MELEXIS NV (MELE.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:MELE - BE0165385973 - Common Stock
63.85 EUR
+1.3 (+2.08%)
MELE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 69 industry peers in the Semiconductors & Semiconductor Equipment industry. MELE has an excellent profitability rating, 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
- In the past year MELE was profitable.
- MELE had a positive operating cash flow in the past year.
- Each year in the past 5 years MELE has been profitable.
- Each year in the past 5 years MELE had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of MELE (11.74%) is better than 65.22% of its industry peers.
- With a decent Return On Equity value of 20.24%, MELE is doing good in the industry, outperforming 63.77% of the companies in the same industry.
- The Return On Invested Capital of MELE (13.29%) is better than 62.32% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MELE is significantly above the industry average of 14.31%.
- 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
- The Profit Margin of MELE (13.16%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of MELE has grown nicely.
- The Operating Margin of MELE (15.81%) is comparable to the rest of the industry.
- MELE's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 38.82%, MELE is not doing good in the industry: 73.91% 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 | 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
- 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.
- The number of shares outstanding for MELE has been increased compared to 5 years ago.
- MELE has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 6.75 indicates that MELE is not in any danger for bankruptcy at the moment.
- MELE has a Altman-Z score (6.75) which is comparable to the rest of the 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's Debt to FCF ratio of 3.06 is on the low side compared to the rest of the industry. MELE is outperformed by 60.87% of its industry peers.
- A Debt/Equity ratio of 0.51 indicates that MELE is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.51, MELE is not doing good in the industry: 76.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.06 | ||
| Altman-Z | 6.75 |
ROIC/WACC1.17
WACC11.39%
2.3 Liquidity
- MELE has a Current Ratio of 5.33. This indicates that MELE is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of MELE (5.33) is better than 92.75% of its industry peers.
- 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.
- The Quick ratio of MELE (2.56) is better than 79.71% 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.
- 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 -16.57% in the past year. This is quite bad
- The Revenue has been growing by 13.89% on average over the past years. This is quite good.
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
- The Earnings Per Share is expected to grow by 7.10% on average over the next years.
- MELE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.23% yearly.
EPS Next Y-29.34%
EPS Next 2Y-8.22%
EPS Next 3Y1.71%
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.
- 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
- With a Price/Earnings ratio of 23.82, MELE is valued on the expensive side.
- Based on the Price/Earnings ratio, MELE is valued cheaper than 82.61% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.25. MELE is around the same levels.
- With a Price/Forward Earnings ratio of 17.92, MELE is valued on the expensive side.
- 84.06% of the companies in the same industry are more expensive than MELE, based on the Price/Forward Earnings ratio.
- MELE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.82 | ||
| Fwd PE | 17.92 |
4.2 Price Multiples
- 72.46% of the companies in the same industry are more expensive than MELE, based on the Enterprise Value to EBITDA ratio.
- MELE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MELE is cheaper than 85.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.62 | ||
| EV/EBITDA | 15.21 |
4.3 Compensation for Growth
- The decent profitability rating of MELE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.03
EPS Next 2Y-8.22%
EPS Next 3Y1.71%
5. Dividend
5.1 Amount
- MELE has a Yearly Dividend Yield of 2.00%. 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 0.74. MELE pays more dividend than 91.30% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, MELE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
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
- 137.23% 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.
DP137.23%
EPS Next 2Y-8.22%
EPS Next 3Y1.71%
MELEXIS NV / MELE.BR FAQ
What is the ChartMill fundamental rating of MELEXIS NV (MELE.BR) stock?
ChartMill assigns a fundamental rating of 5 / 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 23.82 and the Price/Book (PB) ratio is 4.82.
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 -29.34% in the next year.