MELEXIS NV (MELE.BR) Stock Fundamental Analysis
EBR:MELE - BE0165385973 - Common Stock
66.8 EUR
+0.65 (+0.98%)
Overall MELE gets a fundamental rating of 6 out of 10. We evaluated MELE against 60 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making MELE a very profitable company, without any liquidiy or solvency issues. MELE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MELE was profitable.
MELE had a positive operating cash flow in the past year.
MELE had positive earnings in each of the past 5 years.
In the past 5 years MELE always reported a positive cash flow from operatings.
1.2 Ratios
MELE has a better Return On Assets (14.74%) than 83.33% of its industry peers.
MELE has a better Return On Equity (23.23%) than 78.33% of its industry peers.
MELE's Return On Invested Capital of 16.46% is fine compared to the rest of the industry. MELE outperforms 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MELE is significantly above the industry average of 13.83%.
The 3 year average ROIC (31.03%) for MELE is well above the current ROIC(16.46%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 23.23% | ||
| ROIC | 16.46% |
ROA(3y)25.78%
ROA(5y)24.35%
ROE(3y)36.37%
ROE(5y)32.97%
ROIC(3y)31.03%
ROIC(5y)28.48%
1.3 Margins
With a decent Profit Margin value of 15.42%, MELE is doing good in the industry, outperforming 61.67% of the companies in the same industry.
MELE's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 18.29%, MELE is doing good in the industry, outperforming 61.67% of the companies in the same industry.
MELE's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 40.24%, MELE is not doing good in the industry: 61.67% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of MELE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.29% | ||
| PM (TTM) | 15.42% | ||
| GM | 40.24% |
OM growth 3Y0.51%
OM growth 5Y8.98%
PM growth 3Y-3.36%
PM growth 5Y8.23%
GM growth 3Y0.09%
GM growth 5Y1.54%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MELE is creating value.
The number of shares outstanding for MELE remains at a similar level compared to 1 year ago.
MELE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MELE has a worse debt to assets ratio.
2.2 Solvency
MELE has an Altman-Z score of 7.83. This indicates that MELE is financially healthy and has little risk of bankruptcy at the moment.
MELE has a better Altman-Z score (7.83) than 68.33% of its industry peers.
MELE has a debt to FCF ratio of 2.40. This is a good value and a sign of high solvency as MELE would need 2.40 years to pay back of all of its debts.
MELE's Debt to FCF ratio of 2.40 is fine compared to the rest of the industry. MELE outperforms 61.67% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that MELE is not too dependend on debt financing.
MELE has a worse Debt to Equity ratio (0.38) than 61.67% of its industry peers.
Although MELE does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.4 | ||
| Altman-Z | 7.83 |
ROIC/WACC1.55
WACC10.59%
2.3 Liquidity
A Current Ratio of 4.54 indicates that MELE has no problem at all paying its short term obligations.
MELE has a Current ratio of 4.54. This is amongst the best in the industry. MELE outperforms 85.00% of its industry peers.
MELE has a Quick Ratio of 2.01. This indicates that MELE is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.01, MELE is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.54 | ||
| Quick Ratio | 2.01 |
3. Growth
3.1 Past
The earnings per share for MELE have decreased strongly by -36.82% in the last year.
MELE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.04% yearly.
The Revenue for MELE has decreased by -13.33% in the past year. This is quite bad
Measured over the past years, MELE shows a quite strong growth in Revenue. The Revenue has been growing by 13.89% on average per year.
EPS 1Y (TTM)-36.82%
EPS 3Y9.29%
EPS 5Y23.04%
EPS Q2Q%-22.31%
Revenue 1Y (TTM)-13.33%
Revenue growth 3Y13.16%
Revenue growth 5Y13.89%
Sales Q2Q%-13.89%
3.2 Future
The Earnings Per Share is expected to grow by 10.10% on average over the next years. This is quite good.
Based on estimates for the next years, MELE will show a small growth in Revenue. The Revenue will grow by 5.19% on average per year.
EPS Next Y-28.82%
EPS Next 2Y-2.97%
EPS Next 3Y4.96%
EPS Next 5Y10.1%
Revenue Next Year-10.75%
Revenue Next 2Y0.05%
Revenue Next 3Y3.5%
Revenue Next 5Y5.19%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MELE is valuated rather expensively with a Price/Earnings ratio of 20.49.
Compared to the rest of the industry, the Price/Earnings ratio of MELE indicates a somewhat cheap valuation: MELE is cheaper than 73.33% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.06. MELE is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 16.77, MELE is valued correctly.
MELE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MELE is cheaper than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.69, MELE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.49 | ||
| Fwd PE | 16.77 |
4.2 Price Multiples
MELE's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MELE indicates a somewhat cheap valuation: MELE is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.19 | ||
| EV/EBITDA | 13.81 |
4.3 Compensation for Growth
MELE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.89
EPS Next 2Y-2.97%
EPS Next 3Y4.96%
5. Dividend
5.1 Amount
MELE has a Yearly Dividend Yield of 3.92%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.29, MELE pays a better dividend. On top of this MELE pays more dividend than 100.00% of the companies listed in the same industry.
MELE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.92% |
5.2 History
On average, the dividend of MELE grows each year by 10.98%, which is quite nice.
Dividend Growth(5Y)10.98%
Div Incr Years3
Div Non Decr Years6
5.3 Sustainability
MELE pays out 112.64% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MELE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP112.64%
EPS Next 2Y-2.97%
EPS Next 3Y4.96%
EBR:MELE (9/5/2025, 7:00:00 PM)
66.8
+0.65 (+0.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners15.6%
Inst Owner ChangeN/A
Ins Owners25.01%
Ins Owner ChangeN/A
Market Cap2.70B
Analysts77.78
Price Target76.73 (14.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.92% |
Yearly Dividend3.7
Dividend Growth(5Y)10.98%
DP112.64%
Div Incr Years3
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)19.96%
Min EPS beat(2)-2.47%
Max EPS beat(2)42.38%
EPS beat(4)1
Avg EPS beat(4)-0.06%
Min EPS beat(4)-38.45%
Max EPS beat(4)42.38%
EPS beat(8)3
Avg EPS beat(8)-0.67%
EPS beat(12)6
Avg EPS beat(12)0.27%
EPS beat(16)10
Avg EPS beat(16)4.23%
Revenue beat(2)1
Avg Revenue beat(2)0.71%
Min Revenue beat(2)-1.87%
Max Revenue beat(2)3.28%
Revenue beat(4)1
Avg Revenue beat(4)-1.66%
Min Revenue beat(4)-5.22%
Max Revenue beat(4)3.28%
Revenue beat(8)1
Avg Revenue beat(8)-1.74%
Revenue beat(12)3
Avg Revenue beat(12)-1.22%
Revenue beat(16)6
Avg Revenue beat(16)-0.6%
PT rev (1m)5.08%
PT rev (3m)22.5%
EPS NQ rev (1m)-9.48%
EPS NQ rev (3m)-20.85%
EPS NY rev (1m)-4.3%
EPS NY rev (3m)-4.3%
Revenue NQ rev (1m)-2.06%
Revenue NQ rev (3m)-2.03%
Revenue NY rev (1m)0.78%
Revenue NY rev (3m)0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.49 | ||
| Fwd PE | 16.77 | ||
| P/S | 3.16 | ||
| P/FCF | 29.19 | ||
| P/OCF | 20.47 | ||
| P/B | 4.76 | ||
| P/tB | 4.77 | ||
| EV/EBITDA | 13.81 |
EPS(TTM)3.26
EY4.88%
EPS(NY)3.98
Fwd EY5.96%
FCF(TTM)2.29
FCFY3.43%
OCF(TTM)3.26
OCFY4.89%
SpS21.17
BVpS14.05
TBVpS14.02
PEG (NY)N/A
PEG (5Y)0.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.74% | ||
| ROE | 23.23% | ||
| ROCE | 19.8% | ||
| ROIC | 16.46% | ||
| ROICexc | 17.17% | ||
| ROICexgc | 17.2% | ||
| OM | 18.29% | ||
| PM (TTM) | 15.42% | ||
| GM | 40.24% | ||
| FCFM | 10.81% |
ROA(3y)25.78%
ROA(5y)24.35%
ROE(3y)36.37%
ROE(5y)32.97%
ROIC(3y)31.03%
ROIC(5y)28.48%
ROICexc(3y)38.83%
ROICexc(5y)36.08%
ROICexgc(3y)39.06%
ROICexgc(5y)36.42%
ROCE(3y)37.33%
ROCE(5y)34.27%
ROICexcg growth 3Y-14.81%
ROICexcg growth 5Y1.87%
ROICexc growth 3Y-14.47%
ROICexc growth 5Y2.21%
OM growth 3Y0.51%
OM growth 5Y8.98%
PM growth 3Y-3.36%
PM growth 5Y8.23%
GM growth 3Y0.09%
GM growth 5Y1.54%
F-Score4
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.4 | ||
| Debt/EBITDA | 1.03 | ||
| Cap/Depr | 77.5% | ||
| Cap/Sales | 4.61% | ||
| Interest Coverage | 14.77 | ||
| Cash Conversion | 63.61% | ||
| Profit Quality | 70.12% | ||
| Current Ratio | 4.54 | ||
| Quick Ratio | 2.01 | ||
| Altman-Z | 7.83 |
F-Score4
WACC10.59%
ROIC/WACC1.55
Cap/Depr(3y)136.47%
Cap/Depr(5y)110.04%
Cap/Sales(3y)6.76%
Cap/Sales(5y)6.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36.82%
EPS 3Y9.29%
EPS 5Y23.04%
EPS Q2Q%-22.31%
EPS Next Y-28.82%
EPS Next 2Y-2.97%
EPS Next 3Y4.96%
EPS Next 5Y10.1%
Revenue 1Y (TTM)-13.33%
Revenue growth 3Y13.16%
Revenue growth 5Y13.89%
Sales Q2Q%-13.89%
Revenue Next Year-10.75%
Revenue Next 2Y0.05%
Revenue Next 3Y3.5%
Revenue Next 5Y5.19%
EBIT growth 1Y-40.01%
EBIT growth 3Y13.74%
EBIT growth 5Y24.11%
EBIT Next Year-15.16%
EBIT Next 3Y8.75%
EBIT Next 5Y7.76%
FCF growth 1Y533.34%
FCF growth 3Y6.64%
FCF growth 5Y13.04%
OCF growth 1Y213.78%
OCF growth 3Y7.8%
OCF growth 5Y13.55%