MELEXIS NV (MELE.BR) Stock Fundamental Analysis
EBR:MELE - Euronext Brussels - BE0165385973 - Common Stock - Currency: EUR
Overall MELE gets a fundamental rating of 6 out of 10. We evaluated MELE against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. MELE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 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.
MELE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MELE (19.17%) is better than 85.19% of its industry peers.
MELE's Return On Equity of 30.21% is fine compared to the rest of the industry. MELE outperforms 75.93% of its industry peers.
MELE has a Return On Invested Capital of 23.13%. This is amongst the best in the industry. MELE outperforms 83.33% 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 16.29%.
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 Profit Margin of 18.38%. This is comparable to the rest of the industry: MELE outperforms 55.56% of its industry peers.
In the last couple of years the Profit Margin of MELE has grown nicely.
MELE has a Operating Margin of 23.57%. This is comparable to the rest of the industry: MELE outperforms 59.26% of its industry peers.
In the last couple of years the Operating Margin of MELE has grown nicely.
Looking at the Gross Margin, with a value of 43.03%, MELE is doing worse than 61.11% of the companies in the same 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
MELE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, MELE has about the same amount of shares outstanding.
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
An Altman-Z score of 8.91 indicates that MELE is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.91, 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.
MELE has a Debt to FCF ratio (1.78) which is in line with its industry peers.
MELE has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.38, MELE is not doing good in the industry: 64.81% of the companies in the same industry are doing better.
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 | 8.91 |
ROIC/WACC2.09
WACC11.07%
2.3 Liquidity
A Current Ratio of 4.54 indicates that MELE has no problem at all paying its short term obligations.
MELE's Current ratio of 4.54 is amongst the best of the industry. MELE outperforms 87.04% 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 75.93% 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.
Measured over the past years, MELE shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.04% on average per year.
Looking at the last year, MELE shows a decrease in Revenue. The Revenue has decreased by -9.03% in the last year.
The Revenue has been growing by 13.89% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 9.99% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.75% on average over the next years.
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.
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 21.22, the valuation of MELE can be described as rather expensive.
MELE's Price/Earnings ratio is a bit cheaper when compared to the industry. MELE is cheaper than 64.81% of the companies in the same industry.
When comparing the Price/Earnings ratio of MELE to the average of the S&P500 Index (27.50), we can say MELE is valued slightly cheaper.
MELE is valuated rather expensively with a Price/Forward Earnings ratio of 17.90.
MELE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MELE is cheaper than 68.52% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, MELE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.22 | ||
| Fwd PE | 17.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MELE indicates a somewhat cheap valuation: MELE is cheaper than 64.81% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MELE is valued cheaply inside the industry as 85.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.19 | ||
| EV/EBITDA | 12.22 |
4.3 Compensation for Growth
MELE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.92
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
5. Dividend
5.1 Amount
MELE has a Yearly Dividend Yield of 3.44%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.19, MELE pays a better dividend. On top of this MELE pays more dividend than 98.15% of the companies listed in the same industry.
MELE's Dividend Yield is a higher than the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
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 (7/18/2025, 7:00:00 PM)
74.9
-1.35 (-1.77%)
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 Cap3.03B
Analysts78.89
Price Target65.42 (-12.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
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)0.71%
PT rev (3m)-1.74%
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 | 21.22 | ||
| Fwd PE | 17.9 | ||
| P/S | 3.24 | ||
| P/FCF | 24.19 | ||
| P/OCF | 16.98 | ||
| P/B | 5.33 | ||
| P/tB | 5.34 | ||
| EV/EBITDA | 12.22 |
EPS(TTM)3.53
EY4.71%
EPS(NY)4.18
Fwd EY5.59%
FCF(TTM)3.1
FCFY4.13%
OCF(TTM)4.41
OCFY5.89%
SpS23.09
BVpS14.05
TBVpS14.02
PEG (NY)N/A
PEG (5Y)0.92
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 | 8.91 |
F-Score5
WACC11.07%
ROIC/WACC2.09
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%