Mister Spex SE (MRX) AI Stock Analysis

• Market Cap: €62.97M
• Dividend Yield: N/A
• Average Volume (3M): 86.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: -6.33%
• EPS Growth: -65.26%
• Country: DE
• Employees: 1,212
• Sector: Consumer Cyclical
• Sector Strength: 69
• Industry: Specialty Retail
• EPS (TTM): -0.21
• Shares Outstanding: 35,048,000
• 10 Day Avg. Volume: 73,683
• 30 Day Avg. Volume: 86,089
• PEG Ratio: -0.24
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €1.50
• Price Target Upside: -18.92% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: €2.00 ▲(8.11%Upside)

Mister Spex SE's stock score is primarily impacted by its weak financial performance, characterized by declining revenues and profitability issues. Technical analysis provides some positive signals with the stock trading above key moving averages, offering a modest upward trend. However, the valuation remains unattractive due to the negative P/E ratio and absence of dividends, highlighting the financial challenges that the company faces.

Mister Spex SE Business Overview & Revenue Model

Company Description

Mister Spex SE (MRX) is a leading online optical retailer in Europe, headquartered in Berlin, Germany. The company specializes in offering a wide range of eyewear products, including prescription glasses, sunglasses, and contact lenses. Mister Spex combines a robust online presence with physical retail stores and partner opticians to provide comprehensive eye care services. The company is committed to delivering high-quality eyewear and exceptional customer service, leveraging technology to enhance the shopping experience and provide personalized solutions.

How the Company Makes Money

Mister Spex SE generates revenue primarily through the sale of eyewear products, including prescription glasses, sunglasses, and contact lenses, via its e-commerce platform and physical retail stores. The company's revenue model is built on a direct-to-consumer approach, offering competitive pricing and a broad selection of products. Mister Spex also collaborates with partner opticians to provide eye examinations and fitting services, enhancing its service offerings and driving additional sales. The integration of online and offline channels enables the company to reach a wider customer base and increase its market share. Additionally, strategic partnerships with eyewear brands and manufacturers contribute to Mister Spex's ability to offer exclusive collections and competitive pricing, further supporting its revenue streams.

Mister Spex SE Financial Statement Overview

Summary

Mister Spex SE faces significant financial challenges, with declining revenues, persistent losses, and negative cash flow metrics. The company is challenged by high operational expenses and low profitability. While the balance sheet shows moderate leverage, the overall financial health is constrained by negative returns and poor cash flow performance, indicating a need for strategic financial restructuring.

Income Statement

Mister Spex SE shows declining revenue with a revenue growth rate of -2.96% from the previous year (2023 to 2024). The company has a negative gross profit margin of 29.06% TTM, indicating challenges in managing cost of goods sold. Profitability metrics are weak with a net profit margin of -38.96% TTM, and both EBIT and EBITDA margins are negative, reflecting ongoing operational and financial struggles.

Balance Sheet

The debt-to-equity ratio stands at 0.98 TTM, indicating moderate leverage. However, the return on equity is negative at -125.33% TTM, largely due to significant net losses. The equity ratio is somewhat stable at 39.96% TTM, suggesting a reasonable proportion of equity financing relative to total assets.

Cash Flow

Cash flow metrics indicate financial stress, with a negative free cash flow growth rate of -16.20% from 2023 to 2024. The operating cash flow to net income ratio is unfavorable at 0.17 TTM, and the free cash flow to net income ratio is also negative. These reflect challenges in generating sufficient cash from operations to cover net losses.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	216.75M	223.53M	210.07M	194.25M	164.20M
Gross Profit	111.22M	24.81M	108.73M	101.86M	85.51M
EBITDA	-51.02M	-9.62M	-14.07M	-8.48M	5.77M
Net Income	-84.86M	-47.88M	-44.93M	-31.52M	-10.26M
Balance Sheet
Total Assets	171.27M	306.48M	293.23M	325.32M	122.74M
Cash, Cash Equivalents and Short-Term Investments	73.08M	111.15M	128.30M	178.08M	14.68M
Total Debt	66.35M	86.61M	61.66M	51.69M	67.69M
Total Liabilities	99.43M	151.02M	92.23M	80.53M	89.33M
Stockholders Equity	71.84M	155.45M	201.00M	244.78M	33.41M
Cash Flow
Free Cash Flow	-22.68M	-8.57M	-40.52M	-43.67M	-15.39M
Operating Cash Flow	-16.30M	6.04M	-20.84M	-27.82M	-1.55M
Investing Cash Flow	-6.38M	-14.61M	3.75M	-40.93M	-17.06M
Financing Cash Flow	-15.85M	-8.57M	-4.76M	203.86M	9.86M

Mister Spex SE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MRX, the sentiment is Positive. The current price of 1.85 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.57, and above the 200-day MA of 1.63, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 59.60 is Neutral, neither overbought nor oversold. The STOCH value of 43.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:MRX.

Mister Spex SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPG	71 Outperform	€185.79M	5.30	31.97%	―	21.39%	14.07%
ZAL	65 Neutral	€6.95B	25.80	10.57%	―	6.14%	140.08%
Sector *	60 Neutral	€5.94B	10.55	-11.12%	4.19%	3.89%	-38.10%
MRX	51 Neutral	€62.97M	―	-77.36%	―	-6.33%	-65.26%
WEW	49 Neutral	€193.04M	―	-0.89%	―	2.05%	97.89%
GFG	49 Neutral	€75.39M	―	-34.04%	―	-11.28%	54.27%
YOU	47 Neutral	€1.15B	―	-47.97%	―	3.44%	5.93%