AS Merko Ehitus (MKS) - Net Assets
Based on the latest financial reports, AS Merko Ehitus (MKS) has net assets worth €264.74 Million EUR (≈ $309.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€425.24 Million ≈ $497.15 Million USD) and total liabilities (€160.49 Million ≈ $187.63 Million USD). 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. Check tangible equity quality of AS Merko Ehitus to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €264.74 Million |
| % of Total Assets | 62.26% |
| Annual Growth Rate | 6.45% |
| 5-Year Change | 56.02% |
| 10-Year Change | 106.01% |
| Growth Volatility | 7.24 |
AS Merko Ehitus - Net Assets Trend (2013–2025)
This chart illustrates how AS Merko Ehitus's net assets have evolved over time, based on quarterly financial data. See AS Merko Ehitus (MKS) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for AS Merko Ehitus (2013–2025)
The table below shows the annual net assets of AS Merko Ehitus from 2013 to 2025. For live valuation and market cap data, see MKS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €260.57 Million ≈ $304.63 Million |
+2.48% |
| 2024-12-31 | €254.26 Million ≈ $297.25 Million |
+19.99% |
| 2023-12-31 | €211.90 Million ≈ $247.73 Million |
+15.36% |
| 2022-12-31 | €183.69 Million ≈ $214.76 Million |
+9.99% |
| 2021-12-31 | €167.01 Million ≈ $195.25 Million |
+6.08% |
| 2020-12-31 | €157.44 Million ≈ $184.06 Million |
+17.00% |
| 2019-12-31 | €134.56 Million ≈ $157.31 Million |
-1.30% |
| 2018-12-31 | €136.33 Million ≈ $159.39 Million |
+1.19% |
| 2017-12-31 | €134.74 Million ≈ $157.52 Million |
+6.53% |
| 2016-12-31 | €126.48 Million ≈ $147.87 Million |
-1.93% |
| 2015-12-31 | €128.97 Million ≈ $150.77 Million |
-1.91% |
| 2014-12-31 | €131.48 Million ≈ $153.72 Million |
+6.85% |
| 2013-12-31 | €123.06 Million ≈ $143.87 Million |
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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 127.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €251.87 Million | 96.66% |
| Other Components | €8.70 Million | 3.34% |
| Total Equity | €260.57 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 |
|---|---|
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$519.59 Million |
|
Anhui Zhonghuan Environmental Protection Technology Co Ltd
SHE:300692
|
$519.79 Million |
|
Genbyte Technology Inc
SHE:003028
|
$519.87 Million |
|
Nouveau Monde Graphite Inc
NYSE:NMG
|
$520.00 Million |
|
Shandong Chenming Paper Holdings Ltd
SHE:000488
|
$519.49 Million |
|
Empresa Distribuidora y Comercializadora Norte SA ADR
NYSE:EDN
|
$519.48 Million |
|
Ningbo Bird Co Ltd
SHG:600130
|
$519.11 Million |
|
Shang Gong Group Co Ltd A
SHG:600843
|
$519.09 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 2024 to 2025, total equity changed from 254,258,000 to 260,566,000, a change of 6,308,000 (2.5%).
- Net income of 39,918,000 contributed positively to equity growth.
- Dividend payments of 33,630,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €39.92 Million | +15.32% |
| Dividends Paid | €33.63 Million | -12.91% |
| Other Changes | €20.00K | +0.01% |
| Total Change | €- | 2.48% |
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: 1.84x
- 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 3.68x to 1.84x 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 | €27.05 | x |
| 2018-12-31 | €7.44 | €27.05 | x |
| 2019-12-31 | €7.36 | €27.05 | x |
| 2020-12-31 | €8.66 | €27.05 | x |
| 2021-12-31 | €9.45 | €27.05 | x |
| 2022-12-31 | €10.41 | €27.05 | x |
| 2023-12-31 | €11.98 | €27.05 | x |
| 2024-12-31 | €14.36 | €27.05 | x |
| 2025-12-31 | €14.72 | €27.05 | 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): 15.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.84%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.59x
- Recent ROE (15.32%) is above the historical average (14.11%), 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 |
| 2025 | 15.32% | 12.84% | 0.75x | 1.59x | €13.86 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: $35,534,055,667
- Average return on equity (ROE) among peers: 3.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AS Merko Ehitus (MKS) | €264.74 Million | 8.53% | 0.61x | $519.50 Million |
| SOLWERS OYJ EO 1 (0ST) | $41.22 Million | -2.32% | 1.37x | $20.51 Million |
| SINOPEC Engineering (Group) Co. Ltd (1NS) | $20.98 Billion | 17.43% | 1.26x | $894.11 Million |
| China Aluminum International Engineering Corporation Limited (4AI) | $8.85 Billion | 2.50% | 3.65x | $100.88 Million |
| China Railway Construction Corporation Limited (4FF) | $128.82 Billion | 9.82% | 4.40x | $1.55 Billion |
| Metallurgical Corporation of China Ltd (6MT) | $151.39 Billion | 5.53% | 2.59x | $473.27 Million |
| TEKMAR GROUP PLC LS-01 (6UA) | $28.16 Million | -22.77% | 0.81x | $17.86 Million |
| Monadelphous Group Ltd (8MP) | $396.13 Million | 18.04% | 0.74x | $1.82 Billion |
| OPERAD.D.SIT.MEX.A1 -01 (98Y) | $44.73 Billion | 0.95% | 1.34x | $2.22 Billion |
| ENERSIDE ENERGY EO -01 (9O8) | $8.20 Million | -3.54% | 1.32x | $26.63 Million |
| ABO Wind AG (AB9) | $103.58 Million | 11.01% | 1.34x | $42.15 Million |
About 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