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Munters Group AB (publ)OM:MTRS Stock Report

Market Cap SEK 20.8b
Share Price
SEK 114.00
My Fair Value
SEK 160
28.7% undervalued intrinsic discount
1Y-51.2%
7D1.2%
Portfolio Value
​
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Munters Group AB (publ)

OM:MTRS Stock Report

Market Cap: SEK 20.8b

Munters Group (MTRS) Stock Overview

Provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia. More details

MTRS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends2/6

Rewards

Trading at 25.9% below our estimate of its fair value

Earnings are forecast to grow 21.93% per year

Analysts in good agreement that stock price will rise by 40.4%

Risk Analysis

Has a high level of debt


MTRS Community Fair Values

Create Narrative

See what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Munters Group

Digitalization And Green Manufacturing Will Expand Global Markets

Key Takeaways Strong demand in data centers and digitalization, along with sustainability-focused innovation, is driving growth in revenue, margins, and premium market positioning. Acquisitions, digital transformation, and operational efficiency initiatives are expanding market reach and recurring revenues, accelerating profitability and earnings quality.
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SEK 160
FV
28.7% undervalued intrinsic discount
4.05%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
8users have followed this narrative
Updated narrative
MTRS logo
Munters Group

AI And Data Centers Will Unlock Massive Market Opportunity

Key Takeaways Exiting competitors and rising demand in data centers position Munters to gain market share, improve margins, and command premium pricing with proprietary technology. Expansion in recurring software revenues and successful M&A drive higher-quality earnings, while megatrends and new regulations expand the company's long-term growth opportunities.
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SEK 220
FV
48.2% undervalued intrinsic discount
5.10%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
23 days ago author updated this narrative
MTRS logo
Munters Group

Overvaluation Will Expose Vulnerabilities Despite Modest Market Opportunities

Key Takeaways Reliance on hyperscale data centers and exposure to disruptive technologies threaten revenue stability and growth in core product segments. Rising regulatory costs, competitive pressure, and higher leverage may erode profitability and heighten financial risk going forward.
View narrative
SEK 125
FV
8.8% undervalued intrinsic discount
0.81%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 2 months ago author updated this narrative
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NeoVolta

The Next Phase of Energy Storage: How NeoVolta Is Tackling America’s Power Crunch

Battery storage is no longer a niche corner of clean tech. It’s emerging as the backbone of America’s energy future.

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15users have liked this narrative
2users have commented on this narrative
45users have followed this narrative
US$7.5
35.1% undervalued intrinsic discount
MarketJar Fair Value
Revenue growth
79.39% p.a.
Profit Margin
10%
Future PE
55x
Share price in 2030
US$11.38

Munters Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Munters Group
Historical stock prices
Current Share PriceSEK 114.00
52 Week HighSEK 236.40
52 Week LowSEK 91.90
Beta0.67
1 Month Change-5.39%
3 Month Change-14.35%
1 Year Change-51.24%
3 Year Change51.09%
5 Year Change64.98%
Change since IPO72.60%

Recent News & Updates

Estimating The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)

Aug 30
Estimating The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)

We Think Munters Group (STO:MTRS) Is Taking Some Risk With Its Debt

Aug 06
We Think Munters Group (STO:MTRS) Is Taking Some Risk With Its Debt

Recent updates

Estimating The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)

Aug 30
Estimating The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)

We Think Munters Group (STO:MTRS) Is Taking Some Risk With Its Debt

Aug 06
We Think Munters Group (STO:MTRS) Is Taking Some Risk With Its Debt

Returns At Munters Group (STO:MTRS) Are On The Way Up

Jun 10
Returns At Munters Group (STO:MTRS) Are On The Way Up

With EPS Growth And More, Munters Group (STO:MTRS) Makes An Interesting Case

May 28
With EPS Growth And More, Munters Group (STO:MTRS) Makes An Interesting Case

Subdued Growth No Barrier To Munters Group AB (publ) (STO:MTRS) With Shares Advancing 38%

May 15
Subdued Growth No Barrier To Munters Group AB (publ) (STO:MTRS) With Shares Advancing 38%

Munters Group AB (publ)'s (STO:MTRS) CEO Looks Like They Deserve Their Pay Packet

May 08
Munters Group AB (publ)'s (STO:MTRS) CEO Looks Like They Deserve Their Pay Packet

Brokers Are Upgrading Their Views On Munters Group AB (publ) (STO:MTRS) With These New Forecasts

May 05
Brokers Are Upgrading Their Views On Munters Group AB (publ) (STO:MTRS) With These New Forecasts

Is Munters Group (STO:MTRS) Using Too Much Debt?

Apr 22
Is Munters Group (STO:MTRS) Using Too Much Debt?

Shareholders Can Be Confident That Munters Group's (STO:MTRS) Earnings Are High Quality

Mar 15
Shareholders Can Be Confident That Munters Group's (STO:MTRS) Earnings Are High Quality

A Look At The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)

Mar 06
A Look At The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)

Returns At Munters Group (STO:MTRS) Are On The Way Up

Feb 21
Returns At Munters Group (STO:MTRS) Are On The Way Up
User avatar

Data Center And FoodTech Segments Will Drive Future Success

Strategic growth in Data Center and FoodTech segments, with a focus on US market expansion and successful integration of Geoclima, signals strong future revenue potential.

Earnings Tell The Story For Munters Group AB (publ) (STO:MTRS)

Feb 05
Earnings Tell The Story For Munters Group AB (publ) (STO:MTRS)

When Should You Buy Munters Group AB (publ) (STO:MTRS)?

Dec 24
When Should You Buy Munters Group AB (publ) (STO:MTRS)?

Munters Group (STO:MTRS) Seems To Use Debt Quite Sensibly

Nov 27
Munters Group (STO:MTRS) Seems To Use Debt Quite Sensibly

Investors Will Want Munters Group's (STO:MTRS) Growth In ROCE To Persist

Nov 14
Investors Will Want Munters Group's (STO:MTRS) Growth In ROCE To Persist

Why We're Not Concerned Yet About Munters Group AB (publ)'s (STO:MTRS) 25% Share Price Plunge

Oct 31
Why We're Not Concerned Yet About Munters Group AB (publ)'s (STO:MTRS) 25% Share Price Plunge

Munters Group AB (publ) Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

Oct 25
Munters Group AB (publ) Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

Calculating The Fair Value Of Munters Group AB (publ) (STO:MTRS)

Oct 15
Calculating The Fair Value Of Munters Group AB (publ) (STO:MTRS)

Does Munters Group (STO:MTRS) Deserve A Spot On Your Watchlist?

Oct 03
Does Munters Group (STO:MTRS) Deserve A Spot On Your Watchlist?

Should You Investigate Munters Group AB (publ) (STO:MTRS) At kr220?

Sep 20
Should You Investigate Munters Group AB (publ) (STO:MTRS) At kr220?

What You Can Learn From Munters Group AB (publ)'s (STO:MTRS) P/E

Sep 08
What You Can Learn From Munters Group AB (publ)'s (STO:MTRS) P/E

Here's Why Munters Group (STO:MTRS) Can Manage Its Debt Responsibly

Aug 27
Here's Why Munters Group (STO:MTRS) Can Manage Its Debt Responsibly

Is Munters Group AB (publ) (STO:MTRS) Potentially Undervalued?

Jun 22
Is Munters Group AB (publ) (STO:MTRS) Potentially Undervalued?

We Like These Underlying Return On Capital Trends At Munters Group (STO:MTRS)

Jun 10
We Like These Underlying Return On Capital Trends At Munters Group (STO:MTRS)

Earnings Tell The Story For Munters Group AB (publ) (STO:MTRS) As Its Stock Soars 38%

May 23
Earnings Tell The Story For Munters Group AB (publ) (STO:MTRS) As Its Stock Soars 38%

Munters Group AB (publ) (STO:MTRS) Shares Could Be 33% Above Their Intrinsic Value Estimate

May 09
Munters Group AB (publ) (STO:MTRS) Shares Could Be 33% Above Their Intrinsic Value Estimate

Munters Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Apr 26
Munters Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Here's Why Munters Group AB (publ)'s (STO:MTRS) CEO May Deserve A Raise

Mar 15
Here's Why Munters Group AB (publ)'s (STO:MTRS) CEO May Deserve A Raise

Is Munters Group (STO:MTRS) A Risky Investment?

Mar 11
Is Munters Group (STO:MTRS) A Risky Investment?

Munters Group AB (publ)'s (STO:MTRS) Price In Tune With Earnings

Jan 25
Munters Group AB (publ)'s (STO:MTRS) Price In Tune With Earnings

Munters Group's (STO:MTRS) Returns On Capital Are Heading Higher

Jan 11
Munters Group's (STO:MTRS) Returns On Capital Are Heading Higher

Shareholder Returns

MTRSSE BuildingSE Market
7D1.2%3.4%2.7%
1Y-51.2%-10.7%-1.2%

Return vs Industry: MTRS underperformed the Swedish Building industry which returned -12.3% over the past year.

Return vs Market: MTRS underperformed the Swedish Market which returned -1.7% over the past year.

Price Volatility

Is MTRS's price volatile compared to industry and market?
MTRS volatility
MTRS Average Weekly Movement6.4%
Building Industry Average Movement4.2%
Market Average Movement5.8%
10% most volatile stocks in SE Market12.1%
10% least volatile stocks in SE Market3.0%

Stable Share Price: MTRS has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: MTRS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19555,017Klas Forsstromwww.munters.com

Munters Group AB (publ) provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: AirTech, Data Center Technologies, and FoodTech. It offers industrial and commercial dehumidification and climate control products, such as air cleaning and inlet systems, air pollution control and VOC abatement solutions, controllers and automations, coolers and humidifiers, dehumidifiers, fans, heaters, heat exchangers, mass transfer equipment, and mist eliminators.

Munters Group AB (publ) Fundamentals Summary

How do Munters Group's earnings and revenue compare to its market cap?
MTRS fundamental statistics
Market capSEK 20.81b
Earnings (TTM)SEK 816.00m
Revenue (TTM)SEK 16.36b
25.5x
P/E Ratio
1.3x
P/S Ratio

Is MTRS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MTRS income statement (TTM)
RevenueSEK 16.36b
Cost of RevenueSEK 10.97b
Gross ProfitSEK 5.39b
Other ExpensesSEK 4.58b
EarningsSEK 816.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 24, 2025

Earnings per share (EPS)4.47
Gross Margin32.95%
Net Profit Margin4.99%
Debt/Equity Ratio129.5%

How did MTRS perform over the long term?

See historical performance and comparison

Dividends

1.4%
Current Dividend Yield
36%
Payout Ratio

Does MTRS pay a reliable dividends?

See MTRS dividend history and benchmarks
When do you need to buy MTRS by to receive an upcoming dividend?
Munters Group dividend dates
Ex Dividend DateNov 14 2025
Dividend Pay DateNov 20 2025
Days until Ex dividend41 days
Days until Dividend pay date47 days

Does MTRS pay a reliable dividends?

See MTRS dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 08:39
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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. 5 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
Karl VikströmBerenberg