MTRS Stock Analysis: Munters | ST
Pollution & Treatment Controls | ST, Sweden | Market Cap: 32.721m SEK | 12M Return: 30.3% | SE0009806607 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 64.9M
EPS Trend: -71.8%
Qual. Beats: 0
Rev. Trend: 58.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.2 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 is a Sweden-based provider of climate and dehumidification solutions serving industrial and commercial customers across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The company operates through three business segments: AirTech, Data Center Technologies, and FoodTech, offering products such as dehumidifiers, heat exchangers, humidifiers, air cleaning systems, and mass transfer equipment. It complements its product offering with lifecycle services including installation, commissioning, maintenance, repairs, and retrofits.
Munters serves a broad range of end markets, including data centers, food and agriculture, pharmaceuticals, automotive, chemicals, pulp and paper, and water treatment. Founded in 1955 and headquartered in Kista, the company is classified under the GICS Industrials sector and Building Products sub-industry. Its exposure to data center cooling through the Data Center Technologies segment has become a notable growth area as computing density and AI workloads drive demand for precision cooling infrastructure.
- Data center cooling orders surge on AI hyperscaler buildout
- Battery and EV manufacturing fuels AirTech dehumidification growth
- Tighter energy efficiency regulations drive climate solution demand
| 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 August 29, 2026, the stock is trading at SEK 169.55 with a total of 511,355 shares traded. Over the past week, the price has changed by -5.41%, over one month by +2.32%, over three months by -12.20% and over the past year by +30.26%.
Current recommended Stop Loss: 160.10 (which is 5.6% or 1.5 ATR below the current price).
Munters has no consensus analysts rating.
P/E Trailing = 65.4197
P/E Forward = 30.1205
P/S = 2.2143
P/B = 6.1426
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 = 40.9b SEK (32.7b + Debt 9.59b - CCE 1.43b)
Interest Coverage Ratio = 2.93 (Ebit TTM 1.21b / Interest Expense TTM 413.0m)
EV/FCF = 34.27x (Enterprise Value 40.9b / FCF TTM 1.19b)
FCF Yield = 2.92% (FCF TTM 1.19b / Enterprise Value 40.9b)
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 = 1.85 (Enterprise Value 40.9b / 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 = 10.18% (E(32.7b)/V(42.3b) * Re(12.29%) + D(9.59b)/V(42.3b) * Rd(4.31%) * (1-Tc(0.31)))
Discount Rate = 12.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 66.56 | Cagr: 0.00%
[DCF] Terminal Value 72.29% ; FCFF base≈985.8m ; Y1≈1.13b ; Y5≈1.66b
[DCF] Fair Price = 58.91 (EV 18.9b - Net Debt 8.17b = Equity 10.8b / Shares 182.5m; r=10.18% [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=1.64 | Chg30d=-22.45% | Revisions=-40% | Analysts=2
EPS current Year (2026-12-31): EPS=6.10 | Chg30d=-0.26% | Revisions=-30% | GrowthEPS=+42.0% | GrowthRev=+17.5%
EPS next Year (2027-12-31): EPS=10.41 | Chg30d=+1.35% | Revisions=+55% | GrowthEPS=+70.6% | GrowthRev=+22.7%
[Analyst] Revisions Ratio: +5% (up=9, down=8)