AS Merko Ehitus/€MRK1T
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About AS Merko Ehitus
- Ticker
- €MRK1T
- Sector
- Industrials
- Primary listing
- XTAL
- Employees
- 635
- Headquarters
- Tallinn, Estonia
- Website
- group.merko.ee
AS Merko Ehitus Metrics
BasicAdvanced
€478M
15.37
€1.76
0.15
€1.25
4.63%
Price and volume
Market cap
€478M
Beta
0.15
52-week high
€33.10
52-week low
€26.30
Average daily volume
2K
Dividend rate
€1.25
Financial strength
Current ratio
3.046
Quick ratio
0.911
Long term debt to equity
0.244
Total debt to equity
0.275
Dividend payout ratio (TTM)
71.18%
Interest coverage (TTM)
27.47%
Profitability
EBITDA (TTM)
24.354
Gross margin (TTM)
15.08%
Net profit margin (TTM)
10.61%
Operating margin (TTM)
7.50%
Effective tax rate (TTM)
2.99%
Revenue per employee (TTM)
€460,000
Management effectiveness
Return on assets (TTM)
3.26%
Return on equity (TTM)
12.60%
Valuation
Price to earnings (TTM)
15.374
Price to revenue (TTM)
1.631
Price to book
1.9
Price to tangible book (TTM)
1.91
Price to free cash flow (TTM)
-15.99
Free cash flow yield (TTM)
-6.25%
Free cash flow per share (TTM)
-1.689
Dividend yield (TTM)
4.63%
Forward dividend yield
4.63%
Growth
Revenue change (TTM)
-41.80%
Earnings per share change (TTM)
-54.86%
3-year revenue growth (CAGR)
-14.63%
10-year revenue growth (CAGR)
2.00%
3-year earnings per share growth (CAGR)
-12.80%
10-year earnings per share growth (CAGR)
12.70%
3-year dividend per share growth (CAGR)
7.72%
10-year dividend per share growth (CAGR)
9.38%
Bulls say / Bears say
Merko’s secured order book reached a record €836m at June 2026, nearly double a year earlier, and the €373m Rūdninkai campus contract moved into full-scale construction in July. That gives the group a substantial revenue runway as the project ramps up. (Inderes, GlobeNewswire)
Q2 momentum improved: revenue rose 12% year on year as major projects moved into active construction, and apartment handovers more than doubled from Q1. If sustained, this offers a near-term route to recover from the weak first quarter. (Inderes)
Merko expected more than 800 apartment completions in 2026, with over 40% of homes under construction already pre-sold; it also launched construction and sales of 204 apartments in the first half. That pipeline and presales provide some visibility for future residential-development revenue. (GlobeNewswire, Inderes)
First-half revenue fell 10.7% to €150m and net profit dropped to €12.8m from €21.7m, while the pre-tax margin halved to 7.2% from 14.0%. The record backlog has yet to prevent a material earnings slowdown. (Inderes)
Management said construction-input price rises had materialised and saw no clear sign of easing; it also flagged added exposure on long-term contracts without indexation. Further cost shocks could squeeze margins before those projects are completed. (Inderes, GlobeNewswire)
Merko says private clients remain cautious and the market is driven mainly by public defence and infrastructure tenders; it warns that its large projects make results more volatile. Delays or weaker economics on a few major jobs could therefore have a material effect on group earnings. (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2026.
AS Merko Ehitus Financial Performance
Revenues and expenses
AS Merko Ehitus Earnings Performance
Company profitability
Upcoming events
No upcoming events
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Market data provided by Nasdaq Baltic.