MELEXIS NV (MELE.BR) Stock Fundamental Analysis
EBR:MELE - Euronext Brussels - BE0165385973 - Common Stock - Currency: EUR
MELE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 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.
In the past 5 years MELE has always been profitable.
Each year in the past 5 years MELE had a positive operating cash flow.
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.
With an excellent Return On Equity value of 30.21%, MELE belongs to the best of the industry, outperforming 80.39% of the companies in the same industry.
MELE has a better Return On Invested Capital (23.13%) than 88.24% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MELE 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
MELE's Profit Margin of 18.38% is in line compared to the rest of the industry. MELE outperforms 58.82% of its industry peers.
MELE's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 23.57%, MELE is doing good in the industry, outperforming 64.71% of the companies in the same industry.
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 in line with its industry, outperforming 41.18% 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
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
The debt/assets ratio for MELE is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.68 indicates that MELE is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.68, MELE is in the better half of the industry, outperforming 68.63% of the companies in the same industry.
The Debt to FCF ratio of MELE is 1.78, which is an excellent value as it means it would take MELE, only 1.78 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.78, MELE is in the better half of the industry, outperforming 60.78% of the companies in the same industry.
MELE has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
MELE's Debt to Equity ratio of 0.38 is on the low side compared to the rest of the industry. MELE is outperformed by 70.59% 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 | 8.68 |
ROIC/WACC2.09
WACC11.09%
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.
Looking at the Current ratio, with a value of 4.54, MELE belongs to the top of the industry, outperforming 86.27% of the companies in the same industry.
A Quick Ratio of 2.01 indicates that MELE has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.01, MELE is doing good in the industry, outperforming 74.51% of the companies in the same industry.
| 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%.
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 has decreased by -9.03% in the past 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
MELE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.99% yearly.
MELE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.75% yearly.
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
MELE is valuated rather expensively with a Price/Earnings ratio of 20.75.
MELE's Price/Earnings ratio is a bit cheaper when compared to the industry. MELE is cheaper than 66.67% of the companies in the same industry.
MELE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.29.
Based on the Price/Forward Earnings ratio of 17.51, the valuation of MELE can be described as rather expensive.
66.67% of the companies in the same industry are more expensive than MELE, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.74, MELE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.75 | ||
| Fwd PE | 17.51 |
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 60.78% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MELE indicates a rather cheap valuation: MELE is cheaper than 82.35% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.66 | ||
| EV/EBITDA | 11.76 |
4.3 Compensation for Growth
MELE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.9
EPS Next 2Y-0.54%
EPS Next 3Y4.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.50%, MELE has a reasonable but not impressive dividend return.
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.
MELE's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
5.2 History
The dividend of MELE is nicely growing with an annual growth rate of 10.98%!
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 (7/8/2025, 10:17:22 AM)
73.25
+0.05 (+0.07%)
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 Cap2.96B
Analysts78.89
Price Target65.42 (-10.69%)
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 | 20.75 | ||
| Fwd PE | 17.51 | ||
| P/S | 3.17 | ||
| P/FCF | 23.66 | ||
| P/OCF | 16.61 | ||
| P/B | 5.21 | ||
| P/tB | 5.23 | ||
| EV/EBITDA | 11.76 |
EPS(TTM)3.53
EY4.82%
EPS(NY)4.18
Fwd EY5.71%
FCF(TTM)3.1
FCFY4.23%
OCF(TTM)4.41
OCFY6.02%
SpS23.09
BVpS14.05
TBVpS14.02
PEG (NY)N/A
PEG (5Y)0.9
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 | 8.68 |
F-Score5
WACC11.09%
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%