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Mutares (MUX)

Business description

Founded and listed in 2008, mutares AG acquires special situation companies that are under performing and can be turned around through financial and operational restructuring. It currently owns 13 companies across five focus industries.

Stock data

Market cap.€168.1m
Last close€10.85
High / Low (52 weeks)€20.8 / €10.3
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual4.8(5.7)(11.8)
Relative *8.3(1.3)(12.533)

* % Relative to local index

Other companies in sector Show

Company news

Mecaplast sells truck business to Germany's Mutares AG

Wed, 11 Jan 2017 19:41:15 GMT

Mutares AG: High Transaction Activity Adds Momentum

Thu, 28 Sep 2017 10:52:30 GMT

mutares AG Acquires Paper Manufacturer Zanders GmbH; Will Retain Product Line

Wed, 05 Aug 2015 21:05:11 GMT

BRIEF-Wah Seong Corp updates on acquisition of Mutares Holding-16 AG

Wed, 15 Feb 2017 11:37:30 GMT

DGAP-News: mutares AG: mutares positions itself for future development

Thu, 15 Sep 2016 07:32:05 GMT

Investment summary

After reporting c €9m of adjusted EBITDA in H118, Mutares expects FY18 earnings to reach €20–30m. This should be assisted by successful turnarounds and organic growth of portfolio entities, as well as beneficial M&A activity. Management expects one or two additional transactions (either acquisitions or divestments) to be initiated and completed in the remainder of 2018, on top of the Knorr-Bremse deal which is already in progress. At the current share price of €9.30, Mutares is trading at a 40.5% discount to last reported NAV.

Last updated on 19/11/2018

Latest video

Executive Interview – Mutares

Key management

Corinna Lumpp, Manager Strategy & IR

Company address

Arnulfstra├če 19
Munich
80335
Germany
+49-89-9292776-0
View website