ScoreWhy is Melexis NV ?
1
Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 38.40%
- Healthy long term growth as Net Sales has grown by an annual rate of 11.04%
- Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 60.96
2
The company has declared negative results in Mar'2024 after 13 consecutive positive quarters
- INTEREST(9M) At EUR 7.13 MM has Grown at 116.19 %
- OPERATING CF(Y) Lowest at EUR 3.90 MM
- ROCE(HY) Lowest at 35.61 %
3
With ROE of 25.94%, it has a Very Expensive valuation with a 4.96 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -1.84%, its profits have fallen by -36.8%
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -1.84% returns in the last 1 year, the stock has also underperformed Belgium BEL 20 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Melexis NV should be less than 10%
- Overall Portfolio exposure to Other Electrical Equipment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Electrical Equipment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Melexis NV for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Melexis NV
-1.84%
-0.39
37.03%
Belgium BEL 20
27.21%
1.71
15.93%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
11.04%
EBIT Growth (5y)
13.84%
EBIT to Interest (avg)
60.96
Debt to EBITDA (avg)
0.24
Net Debt to Equity (avg)
0.32
Sales to Capital Employed (avg)
1.56
Tax Ratio
16.54%
Dividend Payout Ratio
61.03%
Pledged Shares
0
Institutional Holding
0.02%
ROCE (avg)
38.40%
ROE (avg)
32.97%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
19
Industry P/E
Price to Book Value
4.96
EV to EBIT
17.93
EV to EBITDA
13.53
EV to Capital Employed
3.55
EV to Sales
3.28
PEG Ratio
NA
Dividend Yield
0.03%
ROCE (Latest)
19.80%
ROE (Latest)
25.94%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend
Not enough Data to analyse Financial Trend
Not enough Data to analyse Financial Trend
Here's what is working for Melexis NV
Net Sales - Quarterly
At EUR 242 MM has Grown at 5.78 %
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (EUR MM)
Profit Before Tax less Other Income (PBT) - Quarterly
At EUR 62 MM has Grown at 2.12 %
Year on Year (YoY)MOJO Watch
Near term PBT trend is very positive
PBT less Other Income (EUR MM)
Debtors Turnover Ratio- Half Yearly
Highest at 8.34 times and Grown
each half year in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Profit After Tax (PAT) - Quarterly
At EUR 53 MM has Grown at 4.0 %
Year on Year (YoY)MOJO Watch
Near term PAT trend is positive
PAT (EUR MM)
Here's what is not working for Melexis NV
Interest - Nine Monthly
At EUR 7.13 MM has Grown at 116.19 %
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (EUR MM)
Operating Cash Flow - Annually
Lowest at EUR 3.90 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (EUR MM)
Inventory Turnover Ratio- Half Yearly
Lowest at 3.79 times
in the last five half yearly periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Dividend Payout Ratio (DPR) - Annually
Lowest at 49.95 %
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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