| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €95.40 |
| 52 Week High | €110.80 |
| 52 Week Low | €78.20 |
| Beta | 1.16 |
| 1 Month Change | -7.56% |
| 3 Month Change | -0.052% |
| 1 Year Change | 2.69% |
| 3 Year Change | 56.39% |
| 5 Year Change | 34.58% |
| Change since IPO | 1,092.50% |
Recent News & Updates
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Shareholder Returns
| MELE | BE Semiconductor | BE Market | |
|---|---|---|---|
| 7D | -5.3% | -3.7% | -2.0% |
| 1Y | 2.7% | 26.7% | 11.5% |
Return vs Industry: MELE underperformed the Belgian Semiconductor industry which returned 26.7% over the past year.
Return vs Market: MELE underperformed the Belgian Market which returned 11.5% over the past year.
Price Volatility
| MELE volatility | |
|---|---|
| MELE Average Weekly Movement | 4.9% |
| Semiconductor Industry Average Movement | 6.7% |
| Market Average Movement | 4.1% |
| 10% most volatile stocks in BE Market | 6.0% |
| 10% least volatile stocks in BE Market | 2.2% |
Stable Share Price: MELE is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MELE's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1988 | 1,500 | Marc Biron | https://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
| MELE fundamental statistics | |
|---|---|
| Market Cap | €3.85b |
| Earnings (TTM) | €121.83m |
| Revenue (TTM) | €624.96m |
31.6x
P/E Ratio6.2x
P/S RatioIs MELE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 41.80% |
| Net Profit Margin | 19.49% |
| Debt/Equity Ratio | 0% |
How did MELE perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield73%
Payout RatioValuation
Is Melexis undervalued compared to its fair value and its price relative to the market?
31.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MELE (€95.4) is trading above our estimate of fair value (€62)
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 (31.6x) compared to the European Semiconductor industry average (34.3x).
PE vs Market: MELE is poor value based on its PE Ratio (31.6x) compared to the Belgian market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: MELE is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: MELE is overvalued based on its PB Ratio (9.5x) compared to the XE Semiconductor industry average (4.1x).
Future Growth
How is Melexis forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
12.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MELE's forecast earnings growth (12.3% per year) is above the savings rate (1.2%).
Earnings vs Market: MELE's earnings (12.3% per year) are forecast to grow slower than the Belgian market (13.9% per year).
High Growth Earnings: MELE's earnings are forecast to grow, but not significantly.
Revenue vs Market: MELE's revenue (11% per year) is forecast to grow faster than the Belgian market (7.9% per year).
High Growth Revenue: MELE's revenue (11% 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 (37.6%)
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?
2.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MELE's dividend (2.31%) is higher than the bottom 25% of dividend payers in the Belgian market (1.48%).
High Dividend: MELE's dividend (2.31%) is low compared to the top 25% of dividend payers in the Belgian market (4.73%).
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 (71.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.8yrs
Average board tenure
CEO
Marc Biron (51 yo)
0.42
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 seasoned and experienced ( 10.8 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
- Implied Market Cap: €3.854b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 19:05 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.