MTLSMaterialise NV

$8.41+36% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 46 out of 100, Average
Today's price. Only valuation depends on it.

Average. Materialise NV scores higher than 41% of the 2,291 companies Ryufin scores.

Carried by return on new capital and the balance sheet, held back by valuation and return on capital.

Technology median 43 · all companies 54

How the score has moved

At each fiscal year end, from the reports and price of the time
35
36
46
20202022today

The biggest move was up 10 points from 2022 to today, mostly valuation.

Valuation

26% of the score, 30% here after data gaps

15median 50

Materialise NV is valued at 44.5x its operating profit, including debt: a very rich multiple.

60x
50x
35x
25x
18x
12x
8x
44.5x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score, 20% here after data gaps

6median 23

Over 7 years the business earned 2.7% a year after tax on the capital it uses.

2%
8%
15%
25%
2.7%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 4.6%

Return on new capital

16% of the score, 18% here after data gaps

100median 33

For every dollar of operating profit earned over 6 years, yearly profit grew by 39 cents. New capital earned 15%, and 255% of profit went back into the business.

-5%
12%
39%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score, 16% here after data gaps

53median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 3.2% a year over 7 years: new shares
22
5%
-3%
3.2%
0 pointsfull points
Assets against salesAssets grew 2.5% a year, sales 6.3%
100
12%
-2%
-3.7%
0 pointsfull points

Cycle position

Taken out: its 12% is shared by the others

n/ano data

Margins have been too thin to measure a cycle against.

Balance sheet

8% of the score, 9% here after data gaps

77median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 7x
55
1.5x
12x
7.3x
0 pointsfull points

Earnings quality

6% of the score, 7% here after data gaps

91median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 4.10x profit over 3 years
100
0.7x
1x
1.3x
4.1x
0 pointsfull points
AccrualsCash ran ahead of profit by 4.5% of assets
83
8%
0%
-8%
-4.5%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For MTLS, cycle position could not be measured from the filings, so it is taken out and the remaining weights scale up.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2024-12-31, latest annual report FY2024.