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. MELE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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.
In the past 5 years MELE has always been profitable.
In the past 5 years MELE always reported a positive cash flow from operatings.
1.2 Ratios
MELE has a better Return On Assets (19.17%) than 90.38% of its industry peers.
Looking at the Return On Equity, with a value of 30.21%, MELE belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
MELE has a Return On Invested Capital of 23.13%. This is amongst the best in the industry. MELE outperforms 88.46% 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 15.12%.
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
The Profit Margin of MELE (18.38%) is comparable to the rest of the industry.
MELE's Profit Margin has improved in the last couple of years.
MELE has a better Operating Margin (23.57%) than 65.38% of its industry peers.
In the last couple of years the Operating Margin of MELE has grown nicely.
The Gross Margin of MELE (43.03%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of MELE has grown nicely.
| 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.
MELE has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MELE has more shares outstanding
MELE has a worse debt/assets ratio than last year.
2.2 Solvency
MELE has an Altman-Z score of 8.61. This indicates that MELE is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 8.61, MELE is doing good in the industry, outperforming 65.38% 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.
Looking at the Debt to FCF ratio, with a value of 1.78, MELE is in line with its industry, outperforming 59.62% of the companies in the same industry.
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 71.15% 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 | 1.78 | ||
| Altman-Z | 8.61 |
ROIC/WACC2.14
WACC10.83%
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's Current ratio of 4.54 is amongst the best of the industry. MELE outperforms 84.62% 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 Quick ratio of 2.01. This is in the better half of the industry: MELE outperforms 73.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.54 | ||
| Quick Ratio | 2.01 |
3. Growth
3.1 Past
MELE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.50%.
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.
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
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 20.48, 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 67.31% of the companies are valued more expensively.
MELE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.28, MELE is valued on the expensive side.
MELE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MELE is cheaper than 71.15% of the companies in the same industry.
MELE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.48 | ||
| Fwd PE | 17.28 |
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 65.38% of the companies listed in the same industry.
82.69% of the companies in the same industry are more expensive than MELE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.35 | ||
| EV/EBITDA | 11.62 |
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-0.54%
EPS Next 3Y4.79%
5. Dividend
5.1 Amount
MELE has a Yearly Dividend Yield of 3.50%. Purely for dividend investing, there may be better candidates out there.
MELE's Dividend Yield is rather good when compared to the industry average which is at 1.12. MELE pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, MELE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
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.
The dividend of MELE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP87.19%
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
EBR:MELE (7/4/2025, 7:00:00 PM)
72.3
-1.8 (-2.43%)
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 Cap2.92B
Analysts78.89
Price Target65.42 (-9.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
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)-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 | 20.48 | ||
| Fwd PE | 17.28 | ||
| P/S | 3.13 | ||
| P/FCF | 23.35 | ||
| P/OCF | 16.39 | ||
| P/B | 5.15 | ||
| P/tB | 5.16 | ||
| EV/EBITDA | 11.62 |
EPS(TTM)3.53
EY4.88%
EPS(NY)4.18
Fwd EY5.79%
FCF(TTM)3.1
FCFY4.28%
OCF(TTM)4.41
OCFY6.1%
SpS23.09
BVpS14.05
TBVpS14.02
PEG (NY)N/A
PEG (5Y)0.89
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 | 8.61 |
F-Score5
WACC10.83%
ROIC/WACC2.14
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%