Mister Spex SE

XTRA:MRX Stock Report

Market Cap: €41.3m

Mister Spex Past Earnings Performance

Past criteria checks 0/6

Mister Spex's earnings have been declining at an average annual rate of -17.7%, while the Specialty Retail industry saw earnings declining at 5.7% annually. Revenues have been growing at an average rate of 0.2% per year.

Key information

-17.74%

Earnings growth rate

3.95%

EPS growth rate

Specialty Retail Industry Growth4.13%
Revenue growth rate0.18%
Return on equity-69.60%
Net Margin-15.51%
Next Earnings Update13 Aug 2026

Recent past performance updates

Recent updates

Narrative Update Jun 01

MRX: Future Returns Will Reflect Store Expansion And Salesforce Infrastructure Overhaul

Analysts have kept their Mister Spex fair value estimate steady at €1.20. A slightly lower discount rate, softer revenue growth and profit margin expectations, and a higher future P/E assumption have led to a refined price target narrative.
Narrative Update May 01

MRX: Future Store Expansion And Eye Health Services Will Drive Reassessment

Analysts have cut their price target on Mister Spex from €4.18 to €3.03, citing updated assumptions for fair value, discount rate, revenue, profit margin and future P/E. What's in the News Mister Spex plans to open a new store in Hamburg Bergedorf on April 1, 2026, taking its German network to 67 locations and four stores in Hamburg, with a focus on high footfall areas and in person consultation for services such as prescription lenses and eye health checks (Key Developments).
Narrative Update Apr 16

MRX: Future Returns Will Reflect Store Expansion Tech Overhaul And Margin Stability

Analysts have held their fair value estimate for Mister Spex steady at €1.20, with only modest tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions informing this unchanged price target. What's in the News Mister Spex plans to open a new store in Hamburg Bergedorf on April 1, 2026, taking its German network to 67 locations and four in Hamburg, with a focus on high footfall areas and consultation heavy services such as prescription lenses and eye health checks (Key Developments).
Narrative Update Apr 01

MRX: Future Returns Will Balance Tech Overhaul Store Expansion And Margin Stability

Analysts have adjusted their price target on Mister Spex to reflect a revised view that now assumes slightly lower discount rates, a change from a 5.31% revenue decline to 1.35% growth, a small uptick in profit margin to about 3.04%, and a modestly lower future P/E of roughly 10.70x. What's in the News Mister Spex is overhauling its technology stack by moving from customized legacy systems to Salesforce's integrated platform, aiming to reduce complexity and support future growth (Client Announcements).
Narrative Update Mar 18

MRX: Future Returns Will Balance Revenue Decline With New Stores And Profit Focus

Analysts have nudged their Mister Spex price target slightly higher to €1.20, reflecting small tweaks to the discount rate, revenue growth assumptions, profit margin outlook and forward P/E that broadly offset each other in the refreshed model. What's in the News Mister Spex opened a new premium store on Berlin's Kurfurstendamm on February 26, 2026, bringing its network to seven stores in Berlin and 66 across Germany, with a focus on locations where brand awareness and demand for optical services are already established (Key Developments).
Narrative Update Mar 03

MRX: Fair Outlook Will Balance Revenue Decline With Profitability And Cash Focus

Analysts have trimmed their price target on Mister Spex from €1.40 to €1.20, citing updated assumptions that now include a revenue decline of about 5.32%, a slightly higher discount rate of 9.31% and a modestly higher future P/E of about 11.23x, while leaving profit margin expectations broadly unchanged. What's in the News Mister Spex SE confirmed its earnings guidance for the 2025 financial year, keeping its focus on profitability, cash management and operational execution (Key Developments).
Narrative Update Feb 17

MRX: Fair Outlook Will Balance Revenue Guidance Cut And Profitability Focus

Analysts have trimmed their Mister Spex price target slightly to €1.40, reflecting updated assumptions for discount rates, revenue growth, profit margins and future P/E that keep their fair value view broadly unchanged. What's in the News Mister Spex SE confirmed its earnings guidance for the 2025 financial year, giving investors a clearer view of management expectations for the near term (Key Developments).
Narrative Update Feb 02

MRX: Fair Outlook Will Balance Revenue Decline Guidance And Margin Expectations

Analysts have reduced their fair value estimate for Mister Spex from €1.70 to €1.40, citing updated assumptions for discount rates, revenue growth, profit margins and a lower future P/E multiple. What's in the News Mister Spex SE confirmed earnings guidance for the full year 2025, expecting a net revenue decline in a range of 10% to 20%.
Analysis Article Nov 16

Mister Spex SE (ETR:MRX) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

It's been a good week for Mister Spex SE ( ETR:MRX ) shareholders, because the company has just released its latest...
Analysis Article Jul 17

Mister Spex SE (ETR:MRX) Stock Rockets 39% As Investors Are Less Pessimistic Than Expected

Mister Spex SE ( ETR:MRX ) shares have continued their recent momentum with a 39% gain in the last month alone...
Analysis Article Jun 28

Should You Investigate Mister Spex SE (ETR:MRX) At €1.27?

Mister Spex SE ( ETR:MRX ), is not the largest company out there, but it saw significant share price movement during...
Analysis Article Apr 28

More Unpleasant Surprises Could Be In Store For Mister Spex SE's (ETR:MRX) Shares After Tumbling 27%

Mister Spex SE ( ETR:MRX ) shareholders that were waiting for something to happen have been dealt a blow with a 27...
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New Narrative Apr 10

SpexFocus Program Will Streamline Operations And Reduce Complexity

SpexFocus program aims to improve net margins by reducing overhead and streamlining operations, enhancing operational efficiency.
Analysis Article Nov 26

Mister Spex SE's (ETR:MRX) 31% Share Price Plunge Could Signal Some Risk

To the annoyance of some shareholders, Mister Spex SE ( ETR:MRX ) shares are down a considerable 31% in the last month...
Analysis Article Nov 17

Analysts Have Been Trimming Their Mister Spex SE (ETR:MRX) Price Target After Its Latest Report

It's been a mediocre week for Mister Spex SE ( ETR:MRX ) shareholders, with the stock dropping 10% to €1.72 in the week...
Analysis Article Aug 09

At €2.55, Is It Time To Put Mister Spex SE (ETR:MRX) On Your Watch List?

Mister Spex SE ( ETR:MRX ), might not be a large cap stock, but it saw significant share price movement during recent...
Analysis Article Jun 07

Investors Appear Satisfied With Mister Spex SE's (ETR:MRX) Prospects As Shares Rocket 29%

Mister Spex SE ( ETR:MRX ) shareholders are no doubt pleased to see that the share price has bounced 29% in the last...
Analysis Article Mar 29

Is There Now An Opportunity In Mister Spex SE (ETR:MRX)?

While Mister Spex SE ( ETR:MRX ) might not have the largest market cap around , it saw a decent share price growth of...
Analysis Article Jan 31

Mister Spex SE (ETR:MRX) Not Flying Under The Radar

With a median price-to-sales (or "P/S") ratio of close to 0.4x in the Specialty Retail industry in Germany, you could...

Revenue & Expenses Breakdown

How Mister Spex makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

XTRA:MRX Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26179-28190
31 Dec 25184-28190
30 Sep 25186-69250
30 Jun 25197-79230
31 Mar 25214-82230
31 Dec 24221-85230
30 Sep 24227-55270
30 Jun 24229-49400
31 Mar 24229-49270
31 Dec 23228-48270
30 Sep 23226-44270
30 Jun 23225-44270
31 Mar 23220-43270
31 Dec 22217-45270
30 Sep 22218-32260
30 Jun 22209-31260
31 Mar 22204-36260
31 Dec 21201-32260
30 Sep 21195-29190
30 Jun 21190-23190
31 Mar 21178-11150
31 Dec 20168-10190
31 Dec 19143-9180
31 Dec 18126-11220
31 Dec 17107-14220

Quality Earnings: MRX is currently unprofitable.

Growing Profit Margin: MRX is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MRX is unprofitable, and losses have increased over the past 5 years at a rate of 17.7% per year.

Accelerating Growth: Unable to compare MRX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRX is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-0.3%).


Return on Equity

High ROE: MRX has a negative Return on Equity (-69.6%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 04:06
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mister Spex SE is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Beatrice AllenBerenberg
Graham RenwickBerenberg
Martin ComtesseJefferies LLC