Melexis
Market Cap
€2.7b
Last Updated
2020/10/22 20:54 UTC
Data Sources
Company Financials +
Executive Summary
Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. More Details
Rewards
Risk Analysis
No risks detected for MELE from our risk checks.
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Melexis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MELE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.6%
MELE
-4.1%
BE Semiconductor
-3.2%
BE Market
1 Year Return
-2.8%
MELE
35.3%
BE Semiconductor
-23.2%
BE Market
Return vs Industry: MELE underperformed the Belgian Semiconductor industry which returned 35.3% over the past year.
Return vs Market: MELE exceeded the Belgian Market which returned -23.2% over the past year.
Shareholder returns
| MELE | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.6% | -4.1% | -3.2% |
| 30 Day | -1.2% | 9.7% | -0.6% |
| 90 Day | 0.6% | 1.8% | -3.6% |
| 1 Year | -1.5%-2.8% | 40.0%35.3% | -22.0%-23.2% |
| 3 Year | -15.3%-20.2% | 57.9%45.5% | -26.8%-31.2% |
| 5 Year | 67.2%51.2% | 179.1%140.7% | -20.6%-28.7% |
Price Volatility Vs. Market
How volatile is Melexis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
It Might Not Be A Great Idea To Buy Melexis NV (EBR:MELE) For Its Next Dividend1 week ago | Simply Wall St
Has Melexis NV (EBR:MELE) Stock's Recent Performance Got Anything to Do With Its Financial Health?3 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine Melexis NV (EBR:MELE)?Valuation
Is Melexis undervalued compared to its fair value and its price relative to the market?
44.86x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MELE (€67.8) is trading above our estimate of fair value (€32.97)
Significantly Below Fair Value: MELE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MELE is poor value based on its PE Ratio (44.9x) compared to the XE Semiconductor industry average (39.4x).
PE vs Market: MELE is poor value based on its PE Ratio (44.9x) compared to the Belgian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: MELE is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: MELE is overvalued based on its PB Ratio (8.3x) compared to the XE Semiconductor industry average (2.6x).
Next Steps
Future Growth
How is Melexis forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
21.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MELE's forecast earnings growth (21.7% per year) is above the savings rate (1.6%).
Earnings vs Market: MELE's earnings (21.7% per year) are forecast to grow slower than the Belgian market (28.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MELE's revenue (10.8% per year) is forecast to grow faster than the Belgian market (6.9% per year).
High Growth Revenue: MELE's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MELE's Return on Equity is forecast to be high in 3 years time (31.1%)
Next Steps
Past Performance
How has Melexis performed over the past 5 years?
-5.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MELE has high quality earnings.
Growing Profit Margin: MELE's current net profit margins (12.5%) are lower than last year (16.8%).
Past Earnings Growth Analysis
Earnings Trend: MELE's earnings have declined by 5.2% per year over the past 5 years.
Accelerating Growth: MELE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MELE had negative earnings growth (-30.5%) over the past year, making it difficult to compare to the Semiconductor industry average (-20.3%).
Return on Equity
High ROE: MELE's Return on Equity (18.6%) is considered low.
Next Steps
Financial Health
How is Melexis's financial position?
Financial Position Analysis
Short Term Liabilities: MELE's short term assets (€270.4M) exceed its short term liabilities (€48.4M).
Long Term Liabilities: MELE's short term assets (€270.4M) exceed its long term liabilities (€65.5M).
Debt to Equity History and Analysis
Debt Level: MELE's debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: MELE's debt to equity ratio has increased from 9.6% to 18.8% over the past 5 years.
Debt Coverage: MELE's debt is well covered by operating cash flow (167.7%).
Interest Coverage: MELE's interest payments on its debt are well covered by EBIT (78.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Melexis's current dividend yield, its reliability and sustainability?
1.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MELE's dividend (1.92%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (2.15%).
High Dividend: MELE's dividend (1.92%) is low compared to the top 25% of dividend payers in the Belgian market (5.74%).
Stability and Growth of Payments
Stable Dividend: MELE's dividend payments have been volatile in the past 10 years.
Growing Dividend: MELE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86%), MELE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MELE's dividends in 3 years are forecast to be covered by earnings (78.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.5yrs
Average board tenure
CEO
Francoise Chombar (58 yo)
16.75yrs
Tenure
€336,116
Compensation
Ms. Francoise Chombar has been an Independent Director at Soitec S.A. since July 26, 2019. She has been the Chief Executive Officer of Melexis NV, since 2004 and has been its Managing Director since Februa ...
CEO Compensation Analysis
Compensation vs Market: Francoise's total compensation ($USD397.63K) is below average for companies of similar size in the Belgian market ($USD811.29K).
Compensation vs Earnings: Francoise's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 16.75yrs | €336.12k | no data | |
| Chairman | no data | no data | no data | |
| Non-Executive Independent Director | 11.5yrs | €20.00k | no data | |
| Non-Executive Independent Director | 7.5yrs | €33.34k | no data | |
| Non-Executive Independent Director | 6.5yrs | €20.00k | no data |
9.5yrs
Average Tenure
70yo
Average Age
Experienced Board: MELE's board of directors are considered experienced (9.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Melexis NV's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Melexis NV
- Ticker: MELE
- Exchange: ENXTBR
- Founded: 1988
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: €2.716b
- Shares outstanding: 40.05m
- Website: https://www.melexis.com
Number of Employees
Location
- Melexis NV
- Rozendaalstraat 12
- Ieper
- West Flanders
- 8900
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MELE | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Oct 1997 |
| MEX | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1997 |
| 0FA0 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 1997 |
| MLXS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1997 |
| MELEB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 1997 |
Biography
Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin Am ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 20:54 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.