VTXPF - Materialise NV: Consolidation And New Developments To Emerge As A Rising Star In The Additive Manufacturing Industry

2024-01-31 09:39:06 ET

Summary

• Materialise NV currently exhibits better growth, margins and fundamentals than its main competitors, positioning itself well in an industry that is estimated to grow at a CAGR of 16% until 2032;
• The medical business unit (c.a. 38.5% of total revenues in 9M23) continues to achieve double-digit growth, with the appointment of the new CEO to focus strongly on this segment;
• Both the analysis of multiples and DCF here presented show that the current share valuation is 40-45% below its fundamental value.

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