ETR:MUM Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, ETR:MUM stock has a consensus rating of "Buy" and an average price target of €55.35. The average 1-year stock price forecast is 59.51% higher than the current stock price, while the lowest is €45.00 (+29.68%) and the highest is €66.00 (+90.20%).

Price Target: €55.35 (+59.51%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	€45.00	€55.35	€55.20	€66.00
Change	+29.68%	+59.51%	+59.08%	+90.20%

* Price targets were last updated on Apr 23, 2026.

Analyst Ratings

The average analyst rating for ETR:MUM stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Sep '25	Oct '25	Feb '26	Mar '26	Apr '26
Strong Buy	4	5	3	2	3	3
Buy	0	0	0	0	0	0
Hold	0	0	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	5	4	3	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Hold Downgrades €45.00	Hold	Downgrades	€45.00	+29.68%	Apr 23, 2026

Financial Forecast

Revenue This Year

259.25M

from 238.59M

8.66%

from 238.59M

Revenue Next Year

280.30M

from 259.25M

8.12%

from 259.25M

EPS This Year

2.17

from 1.91

13.66%

from 1.91

EPS Next Year

2.47

from 2.17

13.76%

from 2.17

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	266.16M	320.48M	322.31M	325.84M	238.59M	259.25M
Revenue Growth	9.09%	20.41%	0.57%	1.10%	-26.78%	8.66%
Gross Profit	138.42M	161.14M	168.53M	174.59M	181.88M	196.77M
Gross Margin	52.00%	50.28%	52.29%	53.58%	76.23%	75.90%
Operating Income	34.66M	42.64M	46.83M	46.48M	49.11M	55.96M
Net Income	21.31M	26.01M	28.87M	30.49M	31.81M	35.57M
EPS	-	-	-	-	1.91	2.17
EPS Growth	-	-	-	-	5.88%	13.66%
Forward PE	44.86	27.16	28.46	23.42	19.93	15.99
Dividend / Share	1.20	1.40	1.65	1.85	2.00	2.20
Dividend Growth	-	16.67%	17.86%	12.12%	8.11%	10.00%
Free Cash Flow	26.35M	31.91M	38.64M	29.81M	23.35M	29.85M
No. Analysts	-	-	-	-	-	4

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	267.0M
Avg	259.2M
Low	255.0M

Revenue Growth

Revenue Growth	2026	2027	2028
High	11.9%
Avg	8.7%
Low	6.9%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	2.17
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	13.7%
Low	-