Munters Group MTRS.ST
SwedenIndustrials · Pollution & Treatment ControlsNasdaq Estocolmo · SEK
212.50 SEK (+63.9%)
8 analysts
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Munters Group AB is a Swedish company that designs and manufactures climate and humidity control solutions, as well as air filtration equipment, for a wide range of industries, including food, pharmaceutical, and data centers.
Listed on Nasdaq Estocolmo · Symbol MTRS.ST · STO: MTRS · Currency SEK
Key points
from its scores- ✓Good share-price trend8.0
- ✓Favourable backdrop7.4
- ✓Strong growth7.2
- ✕Fragile balance sheet3.6
- ✕Demanding valuation4.0
AI analysis
bottom line, main risk, context and newsStrong growth and positive momentum are offset by high leverage and demanding valuation. Wait for a better entry point or debt reduction.
Munters shows exceptional earnings growth (119.6%) and good momentum (7.96), but its high leverage (Net Debt/EBITDA of 3.96) and demanding valuation (P/E 47.32) create risks. Financial health is the weak point, with a score of 4.17, and growth may not be sustainable at current levels.
High financial leverage (Net Debt/EBITDA of 3.96) in a rising European interest rate environment, which could pressure margins and limit financial flexibility.
Context and risks
Munters operates in Sweden, a country with solid institutions and minority shareholder protection, so governance risk is low. The main contextual risk is its high leverage (Net Debt/EBITDA of 3.96) in a rising European interest rate environment, which makes its debt service more expensive and pressures its financial health.
Is Munters Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 57% above the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 47.3 | 25.4 | +86% |
| EV / EBITDA | 18.6 | 14.5 | +28% |
| Price / book | 4.5 | 4.1 | +11% |
| Price / sales | 1.6 | 2.1 | −22% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 212.50 SEK, +63.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.2 (sector 5.8), Growth 7.2 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 47.3
- Forward P/E
- 16.3
- EV / EBITDA
- 18.6
- Price / book
- 4.5
- Price / sales
- 1.6
- PEG
- 0.47
- Market cap
- 23.7B SEK
- Enterprise value
- 30.1B SEK
Profitability
- ROE
- 9.9%
- ROA
- 3.6%
- ROIC (approx.)
- 11.3%
- Gross margin
- 29.6%
- Operating margin
- 10.0%
- Net margin
- 3.3%
- Free cash flow
- 830.5M SEK
- FCF yield
- 3.5%
- Cash conversion
- 51%
Solvency
- Total debt
- 7.8B SEK
- Net debt
- 6.4B SEK
- Cash
- 1.4B SEK
- EBITDA
- 1.6B SEK
- Net debt / EBITDA
- 3.96
- Debt / equity
- 148.46
- Current ratio
- 0.98
- Quick ratio
- 0.50
Growth
- Revenue growth
- +5.5%
- Earnings growth
- +119.6%
- EPS (TTM)
- 2.74 SEK
- EPS (forward)
- 7.96 SEK
Dividend
- Dividend yield
- 1.2%
- Payout
- 57.6%
Risk and market
- Beta
- 0.74
- Analyst consensus
- Strong buy (8)
- Target price
- 212.50 SEK
- 52-week range
- 110.60 – 212.40
Recent news
All MTRS.ST news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Munters Group
Is Munters Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 57% above the Industrials median on average. Valuation score: 4.0 out of 10 (median for Industrials: 5.0). Average analyst target: 212.50 SEK, +63.9% versus the price. This is not investment advice.
What score does Munters Group get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,416 of 2,130 (better than 32% of the companies analysed). Its strongest category is Momentum (8.0) and its weakest, Financial health (3.6). Analysis of 08/10/2026.
What is Munters Group's P/E ratio?
Its P/E is 47.3: the share price equals 47.3 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 16.3.
How much is Munters Group worth on the stock market?
Its market capitalisation is 23.7B SEK and its enterprise value, debt included, is 30.1B SEK.
How much debt does Munters Group have?
Its net debt (debt minus cash) is 6.4B SEK. That is 3.96 times its EBITDA; the Industrials median is 1.58.
Does Munters Group pay a dividend?
Yes: its dividend yield is 1.23% and it pays out 58% of its earnings.
How has Munters Group stock performed over the last year?
It has risen 16.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 110.60 and 212.40 SEK. Past performance does not guarantee future results.
What do analysts think of Munters Group?
8 analysts cover it; their average recommendation is “Strong buy” and their average target is 212.50 SEK (+63.9% versus the price). It is an estimate, not market data.