Company Valuation: Materialise NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,234 486.3 350.8 401.7 279.2 384.1 - -
Change - -60.57% -27.86% 14.49% -30.49% 37.56% - -
Enterprise Value (EV) 1 1,128 418.4 287.6 340.6 208.4 303.3 287.8 266.1
Change - -62.91% -31.25% 18.42% -38.82% 45.55% -5.13% -7.51%
P/E 91.3x -206x 54x 29.6x 36.4x 31.7x 23.6x 17.2x
PBR 5.12x 2.12x 1.48x 1.62x 1.09x 1.62x 1.52x 1.36x
PEG - 2x -0x 0x -0.8x 0.5x 0.7x 0.5x
Capitalization / Revenue 6x 2.1x 1.37x 1.51x 1.04x 1.38x 1.3x 1.21x
EV / Revenue 5.49x 1.8x 1.12x 1.28x 0.78x 1.09x 0.98x 0.84x
EV / EBITDA 34.7x 22x 9.16x 10.8x 6.43x 8.16x 6.62x 5.16x
EV / EBIT 92.3x -146x 51.2x 36.1x 23.3x 26.2x 16.5x 9.62x
EV / FCF 79.9x -168x 34.3x 67.1x 23x 20x 16.8x 12.3x
FCF Yield 1.25% -0.59% 2.92% 1.49% 4.35% 5.01% 5.94% 8.12%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.23 -0.04 0.11 0.23 0.13 0.2103 0.2826 0.387
Distribution rate - - - - - - - -
Net sales 1 205.4 232 256.1 266.8 267.6 278.3 294.8 318.4
EBITDA 1 32.5 19.01 31.4 31.48 32.39 37.16 43.47 51.58
EBIT 1 12.22 -2.872 5.619 9.432 8.936 11.57 17.41 27.68
Net income 1 13.15 -2.123 6.722 13.47 7.718 12.43 16.72 22.75
Net Debt 1 -105.5 -67.94 -63.18 -61.02 -70.8 -80.76 -96.33 -117.9
Reference price 2 20.989 8.234 5.939 6.800 4.727 6.673 6.673 6.673
Nbr of stocks (in thousands) 58,771 59,064 59,067 59,067 59,067 57,861 - -
Announcement Date 03/03/22 14/02/23 21/02/24 20/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.55x1.09x8.16x-.--% 443M
25.24x9.32x15.25x0.78% 3,691B
113.07x49.18x79.82x-.--% 415B
408.2x17.49x69.13x-.--% 82.68B
57.01x12.05x25.41x-.--% 75.45B
92.57x7.95x20.13x-.--% 70.46B
34.63x1.68x13.43x-.--% 62.87B
191.83x6.12x23.64x-.--% 48.05B
115.02x4.54x22.23x-.--% 39.62B
-34.35x4.9x27.84x-.--% 35.89B
Average 103.48x 11.43x 30.50x 0.08% 452.15B
Weighted average by Cap. 44.09x 12.93x 22.63x 0.64%

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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  4. Valuation Materialise NV
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