MERKO Stock Overview
Mermeren Kombinat AD engages in the mining, processing, and distribution of marble and decorative stones in Macedonia and internationally.
Mermeren Kombinat AD Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||€57.50|
|52 Week High||€61.50|
|52 Week Low||€43.00|
|1 Month Change||8.49%|
|3 Month Change||17.83%|
|1 Year Change||4.55%|
|3 Year Change||6.09%|
|5 Year Change||512.35%|
|Change since IPO||919.50%|
Recent News & Updates
Estimating The Intrinsic Value Of Mermeren Kombinat AD (ATH:MERKO)
In this article we are going to estimate the intrinsic value of Mermeren Kombinat AD ( ATH:MERKO ) by taking the...
|MERKO||GR Basic Materials||GR Market|
Return vs Industry: MERKO exceeded the Greek Basic Materials industry which returned -17.8% over the past year.
Return vs Market: MERKO matched the Greek Market which returned 4.3% over the past year.
|MERKO Average Weekly Movement||7.3%|
|Basic Materials Industry Average Movement||5.8%|
|Market Average Movement||5.9%|
|10% most volatile stocks in GR Market||8.2%|
|10% least volatile stocks in GR Market||3.9%|
Stable Share Price: MERKO is more volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MERKO's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Greek stocks.
About the Company
Mermeren Kombinat AD engages in the mining, processing, and distribution of marble and decorative stones in Macedonia and internationally. The company operates five quarries located to the northeast of the city of Prilep. Its products are used in various projects, including mosques, hotels, palaces, commercial and residential buildings, villas, artworks, etc. The company was founded in 1946 and is headquartered in Prilep, North Macedonia.
Mermeren Kombinat AD Fundamentals Summary
|MERKO fundamental statistics|
Is MERKO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MERKO income statement (TTM)|
|Cost of Revenue||€8.87m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||3.16|
|Net Profit Margin||49.11%|
How did MERKO perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
Is Mermeren Kombinat AD undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MERKO (€57.5) is trading below our estimate of fair value (€90.49)
Significantly Below Fair Value: MERKO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MERKO is poor value based on its PE Ratio (18.2x) compared to the European Basic Materials industry average (11.5x).
PE vs Market: MERKO is poor value based on its PE Ratio (18.2x) compared to the Greek market (11.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MERKO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MERKO is overvalued based on its PB Ratio (6.3x) compared to the XE Basic Materials industry average (1.2x).
How is Mermeren Kombinat AD forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mermeren Kombinat AD has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Mermeren Kombinat AD performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MERKO has high quality earnings.
Growing Profit Margin: MERKO's current net profit margins (49.1%) are higher than last year (37.5%).
Past Earnings Growth Analysis
Earnings Trend: MERKO's earnings have grown by 6.7% per year over the past 5 years.
Accelerating Growth: MERKO's earnings growth over the past year (78.5%) exceeds its 5-year average (6.7% per year).
Earnings vs Industry: MERKO earnings growth over the past year (78.5%) exceeded the Basic Materials industry 51.2%.
Return on Equity
High ROE: MERKO's Return on Equity (34.4%) is considered high.
How is Mermeren Kombinat AD's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MERKO's short term assets (€28.2M) exceed its short term liabilities (€1.0M).
Long Term Liabilities: MERKO's short term assets (€28.2M) exceed its long term liabilities (€10.0).
Debt to Equity History and Analysis
Debt Level: MERKO is debt free.
Reducing Debt: MERKO has no debt compared to 5 years ago when its debt to equity ratio was 19.2%.
Debt Coverage: MERKO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MERKO has no debt, therefore coverage of interest payments is not a concern.
What is Mermeren Kombinat AD current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MERKO's dividend (3.9%) is higher than the bottom 25% of dividend payers in the Greek market (1.96%).
High Dividend: MERKO's dividend (3.9%) is low compared to the top 25% of dividend payers in the Greek market (4.68%).
Stability and Growth of Payments
Stable Dividend: MERKO's dividend payments have been volatile in the past 10 years.
Growing Dividend: MERKO's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (71%), MERKO's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (72.8%), MERKO's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Pericles Nikolaou serves as the Chief Executive Officer and Executive Director at Mermeren Kombinat AD.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mermeren Kombinat AD's employee growth, exchange listings and data sources
- Name: Mermeren Kombinat AD
- Ticker: MERKO
- Exchange: ATSE
- Founded: 1946
- Industry: Construction Materials
- Sector: Materials
- Implied Market Cap: €269.494m
- Shares outstanding: 4.69m
- Website: https://www.mermeren.com
Number of Employees
- Mermeren Kombinat AD
- Krushevski Pat b.b.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.