Mister Spex SE (MRX) AI Stock Analysis

• Market Cap: €49.70M
• Dividend Yield: N/A
• Average Volume (3M): 15.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: -16.95%
• EPS Growth: -24.45%
• Country: DE
• Employees: 1,212
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.15
• Shares Outstanding: 35,048,000
• 10 Day Avg. Volume: 10,731
• 30 Day Avg. Volume: 15,031
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.72
• Price to Sales (P/S): 0.24
• P/FCF Ratio: -2.30
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: €1.00 ▼(-25.37% Downside)

Mister Spex SE's overall stock score is significantly impacted by its poor financial performance, characterized by declining revenues and negative profitability. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and showing oversold conditions. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall stock score.

Positive Factors

Business Model Strength

The integration of value-added services like virtual try-ons enhances customer experience and engagement, supporting long-term growth and differentiation in the competitive eyewear market.

Product Diversification

A diversified product mix allows Mister Spex to capture different market segments and mitigate risks associated with reliance on a single product line, contributing to revenue stability.

Strategic Partnerships

Strategic partnerships enhance Mister Spex's supply chain efficiency and product variety, strengthening its competitive position and ability to meet diverse customer needs.

Negative Factors

Declining Revenue

Declining revenue indicates challenges in maintaining market share and customer acquisition, which could impact long-term financial health and growth prospects.

Negative Profitability Margins

Sustained negative profitability margins suggest ongoing operational inefficiencies and cost management issues, which could hinder future investments and expansion.

Weak Cash Flow Performance

Weak cash flow performance limits Mister Spex's ability to reinvest in growth initiatives and manage financial obligations, posing a risk to long-term sustainability.

Mister Spex SE Business Overview & Revenue Model

Company Description

Mister Spex SE provides eyewear products in Germany, Austria, Finland, France, the Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom. It offers various types of prescription glasses, sunglasses, and contact lenses. The company offers its products under the independent labels, private labels, and various premium and luxury brands through online shops and retail stores, as well as a network of partner opticians. It operates approximately 48 brick and mortar stores in Germany, Austria, and Sweden. Mister Spex SE was incorporated in 2007 and is headquartered in Berlin, Germany.

How the Company Makes Money

Mister Spex generates revenue primarily through the direct sale of eyewear products, including prescription glasses and sunglasses, as well as contact lenses. The company’s business model includes a mix of high-margin private label products and branded items, which helps to diversify its revenue streams. Additionally, Mister Spex benefits from offering value-added services such as eye examinations and virtual try-on technology, enhancing customer engagement and satisfaction. Key partnerships with eyewear brands and optical labs facilitate the supply chain and product offerings. The company also leverages digital marketing strategies to drive traffic to its platform, contributing to increased sales and customer acquisition.

Mister Spex SE Financial Statement Overview

Summary

Mister Spex SE is facing significant financial challenges, with declining revenues, negative profitability margins, and weak cash flow performance. The balance sheet shows moderate leverage, but the negative return on equity is a major concern. The company needs to address its profitability and cash flow issues to improve its financial health.

Income Statement

Mister Spex SE has faced declining revenue with a negative growth rate of -6.995% in the TTM period. The company is experiencing negative margins across the board, with a net profit margin of -40.49% and an EBIT margin of -39.77%. These figures indicate significant profitability challenges, although the gross profit margin of 40.16% suggests some ability to cover direct costs.

Balance Sheet

The balance sheet shows a debt-to-equity ratio of 1.03, indicating a moderate level of leverage. However, the return on equity is negative at -98.18%, reflecting poor returns for shareholders. The equity ratio stands at 37.30%, suggesting a reasonable proportion of assets financed by equity, but the high leverage and negative ROE are concerning.

Cash Flow

Cash flow analysis reveals negative operating cash flow and free cash flow, with a free cash flow growth rate of -4.205% in the TTM period. The operating cash flow to net income ratio is -0.27, indicating cash flow challenges. The free cash flow to net income ratio of 1.36 suggests some ability to convert net income into free cash flow, but overall cash flow performance is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	195.63M	216.75M	223.53M	210.07M	194.25M	164.20M
Gross Profit	78.57M	111.22M	24.81M	108.73M	32.82M	36.00M
EBITDA	-24.96M	-51.02M	-18.64M	-21.99M	-8.48M	5.68M
Net Income	-79.22M	-84.86M	-47.88M	-44.93M	-31.52M	-10.26M
Balance Sheet
Total Assets	162.82M	171.27M	306.48M	293.23M	325.32M	122.74M
Cash, Cash Equivalents and Short-Term Investments	69.28M	73.08M	111.15M	128.30M	178.08M	14.68M
Total Debt	62.58M	66.35M	86.61M	61.66M	51.69M	67.69M
Total Liabilities	102.07M	99.43M	151.02M	92.23M	80.53M	89.33M
Stockholders Equity	60.75M	71.84M	155.45M	201.00M	244.78M	33.41M
Cash Flow
Free Cash Flow	-18.20M	-22.68M	-8.57M	-40.52M	-43.67M	-15.39M
Operating Cash Flow	-13.40M	-16.30M	6.04M	-20.84M	-27.82M	-1.55M
Investing Cash Flow	-4.80M	-6.38M	-14.61M	3.75M	-40.93M	-17.06M
Financing Cash Flow	-15.91M	-15.85M	-8.57M	-4.76M	203.86M	9.86M

Mister Spex SE Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 1.34 is below the 20-day moving average (MA) of 1.40, below the 50-day MA of 1.47, and below the 200-day MA of 1.57, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 39.42 is Neutral, neither overbought nor oversold. The STOCH value of 37.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	72 Outperform	€131.49M	2.93	35.60%	―	5.73%	-25.88%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ZAL	59 Neutral	€5.93B	21.92	9.04%	―	12.06%	18.20%
WEW	52 Neutral	€239.26M	51.20	3.63%	―	-0.32%	―
YOU	45 Neutral	€1.06B	-10.89	―	―	3.44%	5.93%
GFG	41 Neutral	€62.14M	―	―	―	-11.28%	54.27%
MRX	40 Underperform	€49.70M	-0.63	-75.59%	―	-16.95%	-24.45%