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Munters Group AB (MTRS.ST)

SEK166.60 -1.20 (-0.72%)
SE STO Industrials Industrial - Machinery
Address Borgarfjordsgatan 16 164 40
Kista, SE
CEO Klas Forsström
Website munters.com
IPO 2017-05-19
ISIN SE0009806607

Explore sections of this company profile

Also trades on Other OTC · MMNNF (USD) Stockholm Stock Exchange · MTRS.ST (SEK)
Description

Munters Group AB (publ) provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia-pacific. The company operates through three segments: AirTech, Data Center Technologies, and FoodTech. It offers industrial and commercial dehumidification and climate control products, such as air cleaning and inlet systems, air pollution control and VOC abatement solutions, controllers and automations, coolers and humidifiers, dehumidifiers, fans, heaters, heat exchangers, mass transfer equipment, and mist eliminators. The company also provides lifecycle solutions, including service agreements, installation, start-up, commissioning, maintenance and repairs, and retrofit and upgrade. In addition, it offers its products for cold storage, cooling, dehumidification, farm management, gas liquid separation, high temperature, humidification, mass transfer, preservation, spray drying, and volatile organic compound abatement solutions. The company serves automotive, battery, chemical and fertilizer, construction and infrastructure, data centers, defense and aerospace, electronics, food and agriculture, general industry, healthcare, ice rinks and sports, and marine; oil, gas, and refineries; pharmaceuticals; power; public buildings and offices; pulp, paper, and printing; steel and cement; storage, archives, and museums; and water and wastewater industries. Munters Group AB (publ) was founded in 1955 and is headquartered in Kista, Sweden.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK166.60 -1.20 (-0.72%)
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Volume Profile
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Liquidity & share structure
Average Volume
450.9K
Beta
0.73
Float Shares
182.21M
Free Float %
99.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.36% -6.38% -3.15% +2.27% +20.15% +0.26% +49.08% +47.49% +122.25% +193.41% +193.41%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
166.60
DCF (Unlevered) 75.71 -54.6%
DCF (Levered) 197.46 +18.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 71% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 4 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.32
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Industrial - Machinery: +7.4%
    -4.8% Q1'26: -3.6% (vs Q1'25)
  • ✗
    EPS growth Industrial - Machinery: +15.6%
    -89.1% Q1'26: +182.9% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Industrial - Machinery: +38.2%
    +6.6% Q1'26: +6.8% (vs Q1'25)
  • ✗
    EBIT margin Industrial - Machinery: +10.0%
    +8.4% Q1'26: +9.6% (vs Q1'25)
  • ✗
    ROIC Industrial - Machinery: +6.8%
    +6.7% Q1'26: +8.1% (vs Q1'25)
  • ✗
    Share dilution Industrial - Machinery: +0.0%
    +0.1% Q1'26: +0.0% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    4.73× Q1'26: 3.73× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.74) × ERP
WACC = 79% × Ke + 21% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 75.71 Current price: 166.60
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
7 Rev. Ana.
7 EPS Ana. 		Dec 2027
7 Rev. Ana.
7 EPS Ana. 		Dec 2028
6 Rev. Ana.
6 EPS Ana. 		Dec 2029
5 Rev. Ana.
4 EPS Ana. 		Dec 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
6.61B
est: 6.61B (-0.1%)
7.12B
est: 7.16B (-0.5%)
7.15B
est: 7.23B (-1.0%)
7.02B
est: 7.10B (-1.2%)
7.35B
est: 7.18B (+2.4%)
10.39B
est: 10.18B (+2.0%)
13.93B
est: 14.55B (-4.2%)
15.45B
est: 15.04B (+2.8%)
14.71B
est: 15.01B (-2.0%)
17.06B
16.83B – 17.60B
+13.6% YoY
20.15B
19.22B – 21.07B
+18.2% YoY
22.20B
22.17B – 22.23B
+10.2% YoY
24.76B
23.99B – 25.73B
+11.5% YoY
28.83B
27.94B – 29.96B
+16.4% YoY
EBITDA
717.00M
est: 944.39M (-24.1%)
800.00M
est: 1.02B (-21.8%)
911.00M
est: 1.03B (-11.8%)
1.01B
est: 1.01B (-0.7%)
1.03B
est: 1.03B (+0.7%)
1.24B
est: 1.46B (-14.8%)
2.08B
est: 2.18B (-4.9%)
2.50B
est: 2.26B (+10.7%)
1.98B
est: 2.25B (-12.0%)
2.56B
2.53B – 2.64B
+13.6% YoY
3.03B
2.89B – 3.16B
+18.2% YoY
3.33B
3.33B – 3.34B
+10.2% YoY
3.72B
3.60B – 3.86B
+11.5% YoY
4.33B
4.19B – 4.50B
+16.4% YoY
EBIT
449.00M
est: 682.87M (-34.2%)
548.00M
est: 739.69M (-25.9%)
564.00M
est: 746.85M (-24.5%)
695.00M
est: 733.63M (-5.3%)
730.00M
est: 741.41M (-1.5%)
863.00M
est: 1.05B (-18.0%)
1.59B
est: 1.26B (+26.1%)
1.85B
est: 1.31B (+41.9%)
1.23B
est: 1.30B (-5.5%)
1.48B
1.46B – 1.53B
+13.6% YoY
1.75B
1.67B – 1.83B
+18.2% YoY
1.93B
1.93B – 1.93B
+10.2% YoY
2.15B
2.08B – 2.23B
+11.5% YoY
2.50B
2.43B – 2.60B
+16.4% YoY
Net Income
174.00M
est: 284.03M (-38.7%)
-105.00M
est: 418.73M (-125.1%)
284.00M
est: 404.97M (-29.9%)
420.00M
est: 562.97M (-25.4%)
513.00M
est: 575.63M (-10.9%)
577.00M
est: 748.02M (-22.9%)
784.00M
est: 862.00M (-9.0%)
973.00M
est: 1.31B (-25.7%)
106.00M
est: 885.49M (-88.0%)
1.07B
1.05B – 1.41B
+21.2% YoY
1.77B
1.50B – 2.17B
+64.7% YoY
2.07B
1.73B – 2.70B
+17.1% YoY
2.03B
1.95B – 2.13B
-2.0% YoY
—
— – —
-100.0% YoY
SGA
1.55B
est: 1.23B (+26.3%)
1.20B
est: 1.33B (-9.8%)
1.58B
est: 1.34B (+17.8%)
1.36B
est: 1.32B (+3.0%)
1.40B
est: 1.33B (+5.2%)
1.88B
est: 1.89B (-0.5%)
2.39B
est: 2.70B (-11.6%)
2.96B
est: 2.79B (+6.0%)
2.85B
est: 2.78B (+2.2%)
3.16B
3.12B – 3.26B
+13.6% YoY
3.74B
3.57B – 3.91B
+18.2% YoY
4.12B
4.11B – 4.12B
+10.2% YoY
4.59B
4.45B – 4.77B
+11.5% YoY
5.35B
5.18B – 5.56B
+16.4% YoY
EPS
0.95
est: 1.56 (-38.9%)
-0.57
est: 2.29 (-124.8%)
1.56
est: 2.22 (-29.7%)
2.31
est: 3.08 (-25.1%)
2.82
est: 3.15 (-10.6%)
3.17
est: 4.10 (-22.6%)
4.30
est: 4.72 (-9.0%)
5.33
est: 7.12 (-25.2%)
0.58
est: 4.82 (-88.0%)
6.49
5.74 – 7.69
+34.7% YoY
10.04
8.19 – 11.85
+54.7% YoY
11.68
9.48 – 14.75
+16.3% YoY
11.10
10.65 – 11.67
-5.0% YoY
—
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-28 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-27 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-26 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-25 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-22 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-21 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-20 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-19 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-18 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-15 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-13 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-12 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-11 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-08 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-07 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-06 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-05 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-05-04 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-04-30 C+ 2/5 4/5 3/5 3/5 1/5 1/5 1/5
2026-04-29 B- 2/5 4/5 3/5 4/5 1/5 1/5 1/5
2026-04-28 C+ 2/5 4/5 2/5 3/5 1/5 1/5 1/5
2026-04-27 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-24 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-23 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-22 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-21 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-20 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-17 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5
2026-04-16 C+ 2/5 4/5 2/5 4/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
638.40M
OE per share TTM
3.50
Owner's Yield
1.80%
Maintenance CapEx ratio
132.25%
Maint CapEx / Avg PPE
16.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 88 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VistaShares Artificial Intelligence Supercycle ETF AIS 0.44% 2.50M 0.75%
2 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.30% 272.8K 0.38%
3 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.30% 272.8K 0.38%
4 iShares OMX Stockholm Capped UCITS ETF OM3X.DE 0.26% 561.5K 0.10%
5 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.15% 652.1K 0.48%
6 WisdomTree International SmallCap Dividend Fund DLS 0.15% 1.57M 0.58%
7 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE 0.14% 493.4K 0.23%
8 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA 0.14% 493.4K 0.23%
9 iShares MSCI Europe Small-Cap ETF IEUS 0.14% 248.0K 0.41%
10 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.14% 4.84M 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
245.5K
Shares Outstanding
182.54M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Klas Forsstrom President & Chief Executive Officer 26M male
Grete Solvang Stoltz Group Vice President People, Culture & Sustainability — female
Henrik Teiwik Group Vice President & President for AirTech — male
Kaspar Kirchmann Group Vice President of Legal & Counsel — male
Katharina Fischer Group Vice President & Chief Financial Officer — female
Line Dovarn Head of Investor Relations — female
Pia Brantgarde Linder Group Vice President & President of FoodTech — female
Stefan Aspman Group Vice President & President of Data Center Technologies — male
Andrew Cook Senior Vice President of AirTech Americas — —
Susann Johnsson Group Vice President of Communications & Brand — female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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