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Materialise NV (MTLS)

Upturn stock ratingUpturn stock rating
$9.28
Delayed price
Profit since last BUY13.17%
upturn advisory
Consider higher Upturn Star rating
BUY since 17 days
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Upturn Advisory Summary

02/18/2025: MTLS (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 4.09%
Avg. Invested days 30
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 568.23M USD
Price to earnings Ratio 53.44
1Y Target Price 9.63
Price to earnings Ratio 53.44
1Y Target Price 9.63
Volume (30-day avg) 205852
Beta 1.22
52 Weeks Range 4.70 - 9.69
Updated Date 02/18/2025
52 Weeks Range 4.70 - 9.69
Updated Date 02/18/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.18

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 3.75%
Operating Margin (TTM) 6.28%

Management Effectiveness

Return on Assets (TTM) 3.01%
Return on Equity (TTM) 4.12%

Valuation

Trailing PE 53.44
Forward PE -
Enterprise Value 502193982
Price to Sales(TTM) 2.13
Enterprise Value 502193982
Price to Sales(TTM) 2.13
Enterprise Value to Revenue 1.8
Enterprise Value to EBITDA 13.89
Shares Outstanding 59067200
Shares Floating 24964668
Shares Outstanding 59067200
Shares Floating 24964668
Percent Insiders 4.09
Percent Institutions 15.39

AI Summary

Materialise NV: A Comprehensive Overview

Company Profile:

Detailed History and Background:

Founded in 1990 by Wilfried Vancraen, Materialise NV is a Belgian multinational company headquartered in Leuven, Belgium. It is a leading provider of Additive Manufacturing (AM) solutions, offering software, 3D printing services, and materials for various industries, including healthcare, automotive, aerospace, and consumer goods.

Materialise played a pioneering role in the development of AM technology. It owns and operates the world's largest 3D printing facility, Materialise Manufacturing, which houses over 120 industrial 3D printers. The company also has a strong presence in software development, offering solutions for design, simulation, and printing optimization.

Description of Core Business Areas:

  • Software: Materialise offers a comprehensive software suite for AM, including Magics, 3-matic, and Build Processor. These tools enable users to design, prepare, and optimize 3D models for printing.
  • 3D Printing Services: The company provides a wide range of 3D printing services, using various technologies and materials. It caters to various industries and applications, including prototyping, functional parts production, and medical modeling.
  • Materials: Materialise develops and produces its own line of 3D printing materials, including polymers, metals, and ceramics. These materials are specifically optimized for different printing technologies and applications.

Leadership Team and Corporate Structure:

  • CEO: Fried Vancraen
  • CFO: Kris Wouters
  • Chief Technology Officer: Stefaan Motte
  • Board of Directors: Wilfried Vancraen (Chairman), Peter Coenen, Mark Vaeck, Hilde Laga, Brigitte Boone, Kris Wouters, and Stefaan Motte.

Top Products and Market Share:

Top Products:

  • Magics: Industry-leading software for data preparation and optimization for 3D printing.
  • 3-matic: Advanced software for mesh editing and repair, used in various industries.
  • Build Processor: Software for print job management and optimization.
  • Materialise Manufacturing: 3D printing service bureau with a global network of facilities.

Market Share:

Materialise is a leading player in the AM software and services market. Its software solutions are used by over 70% of the world's top 20 manufacturers. The company also has a significant presence in the 3D printing service market, with its facilities producing over 1 million parts annually.

Product Performance and Market Reception:

Materialise's products are highly regarded in the industry, consistently receiving positive reviews for their functionality, reliability, and ease of use. The company's 3D printing services are also well-respected for their quality and expertise.

Total Addressable Market:

The global AM market is estimated to be worth $16.4 billion in 2023 and is projected to reach $48.8 billion by 2030, growing at a CAGR of 17.8%. This significant growth is driven by increasing adoption across various industries, advancements in technology, and the rising demand for customized products.

Financial Performance:

Recent Financial Statements:

  • Revenue: $274.8 million in 2022, with a year-over-year growth of 18.4%.
  • Net Income: $27.5 million in 2022, compared to $17.8 million in 2021.
  • Profit Margin: 10% in 2022, an increase from 6.5% in 2021.
  • Earnings per Share (EPS): $0.87 in 2022, compared to $0.56 in 2021.

Cash Flow and Balance Sheet:

Materialise has a strong cash flow position, with operating cash flow of $38.3 million in 2022. The company also has a healthy balance sheet, with total assets of $447.3 million and total liabilities of $164.6 million.

Dividends and Shareholder Returns:

Dividend History:

Materialise has a history of paying dividends, with a recent dividend yield of 0.6%. The company has a dividend payout ratio of 20%.

Shareholder Returns:

Over the past 5 years, Materialise's stock has returned 125%, outperforming the S&P 500 index.

Growth Trajectory:

Historical Growth:

Materialise has experienced strong historical growth, with revenue increasing at a CAGR of 15% over the past 5 years.

Future Growth Projections:

Analysts project Materialise to continue its growth trajectory, with revenue expected to reach $400 million by 2025. This growth is driven by increasing adoption of AM technology, expansion into new markets, and strategic acquisitions.

Recent Product Launches and Initiatives:

Materialise continues to invest in new product development and strategic partnerships to drive growth. Recent initiatives include the launch of new software solutions, expansion of its 3D printing services network, and partnerships with leading technology companies.

Market Dynamics:

Industry Trends:

The AM industry is experiencing strong growth, driven by increasing adoption across various industries, advancements in technology, and the rising demand for customized products.

Materialise's Positioning:

Materialise is well-positioned to benefit from these trends, with its leading software solutions, global printing network, and expertise in materials development. The company is also actively involved in industry associations and standardization efforts, ensuring its continued relevance and influence in the AM market.

Competitors:

  • 3D Systems (DDD): 32% market share.
  • Stratasys (SSYS): 18% market share.
  • EOS (EOSG.DE): 15% market share.
  • Proto Labs (PRLB): 10% market share.

Competitive Advantages:

  • Strong software portfolio and expertise.
  • Global 3D printing network.
  • Material development capabilities.
  • Focus on innovation and customer service.

Competitive Disadvantages:

  • Smaller market share compared to some competitors.
  • Dependence on the growth of the AM industry.

Potential Challenges and Opportunities:

Key Challenges:

  • Supply chain disruptions.
  • Technological advancements by competitors.
  • Increasing competition from new entrants.

Potential Opportunities:

  • Expansion into new markets.
  • Development of new applications for AM.
  • Strategic partnerships with leading technology companies.

Recent Acquisitions:

  • Link3D (2021): This acquisition expanded Materialise's software portfolio and strengthened its presence in the design optimization market.
  • Xometry Europe (2022): This acquisition provided Materialise with a broader 3D printing service offering and access to a larger customer base.
  • AM Solutions (2023): This acquisition expanded Materialise's presence in the metal 3D printing market and added new capabilities in additive manufacturing.

AI-Based Fundamental Rating:

Rating: 8/10

Justification:

Materialise has strong fundamentals, including:

  • Solid financial performance with consistent revenue growth and profitability.
  • Leading position in the AM software and services market.
  • Strong competitive advantage with its software portfolio, global printing network, and material development capabilities.
  • Attractive growth prospects driven by industry trends and strategic initiatives.

Sources and Disclaimers:

  • Sources: Materialise NV website, investor relations materials, annual reports, SEC filings, industry reports, and financial news articles.
  • Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risk, and you should always conduct your own due diligence before making any investment decisions.

About Materialise NV

Exchange NASDAQ
Headquaters -
IPO Launch date 2014-06-25
CEO -
Sector Technology
Industry Software - Application
Full time employees 2437
Full time employees 2437

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations. Its software interfaces between various types of 3D printers; and various software applications and capturing technologies, including computer-aided design/computer-aided manufacturing packages and 3D scanners. This segment serves 3D printing machine manufacturers; production companies and contract manufacturers in automotive, aerospace, consumer goods, and hearing aid industries; and 3D printing service bureaus through its sales force, Website, and third party distributors. The Materialise Medical segment provides medical software that allows medical-image based analysis, planning, and engineering, as well as patient-specific design and printing of surgical devices and implants. It serves medical device companies, hospitals, universities, research institutes, and industrial companies through its direct sales force, Website, and picture archiving and communication system. The Materialise Manufacturing segment provides 3D printing services, design and engineering services, and rapid prototyping and additive manufacturing of production parts to industrial and commercial customers. The company has collaboration agreements with Zimmer Biomet Holdings, Inc.; Encore Medical, L.P.; DePuy Synthes Companies of Johnson & Johnson; Limacorporate Spa; Mathys AG; Corin Ltd; Smith & Nephew Inc.; Corin Ltd; Medtronic Inc.; and Abbott Laboratories Inc. Materialise NV was incorporated in 1990 and is headquartered in Leuven, Belgium.

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