Company Valuation: Materialise NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,234 486.3 350.8 401.7 279.2 345.2 - -
Change - -60.57% -27.86% 14.49% -30.49% 23.64% - -
Enterprise Value (EV) 1 1,128 418.4 287.6 340.6 208.4 258.2 250.1 227.6
Change - -62.91% -31.25% 18.42% -38.82% 23.89% -3.12% -9%
P/E 91.3x -206x 54x 29.6x 36.4x 28.9x 21.4x 15.4x
PBR 5.12x 2.12x 1.48x 1.62x 1.09x 1.32x 1.3x 1.18x
PEG - 2x -0x 0x -0.8x 0.5x 0.6x 0.4x
Capitalization / Revenue 6x 2.1x 1.37x 1.51x 1.04x 1.26x 1.19x 1.1x
EV / Revenue 5.49x 1.8x 1.12x 1.28x 0.78x 0.94x 0.86x 0.73x
EV / EBITDA 34.7x 22x 9.16x 10.8x 6.43x 6.95x 5.55x 4.29x
EV / EBIT 92.3x -146x 51.2x 36.1x 23.3x 21.7x 13.7x 7.76x
EV / FCF 79.9x -168x 34.3x 67.1x 23x 26.9x 16.2x 11.3x
FCF Yield 1.25% -0.59% 2.92% 1.49% 4.35% 3.72% 6.16% 8.83%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.23 -0.04 0.11 0.23 0.13 0.2048 0.277 0.3857
Distribution rate - - - - - - - -
Net sales 1 205.4 232 256.1 266.8 267.6 274.7 291.2 313
EBITDA 1 32.5 19.01 31.4 31.48 32.39 37.15 45.03 53.03
EBIT 1 12.22 -2.872 5.619 9.432 8.936 11.87 18.26 29.34
Net income 1 13.15 -2.123 6.722 13.47 7.718 12.1 16.33 22.67
Net Debt 1 -105.5 -67.94 -63.18 -61.02 -70.8 -87.02 -95.08 -117.6
Reference price 2 20.989 8.234 5.939 6.800 4.727 5.925 5.925 5.925
Nbr of stocks (in thousands) 58,771 59,064 59,067 59,067 59,067 58,259 - -
Announcement Date 3/3/22 2/14/23 2/21/24 2/20/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.93x0.94x6.95x-.--% 399M
25.42x9.4x15.32x0.78% 3,713B
115.04x49.11x79.55x-.--% 413B
70.66x14.9x31.42x-.--% 93.42B
375.44x17.79x70.34x-.--% 84B
154.15x9x22.98x-.--% 79.65B
37.94x2.01x15.8x-.--% 69.47B
114.23x5.18x29.15x-.--% 46.09B
-274.21x5.71x18.88x-.--% 37.83B
27.99x5.73x27.41x-.--% 36.62B
Average 67.56x 11.98x 31.78x 0.08% 457.35B
Weighted average by Cap. 41.74x 13.03x 22.87x 0.63%

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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