$Dassault Systemes SA(DASTY)$ -To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Huat99
01-23

$Dassault Systemes SA(DASTY)$ 🛠️ Dassault Systèmes (DSY.PA) — Inflection Analysis
This is a quiet transition story the market is still doubting.
Dassault is shifting from license-led PLM to a subscription-first 3DEXPERIENCE model. Headline growth looks soft, but revenue quality and margins are improving underneath.

📊 Inflection status: STABILIZING → EARLY POSITIVE
Qualitative improvement ahead of reported growth.

Atomic evidence:
• Subscription revenue +16% Q3’25 (vs +9% last year)
• Recurring revenue mix 86% (+300 bps YoY)
• Non-IFRS op margin 30.1% (+100 bps)
• Industrial Innovation +9% Q3’25, accelerating
• 3DEXPERIENCE Cloud +36% Q3’25

⚠️ Bottleneck:
Medidata -3% growth and auto OEM volume contraction delaying top-line inflection.

💰 Price-conditioned valuation:
At **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve.

🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does.
🤖 AI-assisted analysis

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Headline growth looks soft, but revenue quality and margins are improving underneath.\n<br>\n<br>\n📊 Inflection status: STABILIZING → EARLY POSITIVE\n<br>\nQualitative improvement ahead of reported growth.\n<br>\n<br>\nAtomic evidence:\n<br>\n• Subscription revenue +16% Q3’25 (vs +9% last year) \n<br>\n• Recurring revenue mix 86% (+300 bps YoY) \n<br>\n• Non-IFRS op margin 30.1% (+100 bps) \n<br>\n• Industrial Innovation +9% Q3’25, accelerating \n<br>\n• 3DEXPERIENCE Cloud +36% Q3’25\n<br>\n<br>\n⚠️ Bottleneck:\n<br>\nMedidata -3% growth and auto OEM volume contraction delaying top-line inflection.\n<br>\n<br>\n💰 Price-conditioned valuation:\n<br>\nAt **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve.\n<br>\n<br>\n🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does.\n<br>\n🤖 AI-assisted analysis<img src=\"https://community-static.tradeup.com/news/f4c0c67f759e383dd0584ac0232821bf\" tg-width=\"2816\" tg-height=\"1536\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/DASTY\">$Dassault Systemes SA(DASTY)$</a> 🛠️ Dassault Systèmes (DSY.PA) — Inflection Analysis\n<br>\nThis is a quiet transition story the market is still doubting.\n<br>\nDassault is shifting from license-led PLM to a subscription-first 3DEXPERIENCE model. Headline growth looks soft, but revenue quality and margins are improving underneath.\n<br>\n<br>\n📊 Inflection status: STABILIZING → EARLY POSITIVE\n<br>\nQualitative improvement ahead of reported growth.\n<br>\n<br>\nAtomic evidence:\n<br>\n• Subscription revenue +16% Q3’25 (vs +9% last year) \n<br>\n• Recurring revenue mix 86% (+300 bps YoY) \n<br>\n• Non-IFRS op margin 30.1% (+100 bps) \n<br>\n• Industrial Innovation +9% Q3’25, accelerating \n<br>\n• 3DEXPERIENCE Cloud +36% Q3’25\n<br>\n<br>\n⚠️ Bottleneck:\n<br>\nMedidata -3% growth and auto OEM volume contraction delaying top-line inflection.\n<br>\n<br>\n💰 Price-conditioned valuation:\n<br>\nAt **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve.\n<br>\n<br>\n🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does.\n<br>\n🤖 AI-assisted analysis<img src=\"https://community-static.tradeup.com/news/f4c0c67f759e383dd0584ac0232821bf\" tg-width=\"2816\" tg-height=\"1536\"></body></html>","text":"$Dassault Systemes SA(DASTY)$ 🛠️ Dassault Systèmes (DSY.PA) — Inflection Analysis This is a quiet transition story the market is still doubting. Dassault is shifting from license-led PLM to a subscription-first 3DEXPERIENCE model. Headline growth looks soft, but revenue quality and margins are improving underneath. 📊 Inflection status: STABILIZING → EARLY POSITIVE Qualitative improvement ahead of reported growth. Atomic evidence: • Subscription revenue +16% Q3’25 (vs +9% last year) • Recurring revenue mix 86% (+300 bps YoY) • Non-IFRS op margin 30.1% (+100 bps) • Industrial Innovation +9% Q3’25, accelerating • 3DEXPERIENCE Cloud +36% Q3’25 ⚠️ Bottleneck: Medidata -3% growth and auto OEM volume contraction delaying top-line inflection. 💰 Price-conditioned valuation: At **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve. 🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does. 🤖 AI-assisted analysis","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/524778509133368","repostId":0,"isVote":1,"tweetType":1,"viewCount":104,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DASTY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":888,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}