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Materialise NV(MTLS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MTLS
10/09/2026: MTLS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Materialise NV is a Belgium-based provider of 3D printing software and specialized manufacturing services. The company has a leading position in medical image processing and platform-agnostic additive manufacturing software, which provides a key competitive advantage over hardware-tied rivals. The investment story centers on the growing adoption of personalized medicine and digital industrial manufacturing. However, investors must monitor risks related to its exposure to industrial CAPEX cycles, high R&D intensity, and the potential for hardware manufacturers to bundle proprietary software. This stock generally suits long-term growth-oriented investors who understand the technological volatility and regulatory complexities inherent in the 3D printing sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Materialise operates in the high-growth additive manufacturing sector with a scalable software model. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit high volatility associated with tech and industrial sector trends. |
| Value investor | Weak fit | The stock is often priced for future growth rather than current earnings multiples. |
| Dividend investor | Weak fit | The company does not pay a dividend, focusing all capital on R&D and growth. |
| Low-risk investor | Weak fit | High inherent volatility in the 3D printing industry makes this unsuitable for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to swings in market sentiment regarding additive manufacturing adoption. |
| Valuation risk | Medium / high | Trading at growth multiples requires sustained execution and market expansion. |
| Competition risk (Software and Industrial AM) | Medium | OEMs and other software providers are constantly improving native capabilities. |
| Business quality | Medium | High R&D requirements and long sales cycles in medical markets impact immediate profitability. |
| Dividend income | Low / none | There is no income component to the investment thesis. |
| Execution risk | Medium | The company must successfully navigate strict regulatory environments while scaling its production services. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -15.2% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 483.60M USD | Price to earnings Ratio 30 | 1Y Target Price 8.8 |
Price to earnings Ratio 30 | 1Y Target Price 8.8 | ||
Volume (30-day avg) 210.2K shares | Beta 1.33 | 52 Weeks Range 4.78 - 8.82 | Updated Date 10/09/2026 |
52 Weeks Range 4.78 - 8.82 | Updated Date 10/09/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.28 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Software | Magics and Mimics software licensing and maintenance fees. | This is the 'picks and shovels' part of the business, selling the tools others use to build 3D parts. |
| Medical | Patient-specific guides, implants, and planning services. | This is a high-barrier-to-entry, high-value segment focusing on personalized healthcare. |
| Manufacturing | Industrial 3D printing production services. | The company acts as a specialized factory, producing physical parts for industrial clients. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 30 | Forward PE 625 | Enterprise Value 370.89M | Price to Sales(TTM) 1.77 |
Enterprise Value 370.89M | Price to Sales(TTM) 1.77 | ||
Enterprise Value to Revenue 1.19 | Enterprise Value to EBITDA 8.4 | Shares Outstanding 57.57M | Shares Floating 23.04M |
Shares Outstanding 57.57M | Shares Floating 23.04M | ||
Percent Insiders 5.3 | Percent Institutions 14.26 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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