Munters Group AB (MTRS) AI Stock Analysis

• Market Cap: $24.15B
• Dividend Yield: 1.16%
• Average Volume (3M): 406.96K
• Price to Earnings (P/E): 65.6
• Beta (1Y): 1.31
• Revenue Growth: 6.17%
• EPS Growth: -57.37%
• Country: SE
• Employees: 4,999
• Sector: Industrials
• Sector Strength: 90
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 0.97
• Shares Outstanding: 184,457,810
• 10 Day Avg. Volume: 594,092
• 30 Day Avg. Volume: 406,960
• PEG Ratio: -1.02
• Price to Book (P/B): 4.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.20
• 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: $152.73
• Price Target Upside: 22.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 72 Outperform
• Price Target: kr145.00 ▲(16.00%Upside)

The overall stock score is primarily driven by strong financial performance, highlighting robust revenue growth and efficient cost management. However, technical indicators suggest potential weakness, and a high valuation indicates the stock may be overvalued, which affects its overall attractiveness.

Positive Factors

Financial Performance

Adj. EBITA of SEK 491m exceeded expectations by 2%, supported by strong execution in DCT, where margins remained robust at 21.0%.

Innovation and Technology

Munters has been actively investing in its own liquid cooling solutions, reflecting a strategic pivot toward next-gen thermal management.

Strategic Growth

Munters announced the opening of its new 430,000 square foot facility in Amesbury, Massachusetts, marking a significant milestone in its North American growth strategy.

Negative Factors

Competitive Pressure

Munters shares fell ~7% after AWS unveiled its proprietary IRHX cooling system.

Market Sentiment

The stock's decline is viewed as sentiment driven, presenting a buying opportunity if Munters executes on its roadmap.

Sales Performance

Net sales of SEK 3,606m missed consensus by 3%, primarily due to continued weakness in AirTech, which saw a 12% y-o-y decline.

Munters Group AB Business Overview & Revenue Model

Company Description

Munters Group AB is a leading global provider of energy-efficient air treatment and climate solutions. The company operates primarily in two segments: AirTech and FoodTech. AirTech focuses on providing climate control systems for industrial and commercial applications, while FoodTech offers climate control solutions specifically for the agriculture and food processing industries. Munters is renowned for its innovative approach to creating sustainable environments through its core products, which include dehumidifiers, humidifiers, air coolers, and heaters.

How the Company Makes Money

Munters Group AB generates revenue through the sale of its climate control solutions across its two main business segments: AirTech and FoodTech. In the AirTech segment, the company earns money by providing advanced solutions for air treatment, including dehumidification, humidification, and air cooling systems for sectors such as pharmaceuticals, data centers, and manufacturing industries. The FoodTech segment contributes to the company's revenue by offering climate control products and services tailored for agriculture, horticulture, and food processing industries. Munters Group AB also benefits from maintenance and service contracts, ensuring ongoing relationships and additional revenue with its clients. Key factors contributing to its earnings include its commitment to innovation, energy efficiency, and sustainability, as well as its ability to address the specific climate control needs of diverse industries.

Munters Group AB Financial Statement Overview

Summary

Munters Group AB exhibits strong revenue growth and operational performance, supported by efficient cost management. While the company maintains a healthy balance sheet and robust cash flows, declining net profitability and increasing debt levels pose potential risks. The overall financial health is solid, with opportunities for improvement in profitability and leverage management.

Income Statement

Munters Group AB has shown consistent revenue growth, with significant increases in both gross and net profit margins. The TTM (Trailing-Twelve-Months) gross profit margin is robust at 34.3%, reflecting efficient cost management. The net profit margin for TTM is 3.9%, showing a decline from the previous year's 6.3%, which suggests pressure on net profitability. Overall, the income statement indicates strong operational performance but highlights some challenges in maintaining net income levels.

Balance Sheet

The balance sheet reflects a stable financial position, with a moderate debt-to-equity ratio of 1.62 in the TTM period. Return on equity has decreased to 11.1% in TTM from 16.5% in the previous year, indicating reduced shareholder returns. The equity ratio stands at 25.3%, showing a balanced approach to funding but with room for improvement. The company maintains a solid equity base, but the increasing debt levels pose a potential risk.

Cash Flow

The cash flow statement indicates strong operational cash generation, with an operating cash flow to net income ratio of 3.89 in TTM. Free cash flow has decreased slightly, but it is still positive, supporting ongoing investments. The free cash flow to net income ratio is favorable at 2.00, demonstrating efficient cash conversion. Overall, cash flows remain robust, providing a strong foundation for future growth despite recent fluctuations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.45B	13.93B	10.39B	7.35B	7.01B
Gross Profit	5.32B	4.42B	3.02B	2.35B	2.35B
EBITDA	2.50B	2.11B	1.28B	1.07B	1.01B
Net Income	973.00M	784.00M	577.00M	513.00M	420.00M
Balance Sheet
Total Assets	21.98B	16.73B	15.42B	10.74B	9.57B
Cash, Cash Equivalents and Short-Term Investments	1.53B	1.53B	914.00M	674.00M	970.00M
Total Debt	7.60B	5.85B	4.50B	2.75B	2.79B
Total Liabilities	16.07B	11.47B	10.11B	6.38B	5.82B
Stockholders Equity	5.89B	5.26B	5.30B	4.36B	3.75B
Cash Flow
Free Cash Flow	1.31B	396.00M	233.00M	177.00M	760.00M
Operating Cash Flow	2.37B	1.07B	772.00M	519.00M	977.00M
Investing Cash Flow	-2.87B	-1.42B	-1.33B	-341.00M	-209.00M
Financing Cash Flow	467.00M	1.01B	743.00M	-503.00M	-481.00M

Munters Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 125.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MTRS, the sentiment is Positive. The current price of 125 is below the 20-day moving average (MA) of 132.20, below the 50-day MA of 132.82, and below the 200-day MA of 152.61, indicating a bearish trend. The MACD of -0.57 indicates Positive momentum. The RSI at 50.30 is Neutral, neither overbought nor oversold. The STOCH value of 68.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:MTRS.

Munters Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALIG	77 Outperform	€16.76B	23.06	9.98%	1.92%	-0.39%	34.10%
AQ	76 Outperform	kr17.65B	26.95	15.38%	0.83%	-1.58%	-1.95%
SYSR	74 Outperform	kr19.41B	28.51	11.86%	1.28%	0.42%	-29.62%
MTRS	72 Outperform	$24.15B	65.58	14.56%	1.16%	6.17%	-57.37%
NMAN	71 Outperform	kr5.99B	20.88		2.35%	-0.99%	-18.07%
LIAB	67 Neutral	kr15.87B	52.58	4.25%	2.63%	-0.52%	-60.06%
Sector *	63 Neutral	kr59.62B	12.82	1.88%	2.74%	0.26%	-5.17%

Munters Group AB Corporate Events

Munters Group AB Reports Strong Growth and Strategic Focus in H1 2025

Munters Group AB reported solid growth in the first half of 2025, with a 22% increase in order intake and an 11% rise in net sales, despite currency headwinds. The company completed the divestment of its FoodTech Equipment offering, enhancing its strategic focus on digital solutions. While the adjusted EBITA margin declined due to lower volumes in AirTech and unfavorable product mix, strong performance in Data Center Technologies and FoodTech supported overall profitability. The company also issued its inaugural green bonds to finance sustainable investments, reflecting its commitment to long-term growth and value creation for stakeholders.

The most recent analyst rating on (SE:MTRS) stock is a Hold with a SEK250.00 price target. To see the full list of analyst forecasts on Munters Group AB stock, see the SE:MTRS Stock Forecast page.

Munters Group AB Annual General Meeting Resolutions

At the annual general meeting of Munters Group AB, key resolutions included the adoption of the 2024 financial statements, approval of a SEK 1.60 per share dividend, and re-election of board members and auditors. The meeting also authorized the Board to issue new shares and manage the company’s own shares, reflecting strategic flexibility for future growth.

The most recent analyst rating on (SE:MTRS) stock is a Buy with a SEK210.00 price target. To see the full list of analyst forecasts on Munters Group AB stock, see the SE:MTRS Stock Forecast page.