MKGAF
Merck KGaA
OTC Markets OTCPKUSDEQUITY
Healthcare
DELAYED
Buy
+46/100
Last price
162.95
▲ 7.50 (4.82%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
155.45
Day high
155.45
Day low
155.45
Volume
38
Market cap
$70.85B
P/E (TTM)
25.62
52W range
116.68 – 175.56
Trailing performance
Returnvs SPY
1W
-0.61%
-2.6%
1M
+2.41%
+1.3%
3M
+0.93%
-3.6%
6M
+26.15%
+8.0%
YTD
+10.40%
-3.9%
1Y
+12.96%
-3.5%
3Y
-1.84%
-84.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MKGAF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap$70.85B
Enterprise value$79.95B
Revenue (TTM)$21.13B
Gross profit$12.49B
EBITDA$5.59B
Net income$2.37B
EPS (TTM)$6.36
Free cash flow$2.63B
Total cash$3.12B
Total debt$12.30B
Book value / share$78.04
Shares outstanding129.24M
Float128.87M
Short % of float—
Dividend yield1.58%
Beta (5Y)0.79
Valuation & profitability ratios
Trailing P/E25.62
Forward P/E—
PEG ratio2.34
Price / sales—
Price / book2.09
EV / revenue3.78
EV / EBITDA14.31
Gross margin59.09%
Operating margin13.86%
Profit margin11.21%
Return on equity8.13%
Return on assets4.65%
Debt / equity40.62
Current ratio1.70
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $21.10B | $21.16B | $20.99B | $22.23B | -0.3% |
| Operating revenue | $21.10B | $21.16B | $20.99B | $22.23B | -0.3% |
| Cost of revenue | $8.76B | $8.67B | $8.60B | $8.53B | +1.0% |
| Gross profit | $12.35B | $12.48B | $12.39B | $13.71B | -1.1% |
| Research & development | $2.42B | $2.28B | $2.44B | $2.52B | +6.0% |
| Selling, general & admin | $5.49B | $5.36B | $5.33B | $5.41B | +2.5% |
| Total operating expense | $8.69B | $8.48B | $8.82B | $8.95B | +2.5% |
| Operating income | $3.66B | $4.01B | $3.57B | $4.75B | -8.8% |
| Net interest income | -$284.00M | -$139.00M | -$151.00M | -$157.00M | -104.3% |
| Pre-tax income | $3.31B | $3.54B | $3.48B | $4.29B | -6.4% |
| Tax provision | $693.00M | $751.00M | $650.00M | $948.00M | -7.7% |
| Net income | $2.61B | $2.78B | $2.82B | $3.33B | -6.1% |
| Net income to common | $2.61B | $2.78B | $2.82B | $3.33B | -6.1% |
| Basic EPS | 6.00 | 6.39 | 6.49 | 7.65 | -6.1% |
| Diluted EPS | 6.00 | 6.39 | 6.49 | 7.65 | -6.1% |
| EBIT | $3.69B | $3.83B | $3.81B | $4.52B | -3.5% |
| EBITDA | $5.99B | $5.96B | $5.68B | $6.55B | +0.5% |
| Basic shares | 434.78M | 434.78M | 434.78M | 434.78M | 0.0% |
| Diluted shares | 434.78M | 434.78M | 434.78M | 434.78M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.33B | $2.15B | $1.58B | $1.40B | +8.3% |
| Cash & short-term investments | $2.92B | $2.71B | $2.01B | $1.64B | +8.0% |
| Accounts receivable | $3.95B | $3.95B | $4.00B | $4.11B | 0.0% |
| Inventory | $4.56B | $4.48B | $4.64B | $4.63B | +1.7% |
| Total current assets | $13.23B | $13.45B | $12.39B | $12.20B | -1.6% |
| Property, plant & equipment | $9.94B | $10.03B | $9.06B | $8.20B | -0.8% |
| Goodwill & intangibles | $25.59B | $25.46B | $24.40B | $25.72B | +0.5% |
| Total assets | $51.53B | $51.60B | $48.49B | $48.53B | -0.1% |
| Total current liabilities | $9.04B | $11.29B | $8.70B | $9.51B | -19.9% |
| Current debt | $1.10B | $3.14B | $503.00M | $1.07B | -65.0% |
| Long-term debt | $10.21B | $6.37B | $8.85B | $8.83B | +60.1% |
| Total debt | $11.95B | $10.27B | $9.86B | $10.40B | +16.4% |
| Total liabilities | $22.87B | $21.61B | $21.74B | $22.53B | +5.8% |
| Retained earnings | $24.04B | $22.09B | $20.23B | $18.46B | +8.8% |
| Shareholder equity | $28.59B | $29.91B | $26.68B | $25.93B | -4.4% |
| Working capital | $4.19B | $2.15B | $3.69B | $2.69B | +94.3% |
| Net tangible assets | $3.00B | $4.46B | $2.28B | $204.00M | -32.7% |
| Shares issued | 434.78M | 434.78M | 434.78M | 434.78M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $2.62B | $2.79B | $2.83B | $3.34B | -6.1% |
| Depreciation & amortisation | $2.30B | $2.13B | $1.88B | $2.03B | +7.7% |
| Change in working capital | -$814.00M | -$310.00M | -$707.00M | -$1.08B | -162.6% |
| Operating cash flow | $3.93B | $4.59B | $3.78B | $4.26B | -14.3% |
| Capital expenditure | -$1.96B | -$2.18B | -$2.02B | -$1.81B | +10.3% |
| Investing cash flow | -$4.26B | -$3.05B | -$1.89B | -$2.74B | -39.7% |
| Dividends paid | -$284.00M | -$284.00M | -$284.00M | -$239.00M | 0.0% |
| Financing cash flow | $628.00M | -$985.00M | -$1.73B | -$1.55B | +163.8% |
| Free cash flow | $1.97B | $2.40B | $1.76B | $2.45B | -17.8% |
| End cash position | $2.74B | $2.52B | $1.98B | $1.85B | +8.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | — | $5.13B | $5.25B | $5.32B | $5.25B | $5.28B | — |
| Operating revenue | — | $5.13B | $5.25B | $5.32B | $5.25B | $5.28B | — |
| Cost of revenue | — | $2.07B | $2.29B | $2.10B | $2.23B | $2.13B | — |
| Gross profit | — | $3.06B | $2.96B | $3.21B | $3.03B | $3.15B | — |
| Research & development | — | $658.00M | $664.00M | $660.00M | $539.00M | $551.00M | — |
| Selling, general & admin | — | $1.52B | $1.09B | $1.46B | $1.48B | $1.47B | — |
| Total operating expense | — | $2.12B | $2.41B | $2.00B | $2.13B | $2.14B | — |
| Operating income | — | $943.00M | $547.00M | $1.21B | $892.00M | $1.01B | — |
| Net interest income | — | -$68.00M | -$73.00M | -$99.00M | -$62.00M | -$50.00M | — |
| Pre-tax income | — | $869.00M | $401.00M | $1.12B | $829.00M | $956.00M | — |
| Tax provision | — | $200.00M | $77.00M | $225.00M | $174.00M | $218.00M | — |
| Net income | — | $659.00M | $319.00M | $902.00M | $652.00M | $735.00M | — |
| Net income to common | — | $659.00M | $319.00M | $902.00M | $652.00M | $735.00M | — |
| Basic EPS | 1.13 | 1.52 | — | 2.07 | 1.50 | 1.69 | -25.7% |
| Diluted EPS | 1.13 | 1.52 | — | 2.07 | 1.50 | 1.69 | -25.7% |
| EBIT | — | $973.00M | $504.00M | $1.25B | $908.00M | $1.03B | — |
| EBITDA | — | $1.47B | $1.41B | $1.71B | $1.36B | $1.51B | — |
| Basic shares | 437.17M | 433.55M | — | 435.75M | 434.78M | 434.91M | +0.8% |
| Diluted shares | 437.17M | 433.55M | — | 435.75M | 434.78M | 434.91M | +0.8% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.74B | $2.33B | $2.25B | $1.17B | $1.00B | +17.8% |
| Cash & short-term investments | $3.77B | $2.92B | $2.92B | $1.57B | $1.62B | +29.0% |
| Accounts receivable | $4.32B | $3.95B | $4.22B | $4.23B | $4.34B | +9.4% |
| Inventory | $4.78B | $4.56B | $4.51B | $4.47B | $4.51B | +4.8% |
| Total current assets | $14.16B | $13.23B | $12.88B | $12.20B | $12.41B | +7.0% |
| Property, plant & equipment | $10.04B | $9.94B | $9.78B | $9.66B | $9.85B | +1.0% |
| Goodwill & intangibles | $26.05B | $25.59B | $25.63B | $22.93B | $24.56B | +1.8% |
| Total assets | $53.07B | $51.53B | $50.93B | $47.35B | $49.37B | +3.0% |
| Total current liabilities | $9.35B | $9.04B | $8.64B | $9.86B | $9.50B | +3.4% |
| Current debt | — | $1.10B | — | — | — | — |
| Long-term debt | — | $10.21B | — | — | — | — |
| Total debt | $12.04B | $11.95B | $12.10B | $9.40B | $8.70B | +0.7% |
| Total liabilities | $23.25B | $22.87B | $21.93B | $19.02B | $19.48B | +1.7% |
| Retained earnings | $24.69B | $24.04B | $24.20B | $23.34B | $22.98B | +2.7% |
| Shareholder equity | $29.74B | $28.59B | $28.94B | $28.26B | $29.82B | +4.0% |
| Working capital | $4.81B | $4.19B | $4.24B | $2.34B | $2.91B | +14.9% |
| Net tangible assets | $3.70B | $3.00B | $3.30B | $5.33B | $5.27B | +23.3% |
| Shares issued | 434.78M | 434.78M | 434.78M | 434.78M | 434.78M | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $669.00M | $324.00M | $898.00M | $655.00M | $738.00M | +106.5% |
| Depreciation & amortisation | $497.00M | $910.00M | $458.00M | $457.00M | $473.00M | -45.4% |
| Change in working capital | -$309.00M | $62.00M | $332.00M | -$543.00M | -$666.00M | -598.4% |
| Operating cash flow | $818.00M | $1.29B | $1.52B | $567.00M | $556.00M | -36.6% |
| Capital expenditure | -$546.00M | -$528.00M | -$461.00M | -$444.00M | -$524.00M | -3.4% |
| Investing cash flow | -$755.00M | -$583.00M | -$3.12B | -$143.00M | -$419.00M | -29.5% |
| Dividends paid | -$14.00M | $0 | — | -$284.00M | -$46.00M | — |
| Financing cash flow | -$62.00M | -$210.00M | $2.70B | -$257.00M | -$1.61B | +70.5% |
| Free cash flow | $272.00M | $763.00M | $1.06B | $123.00M | $32.00M | -64.4% |
| End cash position | $2.74B | $2.74B | $2.25B | $1.17B | $1.00B | +0.1% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $5.37B | +0.9% |
| Next quarter | — | — | $5.40B | +2.8% |
| Current year | — | — | $21.48B | +1.8% |
| Next year | — | — | $22.64B | +5.4% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.00%
Held by institutions57.82%
Institutions holding481
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
157.69
+3.33% from price
SMA 20
155.62
+4.71% from price
SMA 50
160.72
+1.38% from price
SMA 100
158.97
+2.50% from price
SMA 200
149.72
+8.84% from price
EMA 12
157.47
+3.48% from price
EMA 26
157.75
+3.30% from price
EMA 50
158.35
+2.91% from price
RSI (14)
54.9
Neutral
MACD (12,26,9)
-0.28
Hist 0.76
ATR (14)
9.93
6.09% of price
Realised vol 30D
50.5%
Annualised
Bollinger upper
164.54
20, 2σ
Bollinger lower
146.69
20, 2σ
50 / 200 cross
Golden
160.72 vs 149.72
Trend bias
Above 200
+8.84%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.38
Less volatile than market
Correlation to SPY
0.10
Largely independent
Realised vol 30D
50.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-24.3%
Peak to trough
Max drawdown 5Y
-54.1%
Peak to trough
ATR 14
9.93
6.09% of price
Beta (reported)
0.79
5Y monthly, from filing
Dividends & splits
Forward rate$2.58 / yr
Forward yield1.58%
5-year avg yield1.30%
Payout ratio40.37%
Ex-dividend dateApr 27, 2026
Next pay dateMay 4, 2017
Last split2:1
Split dateJun 30, 2014
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.