13 years of historical data (2012–2024) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Materialise N.V. trades at 19.1x earnings, 70% below its 5-year average of 63.3x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 24%. On a free-cash-flow basis, the stock trades at 51.0x P/FCF, 56% below the 5-year average of 114.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $305M | $416M | $388M | $520M | $1.4B | $2.9B | $989M | $1.0B | $602M | $363M | $333M |
| Enterprise Value | $233M | $355M | $325M | $460M | $1.3B | $2.9B | $987M | $1.0B | $653M | $341M | $304M |
| P/E Ratio → | 19.09 | 30.61 | 59.73 | — | 99.46 | — | 624.91 | 335.51 | — | — | — |
| P/S Ratio | 0.97 | 1.56 | 1.52 | 2.24 | 6.60 | 16.97 | 5.03 | 5.50 | 4.22 | 3.17 | 3.27 |
| P/B Ratio | 1.04 | 1.67 | 1.64 | 2.27 | 5.83 | 17.75 | 6.17 | 7.47 | 7.76 | 4.60 | 4.02 |
| P/FCF | 50.98 | 81.93 | 46.23 | — | 96.09 | 234.70 | 77.61 | 123.61 | — | — | — |
| P/OCF | 8.23 | 13.23 | 19.26 | 23.32 | 52.50 | 96.51 | 34.80 | 35.86 | 60.84 | 42.78 | 90.92 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Materialise N.V.'s enterprise value stands at 6.3x EBITDA, 89% below its 5-year average of 55.6x. The Technology sector median is 15.7x, placing the stock at a 60% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.33 | 1.27 | 1.98 | 6.13 | 17.00 | 5.02 | 5.45 | 4.58 | 2.98 | 2.98 |
| EV / EBITDA | 6.33 | 11.37 | 11.95 | 23.35 | 38.45 | 192.69 | 50.45 | 46.22 | 51.50 | 38.40 | 107.79 |
| EV / EBIT | 20.98 | 37.65 | 38.13 | 529.20 | 77.91 | — | 139.55 | 193.50 | — | — | — |
| EV / FCF | — | 69.91 | 38.71 | — | 89.22 | 235.05 | 77.52 | 122.46 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Materialise N.V. earns an operating margin of 3.5%. Operating margins have expanded from -1.2% to 3.5% over the past 3 years, signaling improving operational efficiency. ROE of 5.5% is modest. ROIC of 3.9% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.5% | 56.5% | 56.7% | 55.5% | 57.5% | 55.2% | 55.7% | 55.4% | 56.0% | 59.2% | 57.9% |
| Operating Margin | 3.5% | 3.5% | 2.2% | -1.2% | 5.9% | -2.7% | 3.5% | 2.1% | 0.6% | 0.1% | -3.8% |
| Net Profit Margin | 5.0% | 5.0% | 2.6% | -0.9% | 6.4% | -4.1% | 0.8% | 1.6% | -1.2% | -2.6% | -2.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 5.5% | 2.9% | -0.9% | 6.7% | -4.4% | 1.1% | 2.8% | -2.1% | -3.7% | -3.3% |
| ROA | 3.4% | 3.4% | 1.7% | -0.5% | 3.2% | -1.8% | 0.4% | 1.1% | -0.8% | -2.0% | -2.0% |
| ROIC | 3.9% | 3.9% | 2.5% | -1.4% | 6.0% | -2.1% | 3.6% | 2.3% | 0.7% | 0.1% | -5.6% |
| ROCE | 3.2% | 3.2% | 1.9% | -0.9% | 4.0% | -1.6% | 2.6% | 1.9% | 0.6% | 0.1% | -3.8% |
Solvency and debt-coverage ratios — lower is generally safer
Materialise N.V. carries a Debt/EBITDA ratio of 1.3x, which is manageable (55% below the sector average of 3.0x). The company holds a net cash position — cash of $102M exceeds total debt of $41M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 5.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.27 | 0.35 | 0.43 | 0.86 | 0.90 | 0.78 | 1.22 | 0.43 | 0.25 |
| Debt / EBITDA | 1.32 | 1.32 | 2.37 | 4.11 | 3.02 | 9.37 | 7.34 | 4.87 | 7.46 | 3.80 | 7.48 |
| Net Debt / Equity | — | -0.25 | -0.27 | -0.26 | -0.42 | 0.03 | -0.01 | -0.07 | 0.66 | -0.28 | -0.36 |
| Net Debt / EBITDA | -1.95 | -1.95 | -2.32 | -3.04 | -2.96 | 0.29 | -0.05 | -0.43 | 4.05 | -2.49 | -10.52 |
| Debt / FCF | — | -12.01 | -7.52 | — | -6.86 | 0.35 | -0.08 | -1.15 | — | — | — |
| Interest Coverage | 5.72 | 5.72 | 2.69 | -0.65 | 2.98 | -0.77 | 1.88 | 0.81 | 0.18 | 0.04 | -1.57 |
Net cash position: cash ($102M) exceeds total debt ($41M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.86x means Materialise N.V. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.04x to 1.86x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.86 | 1.86 | 1.97 | 2.04 | 2.82 | 1.87 | 2.24 | 2.32 | 1.55 | 2.04 | 2.09 |
| Quick Ratio | 1.70 | 1.70 | 1.80 | 1.89 | 2.70 | 1.75 | 2.09 | 2.18 | 1.37 | 1.87 | 1.96 |
| Cash Ratio | 1.00 | 1.00 | 1.22 | 1.33 | 2.14 | 1.32 | 1.53 | 1.58 | 0.67 | 1.17 | 1.26 |
| Asset Turnover | — | 0.67 | 0.65 | 0.56 | 0.50 | 0.43 | 0.50 | 0.59 | 0.60 | 0.71 | 0.71 |
| Inventory Turnover | 6.82 | 6.82 | 6.52 | 6.69 | 8.08 | 6.22 | 6.11 | 8.24 | 5.42 | 5.93 | 7.98 |
| Days Sales Outstanding | — | 72.59 | 75.10 | 86.12 | 80.35 | 95.16 | 97.83 | 72.89 | 108.81 | 100.86 | 81.71 |
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 5.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 3.3% | 1.7% | — | 1.0% | — | 0.2% | 0.3% | — | — | — |
| FCF Yield | 2.0% | 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 | $57M | $53M | $54M | $51M | $47M | $47M | $47M |
Compare MTLS with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MTLSYou | $305M | 19.1 | 6.3 | 51.0 | 56.5% | 3.5% | 5.5% | 3.9% | 1.3 |
| CDNS | $82B | 74.2 | 43.4 | 51.6 | 85.6% | 31.1% | 21.9% | 25.9% | 1.3 |
| ADSK | $53B | 47.0 | 33.7 | 21.8 | 96.8% | 23.3% | 39.7% | 33.3% | 1.7 |
| PTC | $19B | 25.8 | 17.8 | 21.8 | 83.8% | 35.9% | 20.9% | 14.9% | 1.2 |
| BSY | $11B | 43.0 | 33.7 | 21.2 | 81.5% | 24.1% | 24.9% | 11.4% | 3.5 |
| FIG | $2B | -7.9 | — | 9.7 | 82.4% | -122.2% | -88.2% | -95.3% | — |
| PDFS | $1B | 337.8 | 310.7 | — | 69.8% | -0.3% | 1.7% | -0.3% | 1.3 |
| SVCO | $103M | -2.2 | — | — | 79.8% | -67.5% | -72.0% | -66.3% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonMaterialise N.V.'s current P/E ratio is 19.1x. The historical average is 95.0x.
Materialise N.V.'s current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 38.8x.
Materialise N.V.'s return on equity (ROE) is 5.5%. The historical average is 3.3%.
Based on historical data, Materialise N.V. is trading at a P/E of 19.1x. Compare with industry peers and growth rates for a complete picture.
Materialise N.V. has 56.5% gross margin and 3.5% operating margin.
Materialise N.V.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.