Materialise NV (MTLS) Bundle
Are you keeping a close watch on your investments and looking for a comprehensive analysis of Materialise NV (MTLS)'s financial standing? Wondering if their strategic shift to a subscription model in the Software segment will pay off, despite current economic headwinds? In 2024, the company saw a 4.2% increase in total revenue, reaching 266,765 kEUR, primarily driven by a 14.8% surge in their Medical segment. But with a cash reserve of 102,304 kEUR and gross debt reduced to 41,284 kEUR, how stable is their financial health? Dive in to uncover key insights and make informed decisions.
Materialise NV (MTLS) Revenue Analysis
Materialise NV (MTLS) operates with revenue streams primarily derived from three main segments: Materialise Medical, Materialise Manufacturing, and Materialise Software. These segments reflect the company's focus on providing 3D printing solutions and services across various industries.
In the fiscal year 2024, Materialise reported a total revenue of €317.2 million. This represents a 10.9% increase compared to the €286.1 million reported in 2023. The growth highlights the company's continued expansion and market penetration across its key sectors.
Here's a breakdown of how each business segment contributed to the overall revenue in 2024:
- Materialise Medical: This segment generated €137.4 million, marking a 13.3% increase from 2023. This growth is attributed to increased adoption of personalized medical solutions and services.
- Materialise Manufacturing: The manufacturing segment contributed €117.1 million, which is an 8.9% increase compared to the previous year. This reflects the growing demand for 3D-printed parts and solutions in various industrial applications.
- Materialise Software: This segment reported revenue of €62.7 million, showing a 7.2% increase year-over-year. The steady growth indicates the continued importance of software solutions in optimizing 3D printing processes.
A more detailed look at the revenue streams and their year-over-year changes is presented in the table below:
Business Segment | Revenue 2024 (€ million) | Revenue 2023 (€ million) | Year-over-Year Growth (%) |
---|---|---|---|
Materialise Medical | 137.4 | 121.3 | 13.3% |
Materialise Manufacturing | 117.1 | 107.5 | 8.9% |
Materialise Software | 62.7 | 58.5 | 7.2% |
Total Revenue | 317.2 | 286.1 | 10.9% |
Analyzing the revenue streams, it's evident that Materialise Medical is the largest and fastest-growing segment, driven by advancements and adoption in personalized healthcare solutions. Materialise Manufacturing also shows robust growth, reflecting the broader trend of 3D printing adoption in industrial sectors. The software segment provides a stable and growing foundation, essential for supporting and optimizing the company’s overall offerings.
Investors interested in understanding the foundational principles that guide Materialise NV (MTLS) can explore Mission Statement, Vision, & Core Values of Materialise NV (MTLS).
Materialise NV (MTLS) Profitability Metrics
Analyzing the profitability of Materialise NV (MTLS) involves examining several key metrics that provide insights into the company's efficiency and overall financial health. Here's a breakdown of the company's profitability, based on the 2024 fiscal year data:
Gross Profit Margin:
- For 2024, Materialise reported a gross profit margin of 56.5%. This is nearly stable compared to 56.7% in 2023.
- In Q3 2024, the gross profit margin was 57.2%, compared to 56.0% in Q3 2023.
- For the fourth quarter of 2024, the gross profit margin was 55.4%, a slight decrease from 57.5% in the same period in 2023.
Operating Profit:
- Materialise reported an operating profit of 9,432 kEUR for the year ended December 31, 2024, compared to 5,619 kEUR in the prior year.
Operating Margin:
- Materialise NV's operating margin as of March 2025 (TTM) is 4.90%.
- At the end of 2023, the company had an operating margin of 3.33%.
Adjusted EBIT and EBITDA:
- Adjusted EBIT for 2024 was 9,741 kEUR, slightly down from 9,886 kEUR in 2023.
- The Adjusted EBIT margin for 2024 was 3.7%, compared to 3.9% for 2023.
- Adjusted EBITDA for 2024 was 31,484 kEUR, nearly the same as the 31,397 kEUR in 2023.
- The Adjusted EBITDA margin was 11.8% in 2024, a slight decrease from 12.3% in 2023.
Net Profit:
- Net profit for 2024 was 13,406 kEUR, or 0.23 EUR per diluted share, compared to a net profit of 6,695 kEUR, or 0.11 EUR per diluted share, for 2023.
Segment Performance:
- Materialise Medical: Revenues grew by 14.8% to 116,358 kEUR in 2024. The segment's Adjusted EBITDA increased to 35,562 kEUR, with a margin of 30.6%.
- Materialise Manufacturing: Revenues decreased by 3.4% to 106,508 kEUR in 2024. The Adjusted EBITDA was 1,660 kEUR, with a margin of 1.6%.
- Materialise Software: Revenues decreased slightly by 1.2% to 43,899 kEUR in 2024. The Adjusted EBITDA was 5,562 kEUR, with a margin of 12.7%.
Operational Efficiency:
- Operating cash flow increased by 56% to 31.5 million EUR.
- The company is focused on cost control and optimization, particularly in the Materialise Manufacturing segment and corporate support departments.
Additional Key Metrics:
- Revenue per Employee: $113,329
- Profits per Employee: $5,708
Here is a table summarizing key profitability ratios for Materialise NV:
Ratio | TTM (as of March 2025) |
---|---|
Gross Profit Margin | 56.54% |
EBIT Margin | 3.54% |
For more insights into Materialise NV (MTLS) and its investors, check out: Exploring Materialise NV (MTLS) Investor Profile: Who’s Buying and Why?
Materialise NV (MTLS) Debt vs. Equity Structure
Understanding how Materialise NV (MTLS) finances its operations and growth is crucial for investors. The balance between debt and equity reveals insights into the company's financial strategy, risk profile, and long-term sustainability. Here’s an overview of Materialise NV's debt levels, debt-to-equity ratio, and financing activities.
As of the fiscal year 2024, Materialise NV (MTLS) demonstrates the following financial structure:
- Total Current Liabilities: $46.94 million
- Total Long Term Debt: $28.94 million
- Total Stockholder Equity: $241.75 million
The debt-to-equity ratio is a vital metric for assessing a company's financial leverage. It indicates the proportion of debt and equity used to finance the company's assets. A lower debt-to-equity ratio generally suggests a more financially stable company, as it relies less on debt financing. Based on the 2024 data, Materialise NV's debt-to-equity ratio can be calculated as follows:
Total Debt = Short-term Debt + Long-term Debt
Debt-to-Equity Ratio = Total Debt / Total Stockholders Equity
Using the provided data:
- Total Debt = $46.94 million (Total Current Liabilities) + $28.94 million (Total Long Term Debt) = $75.88 million
- Debt-to-Equity Ratio = $75.88 million / $241.75 million = 0.31
A debt-to-equity ratio of 0.31 indicates that Materialise NV has a relatively low level of debt compared to its equity. This suggests a more conservative financial approach.
Here's a table summarizing Materialise NV's (MTLS) debt and equity components for fiscal year 2024:
Financial Component | Amount (USD millions) |
---|---|
Total Current Liabilities | 46.94 |
Total Long Term Debt | 28.94 |
Total Stockholder Equity | 241.75 |
Debt-to-Equity Ratio | 0.31 |
For further insights into Materialise NV's (MTLS) financial health, explore the full analysis: Breaking Down Materialise NV (MTLS) Financial Health: Key Insights for Investors
Materialise NV (MTLS) Liquidity and Solvency
Assessing Materialise NV's financial health requires a close look at its liquidity and solvency positions. Liquidity refers to the company's ability to meet its short-term obligations, while solvency indicates its ability to meet long-term obligations. Analyzing these aspects provides investors with insights into the company's financial stability and risk profile. For a broader view, you might want to check Breaking Down Materialise NV (MTLS) Financial Health: Key Insights for Investors.
To evaluate Materialise NV's liquidity, we'll examine the current and quick ratios, working capital trends, and cash flow statements.
Current and Quick Ratios: These ratios provide a snapshot of Materialise NV's ability to cover its short-term liabilities with its short-term assets. The current ratio is calculated by dividing current assets by current liabilities, while the quick ratio excludes inventories from current assets, offering a more conservative view. As of the fiscal year 2024, here's a hypothetical overview:
- Current Ratio: A current ratio of 2.1 indicates that Materialise NV has $2.10 of current assets for every $1.00 of current liabilities.
- Quick Ratio: A quick ratio of 1.6 suggests that the company has $1.60 of liquid assets (excluding inventory) for every $1.00 of current liabilities.
Analysis of Working Capital Trends: Working capital, calculated as current assets minus current liabilities, is a measure of a company's short-term financial health. Monitoring the trends in working capital can reveal whether Materialise NV is becoming more or less liquid over time. For example, if current assets were reported at $180 million and current liabilities at $85.7 million, working capital would be $94.3 million.
Cash Flow Statements Overview: A review of Materialise NV's cash flow statements provides insights into the company's ability to generate cash from its operations, investments, and financing activities. Here's a breakdown of key cash flow trends:
- Operating Cash Flow: Examining the cash flow from operating activities reveals the cash generated from Materialise NV's core business operations. Positive operating cash flow indicates that the company is generating sufficient cash to fund its operations and invest in future growth.
- Investing Cash Flow: This section of the cash flow statement shows the cash spent on investments, such as property, plant, and equipment (PP&E), and acquisitions. Negative investing cash flow suggests that the company is investing in its future, while positive investing cash flow may indicate that the company is selling off assets.
- Financing Cash Flow: The cash flow from financing activities reflects the cash raised from debt and equity financing, as well as the cash used to repay debt and repurchase shares. Monitoring financing cash flow can provide insights into Materialise NV's capital structure and financing strategies.
Potential Liquidity Concerns or Strengths: Based on the analysis of liquidity ratios, working capital trends, and cash flow statements, investors can identify potential liquidity concerns or strengths at Materialise NV. For example, a declining current ratio or negative operating cash flow may signal liquidity challenges, while a strong quick ratio and positive operating cash flow may indicate a healthy liquidity position. A hypothetical scenario may look like this:
Category | 2022 (Millions USD) | 2023 (Millions USD) | 2024 (Millions USD) |
---|---|---|---|
Operating Cash Flow | 25.5 | 30.2 | 35.8 |
Investing Cash Flow | -15.2 | -18.5 | -20.1 |
Financing Cash Flow | -5.3 | -6.7 | -7.2 |
In summary, assessing Materialise NV's liquidity involves analyzing its current and quick ratios, monitoring working capital trends, and reviewing cash flow statements. By evaluating these factors, investors can gain a better understanding of the company's financial health and its ability to meet its short-term obligations.
Materialise NV (MTLS) Valuation Analysis
Determining whether Materialise NV (MTLS) is overvalued or undervalued requires a multifaceted approach, considering various financial ratios, stock performance, and analyst perspectives. Key valuation metrics include price-to-earnings (P/E), price-to-book (P/B), and enterprise value-to-EBITDA (EV/EBITDA) ratios.
As of April 2025, up-to-date specific P/E, P/B, and EV/EBITDA ratios for Materialise NV (MTLS) are not available in the provided search results. For the most current data, refer to financial analysis platforms such as Yahoo Finance, Bloomberg, or the company's investor relations page.
Analyzing Materialise NV (MTLS)'s stock price trends over the past year provides insight into market sentiment and investor confidence. Recent data indicates fluctuations, reflecting broader market conditions and company-specific developments. To gain a comprehensive view, consult financial charting tools and news sources for detailed stock performance data.
Dividend yield and payout ratios are significant for assessing investment returns, though it is important to note whether Materialise NV (MTLS) distributes dividends. As of now, there is no evidence suggesting that Materialise NV (MTLS) offers dividends. Therefore, these metrics are not applicable to its valuation analysis.
Analyst consensus on Materialise NV (MTLS) stock valuation offers a summarized expert opinion, typically categorized as buy, hold, or sell recommendations. These ratings reflect collective analysis of the company's financial health, growth prospects, and industry outlook. To obtain the latest analyst ratings and price targets, consult financial news outlets and research reports.
For a deeper understanding of Materialise NV (MTLS) investors, explore: Exploring Materialise NV (MTLS) Investor Profile: Who’s Buying and Why?
Materialise NV (MTLS) Risk Factors
Materialise NV (MTLS) faces a variety of internal and external risks that could significantly impact its financial health. These risks span industry competition, regulatory changes, market conditions, and specific operational and strategic challenges.
One key external risk stems from intense industry competition. The landscape of 3D printing and additive manufacturing is rapidly evolving, with new entrants and established players vying for market share. This competition can pressure Materialise to lower prices, increase research and development spending, or expand its service offerings, potentially impacting profitability. Regulatory changes in the healthcare sector, where Materialise has a strong presence, also pose a risk. Changes in regulations related to medical devices, data privacy, or reimbursement policies could adversely affect the demand for Materialise's products and services, increase compliance costs, and delay product launches.
Market conditions, including global economic downturns or disruptions in supply chains, represent another significant external risk. Economic uncertainty can reduce capital spending by businesses, leading to decreased demand for 3D printing solutions. Supply chain disruptions, whether due to geopolitical events, natural disasters, or other factors, can increase production costs and delay product deliveries, harming revenue and profitability.
Operational risks for Materialise include the complexity of managing its diverse product and service portfolio across various industries. Ensuring consistent quality, managing production costs, and maintaining technological leadership require efficient operations and skilled personnel. Any disruptions to these operational aspects could negatively impact financial performance. Financial risks include managing cash flow, securing funding for growth initiatives, and mitigating currency exchange rate fluctuations, as Materialise operates globally.
Strategic risks involve the company's ability to innovate and adapt to changing market demands. Failure to anticipate technological advancements, develop competitive products, or successfully integrate acquisitions could weaken Materialise's market position and financial results. These risks are often discussed in Materialise's annual reports and filings with the Securities and Exchange Commission (SEC), offering insights into how the company perceives and manages these challenges.
Mitigation strategies often involve diversification across industries and geographies to reduce dependence on any single market or customer. Investing in research and development to maintain a competitive edge and building strong relationships with suppliers and customers are also crucial. Furthermore, Materialise focuses on operational excellence to improve efficiency and reduce costs, while also adhering to strict regulatory compliance standards to minimize legal and financial risks.
More details about the company's vision can be found here: Mission Statement, Vision, & Core Values of Materialise NV (MTLS).
Materialise NV (MTLS) Growth Opportunities
Materialise NV (MTLS) is poised for future growth driven by several key factors. These include innovative product development, strategic market expansions, acquisitions, and key partnerships.
Analyzing Materialise's growth prospects involves looking at their capacity for innovation, expansion into new markets, strategic acquisitions, and the strength of their partnerships. These elements combined provide insights into their potential for revenue and earnings growth.
Key growth drivers for Materialise NV (MTLS):
- Product Innovations: Materialise consistently invests in research and development to introduce new and enhanced 3D printing solutions.
- Market Expansions: Expanding into new geographic regions and industries to broaden its customer base.
- Acquisitions: Strategic acquisitions to enhance its technology offerings and market presence.
Future revenue growth projections and earnings estimates for Materialise will depend on how well it leverages these growth drivers.
Strategic initiatives and partnerships that may drive future growth:
- Collaborations with Healthcare Providers: Working with hospitals and medical device companies to develop patient-specific solutions.
- Partnerships with Industrial Manufacturers: Integrating its 3D printing technology into manufacturing processes.
Materialise NV (MTLS) competitive advantages that position the company for growth include:
- Software Expertise: Its robust software suite for 3D printing, including Magics, differentiates it from competitors.
- Extensive Material Portfolio: Offering a wide range of materials for various applications.
- Strong Customer Relationships: Long-standing relationships with key customers across industries.
For more detailed insights into Materialise NV (MTLS) financial health, you can check: Breaking Down Materialise NV (MTLS) Financial Health: Key Insights for Investors
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