Company Valuation: Materialise NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,234 486.3 350.8 401.7 279.2 330.3 - -
Change - -60.57% -27.86% 14.49% -30.49% 18.29% - -
Enterprise Value (EV) 1 1,128 418.4 287.6 340.6 208.4 243.3 235.2 212.7
Change - -62.91% -31.25% 18.42% -38.82% 16.72% -3.31% -9.57%
P/E 91.3x -206x 54x 29.6x 36.4x 27.7x 20.5x 14.7x
PBR 5.12x 2.12x 1.48x 1.62x 1.09x 1.26x 1.24x 1.13x
PEG - 2x -0x 0x -0.8x 0.5x 0.6x 0.4x
Capitalization / Revenue 6x 2.1x 1.37x 1.51x 1.04x 1.2x 1.13x 1.06x
EV / Revenue 5.49x 1.8x 1.12x 1.28x 0.78x 0.89x 0.81x 0.68x
EV / EBITDA 34.7x 22x 9.16x 10.8x 6.43x 6.55x 5.22x 4.01x
EV / EBIT 92.3x -146x 51.2x 36.1x 23.3x 20.5x 12.9x 7.25x
EV / FCF 79.9x -168x 34.3x 67.1x 23x 25.3x 15.3x 10.6x
FCF Yield 1.25% -0.59% 2.92% 1.49% 4.35% 3.95% 6.55% 9.45%
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 5.669 5.669 5.669
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.($)
27.68x0.89x6.55x-.--% 377M
22.52x8.63x14.29x0.94% 2,900B
92.34x37.21x62.21x-.--% 299B
118.18x37.72x119.3x0.15% 122B
74.92x15.06x32.83x-.--% 92.95B
443.94x19.04x76.56x-.--% 87.48B
139.97x8.24x21.04x-.--% 72.3B
34.9x1.83x14.33x-.--% 64.24B
118.57x4.97x24.59x-.--% 43.37B
-33.37x4.37x20.94x-.--% 35.54B
Average 103.96x 13.80x 39.26x 0.11% 371.6B
Weighted average by Cap. 45.58x 12.07x 23.82x 0.74%

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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