Loading...

Materialise

Nasdaq:MTLS
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTLS
Nasdaq
$852M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Materialise has significant price volatility in the past 3 months.
MTLS Share Price and Events
7 Day Returns
1%
NasdaqGS:MTLS
0.2%
US Software
-1.1%
US Market
1 Year Returns
26.2%
NasdaqGS:MTLS
31.2%
US Software
6.4%
US Market
MTLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Materialise (MTLS) 1% -13% -17.8% 26.2% 112.4% -
US Software 0.2% 3.6% 25.2% 31.2% 108.9% 137.5%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • MTLS underperformed the Software industry which returned 31.2% over the past year.
  • MTLS outperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
MTLS
Industry
5yr Volatility vs Market

Value

 Is Materialise undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Materialise to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Materialise.

NasdaqGS:MTLS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MTLS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.8%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 29%) (14.05%))
1.17
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.17 * 6.8%)
10.68%

Discounted Cash Flow Calculation for NasdaqGS:MTLS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Materialise is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:MTLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.68%)
2019 5.00 Analyst x1 4.52
2020 11.00 Analyst x1 8.98
2021 15.00 Analyst x1 11.06
2022 18.36 Est @ 22.37% 12.23
2023 21.38 Est @ 16.48% 12.87
2024 24.02 Est @ 12.35% 13.06
2025 26.30 Est @ 9.47% 12.92
2026 28.25 Est @ 7.45% 12.54
2027 29.96 Est @ 6.03% 12.02
2028 31.47 Est @ 5.04% 11.40
Present value of next 10 years cash flows €111.61
NasdaqGS:MTLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €31.47 × (1 + 2.73%) ÷ (10.68% – 2.73%)
€406.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €406.42 ÷ (1 + 10.68%)10
€147.27
NasdaqGS:MTLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €111.61 + €147.27
€258.88
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €258.88 / 52.38
€4.94
NasdaqGS:MTLS Discount to Share Price
Calculation Result
Exchange Rate EUR/USD
(Reporting currency to currency of NasdaqGS:MTLS)
1.129
Value per Share
(USD)
= Value per Share in EUR x Exchange Rate (EUR/USD)
= €4.94 x 1.129
$5.58
Value per share (USD) From above. $5.58
Current discount Discount to share price of $16.27
= -1 x ($16.27 - $5.58) / $5.58
-191.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Materialise is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Materialise's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Materialise's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MTLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.06
NasdaqGS:MTLS Share Price ** NasdaqGS (2019-03-22) in USD $16.27
NasdaqGS:MTLS Share Price converted to EUR reporting currency Exchange rate (USD/ EUR) 0.885 €14.41
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.08x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Materialise.

NasdaqGS:MTLS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MTLS Share Price ÷ EPS (both in EUR)

= 14.41 ÷ 0.06

237.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Materialise is overvalued based on earnings compared to the US Software industry average.
  • Materialise is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Materialise's expected growth come at a high price?
Raw Data
NasdaqGS:MTLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 237.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
44.6%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.32x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NasdaqGS:MTLS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 237.03x ÷ 44.6%

5.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Materialise is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Materialise's assets?
Raw Data
NasdaqGS:MTLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.57
NasdaqGS:MTLS Share Price * NasdaqGS (2019-03-22) in USD $16.27
NasdaqGS:MTLS Share Price converted to EUR reporting currency Exchange rate (USD/ EUR) 0.885 €14.41
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.62x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
NasdaqGS:MTLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MTLS Share Price ÷ Book Value per Share (both in EUR)

= 14.41 ÷ 2.57

5.6x

* Primary Listing of Materialise.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Materialise is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Materialise's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Materialise has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Materialise expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Materialise expected to grow at an attractive rate?
  • Materialise's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Materialise's earnings growth is expected to exceed the United States of America market average.
  • Materialise's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MTLS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MTLS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 44.6%
NasdaqGS:MTLS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.8%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MTLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MTLS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 344 1
2022-12-31 299 1
2021-12-31 262 44 14 2
2020-12-31 230 39 12 4
2019-12-31 201 32 7 3
NasdaqGS:MTLS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 185 28 3
2018-09-30 180 26 4
2018-06-30 166 16 0
2018-03-31 155 14 -1
2017-12-31 143 10 -2
2017-09-30 129 7 -3
2017-06-30 126 8 -1
2017-03-31 120 9 -1
2016-12-31 114 8 -3
2016-09-30 111 5 -1
2016-06-30 108 7 -3
2016-03-31 105 3 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Materialise's earnings are expected to grow significantly at over 20% yearly.
  • Materialise's revenue is expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MTLS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Materialise Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MTLS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.26 0.26 0.26 1.00
2020-12-31 0.23 0.31 0.15 2.00
2019-12-31 0.13 0.17 0.08 2.00
NasdaqGS:MTLS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.06
2018-09-30 0.08
2018-06-30 0.01
2018-03-31 -0.02
2017-12-31 -0.03
2017-09-30 -0.05
2017-06-30 -0.03
2017-03-31 -0.01
2016-12-31 -0.06
2016-09-30 -0.03
2016-06-30 -0.05
2016-03-31 -0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Materialise is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Materialise's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Materialise has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Materialise performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Materialise's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Materialise's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Materialise has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Materialise has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
Materialise's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Materialise Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MTLS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 184.72 3.03 78.61 22.42
2018-09-30 180.44 4.03 75.07 22.62
2018-06-30 166.02 0.30 70.85 21.68
2018-03-31 154.55 -1.02 66.76 20.98
2017-12-31 142.57 -1.66 63.98 19.96
2017-09-30 129.32 -2.56 59.63 18.59
2017-06-30 125.75 -1.20 58.67 18.27
2017-03-31 119.73 -0.68 57.32 17.90
2016-12-31 114.48 -3.02 56.19 17.68
2016-09-30 111.03 -1.49 54.98 18.26
2016-06-30 108.18 -2.55 54.01 18.44
2016-03-31 105.35 -5.12 52.95 18.05
2015-12-31 102.04 -2.81 51.88 18.19
2015-09-30 97.59 -5.44 51.11 18.12
2015-06-30 91.54 -1.73 47.64 17.23
2015-03-31 86.01 1.11 43.43 16.42
2014-12-31 81.36 2.06 39.03 15.09
2014-09-30 77.27 3.79 34.98 13.34
2014-06-30 74.41 2.60 33.60 12.19
2014-03-31 71.89 3.41 32.36 11.26
2013-12-31 68.72 3.51 31.01 10.60
2012-12-31 59.11 1.55 27.87 9.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Materialise has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Materialise used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Materialise has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Materialise's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Materialise has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Materialise's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Materialise's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Materialise is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Materialise's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Materialise's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Materialise Company Filings, last reported 2 months ago.

NasdaqGS:MTLS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 135.99 106.04 115.51
2018-09-30 134.86 107.73 114.62
2018-06-30 77.05 98.22 48.72
2018-03-31 76.44 94.80 44.70
2017-12-31 77.52 94.56 43.18
2017-09-30 76.06 53.57 48.10
2017-06-30 77.42 46.73 53.83
2017-03-31 78.59 41.41 55.07
2016-12-31 79.03 33.81 55.91
2016-09-30 78.10 26.42 50.49
2016-06-30 78.25 22.72 51.30
2016-03-31 79.03 20.74 49.44
2015-12-31 82.96 21.09 50.73
2015-09-30 80.74 15.86 48.73
2015-06-30 82.36 16.74 52.70
2015-03-31 85.02 17.77 57.57
2014-12-31 85.17 17.35 61.02
2014-09-30 85.28 17.24 75.04
2014-06-30 82.43 17.83 77.43
2014-03-31 17.83 16.85 11.64
2013-12-31 17.74 16.32 12.60
2012-12-31 13.34 15.67 6.42
  • Materialise's level of debt (78%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92% vs 78% today).
  • Debt is well covered by operating cash flow (26.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Materialise's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Materialise has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Materialise dividends.
If you bought $2,000 of Materialise shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Materialise's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Materialise's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MTLS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MTLS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Materialise has not reported any payouts.
  • Unable to verify if Materialise's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Materialise's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Materialise has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Materialise's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Materialise afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Materialise has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Materialise's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wilfried Vancraen
AGE 56
TENURE AS CEO 28.7 years
CEO Bio

Mr. Wilfried Vancraen Founded Materialise Nv in July 1990 and has been its Chief Executive Officer and Director since July 1990.

CEO Compensation
  • Insufficient data for Wilfried to compare compensation growth.
  • Insufficient data for Wilfried to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Materialise management team in years:

6.1
Average Tenure
51.5
Average Age
  • The average tenure for the Materialise management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Leys

TITLE
Executive Chairman
AGE
53
TENURE
6.2 yrs

Wilfried Vancraen

TITLE
Founder
AGE
56
TENURE
28.7 yrs

Johan Albrecht

TITLE
Executive VP & CFO
AGE
55
TENURE
3.6 yrs

Bart van der Schueren

TITLE
Executive VP & CTO
AGE
50
TENURE
3.2 yrs

Carla Van Steenbergen

TITLE
Chief Legal Officer
AGE
43
TENURE
15.7 yrs

Conny Hooghe

TITLE
VP of Human Resources
TENURE
1.5 yrs

Hilde Ingelaere

TITLE
Executive VP of Medical & Director
AGE
55
TENURE
8.2 yrs

Johan Pauwels

TITLE
Executive Vice President of Software
AGE
50
TENURE
8.2 yrs

Eddy Crits

TITLE
TENURE
0.2 yrs

Filip Dehing

TITLE
Chief Executive Officer of RapidFit NV
AGE
47
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure and age of the Materialise board of directors in years:

7.2
Average Tenure
55
Average Age
  • The tenure for the Materialise board of directors is about average.
Board of Directors

Peter Leys

TITLE
Executive Chairman
AGE
53
TENURE
6.2 yrs

Wilfried Vancraen

TITLE
Founder
AGE
56
TENURE
28.7 yrs

Hilde Ingelaere

TITLE
Executive VP of Medical & Director
AGE
55
TENURE
21.3 yrs

Johan De Lille

TITLE
Independent Director
AGE
55
TENURE
12.7 yrs

Pol Ingelaere

TITLE
Director
AGE
81
TENURE
8.2 yrs

Jürgen Ingels

TITLE
Independent Director
AGE
47
TENURE
5.3 yrs

Bart Luyten

TITLE
Independent Director
AGE
41
TENURE
1.8 yrs

Jos van der Sloten

TITLE
Director
AGE
55
TENURE
12.2 yrs

Lieve Verplancke

TITLE
Independent Director
AGE
58
TENURE
3.8 yrs

Volker Hammes

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Materialise's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Materialise has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Materialise NV (NASDAQ:MTLS): Time For A Financial Health Check

While small-cap stocks, such as Materialise NV (NASDAQ:MTLS) with its market cap of US$822m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Could The Materialise NV (NASDAQ:MTLS) Ownership Structure Tell Us Something Useful?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … It has a market capitalization of US$998m, which means it would generally expect to see some institutions on the share registry. … institutions own shares in the company

Simply Wall St -

Should Materialise NV (NASDAQ:MTLS) Focus On Improving This Fundamental Metric?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.030 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What does Materialise NV's (NASDAQ:MTLS) Balance Sheet Tell Us About Its Future?

Materialise NV (NASDAQ:MTLS) is a small-cap stock with a market capitalization of US$641m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Who Really Owns Materialise NV (NASDAQ:MTLS)?

Generally speaking, as a company grows, institutions will increase their ownership. … Materialise is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

What Should Investors Know About Materialise NV's (NASDAQ:MTLS) Capital Returns?

and looking to gauge the potential return on investment in Materialise NV (NASDAQ:MTLS). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Materialise, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Materialise NV (NASDAQ:MTLS) Undervalued?

saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at Materialise’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Loss-Making Materialise NV (NASDAQ:MTLS) Expected To Breakeven

The US$595.35m market-cap company’s loss lessens since it announced a -US$1.66m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$1.02m, as it approaches breakeven. … I’ve put together a brief outline of industry analyst expectations for MTLS, its year of breakeven and its implied growth rate … Expectation from Software analysts is MTLS is on the verge of breakeven.

Simply Wall St -

What Should Investors Know About Materialise NV's (NASDAQ:MTLS) Return On Capital?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Materialise, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … Take a look at the formula box beneath: ROCE Calculation for MTLS Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €419.00K ÷ (€242.65M - €68.02M) = 0.24% As you can see, MTLS earned $0.2 from every $100 you invested over the previous twelve months.

Simply Wall St -

Who Are Materialise NV's (NASDAQ:MTLS) Major Shareholders?

MTLS insiders hold a significant stake of 13.15% in the company. … Private Company Ownership Another important group of owners for potential investors in MTLS are private companies that hold a stake of 58.00% in MTLS. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: MTLS's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Company Info

Description

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company’s Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations. Its software interfaces between various types of 3D printers; and various software applications and capturing technologies, including computer-aided design packages and 3D scanners. This segment serves 3D printing machine original equipment manufacturers; manufacturers in automotive, aerospace, consumer goods, and hearing aid industries; and 3D printing service bureaus through its sales force, Website, and third-party distributors. Its Materialise Medical segment provides medical software that allows medical-image based analysis and engineering, as well as patient-specific design of surgical devices and implants to research institutes, hospitals, and medical device companies; and clinical services. This segment has collaboration agreements with Zimmer Biomet Holdings, Inc.; Encore Medical, L.P.; DePuy Synthes Companies of Johnson & Johnson; Global Orthopaedic Technology Pty Ltd; Limacorporate Spa; Mathys AG; Howmedica Osteonics Corp.; and Corin Ltd. It serves medical device companies, hospitals, universities, and industrial companies through its direct sales force, Website, and picture archiving and communication system partners. The company’s Materialise Manufacturing segment primarily offers 3D printing services to industrial and commercial customers. It provides design and engineering services, and rapid prototyping and additive manufacturing of production parts; and engineers and 3D prints fixtures that allow automobile manufacturers and their suppliers to enhance the quality control and efficiency of their manufacturing processes. The company was founded in 1990 and is headquartered in Leuven, Belgium.

Details
Name: Materialise NV
MTLS
Exchange: NasdaqGS
Founded: 1990
$852,245,687
52,381,419
Website: http://www.materialise.com
Address: Materialise NV
Technologielaan 15,
Leuven,
Flemish Brabant, 3001,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MTLS SPONSORED ADS Nasdaq Global Select US USD 26. Jun 2014
DB 06MA SPONSORED ADS Deutsche Boerse AG DE EUR 26. Jun 2014
Number of employees
Current staff
Staff numbers
1,862
Materialise employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:34
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.