Mutares SE & Co. KGaA/€MUX
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Mutares SE & Co. KGaA
Mutares SE & Co. KGaA is a Germany-based private equity firm focused on acquiring and operationally transforming medium-sized companies in turnaround situations. The company's core business involves investments in struggling companies, with the aim of restructuring them to create value. Mutares operates across several segments, including Automotive & Mobility, Engineering & Technology, and Goods & Services, offering governance and strategic support to its portfolio companies. Founded in 2008 and headquartered in Munich, Germany, Mutares leverages its industry expertise and restructuring experience to improve the operational efficiency and profitability of its acquisitions. The firm is noted for its hands-on approach to managing transitions and is active primarily in European markets.
- Ticker
- €MUX
- Sector
- Finance
- Primary listing
- XETRA
- Employees
- 35,000
- Headquarters
- Munich, Germany
- Website
- www.mutares.com/en
MUX Metrics
BasicAdvanced
€671M
-
-€8.85
0.64
€2.00
7.60%
Price and volume
Market cap
€671M
Beta
0.64
52-week high
€35.10
52-week low
€23.85
Average daily volume
50K
Dividend rate
€2.00
Financial strength
Current ratio
0.958
Quick ratio
0.446
Long term debt to equity
1.266
Total debt to equity
2.215
Interest coverage (TTM)
-2.71%
Profitability
EBITDA (TTM)
-331.8
Gross margin (TTM)
39.20%
Net profit margin (TTM)
-2.91%
Operating margin (TTM)
-6.35%
Effective tax rate (TTM)
4.47%
Revenue per employee (TTM)
€200,000
Management effectiveness
Return on assets (TTM)
-4.97%
Return on equity (TTM)
-29.21%
Valuation
Price to revenue (TTM)
0.086
Price to book
0.83
Price to tangible book (TTM)
1.54
Price to free cash flow (TTM)
-2.147
Free cash flow yield (TTM)
-46.57%
Free cash flow per share (TTM)
-12.247
Dividend yield (TTM)
7.60%
Forward dividend yield
7.60%
Growth
Revenue change (TTM)
17.74%
Earnings per share change (TTM)
-594.23%
3-year revenue growth (CAGR)
16.77%
10-year revenue growth (CAGR)
25.93%
3-year earnings per share growth (CAGR)
-13.75%
3-year dividend per share growth (CAGR)
25.99%
10-year dividend per share growth (CAGR)
12.79%
What the Analysts think about MUX
Analyst ratings (Buy, Hold, Sell) for Mutares SE & Co. KGaA stock.
Analyst projections of the future price of Mutares SE & Co. KGaA stock.
Bulls say / Bears say
Group revenue rose 9% to €3.4bn in the first half of 2026, while adjusted EBITDA swung to €66.7m from a loss of €88.5m a year earlier. That points to a meaningful operational recovery, and management maintained its 2026 guidance. (Mutares)
Recent exits show the turnaround model can deliver: Mutares says it earned about €50m in gross proceeds from Terranor at a return on invested capital above its target range, and completed the sale of NEM Energy after making it a profitable standalone business. These sales also bring cash back to the holding company. (Mutares, EQS News)
The completed acquisition of SABIC’s engineering thermoplastics business adds a business with about €2bn in annual revenue and expands Mutares into a new Chemicals & Materials segment. Mutares has confirmed 2026 group revenue guidance of €7.9bn to €9.1bn. (Mutares)
The portfolio remains uneven: Mutares identified significant challenges at Lapeyre, Prénatal, Stuart, La Rochette and Natura, while recent acquisitions reduced first-half adjusted EBITDA by €17.1m. A continued drag at these businesses could delay the expected improvement. (Mutares)
Financing remains a key risk: Mutares reported that a bond covenant was breached at the end of 2025 and disclosed a liquidity and refinancing risk that could threaten its ability to continue as a going concern. About €222m of its 2023/2027 bond remains outstanding ahead of a planned Q4 2026 refinancing, with maturity in March 2027. (Mutares, Mutares)
The April 2026 share issue added 4.27m shares, roughly a 20% increase on the pre-issue count, diluting existing holders. Around 80% of the €105m proceeds is earmarked for expansion, so the investment case depends in part on new deals earning an adequate return. (Mutares)
Data summarised monthly by Lightyear AI. Last updated on 26 Oct 2026.
MUX Financial Performance
Revenues and expenses
MUX Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing MUX
Fund name | Fund size | €MUX weighting |
|---|---|---|
iShares Listed Private Equity$IDPE | $843M | 0.20% |
iShares Listed Private Equity£IPRV | $843M | 0.20% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.03% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.03% |
SPDR MSCI All Country World IM€SPYI | $7.7B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.