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Company Analysis

Bentley Systems, Incorporated BSY

A comprehensive view of key metrics, scores, and financial health for Bentley Systems, Incorporated

Overview of Bentley Systems, Incorporated

BSY NMS
Technology Software - Application Framework: Software & SaaS Mid Cap
Bentley Systems, Incorporated (BSY), is a Mid Cap company, in the Software - Application industry, last closed at $29.74, about 28.5% overvalued vs fair value, -48.8% 1Y return, placing in the top 25% of its sector.
Metrics P/E 45.8× Rev Growth 11.0% ROE 24.9% Gross Margin 81.5% Div Yield 0.71%
USD 29.74
-4.86%
(Delayed)
• Vol 90d: 42.5%
52-Week Range
Market Cap
$9.90B
Enterprise Value
$10.96B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Good
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Good
Completeness: 82%
Confidence: 87%
Updated: Jul 5
Top Beats

Quick Facts

Website https://www.bentley.com
HQ Exton, PA
Employees 5,500
Fiscal year Dec 31

Next Events

Earnings Aug 5 Estimated

Fair Value Snapshot

Bear Base Bull
$19
$21
$23
Current: $29.74 -29% vs base

Engine Room Money Flow™

Mid Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps
Total Revenue
$1.5B
11%%
Gross Profit
$1.2B
11.8%%
Operating Income (GAAP)
$362.6M
20%%
Operating Cash Flow
$538.5M
23.7%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Software & SaaS

Quality & Reliability Indicators

Gross Margin
81.5%
Excellent

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$242.2M
46.6% of FCF

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
1
Active Leaks
1/1
Improving
0
High Impact
0
Critical
Moat Analysis Software & SaaS Specialized

Competitive Advantage Assessment

Evaluating Bentley Systems, Incorporated's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
72
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
81
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing BSY's balance between Growth (30.4%), Profitability (48.9%), and Safety (20.7%). Growth 30% Safety 21% Profitability 49%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

54th percentile vs peers
55
Key Signals
Rev Growth YoY 11.0% 52p Def Rev Growth 20.8% 71p Revenue CAGR 3Y 11.0% 55p TSR -17.7% 39p EPS Growth YoY 18.6% 45p
Strengths
  • Gross Profit Margin in top 20% of peers (81.5%, 87th percentile)
  • Rule of 40 in top 20% of peers (45.6%, 83th percentile)
  • FCF Margin in top 20% of peers (34.6%, 94th percentile)
  • Interest Coverage Ratio in top 20% of peers (23.89, 86th percentile)
Risks

No significant risks identified for this axis.

Profitability

87th percentile vs peers
88
Key Signals
Strengths
Risks
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Safety

37th percentile vs peers
37
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Bentley Systems, Incorporated.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$21.25
- - -
-28.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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