Makstil AD (XMAE:STIL) Construction In Progress: MKD786 Mil (As of Dec. 2025)

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XMAE:STIL Makstil AD XMAE:STIL
77 GF Score
Price MKD118.00
GF Value MKD107.51
Valuation Fairly Valued
! 4 Warning Signs
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What is Makstil AD Construction In Progress?

Makstil AD XMAE:STIL +1.72% 77 Construction In Progress is MKD786 Mil as of Dec. 2025. GuruFocus rates XMAE:STIL with a GF Score™ of 77/100 and a GF Value™ of MKD107.51 (Fairly Valued). The stock has 4 warning signs investors should review.

Makstil AD's quarterly construction in progress declined from Dec. 2024 (MKD65 Mil) to Mar. 2025 (MKD0 Mil) but then increased from Mar. 2025 (MKD0 Mil) to Dec. 2025 (MKD786 Mil).

Makstil AD's annual construction in progress declined from Dec. 2023 (MKD134 Mil) to Dec. 2024 (MKD65 Mil) but then increased from Dec. 2024 (MKD65 Mil) to Dec. 2025 (MKD786 Mil).

Makstil AD Construction In Progress Historical Data

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The historical data trend for Makstil 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.

Makstil AD Construction In Progress Chart

Makstil 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 0.00 25.84 134.47 64.54 785.50

Makstil AD Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.00 0.00 64.54 0.00 785.50
XMAE:STIL
77GF Score
Makstil AD XMAE:STIL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Makstil 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 MKD786 Mil mean?
Makstil AD (XMAE:STIL) has a Construction In Progress of MKD786 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Makstil AD and its competitors.
Is Makstil AD's Construction In Progress too high?
Makstil AD's current Construction In Progress is MKD786 Mil. Overall, Makstil AD has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Makstil AD's Construction In Progress compare to NUE and STLD?
Makstil AD's Construction In Progress of MKD786 Mil can be compared against companies in the Steel 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 a Steel company?
A good Construction In Progress depends on the Steel 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 Makstil AD and its competitors. Makstil AD's current Construction In Progress is MKD786 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makstil AD stock overvalued right now?
Based on GuruFocus' analysis, Makstil AD (XMAE:STIL) is currently considered Fairly Valued. The stock's GF Value™ is MKD107.51, compared to a current price of MKD118.00 — trading 9.8% above its estimated fair value. The current Construction In Progress is MKD786 Mil. Makstil AD's overall GF Score™ is 77/100 with 4 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 Makstil AD (XMAE:STIL), the current Construction In Progress is MKD786 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 Makstil AD (XMAE:STIL) Overvalued in 2026?

Based on GuruFocus' analysis, Makstil AD stock appears to be overvalued. The current stock price of MKD118.00 is trading 9.8% above its estimated GF Value™ of MKD107.51. GuruFocus considers Makstil AD to be Fairly Valued.

Key valuation signals for XMAE:STIL:

  • Construction In Progress: MKD786 Mil
  • GF Value™: MKD107.51 vs. price of MKD118.00 (9.8% above fair value)
  • GF Score™: 77/100 with 4 warning signs

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

Makstil AD Business Description

Address 16 Makedonska brigada, 18, Skopje, MKD, 1000
Makstil AD is a producer of hot-rolled heavy plates in the Balkan region. The company produces flat-rolled products such as hot rolled plates, hot rolled coils, cold rolled strips and sheets, galvanized strips and sheets and pre-painted coated strips.
77GF Score

Get the complete analysis for XMAE:STIL

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

MKD118.00
Price
MKD107.51
GF Value