Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Musti Group Oyj is a leading Nordic pet care specialist operating an omnichannel retail model across Finland, Sweden, Norway, the Baltics, and Portugal. Founded in 1988 and headquartered in Helsinki, Finland, the company offers a curated selection of pet foods, accessories, supplies, and services tailored to dogs, cats, birds, small animals, and fish. Its product range includes dry and wet foods, collars, toys, beds, grooming tools, clothing, care products, and aquarium essentials. Musti Group Oyj provides complementary services such as veterinary care, grooming, trimming, pet spa treatments, and training through over 415 physical stores and robust online platforms, with more than 20% of net sales from digital channels. Brands like Musti ja Mirri, Arken Zoo, Djurmagazinet, Vetzoo, Peten Koiratarvike, and Animail serve over 1.9 million customers, many enrolled in its loyalty club. As a subsidiary of Sonae, SGPS, S.A. since March 2024, it employs around 2,000 people and plays a key role in the consumer discretionary sector by enhancing pet wellbeing and fostering strong customer relationships in the growing pet care market.
€14.80
+€0.10 (+0.68%)
EOD Jul 2, 2026
Operating margin is thin at 1.30%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 16.1%, still solid.
Net debt of €207M represents 4.6x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€528M
▲ +16.1% YoY
Net Income (TTM)
-€4M
▼ -201.5% YoY
Op. Margin
1.06%
▼ -1.4pp YoY
ROIC
1.42%
▼ -1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€36M
▲ +79.8% YoY
Op. Cash Flow (TTM)
€59M
▲ +69.1% YoY
Net Debt
€207M
Cash & Equiv.
€16M
3Y CAGR: +9.2%
3Y CAGR: +12.0%
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Musti Group Oyj (MUSTI.XHEL) trades above a two-stage DCF intrinsic value of about €12.28 per share, so at €14.80 the stock looks overvalued (17.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Musti Group Oyj scores 38/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €12.28 per share for MUSTI.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €9.21. At today's €14.80, that puts the stock about 17.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Musti Group Oyj scores 38 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 1.1% operating margin and a 1.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. MUSTI.XHEL currently trades above its estimated intrinsic value and scores 38/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.