Company Valuation: Materialise NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,234 486.3 350.8 401.7 279.2 342.6 - -
Change - -60.57% -27.86% 14.49% -30.49% 22.71% - -
Enterprise Value (EV) 1 1,128 418.4 287.6 340.6 208.4 255.6 247.5 225
Change - -62.91% -31.25% 18.42% -38.82% 22.65% -3.15% -9.09%
P/E 91.3x -206x 54x 29.6x 36.4x 28.7x 21.2x 15.2x
PBR 5.12x 2.12x 1.48x 1.62x 1.09x 1.31x 1.29x 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 1.25x 1.18x 1.09x
EV / Revenue 5.49x 1.8x 1.12x 1.28x 0.78x 0.93x 0.85x 0.72x
EV / EBITDA 34.7x 22x 9.16x 10.8x 6.43x 6.88x 5.5x 4.24x
EV / EBIT 92.3x -146x 51.2x 36.1x 23.3x 21.5x 13.6x 7.67x
EV / FCF 79.9x -168x 34.3x 67.1x 23x 26.6x 16.1x 11.2x
FCF Yield 1.25% -0.59% 2.92% 1.49% 4.35% 3.76% 6.22% 8.93%
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 5.881 5.881 5.881
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.71x0.93x6.88x-.--% 396M
24.77x9.16x14.93x0.81% 3,620B
105.95x45.11x73.09x-.--% 381B
510.79x22.09x88.78x-.--% 101B
70.21x14.8x31.22x-.--% 92.83B
148.53x8.7x22.21x-.--% 76.75B
38.44x2.04x16.04x-.--% 70.38B
114.48x5.02x24.56x-.--% 43.92B
21.49x4.06x11.2x1.32% 32.7B
24.39x4.15x9.61x-.--% 29.51B
Average 108.77x 11.61x 29.85x 0.21% 444.77B
Weighted average by Cap. 46.89x 12.42x 22.10x 0.67%

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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