M+S Hidravlik AD (XBUL:MSH) Construction In Progress: €12.45 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:MSH M+S Hidravlik AD XBUL:MSH
69 GF Score
Price €5.40
GF Value €7.24
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is M+S Hidravlik AD Construction In Progress?

M+S Hidravlik AD XBUL:MSH 69 Construction In Progress is €12.45 Mil as of Dec. 2025. GuruFocus rates XBUL:MSH with a GF Score™ of 69/100 and a GF Value™ of €7.24 (Modestly Undervalued). The stock has 7 warning signs investors should review.

M+S Hidravlik AD's quarterly construction in progress stayed the same from Jun. 2025 (€0.00 Mil) to Sep. 2025 (€0.00 Mil) but then increased from Sep. 2025 (€0.00 Mil) to Dec. 2025 (€12.45 Mil).

M+S Hidravlik AD's annual construction in progress increased from Dec. 2023 (€1.58 Mil) to Dec. 2024 (€3.37 Mil) and increased from Dec. 2024 (€3.37 Mil) to Dec. 2025 (€12.45 Mil).

M+S Hidravlik AD Construction In Progress Historical Data

* Premium members only.

The historical data trend for M+S Hidravlik AD's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

M+S Hidravlik AD Construction In Progress Chart

M+S Hidravlik AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.68 1.58 3.37 12.45

M+S Hidravlik AD Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.37 0.00 0.00 0.00 12.45
XBUL:MSH
69GF Score
M+S Hidravlik AD XBUL:MSH
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M+S Hidravlik AD Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €12.45 Mil mean?
M+S Hidravlik AD (XBUL:MSH) has a Construction In Progress of €12.45 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on M+S Hidravlik AD and its competitors.
Is M+S Hidravlik AD's Construction In Progress too high?
M+S Hidravlik AD's current Construction In Progress is €12.45 Mil. Overall, M+S Hidravlik AD has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M+S Hidravlik AD's Construction In Progress compare to GEV and ETN?
M+S Hidravlik AD's Construction In Progress of €12.45 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on M+S Hidravlik AD and its competitors. M+S Hidravlik AD's current Construction In Progress is €12.45 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M+S Hidravlik AD stock overvalued right now?
Based on GuruFocus' analysis, M+S Hidravlik AD (XBUL:MSH) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.24, compared to a current price of €5.40 — trading 25.4% below its estimated fair value. The current Construction In Progress is €12.45 Mil. M+S Hidravlik AD's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For M+S Hidravlik AD (XBUL:MSH), the current Construction In Progress is €12.45 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is M+S Hidravlik AD (XBUL:MSH) Overvalued in 2026?

Based on GuruFocus' analysis, M+S Hidravlik AD stock appears to be undervalued. The current stock price of €5.40 is trading 25.4% below its estimated GF Value™ of €7.24. GuruFocus considers M+S Hidravlik AD to be Modestly Undervalued.

Key valuation signals for XBUL:MSH:

  • Construction In Progress: €12.45 Mil
  • GF Value™: €7.24 vs. price of €5.40 (25.4% below fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the XBUL:MSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

M+S Hidravlik AD Business Description

Address 68, Kozloduy Street, Kazanlak, BGR, 6100
M+S Hidravlik AD is a Bulgaria-based company that is principally engaged in the industrial equipment industry. It distributes and repairs hydraulic motors, steering units, valves, brakes, and accessories. The company's product range includes hydraulic motors, hydraulic disc brakes, crossover, switch and relief valves for hydraulic motors, as well as hydrostatic steering units and accessories for steering units.
69GF Score

Get the complete analysis for XBUL:MSH

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.40
Price
€7.24
GF Value