Company Valuation: Materialise NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,234 486.3 350.8 401.7 279.2 436.2 - -
Change - -60.57% -27.86% 14.49% -30.49% 56.21% - -
Enterprise Value (EV) 1 1,128 418.4 287.6 340.6 208.4 355.4 339.8 318.2
Change - -62.91% -31.25% 18.42% -38.82% 70.53% -4.38% -6.36%
P/E 91.3x -206x 54x 29.6x 36.4x 35.8x 26.7x 19.5x
PBR 5.12x 2.12x 1.48x 1.62x 1.09x 1.83x 1.71x 1.54x
PEG - 2x -0x 0x -0.8x 0.6x 0.8x 0.5x
Capitalization / Revenue 6x 2.1x 1.37x 1.51x 1.04x 1.57x 1.48x 1.37x
EV / Revenue 5.49x 1.8x 1.12x 1.28x 0.78x 1.28x 1.15x 1x
EV / EBITDA 34.7x 22x 9.16x 10.8x 6.43x 9.56x 7.82x 6.17x
EV / EBIT 92.3x -146x 51.2x 36.1x 23.3x 30.7x 19.5x 11.5x
EV / FCF 79.9x -168x 34.3x 67.1x 23x 23.4x 19.9x 14.7x
FCF Yield 1.25% -0.59% 2.92% 1.49% 4.35% 4.28% 5.03% 6.79%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.23 -0.04 0.11 0.23 0.13 0.2103 0.2826 0.387
Distribution rate - - - - - - - -
Net sales 1 205.4 232 256.1 266.8 267.6 278.3 294.8 318.4
EBITDA 1 32.5 19.01 31.4 31.48 32.39 37.16 43.47 51.58
EBIT 1 12.22 -2.872 5.619 9.432 8.936 11.57 17.41 27.68
Net income 1 13.15 -2.123 6.722 13.47 7.718 12.43 16.72 22.75
Net Debt 1 -105.5 -67.94 -63.18 -61.02 -70.8 -80.76 -96.33 -117.9
Reference price 2 20.989 8.234 5.939 6.800 4.727 7.538 7.538 7.538
Nbr of stocks (in thousands) 58,771 59,064 59,067 59,067 59,067 57,861 - -
Announcement Date 3/3/22 A 2/14/23 A 2/21/24 A 2/20/25 A 2/19/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.84x1.28x9.56x-.--% 495M
26.04x9.62x15.73x0.77% 3,809B
122.44x53.43x86.72x-.--% 449B
20.67x5.89x10.32x1.45% 416B
252.08x22.5x65.87x-.--% 325B
2647.5x44.38x142.94x-.--% 272B
26.28x5.27x16.62x1.44% 243B
86.75x8.42x22.54x-.--% 139B
57.81x15.57x41.01x-.--% 131B
18.54x11.83x14.1x-.--% 97.19B
Average 329.40x 17.82x 42.54x 0.37% 588.17B
Weighted average by Cap. 168.62x 14.98x 30.15x 0.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. MTLS Stock
  4. Valuation Materialise NV