profit from every SEK 100 of sales.
SEK 0SEK 100
Munters Group
SEK 136.75+2.20% today
-24.0% in 1 year
1-year low SEK 126.351-year high SEK 210.60
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 235.50 for every SEK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Munters Group sold, what it kept, and what it did with the cash.
Sales went from SEK 10.4 billion in 2022 to SEK 14.7 billion in 2025, with SEK 106 million of profit last year.
SalesProfit
Munters Group handed back 40% of the cash it generated last year.
SEK 292M
Free cash flow 2025SEK 722M
Bought back its own shares–
Paid as dividendsSEK 292M
Cash vs. debtSEK 1.5B vs. SEK 7.9B
Munters Group vs. similar companies
Munters Group grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Munters Group | 235.5× · Very expensive | ||
 Canmax Technologies | 79.6× · Very expensive | ||
 Kurita Water Industries | 28.3× · Fair price | ||
 Zijin Longking | 21.4× · Fair price | ||
 Organo | 17.1× · Fair price |
AI analysis
An AI analyst reads Munters Group's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 10,386 | 13,930 | 13,587 | 14,712 | |
| 3,017 | 4,422 | 4,792 | 4,621 | |
| 907 | 1,656 | 1,841 | 1,319 | |
| 1,240 | 2,057 | 2,321 | 1,969 | |
| 577 | 784 | 973 | 106 | |
| 3.17 | 4.30 | 5.33 | 0.58 | |
| 29.0% | 31.7% | 35.3% | 31.4% | |
| 8.7% | 11.9% | 13.5% | 9.0% | |
| 5.6% | 5.6% | 7.2% | 0.7% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 15,204 | 16,731 | 21,979 | 19,728 |
| Cash | 914 | 1,532 | 1,530 | 1,492 |
| Total debt | 4,496 | 5,851 | 7,598 | 7,919 |
| Total liabilities | 9,898 | 11,473 | 16,071 | 14,862 |
| 5,303 | 5,257 | 5,894 | 4,858 | |
| 182 | 182 | 183 | 183 | |
| 7.0% | 11.2% | 10.3% | 7.6% | |
| 10.9% | 14.9% | 16.5% | 2.2% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 772 | 1,066 | 2,367 | 1,580 | |
| 539 | 670 | 1,036 | 858 | |
| 233 | 396 | 1,331 | 722 | |
| Dividends paid | 154 | 173 | 237 | 292 |
| 0 | – | – | – | |
| – | – | – | – |
Valuation
- 235.5×
- –
- –
- 7.2×
- 1.7×
- 34.6×
- 15.9×
- 2.9%
- 0.4%
- 1.2%
Profitability
- 31.4%
- 9.0%
- 0.7%
- –
- 7.6%
- 9.0%
- –
- –
- –
- –
Growth
- +12.3%
- −43.2%
- –
- –
- +0.1%
Financial health
- 3.3×
- 1.63
- –
- 3.0×
- 1.01
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 48%of 982
Top 47%of 989
Bottom 1%of 870
Top 27%of 986
Bottom 43%of 988
1.2%of the share price, paid each year
On $1,000 invested$12a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
275.5% of its profit
Room to growStretchedMore than it earns: 40.4%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
25No pass
Benjamin Graham
33No pass
Philip Fisher
30No pass
Peter Lynch
22No pass
Joel Greenblatt
10No pass
Charlie Munger
17No pass
Terry Smith
20No pass
Questions about Munters Group
Is Munters Group a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Munters Group AI analysis
What does Munters Group do?
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 is in Pollution & Treatment Controls, based in Kista, Sweden, with 5,153 employees.
Does Munters Group pay a dividend?
Yes. At today's price the dividend is 1.2% a year, about 275% of its yearly profit. In 2025 it paid out SEK 292 million in dividends.
Is Munters Group stock halal?
Questionable. Munters Group sits in a grey zone: its debt is 32% of its market value, between 30% and 33%. How we check
How has Munters Group stock done over the past year?
Down 24.0% over the past twelve months, to SEK 136.75. It traded between SEK 126.35 and SEK 210.60 and is 35.1% below its high.
Who are Munters Group's competitors?
The largest listed companies in the same industry are Canmax Technologies, Kurita Water Industries, Zijin Longking and Organo. The peers table on this page compares their profit, growth and price with Munters Group's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.