Mister Spex (MRX.DE) Stock Price

Mister Spex Price

XETRA·CLOSED
1.11
​
Market closed

Over the last 8 years Mister Spex grew revenue by 7.2% annually, reaching 178.44 M EUR. For Mister Spex, the net margin of -15.8% is broadly stable versus -16.6% a few years ago. The consensus 12-month price target for Mister Spex is 4.08 EUR, about 269.2% above where the stock trades today. Of 8 analysts, 6 rate the stock a buy — an overall Buy consensus.

Mister Spex stock price

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Mister Spex business model & stock analysis

Mister Spex is a German company headquartered in Berlin, founded in 2007. Having started as an online contact-lens shop, Mister Spex has grown into one of Germany's leading omnichannel opticians and has been listed on the Frankfurt Stock Exchange since July 2021. The business model combines e-commerce with brick-and-mortar optical retail: customers can select frames online using a virtual 2D/3D try-on and have them fitted in one of 67 own stores across Germany, where more than 120 in-house opticians provide eye tests and full optical services. The assortment spans more than 100 third-party brands – including Ray-Ban, Oakley, Gucci and Hugo Boss – as well as seven private labels, plus contact lenses and care products. The company serves a customer base of more than 8 million. Between 2024 and 2026 Mister Spex underwent a far-reaching transformation: withdrawal from unprofitable international markets, closure of foreign stores, a structural cost reset (headcount reduced by roughly 250 FTE to 827 at year-end 2025) and the 2026 handover of logistics and manufacturing to specialised external partners have substantially lowered the cost base. In fiscal 2025 revenue declined 16% to EUR 181.5 million as a consequence of the transformation, while the gross margin improved to 55.6%, the net loss narrowed from EUR 84.9 million to EUR 28.2 million and operating cash flow turned positive at EUR 1.5 million. Tobias Krauss has led the company as CEO since April 2025, with Benjamin von Schenck joining as CFO in November 2025; the supervisory board is chaired by Nicola Brandolese. Anchor shareholders include investor and publisher Norman Rentrop, who raised his stake to 16.94% in early 2026, eyewear group EssilorLuxottica with around 11% and Hamburg's Büll family with around 10%. Strategically, Mister Spex targets sustainably profitable growth in the German optical market, where online penetration below 10% still offers significant digitisation potential.

Frequently asked questions about Mister Spex

The main competitors of Mister Spex SE in the market include companies like Warby Parker, Zenni Optical, GlassesUSA, and EyeBuyDirect.

The business model of Mister Spex SE revolves around being a leading digital optical retailer in Europe. They specialize in providing a wide range of eyewear products, including glasses, sunglasses, and contact lenses, through their online platform. Mister Spex SE operates a vertically integrated supply chain, which allows them to offer a vast selection of products at competitive prices. Customers can conveniently choose from various eyewear brands, get their prescription details online, and receive personalized advice from their certified opticians. By combining digital technology, excellent customer service, and a seamless shopping experience, Mister Spex SE aims to provide high-quality eyewear solutions to their customers across Europe.

Mister Spex SE is primarily active in the eyewear industry.

Mister Spex SE is a leading online retailer of prescription glasses, sunglasses, and contact lenses in Europe. Established in 2007, the company quickly gained popularity by revolutionizing the eyewear market with its innovative business model. With a wide range of high-quality eyewear products and exceptional customer service, Mister Spex SE has successfully expanded its operations across Europe, serving millions of customers. The company has also established partnerships with renowned brands and opticians to ensure a seamless shopping experience. Mister Spex SE's commitment to providing affordable, fashionable eyewear has propelled its growth and cemented its position as a key player in the industry.

Mister Spex SE, a renowned company in the eyewear industry, has accomplished several significant milestones. The company has successfully established itself as a leading online retailer for glasses, sunglasses, and contact lenses. Mister Spex SE boasts an extensive product range, offering top brands and a wide variety of stylish frames. With a customer-centric approach, the company has enhanced the online shopping experience for eyewear enthusiasts, providing convenience, affordability, and excellent customer service. Mister Spex SE has also expanded into the realm of brick-and-mortar stores, embracing omnichannel retailing. Its commitment to innovation and vision care has positioned the company as a trusted and influential player in the eyewear market.

Mister Spex SE is primarily present in several countries and regions. The company operates mainly in Germany, Austria, Switzerland, France, Spain, the Netherlands, and Scandinavia.

Mister Spex SE represents a set of core values and corporate philosophy that drives its operations. The company believes in providing exceptional customer experience by offering a wide range of high-quality eyewear products, including prescription glasses, sunglasses, and contact lenses. Mister Spex SE aims to make eyewear shopping convenient and accessible by offering an extensive online platform combined with professional optician services. Additionally, the company focuses on promoting sustainability through its eco-friendly initiatives and partnerships. With a strong commitment to innovation, Mister Spex SE continually strives to improve its technology-driven processes and remains dedicated to delivering superior quality eyewear solutions to its customers.

Analysts currently set an average price target of 3.85 EUR for the Mister Spex stock (median: 4.08 EUR), implying +258.0 % versus the latest price. The consensus is based on 8 analyst ratings.

8 analysts currently rate the Mister Spex stock: 6 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Mister Spex to generate revenue of 169.25 M EUR and earnings per share of -0.73 EUR.

The Mister Spex share (MRX.DE) is listed on 7 stock exchanges, including: London (0A9V.L), XETRA (MRX.DE), Frankfurt (MRX.F), München (MRX.MU), Düsseldorf (MRX.DU), Hamburg (MRX.HM).

Mister Spex SE, headquartered in Berlin, is one of Germany's leading omnichannel opticians. Founded in 2007 and listed on the Frankfurt Stock Exchange since July 2021, the company combines five European online shops with 67 own retail stores across Germany, staffed by more than 120 qualified opticians. The range covers prescription glasses, sunglasses and contact lenses from over 100 third-party brands plus seven private labels. Following a comprehensive transformation, Mister Spex refocused on its profitable German omnichannel core business, exited unprofitable international markets, cut structural costs and handed logistics and manufacturing to specialised external partners in 2026. In fiscal 2025 revenue came in at EUR 181.5 million with the gross margin up at 55.6% and operating cash flow back in positive territory. Tobias Krauss has led the company as CEO since April 2025, joined by CFO Benjamin von Schenck in November 2025. The largest shareholder is investor Norman Rentrop with 16.94%, followed by EssilorLuxottica and the Büll family.

The expected revenue of Mister Spex is 169.25 M EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Mister Spex is -25.00 M EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Mister Spex is currently -1.52. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Mister Spex stock.

The price-to-sales ratio (P/S) of Mister Spex is currently 0.22. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Mister Spex stock.

The Eulerpool Quality Score for Mister Spex is 2/10.

The ISIN of Mister Spex is DE000A3CSAE2. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Mister Spex is A3CSAE. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Mister Spex is MRX.DE. The ticker symbol is used to trade Mister Spex shares on the stock exchange.

Fair ValueTerminal
0.95 EUR
Over-/UndervaluationTerminal
Fairly valued
Sector
—
Industry
Other
Number of shares
Employees
Revenue per Employee
185,873.96 EUR
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Currency
EUR
Initial public offering
Jul 2, 2021
ISIN
DE000A3CSAE2
Cusip
D5S4HU102
Sedol
BLCHX17
Market capitalization
38.73 M EURMicro Cap
52-Week Range
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
0.03
P/E ratio
P/Ee 2026
-1.52
P/Ee 2027
-2.39
P/Ee 2028
-10.57
P/S
P/Se
0.22
EV/EBIT
—
P/B Ratio
0.84
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
-26.51 %
Gross Margin
10.48 %
EBIT Margin
-17.09 %
Net Margin
-15.79 %
EPS (Earnings Per Share)
-0.82 EUR
Net Debt / EBIT
-0.13
Debt/Equity
1.30
Last updated Oct 2, 2026, 8:48 PM

Mister Spex Peer Group

Mister Spex Ticker

DÜSSELDORF · MRX.DUFRANKFURT · MRX.FHAMBURG · MRX.HMKLS · MISC.KLLONDON · 0A9V.LMUNICH · MRX.MUXETRA · MRX.DE

Mister Spex FIGI

MRX:TH · BBG011KD90W0MRXEUR:XH · BBG011KDJ6J1MRXEUR:XF · BBG011KDJ6L8MRXEUR:XE · BBG011KDJ6N6MRXEUR:XL · BBG011KDJ6Q3MRXEUR:XG · BBG011KDJ6R2MRXEUR:XO · BBG011KDJ6S1MRXEUR:XA · BBG011KDJ6X5MRXEUR:XT · BBG011KDJ6Z3MRXEUR:XW · BBG011KDJ709MRXEUR:XU · BBG011KDJ718MRXEUR:XV · BBG011KDJ736