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Bentley Systems Inc (BSY)

Upturn stock ratingUpturn stock rating
$52.74
Last Close (24-hour delay)
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PASS
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

09/17/2025: BSY (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

16 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $59.08

1 Year Target Price $59.08

Analysts Price Target For last 52 week
$59.08 Target price
52w Low $36.46
Current$52.74
52w High $59.25

Analysis of Past Performance

Type Stock
Historic Profit 3.4%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/17/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 15.86B USD
Price to earnings Ratio 66.95
1Y Target Price 59.08
Price to earnings Ratio 66.95
1Y Target Price 59.08
Volume (30-day avg) 16
Beta 1.1
52 Weeks Range 36.46 - 59.25
Updated Date 09/17/2025
52 Weeks Range 36.46 - 59.25
Updated Date 09/17/2025
Dividends yield (FY) 0.49%
Basic EPS (TTM) 0.78

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 17.91%
Operating Margin (TTM) 23.68%

Management Effectiveness

Return on Assets (TTM) 6.34%
Return on Equity (TTM) 23.66%

Valuation

Trailing PE 66.95
Forward PE 38.31
Enterprise Value 17048698320
Price to Sales(TTM) 11.17
Enterprise Value 17048698320
Price to Sales(TTM) 11.17
Enterprise Value to Revenue 12.01
Enterprise Value to EBITDA 42.88
Shares Outstanding 292092992
Shares Floating 149281684
Shares Outstanding 292092992
Shares Floating 149281684
Percent Insiders 44.98
Percent Institutions 45.37

ai summary icon Upturn AI SWOT

Bentley Systems Inc

stock logo

Company Overview

overview logo History and Background

Bentley Systems, founded in 1984, provides software solutions for infrastructure design, construction, and operations. It has grown through organic development and acquisitions, evolving into a leading provider of engineering software.

business area logo Core Business Areas

  • Engineering Design: Software for 3D modeling, analysis, and simulation of infrastructure projects, including roads, bridges, buildings, and plants.
  • Construction Management: Solutions for project management, scheduling, and cost control throughout the construction lifecycle.
  • Asset and Network Performance: Software for managing and optimizing the performance of infrastructure assets, including asset information management and digital twins.
  • Reality Modeling: Solutions for capturing and processing reality data, such as photogrammetry and laser scanning, to create 3D models of existing infrastructure.

leadership logo Leadership and Structure

Greg Bentley serves as the Chairman and CEO. The company is structured around product and market segments, with a global sales and support network.

Top Products and Market Share

overview logo Key Offerings

  • MicroStation: A CAD software platform used for 2D and 3D design and drafting. Competitors include Autodesk's AutoCAD and Nemetschek's Allplan. Market share is substantial within infrastructure projects, but difficult to pinpoint a precise percentage.
  • OpenRoads: Software for civil engineering design, specifically for roads and highways. Competitors include Autodesk's Civil 3D and Trimble's Business Center - HCE. Used by many DOTs (Departments of Transportation), but precise revenue figures are not publicly disclosable.
  • AssetWise: A platform for asset performance management, used for tracking and optimizing the performance of infrastructure assets. Competitors include IBM Maximo and Oracle EAM. Exact market share figures not publicly available.
  • iTwin Platform: A cloud-based platform for digital twins, allowing users to visualize and analyze infrastructure assets in a virtual environment. Competitors include Autodesk Tandem and Siemens MindSphere. Usage growing significantly with the digital transformation of infrastructure.

Market Dynamics

industry overview logo Industry Overview

The engineering software market is growing, driven by increasing demand for infrastructure development, digital transformation, and sustainability. The trend towards BIM (Building Information Modeling) and digital twins is also a major driver.

Positioning

Bentley Systems is a leading provider of software solutions for infrastructure engineering. Its competitive advantages include its comprehensive product portfolio, its focus on infrastructure, and its strong relationships with infrastructure owners and operators.

Total Addressable Market (TAM)

The TAM for infrastructure engineering software is estimated to be in the tens of billions of dollars. Bentley Systems is well-positioned to capture a significant share of this market, leveraging its existing customer base and expanding into new geographies and application areas.

Upturn SWOT Analysis

Strengths

  • Strong brand reputation
  • Comprehensive product portfolio
  • Focus on infrastructure
  • Extensive industry knowledge
  • Large user base

Weaknesses

  • High software costs
  • Complexity of software
  • Integration challenges with other systems
  • Dependence on large projects

Opportunities

  • Growing demand for infrastructure development
  • Increasing adoption of BIM and digital twins
  • Expansion into new geographies
  • Development of new software solutions
  • Partnerships with other technology companies

Threats

  • Competition from larger software companies
  • Economic downturn
  • Technological disruption
  • Cybersecurity threats
  • Changing regulatory requirements

Competitors and Market Share

competitor logo Key Competitors

  • Autodesk (ADSK)
  • Trimble (TRMB)
  • Nemetschek (NEM.DE)

Competitive Landscape

Bentley Systems differentiates itself through its focus on infrastructure and its comprehensive product portfolio. Autodesk is a larger company with a broader product range, while Trimble focuses on construction and surveying.

Major Acquisitions

Seequent

  • Year: 2021
  • Acquisition Price (USD millions): 900
  • Strategic Rationale: Expanded Bentley's geotechnical capabilities and presence in the mining industry.

Growth Trajectory and Initiatives

Historical Growth: Bentley Systems has experienced steady growth over the past years, driven by organic development and acquisitions. Growth varies year to year based on economic factors and specific customer contracts.

Future Projections: Analyst estimates vary, but generally project continued growth for Bentley Systems, driven by the increasing demand for infrastructure development and digital transformation. Refer to analyst reports.

Recent Initiatives: Recent initiatives include investments in digital twins, cloud-based solutions, and strategic partnerships.

Summary

Bentley Systems is a strong player in the infrastructure engineering software market, benefiting from its focused approach and comprehensive product offerings. While the company faces competition from larger and more diversified players, its emphasis on digital twins and cloud solutions positions it well for future growth. Monitoring integration challenges and software costs will be important for sustained success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • Company 10K Filings
  • Analyst Reports
  • Industry Research Reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market share estimates are approximate and may vary. Financial data should be verified with official company filings.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Bentley Systems Inc

Exchange NASDAQ
Headquaters Exton, PA, United States
IPO Launch date 2020-09-23
CEO & Director Mr. Nicholas H. Cumins
Sector Technology
Industry Software - Application
Full time employees 5500
Full time employees 5500

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 applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation applications, including ADINA, AutoPIPE, LEGION, OpenPaths, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS. It also provides infrastructure cloud applications, such as ProjectWise, SYNCHRO, and AssetWise, as well as Cesim and iTwin platform that enables users to create and curate cloud native 4D/5D digital representations of physical infrastructure assets consisting of iTwin Capture, iTwin Experience, and iTwin IoT platforms. The company serves civil, structural, geotechnical, subsurface, process 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.