MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Fundamental Analysis
Canada - TSX:MRD - CA5854671032 - Common Stock
15.31 CAD
+0.06 (+0.39%)
Overall MRD gets a fundamental rating of 5 out of 10. We evaluated MRD against 29 industry peers in the Real Estate Management & Development industry. MRD is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. MRD has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MRD had positive earnings in the past year.
MRD had a positive operating cash flow in the past year.
Each year in the past 5 years MRD has been profitable.
In the past 5 years MRD always reported a positive cash flow from operatings.
1.2 Ratios
MRD has a Return On Assets of 1.26%. This is comparable to the rest of the industry: MRD outperforms 51.72% of its industry peers.
MRD has a Return On Equity (2.07%) which is comparable to the rest of the industry.
MRD has a better Return On Invested Capital (4.50%) than 62.07% of its industry peers.
MRD had an Average Return On Invested Capital over the past 3 years of 3.82%. This is below the industry average of 8.03%.
The last Return On Invested Capital (4.50%) for MRD is above the 3 year average (3.82%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.26% | ||
| ROE | 2.07% | ||
| ROIC | 4.5% |
ROA(3y)2.91%
ROA(5y)2.39%
ROE(3y)5.16%
ROE(5y)4.32%
ROIC(3y)3.82%
ROIC(5y)3.63%
1.3 Margins
Looking at the Profit Margin, with a value of 7.35%, MRD is in line with its industry, outperforming 58.62% of the companies in the same industry.
MRD's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 35.28%, MRD is in the better half of the industry, outperforming 72.41% of the companies in the same industry.
MRD's Operating Margin has improved in the last couple of years.
MRD has a Gross Margin (45.96%) which is comparable to the rest of the industry.
MRD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.28% | ||
| PM (TTM) | 7.35% | ||
| GM | 45.96% |
OM growth 3Y0.63%
OM growth 5Y5.89%
PM growth 3Y-18.68%
PM growth 5Y-11.95%
GM growth 3Y0.48%
GM growth 5Y-0.66%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MRD is destroying value.
MRD has less shares outstanding than it did 1 year ago.
MRD has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MRD has an improved debt to assets ratio.
2.2 Solvency
MRD has an Altman-Z score of 1.59. This is a bad value and indicates that MRD is not financially healthy and even has some risk of bankruptcy.
MRD has a better Altman-Z score (1.59) than 65.52% of its industry peers.
MRD has a debt to FCF ratio of 4.99. This is a neutral value as MRD would need 4.99 years to pay back of all of its debts.
MRD has a Debt to FCF ratio of 4.99. This is amongst the best in the industry. MRD outperforms 89.66% of its industry peers.
MRD has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
MRD's Debt to Equity ratio of 0.44 is fine compared to the rest of the industry. MRD outperforms 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.99 | ||
| Altman-Z | 1.59 |
ROIC/WACC0.56
WACC7.99%
2.3 Liquidity
MRD has a Current Ratio of 3.81. This indicates that MRD is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of MRD (3.81) is better than 93.10% of its industry peers.
A Quick Ratio of 3.81 indicates that MRD has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.81, MRD belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.81 | ||
| Quick Ratio | 3.81 |
3. Growth
3.1 Past
The earnings per share for MRD have decreased strongly by -66.36% in the last year.
The Earnings Per Share has been decreasing by -0.67% on average over the past years.
MRD shows a small growth in Revenue. In the last year, the Revenue has grown by 6.57%.
MRD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.94% yearly.
EPS 1Y (TTM)-66.36%
EPS 3Y-13.69%
EPS 5Y-0.67%
EPS Q2Q%-61.9%
Revenue 1Y (TTM)6.57%
Revenue growth 3Y3.46%
Revenue growth 5Y10.94%
Sales Q2Q%2%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-5.24%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.26%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.14 indicates a rather expensive valuation of MRD.
MRD's Price/Earnings ratio is a bit cheaper when compared to the industry. MRD is cheaper than 62.07% of the companies in the same industry.
MRD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 7.62, the valuation of MRD can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MRD indicates a rather cheap valuation: MRD is cheaper than 100.00% of the companies listed in the same industry.
MRD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.14 | ||
| Fwd PE | 7.62 |
4.2 Price Multiples
MRD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MRD is cheaper than 93.10% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MRD is valued cheaply inside the industry as 96.55% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.22 | ||
| EV/EBITDA | 7.59 |
4.3 Compensation for Growth
The decent profitability rating of MRD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.38%, MRD has a reasonable but not impressive dividend return.
MRD's Dividend Yield is a higher than the industry average which is at 3.24.
Compared to an average S&P500 Dividend Yield of 2.38, MRD pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
5.2 History
The dividend of MRD decreases each year by -2.57%.
MRD has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-2.57%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
51.91% of the earnings are spent on dividend by MRD. This is a bit on the high side, but may be sustainable.
The Dividend Rate of MRD has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP51.91%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:MRD (9/18/2025, 7:00:00 PM)
15.31
+0.06 (+0.39%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners8.77%
Inst Owner ChangeN/A
Ins Owners14.05%
Ins Owner ChangeN/A
Market Cap461.44M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
Yearly Dividend0.44
Dividend Growth(5Y)-2.57%
DP51.91%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.14 | ||
| Fwd PE | 7.62 | ||
| P/S | 1.32 | ||
| P/FCF | 4.22 | ||
| P/OCF | 3.61 | ||
| P/B | 0.37 | ||
| P/tB | 0.37 | ||
| EV/EBITDA | 7.59 |
EPS(TTM)0.8
EY5.23%
EPS(NY)2.01
Fwd EY13.13%
FCF(TTM)3.63
FCFY23.72%
OCF(TTM)4.25
OCFY27.73%
SpS11.63
BVpS41.26
TBVpS41.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.26% | ||
| ROE | 2.07% | ||
| ROCE | 6.24% | ||
| ROIC | 4.5% | ||
| ROICexc | 4.64% | ||
| ROICexgc | 4.79% | ||
| OM | 35.28% | ||
| PM (TTM) | 7.35% | ||
| GM | 45.96% | ||
| FCFM | 31.23% |
ROA(3y)2.91%
ROA(5y)2.39%
ROE(3y)5.16%
ROE(5y)4.32%
ROIC(3y)3.82%
ROIC(5y)3.63%
ROICexc(3y)3.93%
ROICexc(5y)3.72%
ROICexgc(3y)4.06%
ROICexgc(5y)3.84%
ROCE(3y)5.31%
ROCE(5y)5.03%
ROICexcg growth 3Y4.23%
ROICexcg growth 5Y17.72%
ROICexc growth 3Y4.16%
ROICexc growth 5Y17.7%
OM growth 3Y0.63%
OM growth 5Y5.89%
PM growth 3Y-18.68%
PM growth 5Y-11.95%
GM growth 3Y0.48%
GM growth 5Y-0.66%
F-Score7
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.99 | ||
| Debt/EBITDA | 4.37 | ||
| Cap/Depr | 1515.14% | ||
| Cap/Sales | 5.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 102.48% | ||
| Profit Quality | 425.01% | ||
| Current Ratio | 3.81 | ||
| Quick Ratio | 3.81 | ||
| Altman-Z | 1.59 |
F-Score7
WACC7.99%
ROIC/WACC0.56
Cap/Depr(3y)1460.36%
Cap/Depr(5y)1587.21%
Cap/Sales(3y)6.3%
Cap/Sales(5y)7.47%
Profit Quality(3y)95.67%
Profit Quality(5y)124.25%
High Growth Momentum
Growth
EPS 1Y (TTM)-66.36%
EPS 3Y-13.69%
EPS 5Y-0.67%
EPS Q2Q%-61.9%
EPS Next Y-5.24%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.57%
Revenue growth 3Y3.46%
Revenue growth 5Y10.94%
Sales Q2Q%2%
Revenue Next Year-3.26%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.75%
EBIT growth 3Y4.12%
EBIT growth 5Y17.48%
EBIT Next Year-3.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1768.67%
FCF growth 3Y18.66%
FCF growth 5Y52.08%
OCF growth 1Y941.33%
OCF growth 3Y10.64%
OCF growth 5Y25.86%