MELEXIS NV (MELE.BR) Stock Fundamental Analysis
EBR:MELE - Euronext Brussels - BE0165385973 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to MELE. MELE was compared to 51 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year MELE was profitable.
In the past year MELE had a positive cash flow from operations.
Each year in the past 5 years MELE has been profitable.
In the past 5 years MELE always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 19.17%, MELE belongs to the best of the industry, outperforming 90.20% of the companies in the same industry.
MELE has a better Return On Equity (30.21%) than 80.39% of its industry peers.
With an excellent Return On Invested Capital value of 23.13%, MELE belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MELE is significantly above the industry average of 15.31%.
The last Return On Invested Capital (23.13%) for MELE is well below the 3 year average (31.03%), which needs to be investigated, but indicates that MELE had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.17% | ||
| ROE | 30.21% | ||
| ROIC | 23.13% |
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
MELE has a better Profit Margin (18.38%) than 62.75% of its industry peers.
MELE's Profit Margin has improved in the last couple of years.
MELE has a Operating Margin of 23.57%. This is in the better half of the industry: MELE outperforms 64.71% of its industry peers.
MELE's Operating Margin has improved in the last couple of years.
MELE has a Gross Margin (43.03%) which is comparable to the rest of the industry.
MELE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.57% | ||
| PM (TTM) | 18.38% | ||
| GM | 43.03% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MELE is creating value.
The number of shares outstanding for MELE remains at a similar level compared to 1 year ago.
Compared to 5 years ago, MELE has more shares outstanding
Compared to 1 year ago, MELE has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 8.53 indicates that MELE is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.53, MELE is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
MELE has a debt to FCF ratio of 1.78. This is a very positive value and a sign of high solvency as it would only need 1.78 years to pay back of all of its debts.
The Debt to FCF ratio of MELE (1.78) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.38 indicates that MELE is not too dependend on debt financing.
The Debt to Equity ratio of MELE (0.38) is worse than 70.59% of its industry peers.
Even though the debt/equity ratio score it not favorable for MELE, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.78 | ||
| Altman-Z | 8.53 |
ROIC/WACC2.13
WACC10.87%
2.3 Liquidity
MELE has a Current Ratio of 4.54. This indicates that MELE is financially healthy and has no problem in meeting its short term obligations.
MELE has a Current ratio of 4.54. This is amongst the best in the industry. MELE outperforms 84.31% of its industry peers.
A Quick Ratio of 2.01 indicates that MELE has no problem at all paying its short term obligations.
MELE has a better Quick ratio (2.01) than 72.55% of its industry peers.
| 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 -32.50% in the last year.
The Earnings Per Share has been growing by 23.04% on average over the past years. This is a very strong growth
MELE shows a decrease in Revenue. In the last year, the revenue decreased by -9.03%.
MELE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.89% yearly.
EPS 1Y (TTM)-32.5%
EPS 3Y9.29%
EPS 5Y23.04%
EPS Q2Q%-53.44%
Revenue 1Y (TTM)-9.03%
Revenue growth 3Y13.16%
Revenue growth 5Y13.89%
Sales Q2Q%-18.02%
3.2 Future
Based on estimates for the next years, MELE will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.99% on average per year.
Based on estimates for the next years, MELE will show a small growth in Revenue. The Revenue will grow by 4.75% on average per year.
EPS Next Y-25.62%
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
EPS Next 5Y9.99%
Revenue Next Year-11.57%
Revenue Next 2Y0.06%
Revenue Next 3Y3.24%
Revenue Next 5Y4.75%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.78 indicates a rather expensive valuation of MELE.
Based on the Price/Earnings ratio, MELE is valued a bit cheaper than the industry average as 70.59% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.21, MELE is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 16.69, the valuation of MELE can be described as correct.
Based on the Price/Forward Earnings ratio, MELE is valued a bit cheaper than the industry average as 70.59% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of MELE to the average of the S&P500 Index (21.70), we can say MELE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 16.69 |
4.2 Price Multiples
MELE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MELE is cheaper than 64.71% of the companies in the same industry.
MELE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MELE is cheaper than 84.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.55 | ||
| EV/EBITDA | 11.45 |
4.3 Compensation for Growth
The excellent profitability rating of MELE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.86
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
5. Dividend
5.1 Amount
MELE has a Yearly Dividend Yield of 3.63%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.15, MELE pays a better dividend. On top of this MELE pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, MELE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.63% |
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
87.19% of the earnings are spent on dividend by MELE. This is not a sustainable payout ratio.
MELE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP87.19%
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
EBR:MELE (7/2/2025, 3:26:48 PM)
69.825
-1.33 (-1.86%)
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 Cap2.82B
Analysts77.78
Price Target65.42 (-6.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.63% |
Yearly Dividend3.7
Dividend Growth(5Y)10.98%
DP87.19%
Div Incr Years3
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.09%
Min EPS beat(2)-38.45%
Max EPS beat(2)-1.73%
EPS beat(4)1
Avg EPS beat(4)-9.23%
Min EPS beat(4)-38.45%
Max EPS beat(4)9.1%
EPS beat(8)4
Avg EPS beat(8)-4.63%
EPS beat(12)7
Avg EPS beat(12)-0.24%
EPS beat(16)10
Avg EPS beat(16)2.37%
Revenue beat(2)0
Avg Revenue beat(2)-4.03%
Min Revenue beat(2)-5.22%
Max Revenue beat(2)-2.83%
Revenue beat(4)0
Avg Revenue beat(4)-2.93%
Min Revenue beat(4)-5.22%
Max Revenue beat(4)-1.68%
Revenue beat(8)1
Avg Revenue beat(8)-2.02%
Revenue beat(12)4
Avg Revenue beat(12)-1.17%
Revenue beat(16)6
Avg Revenue beat(16)5.08%
PT rev (1m)4.44%
PT rev (3m)-2.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 16.69 | ||
| P/S | 3.02 | ||
| P/FCF | 22.55 | ||
| P/OCF | 15.83 | ||
| P/B | 4.97 | ||
| P/tB | 4.98 | ||
| EV/EBITDA | 11.45 |
EPS(TTM)3.53
EY5.06%
EPS(NY)4.18
Fwd EY5.99%
FCF(TTM)3.1
FCFY4.43%
OCF(TTM)4.41
OCFY6.32%
SpS23.09
BVpS14.05
TBVpS14.02
PEG (NY)N/A
PEG (5Y)0.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.17% | ||
| ROE | 30.21% | ||
| ROCE | 27.83% | ||
| ROIC | 23.13% | ||
| ROICexc | 24.13% | ||
| ROICexgc | 24.17% | ||
| OM | 23.57% | ||
| PM (TTM) | 18.38% | ||
| GM | 43.03% | ||
| FCFM | 13.41% |
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-Score5
Asset Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.78 | ||
| Debt/EBITDA | 0.8 | ||
| Cap/Depr | 111.24% | ||
| Cap/Sales | 5.69% | ||
| Interest Coverage | 20.46 | ||
| Cash Conversion | 66.58% | ||
| Profit Quality | 72.96% | ||
| Current Ratio | 4.54 | ||
| Quick Ratio | 2.01 | ||
| Altman-Z | 8.53 |
F-Score5
WACC10.87%
ROIC/WACC2.13
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)-32.5%
EPS 3Y9.29%
EPS 5Y23.04%
EPS Q2Q%-53.44%
EPS Next Y-25.62%
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
EPS Next 5Y9.99%
Revenue 1Y (TTM)-9.03%
Revenue growth 3Y13.16%
Revenue growth 5Y13.89%
Sales Q2Q%-18.02%
Revenue Next Year-11.57%
Revenue Next 2Y0.06%
Revenue Next 3Y3.24%
Revenue Next 5Y4.75%
EBIT growth 1Y-15.83%
EBIT growth 3Y13.74%
EBIT growth 5Y24.11%
EBIT Next Year-15.16%
EBIT Next 3Y8.75%
EBIT Next 5Y10.24%
FCF growth 1Y236.29%
FCF growth 3Y6.64%
FCF growth 5Y13.04%
OCF growth 1Y5817.76%
OCF growth 3Y7.8%
OCF growth 5Y13.55%