Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stocks [1]. Group 1: Recent Price Strength Screen - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with sufficient fundamental strength to maintain their uptrend [2]. - Stocks that pass this screen are trading in the upper portion of their 52-week high-low range, indicating bullishness [2]. Group 2: Materialise (MTLS) Stock Analysis - Materialise (MTLS) has shown a solid price increase of 37.5% over the past 12 weeks, reflecting investor confidence in its potential upside [3]. - The stock has also increased by 15.9% over the last four weeks, indicating that the upward trend is still intact [4]. - MTLS is currently trading at 85.7% of its 52-week high-low range, suggesting it may be on the verge of a breakout [5]. Group 3: Fundamental Strength and Ratings - MTLS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Investment Opportunities - Besides MTLS, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting potential investment opportunities [7]. - The article mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [7].

Company Performance - Materialise (NASDAQ: MTLS) reported strong results in Q3, driven primarily by its Medical segment despite a challenging demand environment and headwinds from a business model transition in the Software segment [1] Investment Strategy - Narweena, an asset manager, focuses on identifying market dislocations due to poor understanding of long-term business prospects, aiming for excess risk-adjusted returns by targeting businesses with secular growth opportunities in markets with barriers to entry [1] - The research process emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term investment horizon [1] Market Trends - An aging population with low growth and stagnating productivity is expected to create new investment opportunities, contrasting with past trends [1] - Many industries may face stagnation or secular decline, which could paradoxically enhance business performance as competition diminishes [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments over time [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1]

Core Viewpoint - The article emphasizes the potential of Materialise (MTLS) as a strong value stock, supported by various financial metrics indicating it is undervalued compared to its industry peers [4][5][6][7][8]. Financial Metrics - MTLS holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4][3]. - The Forward P/E ratio of MTLS is 27.09, significantly lower than the industry average of 34.19, suggesting it is undervalued [4]. - The P/B ratio for MTLS is 1.30, compared to the industry average of 3.29, further indicating a favorable valuation [5]. - MTLS has a P/S ratio of 1.3, which is lower than the industry's average P/S of 3.11, reinforcing the notion of being undervalued [6]. - The P/CF ratio for MTLS is 8.83, which is attractive compared to the industry average of 9.08, highlighting its solid cash outlook [7]. Investment Outlook - The combination of these metrics suggests that MTLS is likely being undervalued at present, making it an appealing option for value investors [8].

Core Viewpoint - Materialise (MTLS) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Company Performance - Materialise is projected to earn $0.22 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 10% [8]. - Over the past three months, the Zacks Consensus Estimate for Materialise has risen by 37.5%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Materialise's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

materialise innovators you can count on Q3 2024 Financial Results Conference call | October 24, 2024 www.materialise.com | NASDAQ: MTLS Safe Harbor Summary This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations, plans, objectives, strategies an ...

[Third Quarter 2024 Performance Highlights](index=1&type=section&id=Third%20Quarter%202024%20Performance%20Highlights) [CEO Commentary](index=1&type=section&id=1.1%20CEO%20Commentary) CEO Brigitte de Vet-Veithen noted strong Q3 2024 operational results, with consolidated revenue up over 14% and Adjusted EBIT growing 89% - Consolidated revenue **increased by over 14%** in Q3 2024, with growth across all three business segments[3](index=3&type=chunk) - Materialise Medical segment revenue **increased more than 24%**, marking an especially strong quarter[3](index=3&type=chunk) - Consolidated Adjusted EBIT **grew by 89% to 4,408 thousand EUR**, reflecting strong operational leverage and continued investment[3](index=3&type=chunk) [Consolidated Financial Highlights](index=1&type=section&id=1.2%20Consolidated%20Financial%20Highlights) Materialise reported increased Q3 2024 total revenue and Adjusted EBIT, but net profit decreased due to currency effects Consolidated Financial Highlights (Q3 2024 vs Q3 2023) | Metric | Q3 2024 (thousand EUR) | Q3 2023 (thousand EUR) | Change (%) | | :----------------------- | :------------- | :------------- | :--------- | | Total Revenue | 68,652 | 60,130 | 14.2% | | Gross Profit % of Revenue| 57.2% | 56.0% | 1.2 pp | | Adjusted EBIT | 4,408 | 2,330 | 89.2% | | Adjusted EBIT Margin | 6.4% | 3.9% | 2.5 pp | | Adjusted EBITDA | 9,895 | 7,857 | 25.9% | | Net Profit | 3,038 | 4,013 | -24.3% | | Diluted EPS (EUR) | 0.05 | 0.07 | -28.6% | - Net financial result was **negative 1,137 thousand EUR** in Q3 2024, compared to **positive 1,319 thousand EUR** in Q3 2023, primarily due to unfavorable currency exchange effects[10](index=10&type=chunk) [Segmental Performance](index=1&type=section&id=Segmental%20Performance) [Materialise Medical Segment](index=1&type=section&id=2.1%20Materialise%20Medical%20Segment) The Medical segment showed robust Q3 2024 growth, with significant increases in revenue and Adjusted EBITDA and margin Materialise Medical Segment Performance (Q3 2024 vs Q3 2023) | Metric | Q3 2024 (thousand EUR) | Q3 2023 (thousand EUR) | Change (%) | | :--------------------- | :------------- | :------------- | :--------- | | Revenue | 30,197 | 24,263 | 24.5% | | Segment Adjusted EBITDA| 9,895 | 7,143 | 38.5% | | Segment Adjusted EBITDA Margin | 32.8% | 29.4% | 3.4 pp | [Materialise Software Segment](index=1&type=section&id=2.2%20Materialise%20Software%20Segment) The Software segment experienced modest Q3 2024 revenue growth and increased Adjusted EBITDA and its margin Materialise Software Segment Performance (Q3 2024 vs Q3 2023) | Metric | Q3 2024 (thousand EUR) | Q3 2023 (thousand EUR) | Change (%) | | :--------------------- | :------------- | :------------- | :--------- | | Revenue | 11,111 | 10,811 | 2.8% | | Segment Adjusted EBITDA| 1,975 | 1,781 | 10.9% | | Segment Adjusted EBITDA Margin | 17.8% | 16.5% | 1.3 pp | [Materialise Manufacturing Segment](index=1&type=section&id=2.3%20Materialise%20Manufacturing%20Segment) The Manufacturing segment saw Q3 2024 revenue growth, but Adjusted EBITDA and margin declined year-over-year Materialise Manufacturing Segment Performance (Q3 2024 vs Q3 2023) | Metric | Q3 2024 (thousand EUR) | Q3 2023 (thousand EUR) | Change (%) | | :--------------------- | :------------- | :------------- | :--------- | | Revenue | 27,344 | 25,056 | 9.1% | | Segment Adjusted EBITDA| 701 | 1,074 | -34.7% | | Segment Adjusted EBITDA Margin | 2.6% | 4.3% | -1.7 pp | [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Income Statement](index=5&type=section&id=3.1%20Consolidated%20Income%20Statement) Q3 2024 income statement shows 14.2% revenue growth and higher operating profit, but net profit decreased Consolidated Income Statement (Q3 2024 vs Q3 2023) | Metric (thousand EUR) | Q3 2024 | Q3 2023 | | :------------------------ | :------ | :------ | | Revenue | 68,652 | 60,130 | | Cost of Sales | (29,355)| (26,435)| | Gross Profit | 39,297 | 33,696 | | Gross profit as % of revenue | 57.2% | 56.0% | | Operating profit | 4,313 | 2,330 | | Financial expenses | (1,843) | (1,554) | | Financial income | 706 | 2,873 | | Net profit for the period | 3,038 | 4,013 | | Basic EPS (EUR) | 0.05 | 0.07 | | Diluted EPS (EUR) | 0.05 | 0.07 | Consolidated Income Statement (9 Months Ended Sep 30, 2024 vs 2023) | Metric (thousand EUR) | 9M 2024 | 9M 2023 | | :------------------------ | :------ | :------ | | Revenue | 201,085 | 190,832 | | Gross Profit | 114,461 | 107,583 | | Operating profit | 10,700 | 6,732 | | Net profit for the period | 10,500 | 7,234 | | Basic EPS (EUR) | 0.18 | 0.12 | | Diluted EPS (EUR) | 0.18 | 0.12 | [Consolidated Statement of Comprehensive Income](index=6&type=section&id=3.2%20Consolidated%20Statement%20of%20Comprehensive%20Income) Total comprehensive income for Q3 2024 increased, driven by positive foreign exchange differences, offsetting lower net profit Consolidated Statement of Comprehensive Income (Q3 2024 vs Q3 2023) | Metric (thousand EUR) | Q3 2024 | Q3 2023 | | :------------------------------------------ | :------ | :------ | | Net profit (loss) for the period | 3,038 | 4,013 | | Exchange difference on translation of foreign operations | 739 | (770) | | Total comprehensive income (loss) for the year, net of taxes | 3,777 | 3,242 | Consolidated Statement of Comprehensive Income (9 Months Ended Sep 30, 2024 vs 2023) | Metric (thousand EUR) | 9M 2024 | 9M 2023 | | :------------------------------------------ | :------ | :------ | | Net profit (loss) for the period | 10,500 | 7,234 | | Exchange difference on translation of foreign operations | (317) | 471 | | Total comprehensive income (loss) for the year, net of taxes | 10,183 | 7,705 | [Consolidated Statement of Financial Position (Balance Sheet)](index=7&type=section&id=3.3%20Consolidated%20Statement%20of%20Financial%20Position%20(Balance%20Sheet)) As of Sep 30, 2024, Materialise maintained a strong net cash position and increased shareholders' equity Key Balance Sheet Items (as of Sep 30, 2024 vs Dec 31, 2023) | Metric (thousand EUR) | Sep 30, 2024 | Dec 31, 2023 | | :---------------------------- | :----------- | :----------- | | Total Assets | 394,658 | 396,630 | | Cash and cash equivalents | 116,163 | 127,573 | | Gross Debt | 53,037 | 64,398 | | Net Cash Position | 63,126 | 63,175 | | Net Shareholders' Equity | 246,989 | 236,594 | [Consolidated Statement of Cash Flows](index=9&type=section&id=3.4%20Consolidated%20Statement%20of%20Cash%20Flows) 9M 2024 operating cash flow increased, but significant investments led to a net decrease in cash and equivalents Consolidated Statement of Cash Flows (9 Months Ended Sep 30, 2024 vs 2023) | Metric (thousand EUR) | 9M 2024 | 9M 2023 | | :------------------------------------ | :------ | :------ | | Net cash flow from operating activities | 25,239 | 19,963 | | Net cash flow used in investing activities | (21,055)| (8,665) |\ | Net cash flow from (used in) financing activities | (15,077)| (18,334)|\ | Net increase/(decrease) of cash & cash equivalents | (10,892)| (7,037) |\ | Cash & Cash equivalents at end of the period | 116,163 | 133,953 | - Capital expenditures for Q3 2024 amounted to **7,328 thousand EUR**[14](index=14&type=chunk) - Investing activities for the nine months ended September 30, 2024, included significant purchases of property, plant & equipment (**17,305 thousand EUR**) and the acquisition of a subsidiary (**2,670 thousand EUR** net of cash)[30](index=30&type=chunk) [Financial Guidance](index=3&type=section&id=Financial%20Guidance) [2024 Full-Year Outlook](index=3&type=section&id=4.1%202024%20Full-Year%20Outlook) Materialise reaffirmed its full-year 2024 revenue and Adjusted EBIT guidance, confident in operational performance - Full-year 2024 revenue is expected to be within the previously communicated range of **265,000 thousand EUR to 275,000 thousand EUR**[16](index=16&type=chunk) - Adjusted EBIT guidance for fiscal year 2024 is maintained at **11,000 thousand EUR to 14,000 thousand EUR**, even with the integration of the recent FEops acquisition[16](index=16&type=chunk) [Non-IFRS Financial Measures & Reconciliations](index=3&type=section&id=Non-IFRS%20Financial%20Measures%20%26%20Reconciliations) [Definition of Non-IFRS Measures](index=3&type=section&id=5.1%20Definition%20of%20Non-IFRS%20Measures) Materialise uses non-IFRS measures like Adjusted EBIT/EBITDA for operational performance, excluding financing and non-recurring items - EBIT is calculated as net profit plus income taxes, financial expenses (less financial income), and shares of profit or loss in a joint venture[17](index=17&type=chunk) - Adjusted EBIT and Adjusted EBITDA are derived by adding share-based compensation expenses, acquisition-related expenses of business combinations, impairments, and revaluation of fair value due to business combinations to EBIT and EBITDA, respectively[17](index=17&type=chunk) - Management uses these non-IFRS measures to assess the performance of day-to-day operations, excluding financing and long-term investment impacts, and also uses segment Adjusted EBITDA to evaluate business segment performance[17](index=17&type=chunk) [Reconciliation of Net Profit to EBITDA and Adjusted EBITDA](index=11&type=section&id=5.2%20Reconciliation%20of%20Net%20Profit%20to%20EBITDA%20and%20Adjusted%20EBITDA) Reconciliation shows increased Q3 and 9M 2024 EBITDA and Adjusted EBITDA, reflecting improved operational performance Reconciliation of Net Profit to EBITDA and Adjusted EBITDA (Q3 2024 vs Q3 2023) | Metric (thousand EUR) | Q3 2024 | Q3 2023 | | :------------------------ | :------ | :------ | | Net profit (loss) for the period | 3,038 | 4,013 | | EBITDA | 9,800 | 7,857 | | Adjusted EBITDA | 9,895 | 7,857 | Reconciliation of Net Profit to EBITDA and Adjusted EBITDA (9 Months Ended Sep 30, 2024 vs 2023) | Metric (thousand EUR) | 9M 2024 | 9M 2023 | | :------------------------ | :------ | :------ | | Net profit (loss) for the period | 10,500 | 7,234 | | EBITDA | 26,941 | 22,923 | | Adjusted EBITDA | 27,178 | 22,923 | - Adjustments for Q3 2024 include **71 thousand EUR** for share-based compensation expense and **24 thousand EUR** for acquisition-related expenses of business combinations (Feops acquisition)[31](index=31&type=chunk)[32](index=32&type=chunk) [Reconciliation of Net Profit to EBIT and Adjusted EBIT](index=11&type=section&id=5.3%20Reconciliation%20of%20Net%20Profit%20to%20EBIT%20and%20Adjusted%20EBIT) EBIT and Adjusted EBIT showed substantial growth in Q3 and 9M 2024, indicating improved operating profitability Reconciliation of Net Profit to EBIT and Adjusted EBIT (Q3 2024 vs Q3 2023) | Metric (thousand EUR) | Q3 2024 | Q3 2023 | | :------------------------ | :------ | :------ | | Net profit (loss) for the period | 3,038 | 4,013 | | EBIT | 4,313 | 2,330 | | Adjusted EBIT | 4,408 | 2,330 | Reconciliation of Net Profit to EBIT and Adjusted EBIT (9 Months Ended Sep 30, 2024 vs 2023) | Metric (thousand EUR) | 9M 2024 | 9M 2023 | | :------------------------ | :------ | :------ | | Net profit (loss) for the period | 10,500 | 7,234 | | EBIT | 10,700 | 6,732 | | Adjusted EBIT | 10,937 | 6,732 | - Adjustments for Q3 2024 include **71 thousand EUR** for share-based compensation expense and **24 thousand EUR** for acquisition-related expenses of business combinations (Feops acquisition)[33](index=33&type=chunk)[34](index=34&type=chunk) [Segment P&L and Adjusted EBITDA Reconciliation](index=12&type=section&id=5.4%20Segment%20P%26L%20and%20Adjusted%20EBITDA%20Reconciliation) Segment P&L shows Medical's strong Adjusted EBITDA growth, Manufacturing's decline, and impact of unallocated costs Segment Revenues and Adjusted EBITDA (Q3 2024 vs Q3 2023) | Segment | Q3 2024 Revenue (thousand EUR) | Q3 2023 Revenue (thousand EUR) | Q3 2024 Adj EBITDA (thousand EUR) | Q3 2023 Adj EBITDA (thousand EUR) | Q3 2024 Adj EBITDA % | Q3 2023 Adj EBITDA % | | :-------------- | :--------------------- | :--------------------- | :------------------------ | :------------------------ | :------------------- | :------------------- | | Medical | 30,197 | 24,263 | 9,895 | 7,143 | 32.8% | 29.4% | | Software | 11,111 | 10,811 | 1,975 | 1,781 | 17.8% | 16.5% | | Manufacturing | 27,344 | 25,056 | 701 | 1,074 | 2.6% | 4.3% | | Total Segments | 68,652 | 60,130 | 12,572 | 9,998 | 18.3% | 16.6% | | Consolidated | 68,652 | 60,130 | 9,895 | 7,857 | 14.4% | 13.1% | Segment Revenues and Adjusted EBITDA (9 Months Ended Sep 30, 2024 vs 2023) | Segment | 9M 2024 Revenue (thousand EUR) | 9M 2023 Revenue (thousand EUR) | 9M 2024 Adj EBITDA (thousand EUR) | 9M 2023 Adj EBITDA (thousand EUR) | 9M 2024 Adj EBITDA % | 9M 2023 Adj EBITDA % | | :-------------- | :--------------------- | :--------------------- | :------------------------ | :------------------------ | :------------------- | :------------------- | | Medical | 84,522 | 73,528 | 26,015 | 17,179 | 30.8% | 23.4% | | Software | 32,775 | 33,192 | 4,439 | 6,190 | 13.5% | 18.7% | | Manufacturing | 83,789 | 84,112 | 4,648 | 6,980 | 5.5% | 8.3% | | Total Segments | 201,085 | 190,832 | 35,103 | 30,349 | 17.5% | 15.9% | | Consolidated | 201,085 | 190,833 | 27,178 | 22,923 | 13.5% | 12.0% | - Unallocated segment adjusted EBITDA, which includes corporate R&D and other operating income/expense, and acquisition-related adjustments, amounted to **(2,677) thousand EUR** in Q3 2024 and **(7,925) thousand EUR** for the nine months ended September 30, 2024[35](index=35&type=chunk)[36](index=36&type=chunk) [Corporate Information](index=3&type=section&id=Corporate%20Information) [Exchange Rate Information](index=3&type=section&id=6.1%20Exchange%20Rate%20Information) Euro amounts are translated to U.S. dollars using the ECB's reference rate of EUR 1.00 to USD 1.1196 as of Sep 30, 2024 - All translations from euros to U.S. dollars in the document were made at a rate of **EUR 1.00 to USD 1.1196**, based on the European Central Bank's reference rate on September 30, 2024[18](index=18&type=chunk) [Conference Call and Webcast](index=3&type=section&id=6.2%20Conference%20Call%20and%20Webcast) Materialise hosted a conference call and webcast on Oct 24, 2024, to discuss Q3 2024 results with CEO and CFO - A conference call and simultaneous webcast were held on Thursday, October 24, 2024, at 8:30 a.m. ET/2:30 p.m. CET to discuss the Q3 2024 financial results[19](index=19&type=chunk) - Company participants included CEO Brigitte de Vet-Veithen and CFO Koen Berges[19](index=19&type=chunk) - The webcast and accompanying slide presentation are accessible on the company's investor relations website and will be archived for one year[21](index=21&type=chunk) [About Materialise](index=4&type=section&id=6.3%20About%20Materialise) Materialise is a leading provider of additive manufacturing and medical software, and 3D printing services - Materialise incorporates over 30 years of 3D printing experience into software solutions and 3D printing services, forming the backbone of the 3D printing industry[22](index=22&type=chunk) - The company's open and flexible solutions support diverse industries such as healthcare, automotive, aerospace, art and design, and consumer goods[22](index=22&type=chunk) - Headquartered in Belgium with global branches, Materialise combines a large group of software developers with one of the world's most extensive 3D printing facilities[22](index=22&type=chunk) [Cautionary Statement on Forward-Looking Statements](index=4&type=section&id=6.4%20Cautionary%20Statement%20on%20Forward-Looking%20Statements) The press release contains forward-looking statements subject to uncertainties and risks, not guarantees of future performance - The press release contains forward-looking statements concerning intentions, beliefs, projections, and financial outlook, including estimates for current fiscal year revenue and Adjusted EBIT[23](index=23&type=chunk) - These statements are subject to known and unknown uncertainties and risks, including those related to armed conflicts, inflation, and increased costs, and are not guarantees of future performance[23](index=23&type=chunk) - The company does not undertake any obligation to update forward-looking statements unless required by federal securities laws[24](index=24&type=chunk)

vm/E+ via Getty Images The last time I wrote about Materialise NV (NASDAQ:MTLS), I suggested that macro headwinds and ongoing investments would probably limit near-term upside, despite the company's favorable valuation. The stock is now up over 20% since then on the back of stronger-than-expected Q2 results. Growth investments and the transition to a cloud-based software business continue to weigh on margins and growth, but Materialise's business appears to be turning the corner. Headwinds should ease over ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fi ...

LEUVEN, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing software and sophisticated 3D printing solutions, today announced that it will host its Annual General Shareholders' Meeting at 10:00 am CEST on Tuesday, June 4, 2024. The convening notices and other documents pertaining to the Annual General Shareholders' Meeting, including the annual report, are available on Materialise's website at https://investors.materialise.com/governance- docu ...

LEUVEN, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing software and sophisticated 3D printing solutions, today announced that it will host its Annual General Shareholders' Meeting at 10:00 am CEST on Tuesday, June 4, 2024. The convening notices and other documents pertaining to the Annual General Shareholders' Meeting, including the annual report, are available on Materialise's website at https://investors.materialise.com/governance- docu ...