AS Merko Ehitus
AS Merko Ehitus, through its subsidiaries, engages in the construction and real estate development activities in the Republic of Estonia, Latvia, Lithuania, and Norway. It operates through Construction Service and Real Estate Development segments. The company constructs various buildings that includes commercial and office buildings, retail and entertainment centers, hotels, and spas, as well as … Read more
AS Merko Ehitus (MKS) - Net Assets
Latest net assets as of September 2025: €257.30 Million EUR
Based on the latest financial reports, AS Merko Ehitus (MKS) has net assets worth €257.30 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€399.63 Million) and total liabilities (€142.32 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 | €257.30 Million |
| % of Total Assets | 64.39% |
| Annual Growth Rate | 6.82% |
| 5-Year Change | 61.5% |
| 10-Year Change | 97.15% |
| Growth Volatility | 7.45 |
AS Merko Ehitus - Net Assets Trend (2013–2024)
This chart illustrates how AS Merko Ehitus's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AS Merko Ehitus (2013–2024)
The table below shows the annual net assets of AS Merko Ehitus from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €254.26 Million | +19.99% |
| 2023-12-31 | €211.90 Million | +15.36% |
| 2022-12-31 | €183.69 Million | +9.99% |
| 2021-12-31 | €167.01 Million | +6.08% |
| 2020-12-31 | €157.44 Million | +17.00% |
| 2019-12-31 | €134.56 Million | -1.30% |
| 2018-12-31 | €136.33 Million | +1.19% |
| 2017-12-31 | €134.74 Million | +6.53% |
| 2016-12-31 | €126.48 Million | -1.93% |
| 2015-12-31 | €128.97 Million | -1.91% |
| 2014-12-31 | €131.48 Million | +6.85% |
| 2013-12-31 | €123.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AS Merko Ehitus'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 122.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €245.58 Million | 96.59% |
| Other Components | €8.68 Million | 3.41% |
| Total Equity | €254.26 Million | 100.00% |
AS Merko Ehitus Competitors by Market Cap
The table below lists competitors of AS Merko Ehitus ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACME UTD CORP. DL 250
F:UT1
|
$120.42 Million |
|
Empire Energy Group Limited
PINK:EEGUF
|
$120.45 Million |
|
Caisse Reg Cred Agric Mut Tourain Poitou
PA:CRTO
|
$120.47 Million |
|
Tetamat Gida Yatirimlari AS
IS:TETMT
|
$120.51 Million |
|
JWD INFOLOGISTICS
BK:SJWD-R
|
$120.36 Million |
|
Celon Pharma SA
WAR:CLN
|
$120.35 Million |
|
Shanghai Kaytune Industrial Co.Ltd
SHE:301001
|
$120.34 Million |
|
Meter Instruments Co. Ltd
SHE:301006
|
$120.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AS Merko Ehitus's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 212,055,000 to 254,258,000, a change of 42,203,000 (19.9%).
- Net income of 64,668,000 contributed positively to equity growth.
- Dividend payments of 22,940,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €64.67 Million | +25.43% |
| Dividends Paid | €22.94 Million | -9.02% |
| Other Changes | €475.00K | +0.19% |
| Total Change | €- | 19.90% |
Book Value vs Market Value Analysis
This analysis compares AS Merko Ehitus'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: 1.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.81x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €7.35 | €28.05 | x |
| 2018-12-31 | €7.44 | €28.05 | x |
| 2019-12-31 | €7.36 | €28.05 | x |
| 2020-12-31 | €8.66 | €28.05 | x |
| 2021-12-31 | €9.45 | €28.05 | x |
| 2022-12-31 | €10.41 | €28.05 | x |
| 2023-12-31 | €11.98 | €28.05 | x |
| 2024-12-31 | €14.36 | €28.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AS Merko Ehitus 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): 25.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.00%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.76x
- Recent ROE (25.43%) is above the historical average (14.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.53% | 3.96% | 1.10x | 1.96x | €-1.79 Million |
| 2014 | 9.78% | 4.92% | 1.01x | 1.96x | €-285.70K |
| 2015 | 7.96% | 3.98% | 1.19x | 1.68x | €-2.57 Million |
| 2016 | 4.99% | 2.43% | 1.06x | 1.94x | €-6.16 Million |
| 2017 | 11.29% | 4.63% | 1.15x | 2.13x | €1.68 Million |
| 2018 | 14.68% | 4.63% | 1.55x | 2.05x | €6.17 Million |
| 2019 | 12.48% | 4.98% | 1.16x | 2.16x | €3.24 Million |
| 2020 | 15.01% | 7.28% | 1.23x | 1.68x | €7.67 Million |
| 2021 | 17.42% | 8.59% | 1.05x | 1.94x | €12.42 Million |
| 2022 | 18.81% | 8.46% | 1.06x | 2.10x | €16.22 Million |
| 2023 | 21.72% | 9.88% | 1.10x | 2.01x | €24.84 Million |
| 2024 | 25.43% | 12.00% | 1.21x | 1.76x | €39.24 Million |
Industry Comparison
This section compares AS Merko Ehitus's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $69,564,602,508
- Average return on equity (ROE) among peers: 3.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AS Merko Ehitus (MKS) | €257.30 Million | 8.53% | 0.55x | $120.37 Million |
| ARTHA RESOURCES (16T) | $43.60 Million | 10.03% | 2.01x | $62.19 Million |
| Wee Hur Holdings Ltd (3YM) | $610.37 Million | 0.11% | 1.24x | $159.84 Million |
| China Aluminum International Engineering Corporation Limited (4AI) | $15.64 Billion | -12.64% | 2.49x | $133.20 Million |
| Rai Way S.p.A (4RW) | $188.69 Million | 45.96% | 1.49x | $565.61 Million |
| PT Wijaya Karya (Persero) Tbk (5AA) | $37.29 Billion | 15.09% | 14.30x | $25.67 Million |
| Metallurgical Corporation of China Ltd (6MT) | $97.32 Billion | 6.23% | 3.26x | $1.81 Billion |
| Greening Group Global S.A. (70I) | $19.46 Million | -65.62% | 7.53x | $35.04K |
| Train Alliance Sweden AB (publ) (7EF) | $1.32 Billion | 1.47% | 0.19x | $36.20 Million |
| Monadelphous Group Ltd (8MP) | $368.10 Million | 28.75% | 1.16x | $1.60 Billion |
| INFRONEER Holdings Inc. (96L) | $542.85 Billion | 5.97% | 1.67x | $2.38 Billion |