MELEXIS N.V.

MELE
Real-time Quote. Real-time  - 01/21 11:35:23 am
95.4EUR -2.70%

Melexis N.V. : Technically solid

01/13/2022 | 08:29am
Jordan Dufee
Senior Analyst

Strategy published on : 01/13/2022 | 08:29

long trade
Stop-loss triggered

Entry price : 104.4€
Target : 125€
Stop-loss : 95€
Potential : 19.73%

The underlying tendency is to the upside for shares in Melexis N.V. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the € 125.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● The company presents an interesting fundamental situation from a short-term investment perspective.


Strengths

● Before interest, taxes, depreciation and amortization, the company's margins are particularly high.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● The company is in a robust financial situation considering its net cash and margin position.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.


Weaknesses

● The firm trades with high earnings multiples: 32.16 times its 2021 earnings per share.

● Based on current prices, the company has particularly high valuation levels.

● The company appears highly valued given the size of its balance sheet.

● The valuation of the company is particularly high given the cash flows generated by its activity.

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