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Mutares SE (MUX) Fair Value & Analysis

Financial Services · DE · Market cap €608M

MS Mutares SE MUX · XETRA
Price€28.60
Fair Value€38.65
Upside+35.1%
Quality95/100
Evidence: High Range €28.99 – €48.31

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 3 days ago

Share price −2.0% over the past month.

Price vs Fair Value (12 months)

€36.50 €24.31 Fair Value €38.65 Jun 2025 Jun 2026

12‑month range €24.31 – €36.50 · fair‑value band €28.99 – €48.31 · the €28.60 price screens below the €38.65 fair value. As of Jun 26, 2026.

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Analysis

Mutares SE (MUX) currently trades at €28.60, while our model-based Fair Value estimate is €38.65 — implying the stock looks roughly 35.1% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Mutares SE generated revenue of €6.7B at a net margin of -3.6%. Revenue grew 10.0% year over year. It earns a return on equity of -39.6%. The balance sheet holds a net cash position of €407M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €6.7B
Revenue growth (YoY) +10.0%
Net margin -3.6%
Return on equity -39.6%
Free cash flow −€450M FY2024
P/E ratio 17.4
More key figures
Operating margin -9.1%
EPS (TTM) €1.60
Dividend yield 7.1%
EPS growth (YoY) +745%
Net cash €407M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Mutares SE & Co. KGaA is a private equity firm specializing in investments in secondary direct, special situations, bridge financing, recapitalization, distressed/vulture, management succession, reorganization, carve-outs, turnarounds, spin-offs and re-funding. It also considers co-investments. The firm typically acquires small and medium-sized companies. It also focuses on platform and add-on acquisitions. The firm makes investments in automotive and mobility, wood and paper, construction and infrastructure, engineering, consumer goods and services, technology, commercial repair services, automobiles and components, retail and food, healthcare equipment and services, chemicals and materials including containers and packaging. The firm primarily invests in companies with established market positions and whose focus of activity is on Europe, North America and Asia. It considers acquiring companies that have revenues between 100 million ($107.33 million) and 750 million ($804.94 milli…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mutares SE reported revenue of €4.8B in FY2025 versus €2.5B in FY2021, a compound +17.7%/yr. Reported net income was €308M in FY2025, compounding −9.0%/yr from FY2021.

Revenue +17.7%/yr
FY21 €2.5B
FY22 €3.8B
FY23 €4.7B
FY24 €5.3B
FY25 €4.8B
Net income −9.0%/yr
FY21 €449M
FY22 −€6.7M
FY23 €397M
FY24 −€406M
FY25 €308M

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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Frequently asked questions

Is Mutares SE (MUX) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €38.65 versus a price of €28.60 — about +35% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MUX?
Our 21-model fair value for Mutares SE is €38.65 (as of Jun 26, 2026), built from audited fundamentals. The current price is €28.60.
What is the quality score of MUX?
Mutares SE has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mutares SE (MUX)?
Mutares SE reported trailing-twelve-month revenue of about €6.7B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MUX?
The net profit margin of Mutares SE is about -3.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Mutares SE pay a dividend?
Mutares SE currently shows a dividend yield of about 7.10% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.