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Melcor Developments

OTCPK:MODV.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MODV.F
OTCPK
CA$445M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The last earnings update was 12 days ago. More info.


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MODV.F Share Price and Events
7 Day Returns
0%
OTCPK:MODV.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-16.7%
OTCPK:MODV.F
-15.7%
US Real Estate
3%
US Market
MODV.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Melcor Developments (MODV.F) 0% 1.8% - -16.7% - -48.9%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • MODV.F underperformed the Real Estate industry which returned -15.7% over the past year.
  • MODV.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MODV.F
Industry
5yr Volatility vs Market

MODV.F Value

 Is Melcor Developments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Melcor Developments. This is due to cash flow or dividend data being unavailable. The share price is $10.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Melcor Developments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Melcor Developments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MODV.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$1.55
TSX:MRD Share Price ** TSX (2019-05-07) in CAD CA$13.37
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Melcor Developments.

OTCPK:MODV.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MRD Share Price ÷ EPS (both in CAD)

= 13.37 ÷ 1.55

8.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Melcor Developments is good value based on earnings compared to the US Real Estate industry average.
  • Melcor Developments is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Melcor Developments's expected growth come at a high price?
Raw Data
OTCPK:MODV.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
24.2%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Melcor Developments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Melcor Developments's assets?
Raw Data
OTCPK:MODV.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$31.88
TSX:MRD Share Price * TSX (2019-05-07) in CAD CA$13.37
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:MODV.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MRD Share Price ÷ Book Value per Share (both in CAD)

= 13.37 ÷ 31.88

0.42x

* Primary Listing of Melcor Developments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Melcor Developments is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Melcor Developments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Melcor Developments has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MODV.F Future Performance

 How is Melcor Developments expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Melcor Developments, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Melcor Developments expected to grow at an attractive rate?
  • Melcor Developments's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Melcor Developments's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Melcor Developments's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MODV.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MODV.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 24.2%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MODV.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MODV.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 282 1
OTCPK:MODV.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 258 33 51
2018-12-31 267 31 64
2018-09-30 257 1 60
2018-06-30 260 -6 60
2018-03-31 264 -5 62
2017-12-31 258 7 39
2017-09-30 255 17 31
2017-06-30 255 55 35
2017-03-31 250 60 33
2016-12-31 242 69 34
2016-09-30 228 68 43
2016-06-30 252 57 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Melcor Developments's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Melcor Developments is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MODV.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Melcor Developments Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MODV.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
OTCPK:MODV.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 1.55
2018-12-31 1.92
2018-09-30 1.81
2018-06-30 1.81
2018-03-31 1.86
2017-12-31 1.15
2017-09-30 0.91
2017-06-30 1.05
2017-03-31 1.00
2016-12-31 1.04
2016-09-30 1.29
2016-06-30 1.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Melcor Developments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Melcor Developments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Melcor Developments has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MODV.F Past Performance

  How has Melcor Developments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Melcor Developments's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Melcor Developments's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Melcor Developments's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Melcor Developments's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Melcor Developments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Melcor Developments Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MODV.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 257.90 51.22 22.84
2018-12-31 267.43 64.27 22.98
2018-09-30 257.09 59.83 24.66
2018-06-30 259.64 59.88 24.64
2018-03-31 263.80 62.18 24.81
2017-12-31 257.95 38.53 24.91
2017-09-30 254.71 30.55 24.09
2017-06-30 255.35 35.29 23.22
2017-03-31 250.47 33.14 21.83
2016-12-31 242.46 34.43 20.76
2016-09-30 227.79 42.98 21.81
2016-06-30 252.28 51.55 22.37
2016-03-31 256.31 53.68 23.52
2015-12-31 263.31 75.96 23.69
2015-09-30 293.04 93.38 23.15
2015-06-30 298.60 94.75 24.31
2015-03-31 318.55 108.42 25.27
2014-12-31 313.01 100.72 24.77
2014-09-30 343.75 104.55 25.75
2014-06-30 309.46 100.24 29.22
2014-03-31 294.14 92.87 28.83
2013-12-31 303.74 98.63 29.05
2013-09-30 293.51 100.19 27.36
2013-06-30 298.99 103.14 22.38
2013-03-31 283.23 111.80 21.34
2012-12-31 274.93 105.03 21.34
2012-09-30 262.40 101.39 22.26
2012-06-30 239.17 97.69 20.61

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Melcor Developments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Melcor Developments used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Melcor Developments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Melcor Developments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Melcor Developments has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MODV.F Health

 How is Melcor Developments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Melcor Developments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Melcor Developments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Melcor Developments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Melcor Developments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Melcor Developments Company Filings, last reported 1 month ago.

OTCPK:MODV.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,161.13 677.67 31.56
2018-12-31 1,165.94 659.56 33.66
2018-09-30 1,134.94 677.62 38.30
2018-06-30 1,131.78 639.32 31.62
2018-03-31 1,129.68 637.96 32.24
2017-12-31 1,103.49 658.26 46.34
2017-09-30 1,079.34 643.59 41.93
2017-06-30 1,076.11 605.72 27.46
2017-03-31 1,075.59 606.49 44.45
2016-12-31 1,089.06 608.61 45.16
2016-09-30 1,067.45 635.19 37.48
2016-06-30 1,052.15 657.56 35.18
2016-03-31 1,048.26 640.89 25.81
2015-12-31 1,058.37 631.01 54.57
2015-09-30 945.01 652.95 37.73
2015-06-30 918.39 662.13 8.00
2015-03-31 920.16 658.87 14.11
2014-12-31 901.34 621.34 23.02
2014-09-30 857.98 588.67 28.69
2014-06-30 786.25 596.69 24.25
2014-03-31 780.39 570.01 19.93
2013-12-31 769.23 574.33 33.61
2013-09-30 725.83 500.12 26.21
2013-06-30 705.57 447.65 23.50
2013-03-31 709.40 491.22 18.03
2012-12-31 694.76 490.53 14.53
2012-09-30 646.02 466.02 10.85
2012-06-30 624.67 451.90 10.32
  • Melcor Developments's level of debt (58.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (73.1% vs 58.4% today).
  • Debt is not well covered by operating cash flow (4.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess Melcor Developments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Melcor Developments has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MODV.F Dividends

 What is Melcor Developments's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.89%
Current annual income from Melcor Developments dividends. Estimated to be 3.89% next year.
If you bought $2,000 of Melcor Developments shares you are expected to receive $78 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Melcor Developments's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Melcor Developments's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase Melcor Developments before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MODV.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MODV.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-12-31 0.52 1.00
OTCPK:MODV.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.520 3.876
2018-11-06 0.520 4.056
2018-05-08 0.520 3.549
2018-03-07 0.520 3.605
2017-03-15 0.520 3.401
2016-11-09 0.480 3.358
2016-08-10 0.480 3.577
2016-05-11 0.480 3.366
2016-03-16 0.480 3.416
2015-11-10 0.600 4.278
2015-08-11 0.600 3.897
2015-05-12 0.600 3.386
2015-03-11 0.600 3.300
2014-11-05 0.600 3.196
2014-05-09 0.560 2.254
2013-11-06 0.500 2.437
2013-05-09 0.500 2.600
2012-11-06 0.460 2.621
2012-10-15 0.440 2.811
2012-05-10 0.440 2.844
2011-11-03 0.400 2.865
2011-06-01 0.400 2.936
2010-11-04 0.400 2.666
2010-05-06 0.300 2.396
2009-11-04 0.250 2.210
2009-07-30 0.200 2.189

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Melcor Developments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Melcor Developments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Melcor Developments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Melcor Developments has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MODV.F Management

 What is the CEO of Melcor Developments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Darin Rayburn
COMPENSATION CA$1,006,397
TENURE AS CEO 2.1 years
CEO Bio

Mr. Darin Anthony Rayburn has been the Chief Executive Officer and President of Melcor Developments Ltd. since April 15, 2017. Mr. Rayburn served as an Executive Vice President of Investment Properties at Melcor Developments Ltd. since November 2005 until April 15, 2017. Mr. Rayburn served as the Chief Executive Officer at Melcor Real Estate Investment Trust since May 2013 until April 15, 2017. He served as the President of Melcor REIT. He has several years of experience in the accounting and finance industry. Previously, Mr. Rayburn served as Senior Division Manager of Commercial Property and Investment Property at Melcor Developments Ltd. and also served as its Vice President of Investment Property Division and Commercial Property Division. Mr. Rayburn has worked in the real estate industry since 1991. He joined Melcor in 2002. Prior to joining Melcor, Mr. Rayburn held various leasing, operations, management and marketing positions with Oxford Properties Group and Cambridge Shopping Centers. He serves as a Director of Edmonton Oilers Hockey Club. He has been a Trustee at Melcor Real Estate Investment Trust since April 26, 2017. Mr. Rayburn holds a Bachelor of Arts Degree from the University of Alberta.

CEO Compensation
  • Darin's compensation has been consistent with company performance over the past year.
  • Darin's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Melcor Developments management team in years:

2.8
Average Tenure
  • The tenure for the Melcor Developments management team is about average.
Management Team

Darin Rayburn

TITLE
CEO & President
COMPENSATION
CA$1M
TENURE
2.1 yrs

Naomi Stefura

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$535K
TENURE
2.8 yrs

Ryan Mott

TITLE
Regional Manager of USA
COMPENSATION
CA$364K

Nicole Forsythe

TITLE
Director of Corporate Communication

Jarett Thompson

TITLE
Vice-President of New Leasing & Sales

Brett Halford

TITLE
Vice-President of Recreational Properties
COMPENSATION
CA$225K

Guy Pelletier

TITLE
Vice-President of Red Deer Region
COMPENSATION
CA$320K
TENURE
22.3 yrs
Board of Directors Tenure

Average tenure and age of the Melcor Developments board of directors in years:

10.3
Average Tenure
70
Average Age
  • The average tenure for the Melcor Developments board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tim Melton

TITLE
Chairman
COMPENSATION
CA$836K
TENURE
2.1 yrs

Allan Scott

TITLE
Lead Director
COMPENSATION
CA$52K
TENURE
5.2 yrs

Gordon Clanachan

TITLE
Independent Director
COMPENSATION
CA$50K
AGE
63
TENURE
10.3 yrs

Andy Melton

TITLE
Director
COMPENSATION
CA$657K
TENURE
34.3 yrs

Ralph Young

TITLE
Independent Director
COMPENSATION
CA$36K
AGE
72
TENURE
43.3 yrs

Cathy Roozen

TITLE
Independent Director
COMPENSATION
CA$38K
AGE
62
TENURE
12.3 yrs

Ross Grieve

TITLE
Independent Director
COMPENSATION
CA$36K
AGE
70
TENURE
16.3 yrs

Eric Newell

TITLE
Independent Director
COMPENSATION
CA$38K
AGE
73
TENURE
5.1 yrs

Kathleen Melton

TITLE
Director
COMPENSATION
CA$32K
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Melcor Developments insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 19 Buy Gordon Clanachan Individual 14. May 19 15. May 19 2,000 $10.11 $20,022
28. Mar 19 Sell Kamandor Holdings Ltd Company 27. Mar 19 27. Mar 19 -4,400 $9.87 $-43,433
25. Mar 19 Sell Kamandor Holdings Ltd Company 22. Mar 19 25. Mar 19 -7,800 $9.88 $-77,017
20. Mar 19 Sell Kamandor Holdings Ltd Company 19. Mar 19 19. Mar 19 -13,600 $10.04 $-136,558
09. Jan 19 Sell Guy Pelletier Individual 17. Dec 18 17. Dec 18 -9 $9.35 $-84
21. Dec 18 Sell Guy Pelletier Individual 21. Dec 18 21. Dec 18 -400 $9.15 $-3,659
18. Dec 18 Buy Timothy Melton Individual 13. Dec 18 13. Dec 18 3,285 $9.32 $30,609
14. Dec 18 Buy Darin Rayburn Individual 12. Dec 18 12. Dec 18 1,800 $9.41 $16,944
11. Dec 18 Buy Andrew Melton Individual 11. Dec 18 11. Dec 18 950 $9.43 $8,959
06. Dec 18 Buy Andrew Melton Individual 06. Dec 18 06. Dec 18 670 $9.49 $6,349
12. Nov 18 Buy Daniel Eggert Individual 09. Nov 18 09. Nov 18 1,500 $10.30 $15,457
12. Nov 18 Sell Graeme Melton Individual 09. Nov 18 09. Nov 18 -590 $10.14 $-5,981
X
Management checks
We assess Melcor Developments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Melcor Developments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MODV.F News

Simply Wall St News

MODV.F Company Info

Description

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 Property, REIT, and Recreational Property divisions. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The company purchases and develops land to be sold as residential, industrial, and commercial lots; develops, constructs, and leases retail, office, and industrial properties; and owns and leases residential, commercial, retail, and industrial properties. It also owns and manages three 18-hole championship golf courses. The company was founded in 1923 and is headquartered in Edmonton, Canada.

Details
Name: Melcor Developments Ltd.
MODV.F
Exchange: OTCPK
Founded: 1923
CA$330,610,763
33,282,143
Website: http://www.melcor.ca
Address: Melcor Developments Ltd.
10310 Jasper Avenue NW,
Suite 900,
Edmonton,
Alberta, T5J 1Y8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MRD Common Shares The Toronto Stock Exchange CA CAD 06. Jan 1975
OTCPK MODV.F Common Shares Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
147
Melcor Developments employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:57
End of day share price update: 2019/05/07 00:00
Last estimates confirmation: 2019/04/03
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.