MTRS Stock Analysis: Munters | ST
Pollution & Treatment Controls | ST, Sweden | Market Cap: 24.032m SEK | 12M Return: 14.6% | SE0009806607 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 113M
EPS Trend: -71.8%
Qual. Beats: 0
Rev. Trend: 58.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Munters Group AB (publ), listed on the Stockholm Stock Exchange under the ticker MTRS, is a Swedish company founded in 1955 and headquartered in Kista, Sweden. It provides climate solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific, operating through three segments: AirTech, Data Center Technologies, and FoodTech.
The company manufactures industrial and commercial dehumidification and climate control products, including air cleaning systems, pollution control and VOC abatement solutions, controllers, coolers, humidifiers, fans, heaters, heat exchangers, mass transfer equipment, and mist eliminators. It also offers lifecycle services such as installation, commissioning, maintenance, repairs, and retrofits.
Its products support applications ranging from cold storage, cooling, and farm management to spray drying, gas-liquid separation, and high-temperature processes. Munters serves a diverse set of end markets, including automotive, battery, chemical, construction, data centers, defense, electronics, food and agriculture, healthcare, marine, oil and gas, pharmaceuticals, power, pulp and paper, steel, and water and wastewater industries.
The inclusion of a dedicated Data Center Technologies segment reflects the rising demand for precision cooling and humidity control in hyperscale and colocation facilities, where consistent airflow and moisture management are critical to equipment performance and energy efficiency. The companys broad end-market exposure, spanning heavy industrial, commercial, and infrastructure customers, provides some diversification across economic cycles.
- Data Center Technologies revenue accelerates on AI infrastructure buildout
- AirTech margins face raw material and component cost pressure
- Energy efficiency regulations drive demand for industrial climate solutions
| Net Income: 510.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.06 > 1.0 |
| NWC/Revenue: -0.96% < 20% (prev -6.39%; Δ 5.43% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.94b > Net Income 510.0m |
| Net Debt (8.17b) to EBITDA (1.98b): 4.13 < 3 |
| Current Ratio: 0.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (182.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 29.63% > 18% (prev 33.18%; Δ -3.54% > 0.5%) |
| Asset Turnover: 69.77% > 50% (prev 76.29%; Δ -6.52% > 0%) |
| Interest Coverage Ratio: 2.93 > 6 (EBIT TTM 1.21b / Interest Expense TTM 413.0m) |
| A: -0.01 (Total Current Assets 8.33b - Total Current Liabilities 8.47b) / Total Assets 22.1b |
| B: -0.02 (Retained Earnings -362.0m / Total Assets 22.1b) |
| C: 0.06 (EBIT TTM 1.21b / Avg Total Assets 21.2b) |
| D: 0.31 (Book Value of Equity 5.26b / Total Liabilities 16.8b) |
| Altman-Z'' = 0.62 = B |
| DSRI: 1.51 (Receivables 3.68b/2.54b, Revenue 14.8b/15.4b) |
| GMI: 1.12 (GM 33.18% / 29.63%) |
| AQI: 0.93 (AQ_t 0.45 / AQ_t-1 0.49) |
| SGI: 0.96 (Revenue 14.8b / 15.4b) |
| TATA: -0.06 (NI 510.0m - CFO 1.94b) / TA 22.1b) |
| Beneish M = -2.57 (Cap -4..+1) = A |
As of October 19, 2026, the stock is trading at SEK 131.00 with a total of 898,628 shares traded. Over the past week, the price has changed by +2.99%, over one month by -4.24%, over three months by -27.70% and over the past year by +14.61%.
Current recommended Stop Loss: 123.00 (which is 6.1% or 1.7 ATR below the current price).
Munters has no consensus analysts rating.
P/E Trailing = 47.3561
P/E Forward = 11.9904
P/S = 1.6263
P/B = 4.7214
Revenue TTM = 14.8b SEK
EBIT TTM = 1.21b SEK
EBITDA TTM = 1.98b SEK
Long Term Debt = 5.48b SEK (from longTermDebt, last quarter)
Short Term Debt = 872.0m SEK (from shortTermDebt, last quarter)
Debt = 9.59b SEK (from shortLongTermDebtTotal, last quarter) + Leases 1.77b
Net Debt = 8.17b SEK (calculated: Debt 9.59b - CCE 1.43b)
Enterprise Value = 32.2b SEK (24.0b + Debt 9.59b - CCE 1.43b)
Interest Coverage Ratio = 2.93 (Ebit TTM 1.21b / Interest Expense TTM 413.0m)
EV/FCF = 26.99x (Enterprise Value 32.2b / FCF TTM 1.19b)
FCF Yield = 3.71% (FCF TTM 1.19b / Enterprise Value 32.2b)
FCF Margin = 8.07% (FCF TTM 1.19b / Revenue TTM 14.8b)
Net Margin = 3.45% (Net Income TTM 510.0m / Revenue TTM 14.8b)
Gross Margin = 29.63% ((Revenue TTM 14.8b - Cost of Revenue TTM 10.4b) / Revenue TTM)
Gross Margin QoQ = 29.38% (prev 29.16%)
Tobins Q-Ratio = 1.46 (Enterprise Value 32.2b / Total Assets 22.1b)
Interest Expense / Debt = 4.31% (Interest Expense 413.0m / Debt 9.59b)
Taxrate = 31.00% (230.0m / 742.0m)
NOPAT = 836.3m (EBIT 1.21b * (1 - 31.00%))
Current Ratio = 0.98 (Total Current Assets 8.33b / Total Current Liabilities 8.47b)
Debt / Equity = 1.82 (Debt 9.59b / totalStockholderEquity, last quarter 5.26b)
Debt / EBITDA = 4.13 (Net Debt 8.17b / EBITDA 1.98b)
Debt / FCF = 6.84 (Net Debt 8.17b / FCF TTM 1.19b)
Total Stockholder Equity = 5.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.41% (Net Income 510.0m / Total Assets 22.1b)
RoE = 10.02% (Net Income TTM 510.0m / Total Stockholder Equity 5.09b)
RoCE = 11.46% (EBIT 1.21b / Capital Employed (Equity 5.09b + L.T.Debt 5.48b))
RoIC = 6.07% (NOPAT 836.3m / Invested Capital 13.8b)
WACC = 9.07% (E(24.0b)/V(33.6b) * Re(11.51%) + D(9.59b)/V(33.6b) * Rd(4.31%) * (1-Tc(0.31)))
Discount Rate = 11.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 66.56 | Cagr: 0.00%
[DCF] Terminal Value 75.66% ; FCFF base≈985.8m ; Y1≈1.13b ; Y5≈1.66b
[DCF] Fair Price = 76.88 (EV 22.2b - Net Debt 8.17b = Equity 14.0b / Shares 182.5m; r=9.07% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -71.80 | EPS CAGR: -24.82% | SUE: -0.23 | # QB: 0
Revenue Correlation: 58.74 | Revenue CAGR: 3.19% | SUE: -0.45 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.27 | Chg30d=-22.52% | Revisions=-40% | Analysts=4
EPS current Year (2026-12-31): EPS=5.39 | Chg30d=-10.03% | Revisions=-57% | GrowthEPS=+25.5% | GrowthRev=+14.5%
EPS next Year (2027-12-31): EPS=10.04 | Chg30d=-3.05% | Revisions=-38% | GrowthEPS=+86.3% | GrowthRev=+26.2%
[Analyst] Revisions Ratio: -64% (up=1, down=10)