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MELE

MelexisENXTBR:MELE Stock Report

Market Cap

€4.1b

7D

-2.4%

1Y

25.8%

Updated

02 Dec, 2021

Data

Company Financials +
MELE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends4/6

MELE Stock Overview

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.

Melexis Competitors

Texas Instruments

NasdaqGS:TXN

US$177.1b

Honeywell International

NasdaqGS:HON

US$137.3b

Analog Devices

NasdaqGS:ADI

US$97.2b

Microchip Technology

NasdaqGS:MCHP

US$46.9b

Price History & Performance

Summary of all time highs, changes and price drops for Melexis
Historical stock prices
Current Share Price€101.80
52 Week High€110.80
52 Week Low€78.20
Beta1.24
1 Month Change-0.78%
3 Month Change0.59%
1 Year Change25.83%
3 Year Change105.49%
5 Year Change61.26%
Change since IPO1,172.50%

Recent News & Updates

Nov 18
Should You Think About Buying Melexis NV (EBR:MELE) Now?

Should You Think About Buying Melexis NV (EBR:MELE) Now?

Melexis NV ( EBR:MELE ), might not be a large cap stock, but it led the ENXTBR gainers with a relatively large price...

Sep 29
Is Melexis NV (EBR:MELE) Expensive For A Reason? A Look At Its Intrinsic Value

Is Melexis NV (EBR:MELE) Expensive For A Reason? A Look At Its Intrinsic Value

How far off is Melexis NV ( EBR:MELE ) from its intrinsic value? Using the most recent financial data, we'll take a...

Sep 15
Does Melexis (EBR:MELE) Have A Healthy Balance Sheet?

Does Melexis (EBR:MELE) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

MELEBE SemiconductorBE Market
7D-2.4%-2.9%-2.5%
1Y25.8%66.2%8.9%

Return vs Industry: MELE underperformed the Belgian Semiconductor industry which returned 77.6% over the past year.

Return vs Market: MELE exceeded the Belgian Market which returned 9.7% over the past year.

Price Volatility

Is MELE's price volatile compared to industry and market?
MELE volatility
MELE Average Weekly Movement4.5%
Semiconductor Industry Average Movement6.1%
Market Average Movement3.8%
10% most volatile stocks in BE Market6.3%
10% least volatile stocks in BE Market2.2%

Stable Share Price: MELE is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MELE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19881,500Marc Bironhttps://www.melexis.com

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. The company offers magnetic position, latch and switch, current, temperature, optical, pressure, and speed sensor ICs. It also provides embedded motor driver, fan and pump, LED, and pre driver ICs; and LIN/CAN system basis, NFC/RFID, radio-frequency receiver and transmitter, and switch controller ICs.

Melexis Fundamentals Summary

How do Melexis's earnings and revenue compare to its market cap?
MELE fundamental statistics
Market Cap€4.11b
Earnings (TTM)€121.83m
Revenue (TTM)€624.96m

33.8x

P/E Ratio

6.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MELE income statement (TTM)
Revenue€624.96m
Cost of Revenue€363.70m
Gross Profit€261.26m
Expenses€139.43m
Earnings€121.83m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 02, 2022

Earnings per share (EPS)3.02
Gross Margin41.80%
Net Profit Margin19.49%
Debt/Equity Ratio0%

How did MELE perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

73%

Payout Ratio

Valuation

Is Melexis undervalued compared to its fair value and its price relative to the market?

33.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MELE (€101.8) is trading above our estimate of fair value (€59.71)

Significantly Below Fair Value: MELE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MELE is good value based on its PE Ratio (33.8x) compared to the European Semiconductor industry average (40.7x).

PE vs Market: MELE is poor value based on its PE Ratio (33.8x) compared to the Belgian market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: MELE is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: MELE is overvalued based on its PB Ratio (10.1x) compared to the XE Semiconductor industry average (4.7x).


Future Growth

How is Melexis forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MELE's forecast earnings growth (12.2% per year) is above the savings rate (1.2%).

Earnings vs Market: MELE's earnings (12.2% per year) are forecast to grow slower than the Belgian market (13.2% per year).

High Growth Earnings: MELE's earnings are forecast to grow, but not significantly.

Revenue vs Market: MELE's revenue (11.1% per year) is forecast to grow faster than the Belgian market (7.9% per year).

High Growth Revenue: MELE's revenue (11.1% 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 (37.7%)


Past Performance

How has Melexis performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MELE has high quality earnings.

Growing Profit Margin: MELE's current net profit margins (19.5%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: MELE's earnings have declined by 6.2% per year over the past 5 years.

Accelerating Growth: MELE's earnings growth over the past year (100.8%) exceeds its 5-year average (-6.2% per year).

Earnings vs Industry: MELE earnings growth over the past year (100.8%) underperformed the Semiconductor industry 100.8%.


Return on Equity

High ROE: MELE's Return on Equity (29.9%) is considered high.


Financial Health

How is Melexis's financial position?


Financial Position Analysis

Short Term Liabilities: MELE's short term assets (€309.2M) exceed its short term liabilities (€66.9M).

Long Term Liabilities: MELE's short term assets (€309.2M) exceed its long term liabilities (€4.2M).


Debt to Equity History and Analysis

Debt Level: MELE is debt free.

Reducing Debt: MELE has no debt compared to 5 years ago when its debt to equity ratio was 5.2%.

Debt Coverage: MELE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MELE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Melexis's current dividend yield, its reliability and sustainability?

2.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MELE's dividend (2.16%) is higher than the bottom 25% of dividend payers in the Belgian market (1.52%).

High Dividend: MELE's dividend (2.16%) is low compared to the top 25% of dividend payers in the Belgian market (4.7%).


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: With its reasonable payout ratio (72.9%), MELE's dividend 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 (71.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average board tenure


CEO

Marc Biron (51 yo)

0.33

Tenure

Mr. Marc Biron has been Chief Executive Officer and Director of Melexis NV since August 1, 2021. He served as Global Development Manager and Vice President of Development & Quality of Melexis NV until Augu...


Board Members

Experienced Board: MELE's board of directors are considered experienced (8.2 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 employee growth, exchange listings and data sources


Key Information

  • Name: Melexis NV
  • Ticker: MELE
  • Exchange: ENXTBR
  • Founded: 1988
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €4.113b
  • Shares outstanding: 40.40m
  • Website: https://www.melexis.com

Number of Employees


Location

  • Melexis NV
  • Rozendaalstraat 12
  • Ieper
  • West Flanders
  • 8900
  • Belgium

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 21:34
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.