NASDAQ · MTLS

Materialise N.V.

Technology · Software - Application

$7.60▼ 0.59% ($0.05)today

As of 2:14 PM ET

52-week

$4.78$7.72

Market cap

$444.73M

P/E

What the market price implies · Reverse DCF

To support a price of $7.60, this model requires revenue to grow by 10.16%/yr over the next 10 years, compounded annually.

Historical revenue grew by 5.76%/yr over the past 4 years. The required annual growth rate is 4.40 percentage points higher.

Selected forecast · Base scenario

4.22%/yr · actual 10-year annualized revenue growth

Year 1 growth: 6.6%

Market-implied · Base operating assumptions + edited margins

10.16%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$7.60

Estimated value / share

$5.58

Base scenario

This estimate is 26.48% below the price used.

USD · TTM ending 2026-06-30

Year 1 growth 6.6% · Ending margin 5.22% · Discount rate 12.1%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 14, 2026, 6:14 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 14, 2026, 6:15 PM UTC · provider

Why this method?

FCFF is positive, but it is still too unstable and too short-lived to anchor even a normalized FCFF DCF. Use revenue and margin assumptions instead of compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 3 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 168.8%.

Do you have 5+ years of positive FCFF history? Only 3 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 50.99%Revenue (TTM): 3.62%FCF (TTM): 1,399.95%P/FCF: 4th pct

What changed

The stock rose 50.99% over the last year. Revenue grew 3.62% over the trailing twelve months. Operating margin moved from 2.39% to 3.57%. Free cash flow grew 1,399.95% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 4th percentile of their historical P/FCF range.

What would invalidate this read

Operating margin is at 3.57%. Revenue grew 3.62% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Materialise N.V. (MTLS), founded in 1990 and headquartered in Leuven, Belgium, is a global leader in additive manufacturing and medical technology.

CEOBrigitte de Vet-Veithen

SectorTechnology

IndustrySoftware - Application

Employees2,556

IPO dateJun 25, 2014

https://www.materialise.com

Market multiples

Forward P/E—

EV/EBITDA8.19

Enterprise value$211.3M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth9.88%

Gross margin (FY2025)57.15%▲0.6ppvs FY2024

Operating margin (FY2025)1.92%▼1.6ppvs FY2024

ROE5.26%▲2.3ppvs FY2025

Analyst consensus

RatingBuy

Target price$10.00▲31.67%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Aug 27, 2026

Q4 FY26 · EPS est $0.05 · Revenue est $78.23M

View