Makstil AD (XMAE:STIL) Scaled Net Operating Assets: N/A (As of Dec. 2025)

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XMAE:STIL Makstil AD XMAE:STIL
73 GF Score
Price MKD119.00
GF Value MKD108.05
Valuation Fairly Valued
! 4 Warning Signs
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What is Makstil AD Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Makstil AD's operating assets for the quarter that ended in Dec. 2025 was MKD9,645 Mil. Makstil AD's operating liabilities for the quarter that ended in Dec. 2025 was MKD2,661 Mil. Makstil AD's Total Assets for the quarter that ended in Mar. 2025 was MKD0 Mil. Therefore, Makstil AD's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was N/A.

Makstil AD Scaled Net Operating Assets Historical Data

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The historical data trend for Makstil AD's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Makstil AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.68 0.66 0.73 0.80

Makstil AD Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Dec25
Scaled Net Operating Assets 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 0.00 0.00 0.00

XMAE:STIL vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Makstil AD's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Makstil AD Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Makstil AD's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Makstil AD's Scaled Net Operating Assets falls into.


XMAE:STIL
73GF Score
Makstil AD XMAE:STIL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Makstil AD Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Makstil AD's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(9645.081-2660.904)/8715.773
=0.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9680.39 - 35.309
=9645.081

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5391.698 - 765.179 - 1965.615
=2660.904

Makstil AD's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Mar. 2025 )
=(9645.081-2660.904)/0
=N/A

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9680.39 - 35.309
=9645.081

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5391.698 - 765.179 - 1965.615
=2660.904

* 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.

Is Makstil AD (XMAE:STIL) Overvalued in 2026?

Based on GuruFocus' analysis, Makstil AD stock appears to be overvalued. The current stock price of MKD119.00 is trading 10.1% above its estimated GF Value™ of MKD108.05. GuruFocus considers Makstil AD to be Fairly Valued.

Key valuation signals for XMAE:STIL:

  • Scaled Net Operating Assets: N/A
  • GF Value™: MKD108.05 vs. price of MKD119.00 (10.1% above fair value)
  • GF Score™: 73/100 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.
73GF Score

Get the complete analysis for XMAE:STIL

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MKD119.00
Price
MKD108.05
GF Value