Mutares SE & Co KgaA
Mutares SE & Co KgaA is a financial services company that operates in the investment management and fund operators industry, primarily generating revenue through asset management and investment advisory services.
Business. Mutares SE & Co KgaA (MUXG.DE) is an investment management and fund operator headquartered in Germany. The company operates within the Banking & Investment Services sector, generating revenue primarily through fee-based models associated with asset management. It is listed on the Xetra exchange under the ticker MUXG.DE. Specific details regarding operating segments and geographic revenue mix are not provided.
Analyst recommendations
4 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Mutares SE & Co KgaA (MUXG.DE) is an investment management and fund operator headquartered in Germany. The company operates within the Banking & Investment Services sector, generating revenue primarily through fee-based models associated with asset management. It is listed on the Xetra exchange under the ticker MUXG.DE. Specific details regarding operating segments and geographic revenue mix are not provided.
Mutares has a liquidity position that is currently medium, with a debt-to-equity ratio of 3.24, indicating a significant reliance on debt financing. The company's liquidity is further constrained by a negative net cash position after subtracting total debt, which raises concerns about its ability to meet short-term obligations without additional financing.
Profitability is a major concern for Mutares, as it reported a net loss of EUR 15 million in the latest period. The return on equity is negative at -2.48%, which is far below the typical performance of companies in the investment management industry. This suggests that the company is not effectively utilizing its equity to generate returns, which could impact its long-term viability.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of diversification increases the company's exposure to market-specific risks, particularly in the financial services sector, which is sensitive to macroeconomic conditions and regulatory changes.
Looking ahead, the company's growth trajectory is uncertain. The latest financial data does not provide a clear indication of future revenue growth, and the capital expenditure of EUR -321.3 million suggests a reduction in investment in long-term assets. This could signal a strategic shift or a response to financial constraints, but without additional context, it is difficult to assess the implications for future growth.
Risk factors for Mutares include its high debt load and negative net cash position, which could lead to liquidity stress in the event of a downturn. The company's dilution risk is currently low, but the presence of a negative net cash position and high debt-to-equity ratio suggests that the company may need to raise additional capital in the future, which could lead to share dilution.
Recent events, including the latest financial filing, indicate that the company is operating in a challenging environment. The negative net income and high debt levels suggest that the company is under financial pressure, and it may need to take corrective actions to stabilize its financial position.
- Mutares is operating with a high debt-to-equity ratio of 3.24, indicating a significant reliance on debt financing.
- The company reported a net loss of EUR 15 million, with a negative return on equity of -2.48%.
- Revenue is concentrated in a single business segment, with no disclosed geographic diversification.
- The company's capital expenditure is negative, suggesting a reduction in investment in long-term assets.
- The company's liquidity position is medium, with a negative net cash position after subtracting total debt.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 5,50 |
| Revenue | —no estimate | —no estimate | 8,4B EUR |
| Operating income | —no estimate | —no estimate | 309,0M EUR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
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- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Mutares SE & Co KgaA Market data — financials · 2026-05-28
- Mutares SE & Co KgaA Market data — analyst estimates · 2026-05-28
- Mutares SE & Co KgaA Market data — ESG · 2026-05-28
Ownership & reference
Leadership
- Micha BlochingChairman of the Supervisory Board