Bentley Systems Stock Fair Value – BENTLEY SYSTEMS Reports Third Quarter FY2023 Earnings Results
December 3, 2023
🌥️Earnings Overview
BENTLEY SYSTEMS ($NASDAQ:BSY) reported total revenue of 306.6 million U.S. dollars for the third quarter of FY2023, a 14.3% increase compared to the same period in the prior year. Moreover, net income increased by 43.3%, amounting to 53.0 million U.S. dollars for the quarter ending September 30, 2023.
Market Price
BENTLEY SYSTEMS reported third quarter FY2023 earnings results on Tuesday and saw an 8.4% jump in stock price. The company opened its stock at $50.5, and closed at $52.0, a rise from the prior closing price of 48.0. This is a positive indication of performance for the company and reflects investor confidence in its performance. The company is well-positioned to continue to deliver strong performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bentley Systems. More…
| Total Revenues | Net Income | Net Margin |
| 1.2k | 172.86 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bentley Systems. More…
| Operations | Investing | Financing |
| 365.77 | -80.93 | -291.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bentley Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.13k | 2.44k | 2.34 |
Key Ratios Snapshot
Some of the financial key ratios for Bentley Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.4% | 12.3% | 21.0% |
| FCF Margin | ROE | ROA |
| 28.3% | 23.7% | 5.0% |
Analysis – Bentley Systems Stock Fair Value
We at GoodWhale have conducted comprehensive analysis of BENTLEY SYSTEMS‘s fundamental performance. Our proprietary Valuation Line data reveals that the fair value of BENTLEY SYSTEMS share is around $52.6. This is an interesting investment opportunity for investors looking to grow their portfolio with a well-established company such as BENTLEY SYSTEMS. More…
Peers
The competition in the enterprise software market is heating up, with Bentley Systems, Inc. taking on iCetana Ltd, Jamf Holding Corp, and Sage Group (The) PLC. All three companies offer a suite of enterprise software products, and all are gunning for a share of the market. Bentley Systems has the advantage of being a well-established player in the market, with a suite of products that are well-regarded by customers. iCetana, Jamf, and Sage all have their own strengths and weaknesses, but all three are viable competitors that Bentley Systems will have to watch out for in the coming years.
– iCetana Ltd ($ASX:ICE)
Cetana Ltd is a publicly traded company with a market capitalization of 8.97 million as of 2022. The company has a return on equity of -90.79%. Cetana Ltd is engaged in the business of providing software and services to the energy sector. The company’s products and services include software for energy trading, risk management, and operation optimization; and consulting services for energy market analysis, energy policy, and regulation.
– Jamf Holding Corp ($NASDAQ:JAMF)
Jamf Holding Corp is a publicly traded company that provides enterprise management software for the Apple platform. The company has a market capitalization of $2.77 billion and a negative return on equity of 19.67%. Jamf Holding Corp’s products are used by organizations of all sizes to manage Apple devices and apps. The company’s software includes tools for managing apps, devices, and users; deploying and managing software updates; and protecting data.
– Sage Group (The) PLC ($LSE:SGE)
The Sage Group is a global provider of enterprise software and services. It has a market capitalization of 7.15 billion as of 2022 and a return on equity of 26.88%. The company offers a broad range of software and services for businesses of all sizes, including accounting, payroll, human resources, and customer relationship management. Sage also provides cloud-based solutions and mobile apps. The company has operations in over 24 countries and serves over 6 million customers worldwide.
Summary
Bentley Systems showed strong financial performance in its third quarter of FY2023, with total revenue increasing 14.3% year-over-year and net income increasing 43.3%. Investors responded positively to the results, driving up the stock price on the same day. This is a potential opportunity for investors to consider investing in Bentley Systems, as the company is showing steady growth and its strong financials make it an attractive option. Investors should consider factors such as company strategy, management team, competitive landscape, and market trends when making their investment decisions.
