Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. More Details
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Adequate balance sheet and fair value.
Share Price & News
How has Melcor Developments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRD is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MRD's weekly volatility (7%) has been stable over the past year.
7 Day Return
CA Real Estate
1 Year Return
CA Real Estate
Return vs Industry: MRD underperformed the Canadian Real Estate industry which returned 5.1% over the past year.
Return vs Market: MRD underperformed the Canadian Market which returned 1.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Melcor Developments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Melcor Developments (TSE:MRD) Using Too Much Debt?
4 weeks ago | Simply Wall StCould The Melcor Developments Ltd. (TSE:MRD) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StMelcor Developments Ltd. (TSE:MRD) Goes Ex-Dividend Soon
Is Melcor Developments undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MRD (CA$10.43) is trading above our estimate of fair value (CA$3.88)
Significantly Below Fair Value: MRD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MRD is good value based on its PE Ratio (12.1x) compared to the CA Real Estate industry average (22.4x).
PE vs Market: MRD is good value based on its PE Ratio (12.1x) compared to the Canadian market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRD is good value based on its PB Ratio (0.3x) compared to the CA Real Estate industry average (0.8x).
How is Melcor Developments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Melcor Developments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Melcor Developments is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Melcor Developments competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Melcor Developments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRD has a large one-off loss of CA$58.6M impacting its September 30 2020 financial results.
Growing Profit Margin: MRD's current net profit margins (12.7%) are lower than last year (22.9%).
Past Earnings Growth Analysis
Earnings Trend: MRD's earnings have declined by 2.8% per year over the past 5 years.
Accelerating Growth: MRD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRD had negative earnings growth (-50.1%) over the past year, making it difficult to compare to the Real Estate industry average (-25.8%).
Return on Equity
High ROE: MRD's Return on Equity (2.5%) is considered low.
How is Melcor Developments's financial position?
Financial Position Analysis
Short Term Liabilities: MRD's short term assets (CA$871.2M) exceed its short term liabilities (CA$112.4M).
Long Term Liabilities: MRD's short term assets (CA$871.2M) exceed its long term liabilities (CA$779.1M).
Debt to Equity History and Analysis
Debt Level: MRD's debt to equity ratio (65.4%) is considered high.
Reducing Debt: MRD's debt to equity ratio has reduced from 68.9% to 65.4% over the past 5 years.
Debt Coverage: MRD's debt is not well covered by operating cash flow (6%).
Interest Coverage: MRD's interest payments on its debt are well covered by EBIT (3.5x coverage).
What is Melcor Developments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRD's dividend (3.07%) is higher than the bottom 25% of dividend payers in the Canadian market (1.54%).
High Dividend: MRD's dividend (3.07%) is low compared to the top 25% of dividend payers in the Canadian market (5%).
Stability and Growth of Payments
Stable Dividend: MRD's dividend payments have been volatile in the past 10 years.
Growing Dividend: MRD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.9%), MRD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Darin Anthony Rayburn has been President & CEO at Melcor Real Estate Investment Trust since October 1, 2019. Mr. Rayburn has been the Chief Executive Officer and President of Melcor Developments Ltd. s...
CEO Compensation Analysis
Compensation vs Market: Darin's total compensation ($USD724.00K) is above average for companies of similar size in the Canadian market ($USD550.11K).
Compensation vs Earnings: Darin's compensation has been consistent with company performance over the past year.
|CEO & President||3.75yrs||CA$922.24k||0.15% |
|CFO & Corporate Secretary||4.42yrs||CA$515.24k||0.033% |
|Director of Corporate Communication||no data||no data||no data|
|Vice-President of New Leasing & Sales||no data||no data||no data|
|Vice-President of Recreational Properties||no data||CA$225.00k||no data|
|Vice-President of Red Deer Region||24yrs||CA$320.14k||0.22% |
|Regional Manager of USA||no data||CA$364.28k||no data|
Experienced Management: MRD's management team is considered experienced (4.4 years average tenure).
|Independent Director||14yrs||CA$40.50k||0.060% |
|Independent Director||18yrs||CA$37.50k||no data|
|Independent Director||45yrs||CA$39.00k||4.26% |
|Independent Director||12yrs||CA$52.50k||0.033% |
|Independent Lead Director||6.83yrs||CA$55.00k||0.0091% |
Experienced Board: MRD's board of directors are seasoned and experienced ( 13 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MRD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Melcor Developments Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Melcor Developments Ltd.
- Ticker: MRD
- Exchange: TSX
- Founded: 1923
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: CA$342.560m
- Shares outstanding: 33.13m
- Website: https://www.melcor.ca
Number of Employees
- Melcor Developments Ltd.
- 10310 Jasper Avenue NW
- Suite 900
- T5J 1Y8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRD||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 1975|
|MODV.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1975|
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Properties, REIT...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/19 23:36|
|End of Day Share Price||2021/01/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.