MTRS Stock Analysis: Munters | ST
Pollution & Treatment Controls | ST, Sweden | Market Cap: 31.625m SEK | 12M Return: 24.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 87.9M
EPS Trend: -73.6%
Qual. Beats: 0
Rev. Trend: 74.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.1 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
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: 400.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -2.05 > 1.0 |
| NWC/Revenue: 0.74% < 20% (prev -4.16%; Δ 4.90% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.42b > Net Income 400.0m |
| Net Debt (8.26b) to EBITDA (1.94b): 4.26 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (182.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 30.46% > 18% (prev 34.25%; Δ -3.78% > 0.5%) |
| Asset Turnover: 69.74% > 50% (prev 72.78%; Δ -3.03% > 0%) |
| Interest Coverage Ratio: 2.96 > 6 (EBIT TTM 1.19b / Interest Expense TTM 402.0m) |
| A: 0.01 (Total Current Assets 6.99b - Total Current Liabilities 6.88b) / Total Assets 20.3b |
| B: -0.02 (Retained Earnings -362.0m / Total Assets 20.3b) |
| C: 0.06 (EBIT TTM 1.19b / Avg Total Assets 20.9b) |
| D: 0.34 (Book Value of Equity 5.16b / Total Liabilities 15.2b) |
| Altman-Z'' = 0.72 = B |
| DSRI: 1.09 (Receivables 2.48b/2.45b, Revenue 14.6b/15.6b) |
| GMI: 1.12 (GM 34.25% / 30.46%) |
| AQI: 1.03 (AQ_t 0.48 / AQ_t-1 0.47) |
| SGI: 0.93 (Revenue 14.6b / 15.6b) |
| TATA: -0.05 (NI 400.0m - CFO 1.42b) / TA 20.3b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at SEK 167.00 with a total of 328,183 shares traded. Over the past week, the price has changed by -9.36%, over one month by -19.92%, over three months by -2.25% and over the past year by +24.60%.
Current recommended Stop Loss: 155.80 (which is 6.7% or 1.2 ATR below the current price).
Munters has no consensus analysts rating.
P/E Trailing = 65.3774
P/E Forward = 26.178
P/S = 2.1694
P/B = 6.0765
Revenue TTM = 14.6b SEK
EBIT TTM = 1.19b SEK
EBITDA TTM = 1.94b SEK
Long Term Debt = 5.42b SEK (from longTermDebt, last quarter)
Short Term Debt = 1.02b SEK (from shortTermDebt, last quarter)
Debt = 9.66b SEK (from shortLongTermDebtTotal, last quarter) + Leases 1.76b
Net Debt = 8.26b SEK (calculated: Debt 9.66b - CCE 1.41b)
Enterprise Value = 39.9b SEK (31.6b + Debt 9.66b - CCE 1.41b)
Interest Coverage Ratio = 2.96 (Ebit TTM 1.19b / Interest Expense TTM 402.0m)
EV/FCF = 49.18x (Enterprise Value 39.9b / FCF TTM 811.0m)
FCF Yield = 2.03% (FCF TTM 811.0m / Enterprise Value 39.9b)
FCF Margin = 5.56% (FCF TTM 811.0m / Revenue TTM 14.6b)
Net Margin = 2.74% (Net Income TTM 400.0m / Revenue TTM 14.6b)
Gross Margin = 30.46% ((Revenue TTM 14.6b - Cost of Revenue TTM 10.1b) / Revenue TTM)
Gross Margin QoQ = 29.16% (prev 28.66%)
Tobins Q-Ratio = 1.96 (Enterprise Value 39.9b / Total Assets 20.3b)
Interest Expense / Debt = 4.16% (Interest Expense 402.0m / Debt 9.66b)
Taxrate = 31.70% (227.0m / 716.0m)
NOPAT = 812.7m (EBIT 1.19b * (1 - 31.70%))
Current Ratio = 1.02 (Total Current Assets 6.99b / Total Current Liabilities 6.88b)
Debt / Equity = 1.87 (Debt 9.66b / totalStockholderEquity, last quarter 5.16b)
Debt / EBITDA = 4.26 (Net Debt 8.26b / EBITDA 1.94b)
Debt / FCF = 10.18 (Net Debt 8.26b / FCF TTM 811.0m)
Total Stockholder Equity = 5.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.91% (Net Income 400.0m / Total Assets 20.3b)
RoE = 7.96% (Net Income TTM 400.0m / Total Stockholder Equity 5.02b)
RoCE = 11.40% (EBIT 1.19b / Capital Employed (Equity 5.02b + L.T.Debt 5.42b))
RoIC = 5.92% (NOPAT 812.7m / Invested Capital 13.7b)
WACC = 9.34% (E(31.6b)/V(41.3b) * Re(11.33%) + D(9.66b)/V(41.3b) * Rd(4.16%) * (1-Tc(0.32)))
Discount Rate = 11.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.03 | Cagr: 0.00%
[DCF] Terminal Value 69.47% ; FCFF base≈1.01b ; Y1≈882.0m ; Y5≈712.6m
[DCF] Fair Price = 8.62 (EV 9.83b - Net Debt 8.26b = Equity 1.57b / Shares 182.5m; r=9.34% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -73.60 | EPS CAGR: -25.48% | SUE: -0.11 | # QB: 0
Revenue Correlation: 74.56 | Revenue CAGR: 5.93% | SUE: -0.34 | # QB: 0
EPS next Quarter (2026-09-30): EPS=2.02 | Chg30d=-7.60% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=6.28 | Chg30d=-4.05% | Revisions=+14% | GrowthEPS=+46.2% | GrowthRev=+15.7%
EPS next Year (2027-12-31): EPS=10.12 | Chg30d=+0.59% | Revisions=+43% | GrowthEPS=+61.1% | GrowthRev=+18.5%
[Analyst] Revisions Ratio: +43%