Mutares SE & Co. KGaA

OTCPK:MUTR.F Stock Report

Market Cap: US$508.0m

Mutares SE KGaA Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MUTR.F ($23.36) is trading below our estimate of fair value ($205.17)

Significantly Below Fair Value: MUTR.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MUTR.F?

Key metric: As MUTR.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MUTR.F. This is calculated by dividing MUTR.F's market cap by their current revenue.
What is MUTR.F's PS Ratio?
PS Ratio0.09x
Sales€5.21b
Market Cap€484.65m

Price to Sales Ratio vs Peers

How does MUTR.F's PS Ratio compare to its peers?

The above table shows the PS ratio for MUTR.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.6x
SAR Saratoga Investment
2.3x-11.0%US$355.4m
PEO Adams Natural Resources Fund
29.2xn/aUS$606.3m
ALTI AlTi Global
1.6x7.4%US$419.7m
VINP Vinci Partners Investments
9.4x15.2%US$772.5m
MUTR.F Mutares SE KGaA
0.09x10.5%US$484.6m

Price-To-Sales vs Peers: MUTR.F is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (10x).

Price to Sales Ratio vs Industry

How does MUTR.F's PS Ratio compare vs other companies in the US Capital Markets Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.4x5.2%
MUTR.F Mutares SE KGaA
 0.09x10.5%US$508.01m
SNEX StoneX Group
0.03xn/aUS$3.34b
OPY Oppenheimer Holdings
0.5xn/aUS$628.67m
MUTR.F 0.1xIndustry Avg. 3.4xNo. of Companies24PS03.26.49.612.816+
25 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.4x11.4%
MUTR.F Mutares SE KGaA
 0.09x-45.5%US$508.01m
No more companies

Price-To-Sales vs Industry: MUTR.F is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Capital Markets industry average (3.4x).

Price to Sales Ratio vs Fair Ratio

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

MUTR.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.09x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MUTR.F's Price-To-Sales 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 MUTR.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.36
US$46.84
+100.5%
13.6%US$53.59US$38.59n/a5
Nov ’25n/a
US$47.32
0%
13.6%US$54.14US$38.98n/a5
Oct ’25n/a
US$51.06
0%
10.0%US$55.38US$40.98n/a5
Sep ’25n/a
US$51.06
0%
10.0%US$55.38US$40.98n/a5
Aug ’25n/a
US$48.65
0%
16.6%US$54.41US$32.65n/a5
Jul ’25n/a
US$48.65
0%
16.6%US$54.41US$32.65n/a5
Jun ’25n/a
US$46.94
0%
17.8%US$51.94US$32.46n/a4
May ’25n/a
US$43.32
0%
17.8%US$50.56US$31.93n/a5
Apr ’25n/a
US$43.10
0%
16.5%US$50.91US$32.92n/a5
Mar ’25n/a
US$43.10
0%
16.5%US$50.91US$32.92n/a5
Feb ’25n/a
US$43.10
0%
16.5%US$50.91US$32.92n/a5
Jan ’25n/a
US$42.11
0%
17.1%US$50.78US$32.83n/a5
Dec ’24n/a
US$42.11
0%
17.1%US$50.78US$32.83n/a5
Nov ’24n/a
US$35.33
0%
8.5%US$39.96US$31.55n/a5
Oct ’24n/a
US$36.54
0%
8.5%US$41.32US$32.62n/a5
Sep ’24n/a
US$36.54
0%
8.5%US$41.32US$32.62n/a5
Aug ’24n/a
US$37.16
0%
7.7%US$41.16US$33.37n/a5
Jul ’24n/a
US$37.33
0%
7.5%US$40.63US$32.94n/a4
Jun ’24n/a
US$37.33
0%
7.5%US$40.63US$32.94n/a4
May ’24n/a
US$34.06
0%
15.3%US$40.65US$26.37n/a4
Apr ’24n/a
US$33.15
0%
15.3%US$39.57US$25.67n/a4
Mar ’24n/a
US$33.15
0%
15.3%US$39.57US$25.67n/a4
Feb ’24n/a
US$32.65
0%
15.3%US$38.97US$25.28n/a4
Jan ’24n/a
US$32.65
0%
15.3%US$38.97US$25.28n/a4
Dec ’23n/a
US$31.32
0%
17.5%US$38.20US$24.78n/a3
Nov ’23n/a
US$29.62
0%
16.0%US$35.50US$22.55n/a4

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

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