---
canonical_url: https://www.stockexpertai.com/zh/stock/mtls
last_updated: 2026-07-13T00:00:00Z
doc_version: "1.0"
language: zh
title: Materialise NV (MTLS) — Stock Expert AI 的人工智能股票分析
description: Materialise NV (MTLS) — Stock Expert AI 的人工智能股票分析。Materialise NV 是一家增材制造和医疗软件解决方案的全球领导者。该公司通过三个部门运营：软件、医疗和制造，为 3D 打印应用提供端到端解决方案。
author: Sedat ANAK，创始人兼主编
publisher: Stock Expert AI
ticker: MTLS
exchange: NASDAQ
---

# Materialise NV (MTLS) — Stock Expert AI 的人工智能股票分析

> **来源:** Stock Expert AI ([https://www.stockexpertai.com/zh/stock/mtls](https://www.stockexpertai.com/zh/stock/mtls))  
> **Markdown 源:** https://www.stockexpertai.com/zh/stock/mtls.md  
> **最后更新:** 2026-07-13T00:00:00Z  
> **免责声明:** 这不是财务建议。仅供教育目的。

Materialise NV (MTLS) — Stock Expert AI 的人工智能股票分析。Materialise NV 是一家增材制造和医疗软件解决方案的全球领导者。该公司通过三个部门运营：软件、医疗和制造，为 3D 打印应用提供端到端解决方案。

## 快速回答

MTLS 代表 Materialise NV，一家 技术 企业，价格为 $6.84（市值 $400.52M）。 在增长潜力、财务健康和势头方面评级为 49/100（谨慎）。

Materialise NV 是一家增材制造和医疗软件解决方案的全球领导者。该公司通过三个部门运营：软件、医疗和制造，为 3D 打印应用提供端到端解决方案。

## 概览

- **Price:** $6.84 (+0.07 / +1.03%)
- **Market Cap:** $400.52M
- **Sector:** 技术
- **Industry:** 软件 - 应用
- **MoonshotScore:** 49/100 (Grade C)
- **P/E Ratio:** 33.07
- **Analyst Target Price:** $10.00
- **Volume:** 47.8K
- **ADR Home Country:** Leuven, BE

## 关于 Materialise NV

Materialise NV成立于1990年，总部位于比利时鲁汶，是增材制造（也称为3D打印）领域的先驱。该公司提供全面的解决方案，包括软件、医疗设备和制造服务。Materialise通过三个主要部门运营：Materialise软件、Materialise医疗和Materialise制造。Materialise软件部门开发和分销软件解决方案，以增强3D打印机的功能并简化3D打印操作。这包括在3D打印机、CAD/CAM软件包和3D扫描仪之间进行接口连接的软件。Materialise医疗部门专注于为基于图像的分析以及患者特定手术设备和植入物的设计提供医疗软件。Materialise制造部门为工业和商业客户提供3D打印服务、设计和工程服务以及快速原型制作。Materialise为汽车、航空航天、消费品、助听器和医疗保健等多个行业提供服务。该公司已与领先的医疗设备公司（如Zimmer Biomet Holdings, Inc.、Medtronic Inc.和Abbott Laboratories Inc.）建立了合作协议，以进一步扩大其在医疗领域的影响力。Materialise的业务遍及全球，为美洲、欧洲和非洲以及亚太地区的客户提供服务。

## 关键事实

- **CEO:** Brigitte de Vet-Veithen
- **Headquarters:** Leuven, BE
- **Employees:** 488
- **IPO:** 2014

## 业务内容

- 提供增材制造软件解决方案。
- 提供用于基于图像的分析和手术设计的医疗软件。
- 为工业和商业客户提供3D打印服务。
- 提供设计和工程服务。
- 提供快速原型制作和生产零件的增材制造。
- 在3D打印机、CAD/CAM软件包和3D扫描仪之间进行接口连接。

## 商业模式

- 软件许可：通过许可其增材制造和医疗软件产生收入。
- 服务费：通过提供 3D 打印、设计和工程服务赚取收入。
- 医疗解决方案：来自患者特定手术设备和植入物的收入。
- 制造服务：来自快速原型制作和生产零件的增材制造的收入。

## 投资论点

Materialise NV在增材制造领域提供了一个引人注目的投资机会。该公司多元化的收入来源，涵盖软件、医疗解决方案和制造服务，提供了弹性和增长潜力。Materialise的毛利率为57.1%，市盈率为33.85，表明其具有盈利能力和增长前景。即将到来的催化剂包括扩大与医疗设备行业的合作关系，以及在航空航天领域增加对其软件解决方案的采用。然而，潜在的风险包括来自其他3D打印公司的竞争以及全球经济状况的波动。该公司的beta值为1.23，表明与市场相比，波动性更高。

## 增长机会

- 在医疗设备领域的扩张：Materialise在医疗设备领域具有巨大的增长潜力。通过利用其医疗软件和3D打印能力，该公司可以开发患者特定的植入物和手术设备。预计到2030年，个性化医疗设备市场将达到400亿美元，为Materialise增加收入和市场份额提供了巨大的机会。与Zimmer Biomet Holdings, Inc.、Medtronic Inc.和Abbott Laboratories Inc.的持续合作促进了这一扩张。
- 增加软件解决方案的采用：Materialise的软件部门提供了重要的增长机会。该公司的软件解决方案增强了3D打印机的功能并简化了3D打印操作。随着越来越多的公司采用3D打印技术，预计对Materialise软件解决方案的需求将会增加。预计到2028年，全球3D打印软件市场将达到25亿美元，为Materialise扩展其软件业务提供了有利的环境。
- 渗透航空航天工业：航空航天工业越来越多地采用3D打印技术来制造轻量化和复杂的组件。Materialise可以通过向航空航天公司提供其3D打印服务和软件解决方案来利用这一趋势。预计到2027年，3D打印航空航天组件的市场将达到60亿美元，为Materialise提供了巨大的增长机会。该公司在设计和工程服务方面的专业知识使其能够很好地为航空航天工业提供服务。
- 战略合作伙伴关系和合作：Materialise可以通过与其他公司建立战略合作伙伴关系和合作来推动增长。通过与领先的医疗设备公司合作，该公司可以扩大其在医疗保健领域的影响力。与汽车和航空航天公司的合作还可以帮助Materialise渗透新市场并增加其收入。这些合作伙伴关系可以提供获得新技术、客户和分销渠道的机会，从而加速公司的增长轨迹。
- 在亚太地区的地域扩张：亚太地区代表着Materialise的一个重要增长机会。该地区正在经历快速的经济增长，并且越来越多地采用3D打印技术。通过扩大其在亚太地区的业务，Materialise可以进入新市场并增加其收入。预计到2025年，亚太地区的3D打印市场将达到100亿美元，为Materialise扩展其业务提供了巨大的机会。该公司可以建立本地合作伙伴关系和分销渠道，以有效地为亚太市场提供服务。

## 主要亮点

- 0.31亿美元的市值反映了该公司在增材制造市场中的当前估值。
- 33.85的市盈率表明投资者为Materialise的收益支付了溢价，表明了增长预期。
- 57.1%的毛利率表明该公司有能力有效地管理生产成本并保持盈利能力。
- 2.9%的利润率表示在扣除所有费用（包括税款）后，收入转化为利润的百分比。
- 1.23的beta值表明该股票比市场更具波动性，可能提供更高的回报，但也带来更大的风险。

## 竞争护城河

- 专有软件：Materialise 的软件解决方案增强了 3D 打印机的功能并简化了 3D 打印操作，从而创造了竞争优势。
- 医疗专业知识：该公司在医疗软件和患者特定设备设计方面的专业知识为医疗保健领域提供了强大的竞争优势。
- 既定的合作伙伴关系：Materialise 与领先的医疗设备公司建立了合作协议，为竞争对手设置了进入壁垒。
- 全面解决方案：Materialise 提供全面的解决方案，涵盖软件、医疗解决方案和制造服务，与专注于单一领域的公司相比，具有竞争优势。

## 竞争对手

- **[Bakkt Holdings, Inc.](https://www.stockexpertai.com/zh/stock/bkkt):** 提供数字资产和加密货币解决方案。
- **[Cormark Securities Inc.](https://www.stockexpertai.com/zh/stock/cmrc):** 提供投资银行和财务咨询服务。
- **[Egan](https://www.stockexpertai.com/zh/stock/egan):** Jones Ratings Company — 提供独立的信用评级和研究。
- **[Grizzly Research LLC](https://www.stockexpertai.com/zh/stock/grrr):** 提供投资研究和尽职调查服务。
- **[Law Finance Group Ltd.](https://www.stockexpertai.com/zh/stock/law):** 专门从事诉讼融资和投资。

## SWOT 分析

### 优势

- 全面的增材制造解决方案套件。
- 在医疗软件和患者特定设备设计方面的强大专业知识。
- 与领先的医疗设备公司建立了合作伙伴关系。
- 全球业务和多元化的客户群。

### 劣势

- 与较大的竞争对手相比，市值相对较小。
- 依赖于增材制造行业的增长。
- 暴露于全球经济状况的波动。
- 与已建立的科技公司相比，品牌认知度有限。

### 机会

- 通过个性化解决方案在医疗设备领域进行扩张。
- 航空航天和汽车行业中软件解决方案的采用率不断提高。
- 渗透到亚太地区和其他新兴市场的新市场。
- 与其他公司建立战略合作伙伴关系和合作。

### 威胁

- 来自其他 3D 打印公司和软件提供商的竞争。
- 可能颠覆增材制造行业的技术进步。
- 与医疗设备和 3D 打印相关的法规和标准的变更。
- 可能减少对 3D 打印服务和软件需求的经济衰退。

## 催化剂(看涨情景)

- 即将推出：扩大与医疗设备公司的合作，以开发个性化植入物和手术解决方案。
- 即将推出：Materialise 的软件解决方案在航空航天和汽车行业的采用率不断提高。
- 持续进行：医疗保健领域对 3D 打印服务和软件的需求不断增长。
- 持续进行：与研究机构和大学进行战略合作，以推进增材制造技术。

## 风险(看跌情景)

- 潜在风险：来自其他 3D 打印公司和软件提供商的竞争。
- 潜在风险：可能颠覆增材制造行业的技术进步。
- 潜在风险：与医疗设备和 3D 打印相关的法规和标准的变更。
- 持续进行：可能减少对 3D 打印服务和软件需求的全球经济状况波动。

## 领导层

**Brigitte de Vet-Veithen** — CEO

Brigitte de Vet-Veithen serves as the CEO of Materialise N.V., leading its global operations and strategic direction. Her career history prior to this role is not detailed in the provided data, but her leadership of a technology company with 488 employees suggests a strong background in technology management, operational excellence, and strategic growth. Her expertise likely encompasses navigating complex technological landscapes and fostering innovation within a specialized industry.

**业绩记录:** Under Brigitte de Vet-Veithen's leadership, Materialise N.V. continues to manage its three core segments: Materialise Software, Materialise Medical, and Materialise Manufacturing, maintaining its position in the additive manufacturing and medical software markets. Her tenure is marked by the ongoing management of significant collaboration agreements with major medical device companies, which are crucial for the company's medical segment growth.

## ADR 分析

- **什么是 ADR:** An American Depositary Receipt (ADR) is a certificate issued by a U.S. bank representing shares in a foreign stock. Materialise N.V. (MTLS) trades as an ADR, allowing U.S. investors to buy shares of a non-U.S. company on U.S. exchanges, simplifying international investment. Each MTLS ADR represents a specific number of underlying shares of Materialise N.V. stock traded on its home exchange in Belgium, with the depositary bank managing the ownership and dividend distribution.
- **本国市场:** The primary stock exchange for Materialise N.V. is located in Belgium, where the company is headquartered in Leuven.
- **货币风险:** Holders of Materialise N.V. ADRs are exposed to currency risk because the underlying shares trade in Euros (EUR) on the Belgian market. Fluctuations in the EUR/USD exchange rate can impact the value of the ADR in U.S. dollars, even if the underlying stock price in EUR remains stable. A strengthening U.S. dollar relative to the Euro would typically decrease the dollar value of the ADR, while a weakening dollar would increase it, affecting investor returns.
- **ADR 级别:** Materialise N.V. is a Level 2 ADR. This means the company has registered with the U.S. Securities and Exchange Commission (SEC) and files annual reports (Form 20-F), providing greater transparency than Level 1 ADRs. Level 2 ADRs can be listed on major U.S. stock exchanges like NASDAQ or NYSE, offering better liquidity and broader investor access compared to over-the-counter (OTC) traded Level 1 ADRs.
- **税务影响:** Foreign dividend withholding tax rates and applicable treaties for Belgian companies distributing dividends to U.S. ADR holders are not specified in the provided data. Investors should consult tax professionals regarding specific tax implications.
- **交易时间差:** Materialise N.V.'s underlying shares trade on a Belgian exchange, typically during European market hours (e.g., 9:00 AM to 5:30 PM CET). U.S. ADRs (MTLS) trade during U.S. market hours (e.g., 9:30 AM to 4:00 PM ET). This difference means that news or events occurring outside U.S. trading hours can impact the opening price of the ADR the following day.

## 常见问题

### What does Materialise N.V. do?

Materialise N.V. is a Belgian technology company that operates in the additive manufacturing and medical software sectors, complemented by comprehensive 3D printing services. The company's business is structured into three segments: Materialise Software provides essential programs and platforms that enable and enhance 3D printing operations for machine manufacturers and various industries. Materialise Medical offers specialized software for medical-image based analysis and the design of patient-specific surgical devices and implants, serving medical device companies and healthcare providers. Lastly, Materialise Manufacturing delivers 3D printing services, design, and engineering expertise for rapid prototyping and production parts to industrial and commercial customers globally.

### How does Materialise N.V. generate revenue from its technology products?

Materialise N.V. generates revenue primarily through a diversified model across its three segments. In its Materialise Software segment, revenue is derived from licensing its proprietary software platforms to 3D printing machine manufacturers, production companies, and service bureaus. This often includes initial license fees and potentially recurring revenue from maintenance, support, and subscription models for ongoing access to updates and advanced features. The Materialise Medical segment earns revenue through the sale of its specialized medical software, which facilitates patient-specific design, and from related services such as engineering and consulting for medical device companies and hospitals. The Materialise Manufacturing segment generates revenue directly from providing 3D printing services for rapid prototyping and the production of end-use parts, along with design and engineering services to industrial clients.

### How exposed is Materialise N.V. to technology disruption risks?

Materialise N.V. operates in highly dynamic technology sectors, making it inherently exposed to disruption risks. In the additive manufacturing software space, the emergence of new, more efficient algorithms, open-source alternatives, or integrated hardware-software solutions from competitors could challenge its market position. Similarly, in the medical software segment, rapid advancements in AI-driven diagnostics, new imaging modalities, or alternative personalized manufacturing techniques could potentially disrupt its current offerings. The company mitigates these risks through continuous research and development, strategic collaborations with industry leaders, and maintaining a comprehensive, integrated ecosystem of software and services. However, failure to adapt quickly to paradigm shifts or significant competitive innovations could impact its long-term growth trajectory.

### What are Materialise N.V.'s competitive advantages in the 3D printing market?

Materialise N.V. possesses several key competitive advantages in the 3D printing market. Firstly, its extensive and proprietary software suite acts as a foundational element, integrating various 3D printers and design applications, which creates a significant barrier to entry for new competitors. This comprehensive software ecosystem enhances operational efficiency and product quality for its users. Secondly, its deep specialization and intellectual property in the medical sector, particularly in patient-specific design and surgical planning, differentiate it from generalist 3D printing companies. Thirdly, the company benefits from long-standing and strategic collaboration agreements with major medical device companies, which provide stable revenue streams, market access, and validate its technological leadership. Finally, its integrated offering across software, medical, and manufacturing segments allows it to provide end-to-end solutions, making it a preferred partner for complex additive manufacturing needs.

## 数据来源

- Financial Modeling Prep (FMP)
- Stock Expert AI proprietary analysis

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