Materialise N.V. (MTLS) Financial Ratios
14 years of historical data (2012–2025) · Technology · Software - Application
EV/EBITDA
↓
10.80
↓-43% vs avg
5yr avg: 19.04
30Y Low10.1·High77.3
P/FCF
↓
37.90
↓-42% vs avg
5yr avg: 65.03
30Y Low35.9·High123.6
P/B Ratio
↓
1.36
↓-47% vs avg
5yr avg: 2.54
30Y Low1.3·High17.8
ROE
↓
2.9%
-14% vs avg
5yr avg: 3.4%
30Y Low-4%·High23%
Debt/EBITDA
↓
2.56
↓-4% vs avg
5yr avg: 2.68
30Y Low1.3·High9.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MTLS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Materialise N.V. trades at 45.1x earnings, 22% below its 5-year average of 58.1x, sitting at the 40th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 55%. On a free-cash-flow basis, the stock trades at 37.9x P/FCF, 42% below the 5-year average of 65.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $396M | $328M | $416M | $388M | $520M | $1.4B | $2.9B | $989M | $1.0B | $602M | $363M |
| Enterprise Value | $319M | $260M | $355M | $325M | $460M | $1.3B | $2.9B | $987M | $1.0B | $653M | $341M |
| P/E Ratio → | 45.10 | 42.69 | 30.61 | 59.73 | — | 99.46 | — | 624.91 | 335.51 | — | — |
| P/S Ratio | 1.35 | 1.28 | 1.56 | 1.52 | 2.24 | 6.60 | 16.97 | 5.03 | 5.50 | 4.22 | 3.17 |
| P/B Ratio | 1.36 | 1.28 | 1.67 | 1.64 | 2.27 | 5.83 | 17.75 | 6.17 | 7.47 | 7.76 | 4.60 |
| P/FCF | 37.90 | 35.87 | 81.93 | 46.23 | — | 96.09 | 234.70 | 77.61 | 123.61 | — | — |
| P/OCF | 15.27 | 14.46 | 13.23 | 19.26 | 23.32 | 52.50 | 96.51 | 34.80 | 35.86 | 60.84 | 42.78 |
P/E links to full P/E history page with 30-year chart
MTLS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Materialise N.V.'s enterprise value stands at 10.8x EBITDA, 43% below its 5-year average of 19.0x. The Technology sector median is 16.7x, placing the stock at a 35% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.01 | 1.33 | 1.27 | 1.98 | 6.13 | 17.00 | 5.02 | 5.45 | 4.58 | 2.98 |
| EV / EBITDA | 10.80 | 10.08 | 11.37 | 11.95 | 23.35 | 38.45 | 192.69 | 50.45 | 46.22 | 51.50 | 38.40 |
| EV / EBIT | 56.36 | 52.61 | 37.65 | 38.13 | 529.20 | 77.91 | — | 139.55 | 193.50 | — | — |
| EV / FCF | — | 28.46 | 69.91 | 38.71 | — | 89.22 | 235.05 | 77.52 | 122.46 | — | — |
MTLS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Materialise N.V. earns an operating margin of 1.9%. ROE of 2.9% is modest. ROIC of 2.0% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.1% | 57.1% | 56.5% | 56.7% | 55.5% | 57.5% | 55.2% | 55.7% | 55.4% | 56.0% | 59.2% |
| Operating Margin | 1.9% | 1.9% | 3.5% | 2.2% | -1.2% | 5.9% | -2.7% | 3.5% | 2.1% | 0.6% | 0.1% |
| Net Profit Margin | 2.9% | 2.9% | 5.0% | 2.6% | -0.9% | 6.4% | -4.1% | 0.8% | 1.6% | -1.2% | -2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.9% | 2.9% | 5.5% | 2.9% | -0.9% | 6.7% | -4.4% | 1.1% | 2.8% | -2.1% | -3.7% |
| ROA | 1.8% | 1.8% | 3.4% | 1.7% | -0.5% | 3.2% | -1.8% | 0.4% | 1.1% | -0.8% | -2.0% |
| ROIC | 2.0% | 2.0% | 3.9% | 2.5% | -1.4% | 6.0% | -2.1% | 3.6% | 2.3% | 0.7% | 0.1% |
| ROCE | 1.6% | 1.6% | 3.2% | 1.9% | -0.9% | 4.0% | -1.6% | 2.6% | 1.9% | 0.6% | 0.1% |
MTLS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Materialise N.V. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (13% below the sector average of 2.9x). The company holds a net cash position — cash of $134M exceeds total debt of $66M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.17 | 0.27 | 0.35 | 0.43 | 0.86 | 0.90 | 0.78 | 1.22 | 0.43 |
| Debt / EBITDA | 2.56 | 2.56 | 1.32 | 2.37 | 4.11 | 3.02 | 9.37 | 7.34 | 4.87 | 7.46 | 3.80 |
| Net Debt / Equity | — | -0.27 | -0.25 | -0.27 | -0.26 | -0.42 | 0.03 | -0.01 | -0.07 | 0.66 | -0.28 |
| Net Debt / EBITDA | -2.63 | -2.63 | -1.95 | -2.32 | -3.04 | -2.96 | 0.29 | -0.05 | -0.43 | 4.05 | -2.49 |
| Debt / FCF | — | -7.41 | -12.01 | -7.52 | — | -6.86 | 0.35 | -0.08 | -1.15 | — | — |
| Interest Coverage | 0.92 | 0.92 | 5.72 | 4.08 | 0.30 | 4.81 | -1.73 | 2.22 | 1.07 | -0.12 | -0.26 |
Net cash position: cash ($134M) exceeds total debt ($66M)
MTLS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Materialise N.V.'s current ratio of 2.43x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.97x to 2.43x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.43 | 2.43 | 1.86 | 1.97 | 2.04 | 2.82 | 1.87 | 2.24 | 2.32 | 1.55 | 2.04 |
| Quick Ratio | 2.27 | 2.27 | 1.70 | 1.80 | 1.89 | 2.70 | 1.75 | 2.09 | 2.18 | 1.37 | 1.87 |
| Cash Ratio | 1.46 | 1.46 | 1.00 | 1.22 | 1.33 | 2.14 | 1.32 | 1.53 | 1.58 | 0.67 | 1.17 |
| Asset Turnover | — | 0.61 | 0.67 | 0.65 | 0.56 | 0.50 | 0.43 | 0.50 | 0.59 | 0.60 | 0.71 |
| Inventory Turnover | 7.39 | 7.39 | 6.82 | 6.52 | 6.69 | 8.08 | 6.22 | 6.11 | 8.24 | 5.42 | 5.93 |
| Days Sales Outstanding | — | 77.97 | 72.59 | 75.10 | 86.12 | 80.35 | 95.16 | 97.83 | 72.89 | 108.81 | 100.86 |
MTLS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Materialise N.V. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 2.3% | 3.3% | 1.7% | — | 1.0% | — | 0.2% | 0.3% | — | — |
| FCF Yield | 2.6% | 2.8% | 1.2% | 2.2% | — | 1.0% | 0.4% | 1.3% | 0.8% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $59M | $59M | $59M | $59M | $57M | $53M | $54M | $51M | $47M | $47M |
Peer Comparison
Compare MTLS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MTLSYou | $396M | 45.1 | 10.8 | 37.9 | 57.1% | 1.9% | 2.9% | 2.0% | 2.6 |
 SSYS | $769M | -7.0 | — | — | 47.0% | -10.7% | -12.7% | -5.8% | — |
 DDD | $525M | 18.8 | — | — | 33.5% | -22.5% | 14.2% | -21.8% | — |
 NNDM | $282M | -1.0 | — | — | 33.5% | -89.0% | -41.6% | -15.0% | — |
 XMTR | $5B | -76.5 | — | — | 39.1% | -6.6% | -20.9% | -5.7% | — |
 PTC | $14B | 18.9 | 13.3 | 15.9 | 83.8% | 35.9% | 20.9% | 14.9% | 1.2 |
 CDNS | $107B | 95.4 | 56.5 | 67.4 | 86.4% | 31.1% | 21.9% | 25.9% | 1.3 |
 PRLB | $2B | 92.1 | 30.4 | 32.3 | 44.5% | 4.9% | 3.2% | 3.4% | 0.1 |
 XRAY | $2B | -3.4 | 7.0 | 19.9 | 50.0% | 6.8% | -36.4% | 5.1% | 4.1 |
 ALGN | $13B | 32.2 | 15.2 | 26.6 | 68.3% | 15.3% | 10.4% | 15.4% | 0.1 |
 NVDA | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
MTLS — Frequently Asked Questions
Quick answers to the most common questions about buying MTLS stock.
What is Materialise N.V.'s P/E ratio?
Materialise N.V.'s current P/E ratio is 45.1x. The historical average is 84.6x. This places it at the 40th percentile of its historical range.
What is Materialise N.V.'s EV/EBITDA?
Materialise N.V.'s current EV/EBITDA is 10.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.9x.
What is Materialise N.V.'s ROE?
Materialise N.V.'s return on equity (ROE) is 2.9%. The historical average is 3.3%.
Is MTLS stock overvalued?
Based on historical data, Materialise N.V. is trading at a P/E of 45.1x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Materialise N.V.'s profit margins?
Materialise N.V. has 57.1% gross margin and 1.9% operating margin.
How much debt does Materialise N.V. have?
Materialise N.V.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.