(MRD) Melcor Developments - Ratings and Ratios
Residential Communities, Industrial Parks, Office Buildings, Retail Centers, Golf Courses
MRD EPS (Earnings per Share)
MRD Revenue
Description: MRD Melcor Developments
Melcor Developments Ltd. (MRD) is a real estate development company operating in the United States and Canada, with a diverse portfolio across residential, commercial, and industrial properties, as well as golf courses. The companys business is segmented into Land, Properties, REIT, and Golf divisions, allowing for a broad range of revenue streams.
Key Performance Indicators (KPIs) to monitor MRDs performance include revenue growth, gross margin, and Funds From Operations (FFO) per share. Given its real estate development focus, metrics such as land inventory turnover, development pipeline, and property yields are also crucial. Additionally, the companys debt-to-equity ratio and interest coverage ratio will provide insights into its financial health and leverage.
MRDs diversified portfolio and geographic presence across North America can be seen as a strength, potentially mitigating regional market risks. However, the companys reliance on the real estate market exposes it to fluctuations in property demand and economic cycles. As a publicly traded company with a market capitalization of CAD 425.82M, MRDs stock performance is influenced by both its operational results and broader market sentiment.
To evaluate MRDs investment potential, one should analyze its valuation multiples, such as the Price-to-FFO ratio, in comparison to industry peers. Moreover, examining the companys historical dividend payout ratio and its ability to maintain or grow dividend payments can be essential for income-focused investors. The companys growth prospects, driven by its development pipeline and strategic land holdings, should also be assessed.
MRD Stock Overview
| Market Cap in USD | 315m |
| Sector | Real Estate |
| Industry | Real Estate - Development |
| GiC Sub-Industry | Real Estate Development |
| IPO / Inception |
MRD Stock Ratings
| Growth Rating | 56.5 |
| Fundamental | 52.7% |
| Dividend Rating | 57.4 |
| Rel. Strength | 17.5 |
| Analysts | - |
| Fair Price Momentum | 14.80 CAD |
| Fair Price DCF | 128.27 CAD |
MRD Dividends
| Dividend Yield 12m | 3.28% |
| Yield on Cost 5y | 7.28% |
| Annual Growth 5y | 5.29% |
| Payout Consistency | 89.7% |
| Payout Ratio | 6.8% |
MRD Growth Ratios
| Growth Correlation 3m | 78.8% |
| Growth Correlation 12m | 42.6% |
| Growth Correlation 5y | 51.1% |
| CAGR 5y | 18.76% |
| CAGR/Max DD 5y | 0.43 |
| Sharpe Ratio 12m | -0.20 |
| Alpha | 11.42 |
| Beta | 0.313 |
| Volatility | 15.42% |
| Current Volume | 3.1k |
| Average Volume 20d | 4.1k |
| Stop Loss | 13.7 (-3.5%) |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (25.8m TTM) > 0 and > 6% of Revenue (6% = 21.0m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 3.64pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 245.2% (prev 274.0%; Δ -28.79pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 184.6m > Net Income 25.8m (YES >=105%, WARN >=100%) |
| Current Ratio 16.94 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (30.3m) change vs 12m ago -0.97% (target <= -2.0% for YES) |
| Gross Margin 45.96% (prev 44.91%; Δ 1.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 17.00% (prev 15.76%; Δ 1.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.02 (EBITDA TTM 1.22m / Interest Expense TTM 19.0m) >= 6 (WARN >= 3) |
Altman Z'' 6.16
| (A) 0.42 = (Total Current Assets 913.4m - Total Current Liabilities 53.9m) / Total Assets 2.04b |
| (B) 0.55 = Retained Earnings (Balance) 1.13b / Total Assets 2.04b |
| (C) 0.00 = EBIT TTM 298.0k / Avg Total Assets 2.06b |
| (D) 1.51 = Book Value of Equity 1.20b / Total Liabilities 792.6m |
| Total Rating: 6.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 52.74
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 13.86% = 5.0 |
| 3. FCF Margin 36.37% = 7.50 |
| 4. Debt/Equity 0.44 = 2.41 |
| 5. Debt/Ebitda 449.4 = -2.50 |
| 6. ROIC - WACC -3.05% = -3.81 |
| 7. RoE 2.09% = 0.17 |
| 8. Rev. Trend -10.55% = -0.53 |
| 9. Rev. CAGR -26.62% = -2.50 |
| 10. EPS Trend data missing |
| 11. EPS CAGR -42.69% = -2.50 |
As of August 10, 2025, the stock is trading at CAD 14.20 with a total of 3,100 shares traded.
Over the past week, the price has changed by -0.70%, over one month by +3.27%, over three months by +15.87% and over the past year by +20.46%.
Neither. Based on ValueRay´s Fundamental Analyses, Melcor Developments is currently (August 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 52.74 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MRD is around 14.80 CAD . This means that MRD is currently overvalued and has a potential downside of 4.23%.
Melcor Developments has no consensus analysts rating.
According to our own proprietary Forecast Model, MRD Melcor Developments will be worth about 16 in August 2026. The stock is currently trading at 14.20. This means that the stock has a potential upside of +12.61%.
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14 | -1.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 16 | 12.6% |
MRD Fundamental Data Overview
Market Cap CAD = 433.1m (433.1m CAD * 1.0 CAD.CAD)
CCE Cash And Equivalents = 59.5m CAD (last quarter)
P/E Trailing = 17.2289
P/E Forward = 5.5928
P/S = 1.233
P/B = 0.3475
Beta = 1.31
Revenue TTM = 350.5m CAD
EBIT TTM = 298.0k CAD
EBITDA TTM = 1.22m CAD
Long Term Debt = 546.0m CAD (from longTermDebt, last quarter)
[93m Short Term Debt = unknown (0.0)
[39m Debt = 546.0m CAD (Calculated: Short Term 0.0 + Long Term 546.0m)
Net Debt = 486.6m CAD (from netDebt column, last quarter)
Enterprise Value = 919.6m CAD (433.1m + Debt 546.0m - CCE 59.5m)
Interest Coverage Ratio = 0.02 (Ebit TTM 298.0k / Interest Expense TTM 19.0m)
FCF Yield = 13.86% (FCF TTM 127.5m / Enterprise Value 919.6m)
FCF Margin = 36.37% (FCF TTM 127.5m / Revenue TTM 350.5m)
Net Margin = 7.35% (Net Income TTM 25.8m / Revenue TTM 350.5m)
Gross Margin = 45.96% ((Revenue TTM 350.5m - Cost of Revenue TTM 189.4m) / Revenue TTM)
Tobins Q-Ratio = 0.77 (Enterprise Value 919.6m / Book Value Of Equity 1.20b)
Interest Expense / Debt = -0.32% (Interest Expense -1.76m / Debt 546.0m)
Taxrate = 38.96% (from yearly Tax Provision: 21.4m / 54.9m)
NOPAT = 181.9k (EBIT 298.0k * (1 - 38.96%))
Current Ratio = 16.94 (Total Current Assets 913.4m / Total Current Liabilities 53.9m)
Debt / Equity = 0.44 (Debt 546.0m / last Quarter total Stockholder Equity 1.24b)
Debt / EBITDA = 449.4 (Net Debt 486.6m / EBITDA 1.22m)
Debt / FCF = 4.28 (Debt 546.0m / FCF TTM 127.5m)
Total Stockholder Equity = 1.23b (last 4 quarters mean)
RoA = 1.26% (Net Income 25.8m, Total Assets 2.04b )
RoE = 2.09% (Net Income TTM 25.8m / Total Stockholder Equity 1.23b)
RoCE = 0.02% (Ebit 298.0k / (Equity 1.23b + L.T.Debt 546.0m))
RoIC = 0.01% (NOPAT 181.9k / Invested Capital 1.85b)
WACC = 3.06% (E(433.1m)/V(979.1m) * Re(7.17%)) + (D(546.0m)/V(979.1m) * Rd(-0.32%) * (1-Tc(0.39)))
Shares Correlation 5-Years: -90.0 | Cagr: -1.86%
Discount Rate = 7.17% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 81.58% ; FCFE base≈98.3m ; Y1≈125.8m ; Y5≈233.1m
Fair Price DCF = 128.3 (DCF Value 3.88b / Shares Outstanding 30.2m; 5y FCF grow 30.0% → 2.90% )
Revenue Correlation: -10.55 | Revenue CAGR: -26.62%
Revenue Growth Correlation: 24.90%
EPS Correlation: N/A | EPS CAGR: -42.69%
EPS Growth Correlation: -0.40%