Mutares stock holds below its 52-week high
Published on 08/28/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Mutares SE & Co. KGaA (ISIN DE000A0Z23Y2) trades well below its January 2026 peak, with the latest quotes on August 28, 2026 showing EUR 25.60 on Xetra and EUR 25.65 on Tradegate. The move came after a 1.96 percent gain in Frankfurt, and the 52-week range still stretches from EUR 23.25 to EUR 35.15.
Half-year numbers
The first half of 2026 was the main operating marker in recent coverage, with revenue at EUR 3.4 billion and adjusted EBITDA at EUR 67 million. That EBITDA figure is more than EUR 150 million above the prior-year period, while adjusted net income fell to EUR 6 million from EUR 70 million a year earlier because the comparison included a large exit contribution.
The same half-year update also points to a more mixed quality of earnings. Revenue growth alone did not lift profit evenly, and the gap between EUR 67 million in adjusted EBITDA and EUR 6 million in adjusted net income shows how dependent the group still is on portfolio moves and disposals.
Valuation and peer angle
FactSet-based market coverage on August 28, 2026 puts Mutares at a 2026 P/E of 2.23, the lowest in the SDAX, while the same coverage shows a dividend yield of 7.84 percent for the year. That combination explains why the stock can rise 1.96 percent in a single session and still trade far below its 52-week high.
For investors, the comparison matters more than the one-day move: a stock at EUR 25.60 with a EUR 35.15 high and a 2.23 P/E is being priced for execution, not for perfection.
Portfolio snapshot
Mutares builds value through acquisitions, operational restructuring, and later exits across industrial and services assets. The model gives the group a path to cash generation, but it also makes half-year results sensitive to timing, as the EUR 6 million adjusted net income in the latest half-year report shows.
Stock view
As of August 28, 2026, Mutares shares last traded at EUR 25.60 on Xetra and EUR 25.65 on Tradegate. The stock is still well below the EUR 35.15 high set in January 2026.
Fact box
Company: Mutares SE & Co. KGaA
ISIN: DE000A0Z23Y2
Ticker: MUX
Exchange: Xetra
Price (as of August 28, 2026, 4:43 p.m. local market time): EUR 25.60
Market cap: EUR 562 million
Sector / Industry: Financials / Asset Management & Custody Banks
Index membership: SDAX
