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MERKOBasic Materials · Other Industrial Metals & Mining · ΧΑ

Mermeren Kombinat AD Prilep

€27.40
−0.20(−0.72%)
Close 26/10/2026 · end-of-day price, not real-time

Mermeren Kombinat AD Prilep (MERKO) closed at €27.40 on 26/10/2026, -0.72% on the day. Market cap €128.4m, dividend yield 5.84%.

My view
Private · MENTOR takes it into account
−18.0%6M
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26/10/2026Close 27.40−0.72%−18.0% since start

Key statistics

Profile

At the 26 Oct close
Market value
€128.4m
Shares outstandingOct 2026
4.7m
Traded a day, 3-month average
€1.8k

Valuation

Dividend yield
5.8%

Dividends

Yield, last 12 months
5.8%

Withheld, and why

  • Every company figure · the company's figures are on its ordinary line; this line has its own price and dividend

Trading and risk

From our closes, dividends reinvested
Total return, 1 year
−18.0%
3 years, a year
−2.0%
5 years, a year
−5.1%
10 years, a year
+25.5%
Volatility, 1 year
40.3%
Beta to the General Index
0.07×
Deepest fall, 1 year / 5 years
−25.3% / −44.7%
52-week range
€26.40–€37.20

Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.

Valuation

2 companies
MetricMERKOPeer median
P/B—0.94
P/S—0.76
EV/EBITDA—23.5
Dividend yield5.8%0.0%
Gross margin—33.8%
Operating margin—−1.9%
Net margin—−8.4%
Revenue growth (last full year)—2.1%
Net debt—€25.4m
Twelve Data · latest quarter 31/12/2025

Peers: Building materials

EV/EBITDADay
Mermeren Kombinat AD PrilepMERKO—−0.7%
Iktinos HellasIKTIN28.9+1.6%
Mathios RefractoriesMATHIO18.1+0.0%

The company

AI-drafted

Mermeren extracts and processes white marble in North Macedonia, relying heavily on exports and Chinese customers. Its Athens security is a Greek depositary receipt representing one ordinary share held through Piraeus Bank. Photovoltaic and factory sales currently make small contributions.

How it makes moneyH1 2026 · basis: revenue
  • Quarry299.8%
  • Photovoltaics20.1%
  • Factory20.1%
It is
  • A marble exporter with quarrying and processing near Prilep.1,8
  • Each Greek depositary receipt represents one underlying ordinary share.3,6
It is not
  • The Athens line is neither a direct ordinary share nor Piraeus Bank equity.9,3
  • The financial figures do not cover the whole Pavlidis group.1
Recent developmentsAll company events →
  • Jul 2026Management linked weaker Chinese orders to construction weakness and Gulf-conflict effects; H1 sales fell 37.2%.2
  • Jun 2026Receipt dividend payment June 16: €1.20 net versus €1.60 gross.7
  • Apr 2026An annex expanded the stated concession territory to 2.460240 sq.km.1
  • Mar 2026The assembly re-elected Jasna Azhievska to the board.4
  • Jan 2025A 5% concession fee on sold raw-marble income and a higher area fee took effect.1
Key figures
  • Revenue €8.123m H1 20262
  • EBITDA €4.332m H1 20262
  • Net profit €2.974m H1 20262
  • Sales change -37.20% H1 20262
  • Sales to five major customers 65.68% FY20251
Key facts
  • Exports represented 98.08% of H1 2026 sales.2
  • The FY2025 report states 95.87% ultimate control. Piraeus’s registered holding represents custody of receipt-backing shares.1,3
  • The 2026 receipt notice specified €1.60 gross and €1.20 net, payable June 16.7
  • The concession is described as running to 2030 with renewal available; its stated area expanded to 2.460240 sq.km. in 2026.1
  • The local filing reports June cash of MKD164.575m. The calendar schedules a half-year financial-statements announcement for September 30, 2026.10,5
Sources
  1. 1.2026 04 27 Financial Statements and Independent Auditors Report 2025Mermeren Kombinat · 27/04/2026official
  2. 2.2026 07 31 Commentary on the Financial Results for the Period 01/01/2026 to 30/06/2026Mermeren Kombinat · 31/07/2026official
  3. 3.2026 04 27 Annual Report of the Board of Directors 2025Mermeren Kombinat · 27/04/2026official
  4. 4.2026 03 11 Summary of Decisions of the Shareholders Assembly 11 March 2026Mermeren Kombinat · 11/03/2026official
  5. 5.2026 01 30 Financial Calendar 2026Mermeren Kombinat · 30/01/2026official
  6. 6.2023 05 11 Announcement of Piraeus Bank for EL.PIS. HoldersPiraeus Bank · 11/05/2023official
  7. 7.ELPIS dividend payment notice2026Piraeus Bank · 05/06/2026official
  8. 8.Processing facilitiesMermeren Kombinatofficial
  9. 9.Current FIRDS XATH identityESMA · 20/09/2026official
  10. 10.Unaudited H1 2026 statements in MKD thousands, including English balance sheet and cash flowMermeren Kombinat via MSE · 31/07/2026official
AI-drafted from the cited sources · 24/09/2026 · v2 · ✓ checked by an independent second modelMermeren Kombinat AD PrilepWebsite ↗
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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.