Mermeren Kombinat AD
Mermeren Kombinat AD engages in mining, processing, and distribution of marble and decorative stones in North Macedonia, China, Greece, Balkan region, and internationally. It operates through Quarry and Factory segments. The company operates quarries located to the northeast of the city of Prilep. Its products are used in various projects, including mosques, hotels, palaces, commercial and reside… Read more
Mermeren Kombinat AD (MERKO) - Net Assets
Latest net assets as of December 2024: €2.30 Billion EUR
Based on the latest financial reports, Mermeren Kombinat AD (MERKO) has net assets worth €2.30 Billion EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.43 Billion) and total liabilities (€132.53 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.30 Billion |
| % of Total Assets | 94.54% |
| Annual Growth Rate | 62.53% |
| 5-Year Change | 5843.07% |
| 10-Year Change | 12647.67% |
| Growth Volatility | 1571.74 |
Mermeren Kombinat AD - Net Assets Trend (2014–2024)
This chart illustrates how Mermeren Kombinat AD's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mermeren Kombinat AD (2014–2024)
The table below shows the annual net assets of Mermeren Kombinat AD from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.30 Billion | +4.69% |
| 2023-12-31 | €2.19 Billion | +5251.19% |
| 2022-12-31 | €40.98 Million | -4.68% |
| 2021-12-31 | €42.99 Million | +11.29% |
| 2020-12-31 | €38.62 Million | +0.37% |
| 2019-12-31 | €38.48 Million | -6.53% |
| 2018-12-31 | €41.17 Million | +89.11% |
| 2017-12-31 | €21.77 Million | +13.02% |
| 2016-12-31 | €19.26 Million | +6.97% |
| 2015-12-31 | €18.01 Million | +0.98% |
| 2014-12-31 | €17.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mermeren Kombinat AD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14955.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.14 Billion | 49.66% |
| Other Components | €1.16 Billion | 50.34% |
| Total Equity | €2.30 Billion | 100.00% |
Mermeren Kombinat AD Competitors by Market Cap
The table below lists competitors of Mermeren Kombinat AD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Spacenet Enterprises India Limited
NSE:SPCENET
|
$18.32 Million |
|
Pyxis Tankers Inc
NASDAQ:PXS
|
$18.32 Million |
|
Smr Utama Tbk
JK:SMRU
|
$18.32 Million |
|
J.D Development Co., LTD
TWO:4402
|
$18.33 Million |
|
Herige SA
PA:ALHRG
|
$18.31 Million |
|
HERIGE S.A. IN.EO 150
F:8YW
|
$18.31 Million |
|
Ritco Logistics Limited
NSE:RITCO
|
$18.31 Million |
|
Teamphon Energy Co., Ltd.
TWO:3073
|
$18.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mermeren Kombinat AD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,192,664,000 to 2,295,502,000, a change of 102,838,000 (4.7%).
- Net income of 913,779,000 contributed positively to equity growth.
- Dividend payments of 806,916,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €913.78 Million | +39.81% |
| Dividends Paid | €806.92 Million | -35.15% |
| Other Changes | €-4.03 Million | -0.18% |
| Total Change | €- | 4.69% |
Book Value vs Market Value Analysis
This analysis compares Mermeren Kombinat AD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.07x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.03x to 0.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €8.78 | €35.40 | x |
| 2019-12-31 | €8.21 | €35.40 | x |
| 2020-12-31 | €8.24 | €35.40 | x |
| 2021-12-31 | €9.17 | €35.40 | x |
| 2022-12-31 | €8.74 | €35.40 | x |
| 2023-12-31 | €467.83 | €35.40 | x |
| 2024-12-31 | €489.77 | €35.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mermeren Kombinat AD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 39.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.91%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.06x
- Recent ROE (39.81%) is above the historical average (37.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 38.41% | 35.98% | 0.79x | 1.36x | €5.07 Million |
| 2015 | 27.14% | 29.96% | 0.69x | 1.31x | €3.09 Million |
| 2016 | 18.00% | 20.83% | 0.67x | 1.28x | €1.54 Million |
| 2017 | 48.72% | 40.57% | 1.00x | 1.20x | €8.43 Million |
| 2018 | 55.42% | 57.13% | 0.89x | 1.09x | €18.70 Million |
| 2019 | 52.29% | 55.68% | 0.87x | 1.08x | €16.28 Million |
| 2020 | 21.47% | 37.46% | 0.54x | 1.06x | €4.43 Million |
| 2021 | 34.42% | 49.11% | 0.68x | 1.02x | €10.50 Million |
| 2022 | 34.04% | 45.92% | 0.72x | 1.03x | €9.85 Million |
| 2023 | 38.46% | 46.81% | 0.79x | 1.04x | €623.97 Million |
| 2024 | 39.81% | 46.91% | 0.80x | 1.06x | €684.23 Million |
Industry Comparison
This section compares Mermeren Kombinat AD's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
No peer company data available for comparison.