(MUX) Mutares SE & Co. KGaA - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: XETRA (Germany) | Market Cap: 576m EUR | Total Return: -12.6% in 12m
Avg Turnover: 2.04M
Warnings
Fakeout
Tailwinds
Confidence
Mutares SE & Co. KGaA is a Munich-based private equity firm specializing in the acquisition of small and medium-sized enterprises facing special situations, such as corporate carve-outs, successions, or financial distress. The firm utilizes a hands-on operational approach to execute turnarounds across diverse sectors, including automotive, engineering, and consumer goods. By focusing on companies with established market positions but underperforming margins, Mutares aims to restructure these entities for a profitable exit within a three-to-five-year horizon.
The company’s business model is characterized by a buy-and-build strategy, where it acquires platform companies and integrates bolt-on acquisitions to capture synergies and scale. Unlike traditional private equity funds that rely solely on external limited partners, Mutares frequently invests directly from its own balance sheet, aligning its capital with the long-term success of its portfolio. This sector, often referred to as special situations investing, requires deep operational expertise to navigate the high complexity and execution risk inherent in restructuring distressed assets.
Investors looking for deeper insights into the companys intrinsic worth may find ValueRays valuation tools useful for further analysis.
- Successful turnaround of distressed portfolio companies drives exit proceeds and dividends
- High interest rates increase financing costs for leveraged buy-outs and restructuring
- Expansion into North American and Asian markets diversifies geographic revenue streams
- Industrial sector downturn in Europe pressures margins of core engineering holdings
- Strategic carve-outs from large corporates provide steady pipeline for platform acquisitions
| Net Income: -172.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.09 > 0.02 and ΔFCF/TA -4.72 > 1.0 |
| NWC/Revenue: 1.15% < 20% (prev 5.15%; Δ -4.01% < -1%) |
| CFO/TA -0.05 > 3% & CFO -286.9m > Net Income -172.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (21.6m) vs 12m ago -2.55% < -2% |
| Gross Margin: 35.43% > 18% (prev 0.23%; Δ 3.52k% > 0.5%) |
| Asset Turnover: 203.1% > 50% (prev 133.8%; Δ 69.32% > 0%) |
| Interest Coverage Ratio: -4.06 > 6 (EBITDA TTM -374.1m / Interest Expense TTM 198.4m) |
| A: 0.02 (Total Current Assets 2.83b - Total Current Liabilities 2.71b) / Total Assets 5.27b |
| B: 0.15 (Retained Earnings 772.6m / Total Assets 5.27b) |
| C: -0.17 (EBIT TTM -805.2m / Avg Total Assets 4.81b) |
| D: 0.19 (Book Value of Equity 811.5m / Total Liabilities 4.33b) |
| Altman-Z'' = -0.31 = B |
| DSRI: 0.98 (Receivables 984.1m/595.2m, Revenue 9.77b/5.82b) |
| GMI: 0.66 (GM 35.43% / 23.23%) |
| AQI: 1.28 (AQ_t 0.12 / AQ_t-1 0.09) |
| SGI: 1.68 (Revenue 9.77b / 5.82b) |
| TATA: 0.02 (NI -172.5m - CFO -286.9m) / TA 5.27b) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at EUR 26.70 with a total of 64,417 shares traded.
Over the past week, the price has changed by +1.51%,
over one month by +10.72%,
over three months by -14.08% and
over the past year by -12.64%.
Mutares SE & Co. KGaA has no consensus analysts rating.
P/E Trailing = 16.5313
P/E Forward = 0.4712
P/S = 0.0878
P/B = 0.5961
Revenue TTM = 9.77b EUR
EBIT TTM = -805.2m EUR
EBITDA TTM = -374.1m EUR
Long Term Debt = 631.9m EUR (from longTermDebt, last quarter)
Short Term Debt = 374.1m EUR (from shortTermDebt, last quarter)
Debt = 2.05b EUR (from shortLongTermDebtTotal, last quarter) + Leases 576.8m
Net Debt = 1.62b EUR (calculated: Debt 2.05b - CCE 431.4m)
Enterprise Value = 2.19b EUR (576.2m + Debt 2.05b - CCE 431.4m)
Interest Coverage Ratio = -4.06 (Ebit TTM -805.2m / Interest Expense TTM 198.4m)
EV/FCF = -4.87x (Enterprise Value 2.19b / FCF TTM -449.9m)
FCF Yield = -20.52% (FCF TTM -449.9m / Enterprise Value 2.19b)
FCF Margin = -4.60% (FCF TTM -449.9m / Revenue TTM 9.77b)
Net Margin = -1.77% (Net Income TTM -172.5m / Revenue TTM 9.77b)
Gross Margin = 35.43% ((Revenue TTM 9.77b - Cost of Revenue TTM 6.31b) / Revenue TTM)
Gross Margin QoQ = 39.64% (prev 36.59%)
Tobins Q-Ratio = 0.42 (Enterprise Value 2.19b / Total Assets 5.27b)
Interest Expense / Debt = 9.69% (Interest Expense 198.4m / Debt 2.05b)
Taxrate = 2.56% (7.10m / 277.6m)
NOPAT = -784.6m (EBIT -805.2m * (1 - 2.56%)) [loss with tax shield]
Current Ratio = 1.04 (Total Current Assets 2.83b / Total Current Liabilities 2.71b)
Debt / Equity = 2.15 (Debt 2.05b / totalStockholderEquity, last quarter 953.9m)
Debt / EBITDA = -4.32 (negative EBITDA) (Net Debt 1.62b / EBITDA -374.1m)
Debt / FCF = -3.59 (negative FCF - burning cash) (Net Debt 1.62b / FCF TTM -449.9m)
Total Stockholder Equity = 875.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.59% (Net Income -172.5m / Total Assets 5.27b)
RoE = -19.72% (Net Income TTM -172.5m / Total Stockholder Equity 875.0m)
RoCE = -53.44% (EBIT -805.2m / Capital Employed (Equity 875.0m + L.T.Debt 631.9m))
RoIC = -26.85% (negative operating profit) (NOPAT -784.6m / Invested Capital 2.92b)
WACC = 8.66% (E(576.2m)/V(2.62b) * Re(5.91%) + D(2.05b)/V(2.62b) * Rd(9.69%) * (1-Tc(0.03)))
Discount Rate = 5.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.01 | Cagr: 16.77%
[DCF] Fair Price = unknown (Cash Flow -449.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 96.89 | Revenue CAGR: 52.72% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=4.21 | Chg30d=+591.31% | Revisions=+20% | GrowthEPS=-31.1% | GrowthRev=+24.1%
EPS next Year (2027-12-31): EPS=4.79 | Chg30d=+686.70% | Revisions=+20% | GrowthEPS=+13.8% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +20%