Mister Spex SE (MRX) AI Stock Analysis

• Market Cap: €44.76M
• Dividend Yield: N/A
• Average Volume (3M): 15.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.88
• Revenue Growth: -16.95%
• EPS Growth: -24.45%
• Country: DE
• Employees: 1,212
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.33
• Shares Outstanding: 35,048,000
• 10 Day Avg. Volume: 10,731
• 30 Day Avg. Volume: 15,031
• PEG Ratio: 0.02
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -54.65
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.49
• Revenue Forecast (FY): €170.73M

• Rating: 45 Neutral
• Price Target: €1.00 ▼(-20.63% Downside)
• Action: Reiterated Date: 03/28/26
• Date: Action: Reiterated 03/28/26

The score is held down primarily by weak financial performance (revenue decline, ongoing losses, and consistently negative free cash flow) despite some improvement in 2025 losses and cash burn. Technicals are mixed but not supportive of a sustained uptrend, and valuation metrics offer limited support due to negative earnings and no dividend data.

Positive Factors

Omnichannel business model

A combined online platform and physical store network provides durable advantages: it supports customer acquisition across channels, enables higher conversion via in-store services (eye tests, fittings), and creates multiple revenue touchpoints that smooth demand swings and support repeat purchases over time.

Negative Factors

Revenue contraction

Shrinking top-line is a structural headwind: it reduces scale economics, hampers leverage of fixed costs in stores and logistics, and makes margin recovery harder. If revenue declines persist, funding needs rise and the omnichannel model's benefits (cross-sell, repeat buyers) are harder to monetize.

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 compan...

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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 compan...

How the Company Makes Money

Mister Spex makes money primarily by selling eyewear and eye-care products through both its website/app and brick-and-mortar stores. Key revenue streams include: (1) Prescription eyewear sales: revenue from frames and prescription lenses sold as c...

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Mister Spex makes money primarily by selling eyewear and eye-care products through both its website/app and brick-and-mortar stores. Key revenue streams include: (1) Prescription eyewear sales: revenue from frames and prescription lenses sold as c...

Mister Spex SE Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	181.46M	216.75M	223.53M	210.07M	194.25M
Gross Profit	18.70M	111.22M	24.81M	108.73M	32.82M
EBITDA	-8.20M	-51.02M	-18.64M	-21.99M	-8.48M
Net Income	-28.17M	-84.86M	-47.88M	-44.93M	-31.52M
Balance Sheet
Total Assets	144.31M	171.27M	306.48M	293.23M	325.32M
Cash, Cash Equivalents and Short-Term Investments	56.19M	73.08M	111.15M	128.30M	178.08M
Total Debt	60.11M	66.35M	86.61M	61.66M	51.69M
Total Liabilities	98.16M	99.43M	151.02M	92.23M	80.53M
Stockholders Equity	46.15M	71.84M	155.45M	201.00M	244.78M
Cash Flow
Free Cash Flow	-764.00K	-22.68M	-8.57M	-40.52M	-43.67M
Operating Cash Flow	1.55M	-16.30M	6.04M	-20.84M	-27.82M
Investing Cash Flow	-2.92M	-6.38M	-14.61M	3.75M	-40.93M
Financing Cash Flow	-14.57M	-15.85M	-8.57M	-4.76M	203.86M

Mister Spex SE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 1.26 is below the 20-day moving average (MA) of 1.28, below the 50-day MA of 1.30, and below the 200-day MA of 1.49, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.94 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 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
ZAL	64 Neutral	€5.78B	30.68	7.72%	―	12.06%	18.20%
WEW	62 Neutral	€275.17M	7.43	42.70%	―	-0.32%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GFG	59 Neutral	€97.32M	-1.02	-36.61%	―	-11.28%	54.27%
MRX	45 Neutral	€44.76M	-0.93	-49.02%	―	-16.95%	-24.45%