MELEXIS NV (MELE.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:MELE - BE0165385973 - Common Stock
66.45 EUR
+2.5 (+3.91%)
We assign a fundamental rating of 6 out of 10 to MELE. MELE was compared to 71 industry peers in the Semiconductors & Semiconductor Equipment industry. MELE scores excellent on profitability, but there are some minor concerns on its financial health. MELE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- MELE had positive earnings in the past year.
- In the past year MELE had a positive cash flow from operations.
- 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 Return On Assets of 11.74%. This is in the better half of the industry: MELE outperforms 69.01% of its industry peers.
- The Return On Equity of MELE (20.24%) is better than 67.61% of its industry peers.
- MELE's Return On Invested Capital of 13.29% is fine compared to the rest of the industry. MELE outperforms 67.61% of its industry peers.
- MELE had an Average Return On Invested Capital over the past 3 years of 31.03%. This is significantly above the industry average of 13.85%.
- The 3 year average ROIC (31.03%) for MELE is well above the current ROIC(13.29%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.74% | ||
| ROE | 20.24% | ||
| ROIC | 13.29% |
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 Profit Margin (13.16%) which is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of MELE has grown nicely.
- MELE has a Operating Margin (15.81%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of MELE has grown nicely.
- MELE has a worse Gross Margin (38.82%) than 74.65% of its industry peers.
- In the last couple of years the Gross Margin of MELE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.81% | ||
| PM (TTM) | 13.16% | ||
| GM | 38.82% |
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.
- Compared to 1 year ago, MELE has about the same amount of shares outstanding.
- The number of shares outstanding for MELE has been increased compared to 5 years ago.
- The debt/assets ratio for MELE is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 6.84 indicates that MELE is not in any danger for bankruptcy at the moment.
- With a Altman-Z score value of 6.84, MELE perfoms like the industry average, outperforming 59.15% of the companies in the same industry.
- The Debt to FCF ratio of MELE is 3.06, which is a good value as it means it would take MELE, 3.06 years of fcf income to pay off all of its debts.
- MELE has a Debt to FCF ratio (3.06) which is in line with its industry peers.
- A Debt/Equity ratio of 0.51 indicates that MELE is somewhat dependend on debt financing.
- MELE has a Debt to Equity ratio of 0.51. This is in the lower half of the industry: MELE underperforms 76.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.06 | ||
| Altman-Z | 6.84 |
ROIC/WACC1.24
WACC10.69%
2.3 Liquidity
- A Current Ratio of 5.33 indicates that MELE has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 5.33, MELE belongs to the top of the industry, outperforming 92.96% of the companies in the same industry.
- MELE has a Quick Ratio of 2.56. This indicates that MELE is financially healthy and has no problem in meeting its short term obligations.
- MELE has a better Quick ratio (2.56) than 81.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.33 | ||
| Quick Ratio | 2.56 |
3. Growth
3.1 Past
- The earnings per share for MELE have decreased strongly by -46.51% 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
- The Revenue for MELE has decreased by -16.57% 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)-46.51%
EPS 3Y9.29%
EPS 5Y23.04%
EPS Q2Q%-46.03%
Revenue 1Y (TTM)-16.57%
Revenue growth 3Y13.16%
Revenue growth 5Y13.89%
Sales Q2Q%-13.14%
3.2 Future
- MELE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.10% yearly.
- Based on estimates for the next years, MELE will show a small growth in Revenue. The Revenue will grow by 5.23% on average per year.
EPS Next Y-29.28%
EPS Next 2Y-8.34%
EPS Next 3Y1.48%
EPS Next 5Y7.1%
Revenue Next Year-10.45%
Revenue Next 2Y-1.26%
Revenue Next 3Y2.16%
Revenue Next 5Y5.23%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- Based on the Price/Earnings ratio of 24.79, the valuation of MELE can be described as rather expensive.
- Based on the Price/Earnings ratio, MELE is valued a bit cheaper than the industry average as 77.46% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of MELE to the average of the S&P500 Index (27.33), we can say MELE is valued inline with the index average.
- With a Price/Forward Earnings ratio of 18.70, MELE is valued on the expensive side.
- 78.87% of the companies in the same industry are more expensive than MELE, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 24.12. MELE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.79 | ||
| Fwd PE | 18.7 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MELE is valued a bit cheaper than the industry average as 66.20% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MELE indicates a rather cheap valuation: MELE is cheaper than 81.69% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.75 | ||
| EV/EBITDA | 15.52 |
4.3 Compensation for Growth
- The decent profitability rating of MELE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.08
EPS Next 2Y-8.34%
EPS Next 3Y1.48%
5. Dividend
5.1 Amount
- MELE has a Yearly Dividend Yield of 2.12%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.79, MELE pays a better dividend. On top of this MELE pays more dividend than 92.96% of the companies listed in the same industry.
- MELE's Dividend Yield is comparable with the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
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 137.23% 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.
DP137.23%
EPS Next 2Y-8.34%
EPS Next 3Y1.48%
EBR:MELE (1/15/2026, 5:35:15 PM)
66.45
+2.5 (+3.91%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-29 2025-10-29/bmo
Earnings (Next)02-04 2026-02-04/amc
Inst Owners15.3%
Inst Owner ChangeN/A
Ins Owners25%
Ins Owner ChangeN/A
Market Cap2.68B
Revenue(TTM)822.53M
Net Income(TTM)108.21M
Analysts75.79
Price Target72.18 (8.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
Yearly Dividend3.7
Dividend Growth(5Y)10.98%
DP137.23%
Div Incr Years3
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.53%
Min EPS beat(2)-7.32%
Max EPS beat(2)42.38%
EPS beat(4)1
Avg EPS beat(4)-1.46%
Min EPS beat(4)-38.45%
Max EPS beat(4)42.38%
EPS beat(8)2
Avg EPS beat(8)-1.7%
EPS beat(12)5
Avg EPS beat(12)-0.42%
EPS beat(16)9
Avg EPS beat(16)2.02%
Revenue beat(2)1
Avg Revenue beat(2)0.69%
Min Revenue beat(2)-1.91%
Max Revenue beat(2)3.28%
Revenue beat(4)1
Avg Revenue beat(4)-1.43%
Min Revenue beat(4)-5.22%
Max Revenue beat(4)3.28%
Revenue beat(8)1
Avg Revenue beat(8)-1.77%
Revenue beat(12)2
Avg Revenue beat(12)-1.56%
Revenue beat(16)5
Avg Revenue beat(16)-0.95%
PT rev (1m)0%
PT rev (3m)-6.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.79 | ||
| Fwd PE | 18.7 | ||
| P/S | 3.26 | ||
| P/FCF | 28.75 | ||
| P/OCF | 21.22 | ||
| P/B | 5.02 | ||
| P/tB | 5.03 | ||
| EV/EBITDA | 15.52 |
EPS(TTM)2.68
EY4.03%
EPS(NY)3.55
Fwd EY5.35%
FCF(TTM)2.31
FCFY3.48%
OCF(TTM)3.13
OCFY4.71%
SpS20.36
BVpS13.24
TBVpS13.2
PEG (NY)N/A
PEG (5Y)1.08
Graham Number28.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.74% | ||
| ROE | 20.24% | ||
| ROCE | 15.99% | ||
| ROIC | 13.29% | ||
| ROICexc | 13.86% | ||
| ROICexgc | 13.88% | ||
| OM | 15.81% | ||
| PM (TTM) | 13.16% | ||
| GM | 38.82% | ||
| FCFM | 11.35% |
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%
ROICexgc growth 3Y-14.81%
ROICexgc 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 Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.06 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 62.94% | ||
| Cap/Sales | 4.03% | ||
| Interest Coverage | 13.42 | ||
| Cash Conversion | 69.24% | ||
| Profit Quality | 86.3% | ||
| Current Ratio | 5.33 | ||
| Quick Ratio | 2.56 | ||
| Altman-Z | 6.84 |
F-Score4
WACC10.69%
ROIC/WACC1.24
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)-46.51%
EPS 3Y9.29%
EPS 5Y23.04%
EPS Q2Q%-46.03%
EPS Next Y-29.28%
EPS Next 2Y-8.34%
EPS Next 3Y1.48%
EPS Next 5Y7.1%
Revenue 1Y (TTM)-16.57%
Revenue growth 3Y13.16%
Revenue growth 5Y13.89%
Sales Q2Q%-13.14%
Revenue Next Year-10.45%
Revenue Next 2Y-1.26%
Revenue Next 3Y2.16%
Revenue Next 5Y5.23%
EBIT growth 1Y-48.76%
EBIT growth 3Y13.74%
EBIT growth 5Y24.11%
EBIT Next Year-16.89%
EBIT Next 3Y5.62%
EBIT Next 5Y7.15%
FCF growth 1Y225.96%
FCF growth 3Y6.64%
FCF growth 5Y13.04%
OCF growth 1Y1821.54%
OCF growth 3Y7.8%
OCF growth 5Y13.55%
MELEXIS NV / MELE.BR FAQ
What is the ChartMill fundamental rating of MELEXIS NV (MELE.BR) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MELE.BR.
What is the valuation status of MELEXIS NV (MELE.BR) stock?
ChartMill assigns a valuation rating of 5 / 10 to MELEXIS NV (MELE.BR). This can be considered as Fairly Valued.
How profitable is MELEXIS NV (MELE.BR) stock?
MELEXIS NV (MELE.BR) has a profitability rating of 7 / 10.
What is the valuation of MELEXIS NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MELEXIS NV (MELE.BR) is 24.79 and the Price/Book (PB) ratio is 5.02.
What is the expected EPS growth for MELEXIS NV (MELE.BR) stock?
The Earnings per Share (EPS) of MELEXIS NV (MELE.BR) is expected to decline by -29.28% in the next year.