MTLS - Materialise N.V.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$10.00
DETAILS
HIGH:
$10.00
LOW:
$10.00
MEDIAN:
$10.00
CONSENSUS:
$10.00
UPSIDE:
69.49%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 257.1 | 266.8 | 256.1 | 232.0 | 205.4 | 170.4 | 196.7 | 184.7 | 142.6 | 114.5 | 102.0 | 81.4 | 68.7 | 59.1 |
| Cost of Revenue | 110.2 | 115.9 | 111.0 | 103.3 | 87.3 | 76.4 | 87.1 | 82.3 | 62.8 | 46.7 | 43.0 | 32.4 | 27.2 | 23.8 |
| Gross Profit | 146.9 | 150.8 | 145.1 | 128.8 | 118.2 | 94.0 | 109.6 | 102.4 | 79.8 | 67.8 | 59.1 | 49.0 | 41.5 | 35.3 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 44.3 | 44.4 | 38.1 | 37.6 | 26.9 | 27.1 | 23.3 | 22.4 | 20.0 | 17.7 | 18.2 | 15.1 | 10.6 | 9.4 |
| SG&A Expenses | 96.3 | 101.2 | 94.9 | 93.0 | 77.6 | 69.6 | 84.6 | 78.6 | 64.6 | 56.2 | 51.9 | 39.2 | 30.1 | 26.9 |
| Other Expenses | 1.4 | (4.2) | 6.5 | 1.1 | 1.5 | 1.9 | (5.3) | (3.8) | (2.5) | (3.4) | (5.3) | (4.4) | (3.4) | (3.2) |
| Operating Expenses | 142.0 | 141.4 | 139.5 | 131.6 | 106.0 | 98.6 | 102.7 | 97.3 | 78.9 | 67.7 | 63.0 | 48.6 | 37.2 | 33.1 |
| Operating Income | ||||||||||||||
| Operating Income | 4.9 | 9.4 | 5.6 | (2.9) | 12.2 | (4.6) | 6.9 | 3.9 | 0.9 | 0.1 | (3.9) | 0.3 | 4.4 | 2.1 |
| Interest Expense | 5.4 | 1.6 | 2.1 | 2.9 | 3.4 | 3.4 | 3.2 | 4.9 | 4.7 | 2.4 | 2.5 | 1.1 | 0.6 | 0.6 |
| Interest Income | 3.8 | 4.3 | 4.5 | 1.4 | 0.8 | 0.5 | 0 | 3.6 | 3.2 | 2.0 | 3.5 | 3.2 | 0.1 | 0.1 |
| Profitability | ||||||||||||||
| EBITDA | 25.8 | 31.2 | 30.1 | 23.4 | 36.7 | 13.8 | 19.7 | 22.5 | 12.0 | 7.7 | 4.1 | 7.4 | 7.2 | 5.1 |
| EBIT | 4.9 | 9.4 | 8.5 | 0.9 | 16.2 | (5.9) | 7.1 | 5.2 | (0.6) | (0.6) | (2.6) | 2.9 | 4.0 | 2.2 |
| Income Before Tax | 7.0 | 14.1 | 6.8 | (1.2) | 13.7 | (8.2) | 4.2 | 3.5 | (1.1) | (1.3) | (3.2) | 2.3 | 3.4 | 1.6 |
| Income Tax Expense | (0.4) | 0.7 | 0.1 | 1.0 | 0.6 | (1.0) | 2.6 | 0.4 | 0.5 | 1.7 | (0.4) | 0.4 | 0.0 | 0.1 |
| Net Income | 7.4 | 13.4 | 6.7 | (2.1) | 13.2 | (7.0) | 1.6 | 3.0 | (1.7) | (3.0) | (2.8) | 2.1 | 3.5 | 1.6 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.13 | 0.23 | 0.11 | -0.04 | 0.24 | -0.14 | 0.03 | 0.06 | -0.04 | -0.06 | -0.06 | 0.05 | 0.09 | 0.04 |
| EPS (Diluted) | 0.13 | 0.23 | 0.11 | -0.04 | 0.24 | -0.14 | 0.03 | 0.06 | -0.04 | -0.06 | -0.06 | 0.05 | 0.09 | 0.04 |
| Shares Outstanding | 59.1 | 59.1 | 59.1 | 59.1 | 56.7 | 53.4 | 52.9 | 49.8 | 47.3 | 47.3 | 46.8 | 43.1 | 39.1 | 39.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 133.9 | 102.3 | 127.6 | 140.9 | 196.0 | 136.5 | 144.7 | 115.5 | 43.2 | 55.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 54.9 | 53.1 | 52.7 | 54.7 | 45.2 | 44.4 | 52.7 | 36.9 | 42.5 | 31.6 |
| Inventory | 14.9 | 17.0 | 17.0 | 15.4 | 10.8 | 12.3 | 14.3 | 10.0 | 11.6 | 7.9 |
| Other Current Assets | 19.8 | 18.2 | 9.2 | 5.4 | 5.7 | 0 | 0 | 43.8 | 44.8 | 32.0 |
| Total Current Assets | 223.5 | 190.5 | 206.5 | 216.4 | 257.8 | 193.2 | 211.7 | 169.3 | 99.6 | 97.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 118.2 | 119.1 | 103.5 | 102.7 | 93.5 | 121.5 | 114.0 | 92.5 | 86.9 | 45.1 |
| Goodwill | 43.1 | 43.4 | 43.2 | 44.2 | 18.7 | 22.8 | 22.0 | 17.5 | 18.4 | 8.9 |
| Intangible Assets | 25.6 | 30.0 | 31.5 | 37.9 | 31.7 | 40.4 | 30.8 | 26.3 | 28.6 | 9.8 |
| Long-Term Investments | 0 | 4.0 | 3.7 | 3.8 | 4.0 | 12.3 | 6.7 | 2.7 | 0.0 | 0.4 |
| Other Non-Current Assets | 6.0 | 9.4 | 8.3 | 5.1 | 7.5 | 8.5 | 6.8 | 4.5 | 3.7 | 0 |
| Total Non-Current Assets | 197.0 | 205.8 | 190.2 | 194.8 | 155.6 | 205.6 | 180.6 | 143.9 | 138.0 | 64.4 |
| Total Assets | 420.5 | 396.3 | 396.6 | 411.3 | 413.4 | 398.8 | 392.2 | 313.2 | 237.5 | 161.9 |
| Current Liabilities | ||||||||||
| Account Payables | 20.1 | 23.3 | 21.2 | 23.2 | 20.2 | 21.7 | 20.8 | 18.7 | 15.7 | 13.4 |
| Short-Term Debt | 10.3 | 10.4 | 22.9 | 17.1 | 17.8 | 21.4 | 18.9 | 13.6 | 12.8 | 5.5 |
| Deferred Revenue | 43.5 | 0 | 0.1 | 41.7 | 33.3 | 36.2 | 31.0 | 23.2 | 18.8 | 17.8 |
| Other Current Liabilities | 17.2 | 62.9 | 43.3 | 1.0 | 0.9 | 9.2 | 8.3 | 27.8 | 20.7 | 19.4 |
| Total Current Liabilities | 91.8 | 102.2 | 105.0 | 106.1 | 91.4 | 103.3 | 94.3 | 73.1 | 64.3 | 47.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 52.8 | 23.2 | 33.6 | 55.9 | 72.6 | 110.7 | 117.5 | 92.4 | 81.8 | 28.3 |
| Deferred Tax Liabilities | 2.7 | 3.2 | 0 | 4.3 | 4.4 | 6.1 | 6.5 | 6.2 | 7.0 | 1.3 |
| Other Non-Current Liabilities | (2.6) | 0.9 | 16.2 | 1.6 | 0.7 | 0.5 | 0.8 | 11.7 | 7.8 | 1.7 |
| Total Non-Current Liabilities | 73.2 | 45.7 | 55.1 | 76.2 | 89.4 | 132.5 | 137.6 | 104.1 | 95.7 | 35.1 |
| Total Liabilities | 165.1 | 147.8 | 160.0 | 182.3 | 180.8 | 235.8 | 231.9 | 177.2 | 160.0 | 82.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 5.0 | 3.4 | 3.0 | 2.7 | 2.7 |
| Retained Earnings | 47.2 | 19 | 5.8 | (1.2) | 1.0 | (9.0) | (0.3) | (1.6) | (3.7) | (1.9) |
| Accumulated Other Comprehensive Income | 0 | (9.1) | (7.6) | (8.3) | (6.7) | (6.0) | (1.5) | (3.7) | (5.1) | (2.7) |
| Total Stockholders' Equity | 255.5 | 248.6 | 236.6 | 229.0 | 232.6 | 163.0 | 156.6 | 136.0 | 77.5 | 79.0 |
| Total Liabilities & Equity | 420.5 | 396.3 | 396.6 | 411.3 | 413.4 | 398.8 | 392.2 | 313.2 | 237.5 | 161.9 |
| Debt Metrics | ||||||||||
| Total Debt | 66.1 | 41.3 | 64.4 | 81.0 | 99.1 | 140.8 | 143.6 | 106.0 | 94.6 | 33.8 |
| Net Debt | (67.7) | (61.0) | (63.2) | (59.9) | (96.9) | 4.4 | (1.1) | (9.5) | 51.4 | (22.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 7.4 | 13.4 | 6.6 | (2.2) | 13.1 | (7.3) | 1.6 | 3.0 | (1.7) | (3.0) |
| Depreciation & Amortization | 20.8 | 21.8 | 21.6 | 22.6 | 20.5 | 19.7 | 19.3 | 17.3 | 12.6 | 8.4 |
| Stock-Based Compensation | 0 | 0.3 | 0.0 | (0.1) | (1.0) | 0.8 | 0.3 | 1.1 | 1.0 | 1.0 |
| Change in Working Capital | (8.5) | (1.4) | (12.6) | 1.0 | (5.9) | 12.5 | 3.7 | 5.3 | (3.6) | 0.1 |
| Other Non-Cash Items | 3.3 | (2.6) | 4.5 | 0.0 | (1.5) | 5.3 | 0.9 | 1.2 | 1.0 | 0.3 |
| Operating Cash Flow | 22.7 | 31.5 | 20.2 | 22.3 | 25.8 | 30.0 | 28.4 | 28.3 | 9.9 | 8.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (13.5) | (26.4) | (11.8) | (24.8) | (11.7) | (17.6) | (15.7) | (20.1) | (32.0) | (14.6) |
| Acquisitions | 0.4 | (2.7) | 0 | (29.3) | (0.9) | (8.3) | (7.5) | (2.7) | (27.7) | 2.0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (0.3) | (0.3) | (2.7) | (0.5) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | (5.8) | 0 | (1.8) | 0 | 0 |
| Other Investing Activities | 5.9 | (1.3) | (1.8) | (3.0) | (0.5) | 3.8 | (4.4) | 5.2 | 0.5 | 1.9 |
| Investing Cash Flow | (9.3) | (28.6) | (11.0) | (53.9) | (13.1) | (28.3) | (25.6) | (22.1) | (59.2) | (12.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 23.0 | (26.4) | (20.3) | (21.1) | (18.1) | (17.4) | 11.6 | 10.6 | 39.5 | 10.0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (5.0) | (1.3) | (2.1) | (1.4) | 1.1 | (3.6) | (0.8) | (5.9) | (1.4) | (0.7) |
| Financing Cash Flow | 18.0 | (27.6) | (22.4) | (22.5) | 71.2 | (16.9) | 10.8 | 65.2 | 38.0 | 9.3 |
| Cash Position | ||||||||||
| Net Change in Cash | 43.7 | (25.3) | (13.3) | (55.2) | 84.5 | (17.4) | 13.4 | 72.3 | (12.7) | 5.2 |
| Cash at Beginning | 90.2 | 127.6 | 140.9 | 196.0 | 111.5 | 128.9 | 115.5 | 43.2 | 55.9 | 50.7 |
| Cash at End | 133.9 | 102.3 | 127.6 | 140.9 | 196.0 | 111.5 | 128.9 | 115.5 | 43.2 | 55.9 |
| Free Cash Flow | 9.1 | 5.1 | 8.4 | (2.5) | 14.1 | 12.3 | 12.7 | 8.2 | (22.1) | (6.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 257.1 | 266.8 | 256.1 | 232.0 | 205.4 | 170.4 | 196.7 | 184.7 | 142.6 | 114.5 | 102.0 | 81.4 | 68.7 | 59.1 |
| Gross Profit | 146.9 | 150.8 | 145.1 | 128.8 | 118.2 | 94.0 | 109.6 | 102.4 | 79.8 | 67.8 | 59.1 | 49.0 | 41.5 | 35.3 |
| Operating Income | 4.9 | 9.4 | 5.6 | (2.9) | 12.2 | (4.6) | 6.9 | 3.9 | 0.9 | 0.1 | (3.9) | 0.3 | 4.4 | 2.1 |
| Net Income | 7.4 | 13.4 | 6.7 | (2.1) | 13.2 | (7.0) | 1.6 | 3.0 | (1.7) | (3.0) | (2.8) | 2.1 | 3.5 | 1.6 |
| EPS (Diluted) | 0.13 | 0.23 | 0.11 | -0.04 | 0.24 | -0.14 | 0.03 | 0.06 | -0.04 | -0.06 | -0.06 | 0.05 | 0.09 | 0.04 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 133.9 | 102.3 | 127.6 | 140.9 | 196.0 | 136.5 | 144.7 | 115.5 | 43.2 | 55.9 | ||||
| Total Assets | 420.5 | 396.3 | 396.6 | 411.3 | 413.4 | 398.8 | 392.2 | 313.2 | 237.5 | 161.9 | ||||
| Total Debt | 66.1 | 41.3 | 64.4 | 81.0 | 99.1 | 140.8 | 143.6 | 106.0 | 94.6 | 33.8 | ||||
| Stockholders' Equity | 255.5 | 248.6 | 236.6 | 229.0 | 232.6 | 163.0 | 156.6 | 136.0 | 77.5 | 79.0 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 22.7 | 31.5 | 20.2 | 22.3 | 25.8 | 30.0 | 28.4 | 28.3 | 9.9 | 8.5 | ||||
| Capital Expenditure | (13.5) | (26.4) | (11.8) | (24.8) | (11.7) | (17.6) | (15.7) | (20.1) | (32.0) | (14.6) | ||||
| Free Cash Flow | 9.1 | 5.1 | 8.4 | (2.5) | 14.1 | 12.3 | 12.7 | 8.2 | (22.1) | (6.1) | ||||