Munters Group AB (publ)

BATS-CHIXE:MTRSS Stock Report

Market Cap: SEK 32.9b

Munters Group Valuation

Is MTRSS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MTRSS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MTRSS (SEK188.23) is trading below our estimate of future cash flow value (SEK268.38)

Significantly Below Future Cash Flow Value: MTRSS is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTRSS?

Key metric: As MTRSS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MTRSS. This is calculated by dividing MTRSS's market cap by their current earnings.
What is MTRSS's PE Ratio?
PE Ratio64.8x
EarningsSEK 507.00m
Market CapSEK 32.86b

Price to Earnings Ratio vs Peers

How does MTRSS's PE Ratio compare to its peers?

The above table shows the PE ratio for MTRSS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
FAN Volution Group
24.3x12.98%UK£1.2b
GEN Genuit Group
14.7x12.58%UK£663.5m
JHD James Halstead
13.1x2.87%UK£495.5m
NXR Norcros
27.5x27.69%UK£280.2m
MTRSS Munters Group
64.8x49.16%SEK 32.9b

Price-To-Earnings vs Peers: MTRSS is expensive based on its Price-To-Earnings Ratio (64.8x) compared to the peer average (19.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MTRSS's PE Ratio compare vs other companies in the European Building Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTRSS is expensive based on its Price-To-Earnings Ratio (64.8x) compared to the European Building industry average (19.4x).

Price to Earnings Ratio vs Fair Ratio

What is MTRSS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTRSS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MTRSS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MTRSS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 188.23
SEK 229.38
+21.86%
9.59%SEK 260.00SEK 185.00n/a8
Jul ’27SEK 172.85
SEK 222.50
+28.72%
11.39%SEK 260.00SEK 185.00n/a8
Jun ’27SEK 189.75
SEK 221.00
+16.47%
9.78%SEK 250.00SEK 185.00n/a7
May ’27SEK 195.80
SEK 219.57
+12.14%
10.99%SEK 250.00SEK 175.00n/a7
Apr ’27n/a
SEK 210.83
0%
10.01%SEK 235.00SEK 175.00n/a6
Mar ’27n/a
SEK 210.83
0%
10.01%SEK 235.00SEK 175.00n/a6
Feb ’27SEK 169.30
SEK 210.83
+24.53%
10.01%SEK 235.00SEK 175.00n/a6
Jan ’27n/a
SEK 199.00
0%
13.43%SEK 225.00SEK 150.00n/a5
Dec ’26SEK 157.15
SEK 188.00
+19.63%
11.48%SEK 210.00SEK 150.00n/a5
Nov ’26SEK 165.50
SEK 185.00
+11.78%
10.81%SEK 210.00SEK 150.00n/a5
Oct ’26SEK 110.65
SEK 160.00
+44.60%
13.55%SEK 200.00SEK 135.00n/a5
Sep ’26SEK 130.90
SEK 167.40
+27.88%
16.63%SEK 220.00SEK 140.00n/a5
Aug ’26n/a
SEK 167.40
0%
16.63%SEK 220.00SEK 140.00n/a5
Jul ’26SEK 136.30
SEK 166.80
+22.38%
16.71%SEK 220.00SEK 140.00SEK 172.855
Jun ’26n/a
SEK 173.80
0%
19.06%SEK 220.00SEK 125.00SEK 189.755
May ’26SEK 124.50
SEK 173.80
+39.60%
19.06%SEK 220.00SEK 125.00SEK 195.805
Apr ’26n/a
SEK 201.80
0%
15.77%SEK 250.00SEK 150.00n/a5
Mar ’26n/a
SEK 201.80
0%
15.77%SEK 250.00SEK 150.00n/a5
Feb ’26n/a
SEK 218.00
0%
17.68%SEK 270.00SEK 155.00SEK 169.305
Jan ’26n/a
SEK 211.00
0%
15.75%SEK 260.00SEK 160.00n/a5
Dec ’25n/a
SEK 211.00
0%
15.75%SEK 260.00SEK 160.00SEK 157.155
Nov ’25SEK 181.00
SEK 227.00
+25.41%
8.19%SEK 260.00SEK 205.00SEK 165.505
Oct ’25SEK 230.20
SEK 245.00
+6.43%
10.70%SEK 280.00SEK 215.00SEK 110.654
Sep ’25n/a
SEK 245.00
0%
10.70%SEK 280.00SEK 215.00SEK 130.904
Aug ’25SEK 236.40
SEK 245.00
+3.64%
10.70%SEK 280.00SEK 215.00n/a4
Jul ’25n/a
SEK 220.00
0%
17.08%SEK 260.00SEK 180.00SEK 136.304
SEK 239.86
Fair Value
21.5% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/24 02:16
End of Day Share Price 2026/07/22 00:00
Earnings2026/06/30
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

Munters Group AB (publ) is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon JonssonBerenberg
Kenneth Toll JohanssonCarnegie Investment Bank AB