03-13
Shaman David R.
acquired
-
-
14,132
chief legal officer
2023-03-13
Campbell Michael M
acquired
-
-
16,173
chief product officer
2023-03-13
Cumins Nicholas
acquired
-
-
19,467
chief operating officer

1–10 of 50

Gregory S. Bentley
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.

BSY Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Total revenues$ 1,099,082$ 965,046$ 801,544
Cost of revenues:   
Total cost of revenues237,013216,539167,155
Gross profit862,069748,507634,389
Operating expense (income):   
Research and development257,856220,915185,515
Selling and marketing195,622162,240143,791
General and administrative174,647150,116113,274
Deferred compensation plan(15,782)95,046177
Amortization of purchased intangibles41,11425,60115,352
Expenses associated with initial public offering0026,130
Total operating expenses653,457653,918484,239
Income from operations208,61294,589150,150
Interest expense, net(34,635)(11,221)(6,780)
Other income, net24,2989,96124,250
Income before income taxes198,27593,329167,620
(Provision) benefit for income taxes(21,283)3,448(38,625)
Loss from investments accounted for using the equity method, net of tax(2,212)(3,585)(2,474)
Net income174,78093,192126,521
Less: Net income attributable to participating securities(42)(9)(234)
Net income attributable to Class A and Class B common stockholders$ 174,738$ 93,183$ 126,287
Per share information:   
Net income per share, basic (USD per share)$ 0.57$ 0.30$ 0.44
Net income per share, diluted (USD per share)$ 0.55$ 0.30$ 0.42
Weighted average shares, basic (in shares)309,226,677305,711,345289,863,272
Weighted average shares, diluted (in shares)331,765,158314,610,814299,371,129
Subscriptions and licenses   
Revenues:   
Total revenues$ 1,003,597$ 865,887$ 736,655
Cost of revenues:   
Total cost of revenues147,578124,32195,803
Subscriptions   
Revenues:   
Total revenues960,220812,807679,273
Perpetual licenses   
Revenues:   
Total revenues43,37753,08057,382
Services   
Revenues:   
Total revenues95,48599,15964,889
Cost of revenues:   
Total cost of revenues$ 89,435$ 92,218$ 71,352

BSY Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 71,684$ 329,337
Accounts receivable296,376241,807
Allowance for doubtful accounts(9,303)(6,541)
Prepaid income taxes18,40616,880
Prepaid and other current assets38,73234,348
Total current assets415,895615,831
Property and equipment, net32,25131,823
Operating lease right-of-use assets40,24950,818
Intangible assets, net292,271245,834
Goodwill2,237,1841,588,477
Investments22,2706,438
Deferred income taxes52,63671,376
Other assets72,24948,646
Total assets3,165,0052,659,243
Current liabilities:  
Accounts payable15,17616,483
Accruals and other current liabilities362,048323,603
Deferred revenues226,955224,610
Operating lease liabilities14,67217,482
Income taxes payable4,5076,696
Current portion of long-term debt5,0005,000
Total current liabilities628,358593,874
Long-term debt1,775,6961,430,992
Deferred compensation plan liabilities77,01494,890
Long-term operating lease liabilities27,67035,274
Deferred revenues16,1187,983
Deferred income taxes51,23565,014
Income taxes payable8,1057,725
Other liabilities7,35514,269
Total liabilities2,591,5512,250,021
Commitments and contingencies (Note 18)
Stockholders’ equity:  
Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of December 31, 2022 and 202100
Class A Common Stock, $0.01 par value, authorized 100,000,000 shares; issued and outstanding 11,601,757 shares as of December 31, 2022 and 2021, and Class B Common Stock, $0.01 par value, authorized 1,800,000,000 shares; issued and outstanding 277,412,730 and 270,924,962 shares as of December 31, 2022 and 2021, respectively2,8902,825
Additional paid-in capital1,030,466937,805
Accumulated other comprehensive loss(89,740)(91,774)
Accumulated deficit(370,866)(439,634)
Non-controlling interest7040
Total stockholders’ equity573,454409,222
Total liabilities and stockholders’ equity$ 3,165,005$ 2,659,243