Melcor Real Estate Investment Trust
TSX:MR.UN

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Melcor Real Estate Investment Trust Logo
Melcor Real Estate Investment Trust
TSX:MR.UN
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Price: 101.26 CAD 0.98% Market Closed
Market Cap: 76.1m CAD

Relative Value

The Relative Value of one MR.UN stock under the Base Case scenario is 500.04 CAD. Compared to the current market price of 101.26 CAD, Melcor Real Estate Investment Trust is Undervalued by 80%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MR.UN Relative Value
Base Case
500.04 CAD
Undervaluation 80%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
73
Median 3Y
1
Median 5Y
1
Industry
3.8
Forward
1
vs History
vs Industry
57
Median 3Y
2.1
Median 5Y
2.1
Industry
16.3
Forward
161.8
vs History
69
vs Industry
56
Median 3Y
5.3
Median 5Y
5.3
Industry
11.1
vs History
vs Industry
44
Median 3Y
-7.6
Median 5Y
6.3
Industry
12.8
vs History
23
vs Industry
70
Median 3Y
0.4
Median 5Y
0.4
Industry
0.9
vs History
79
vs Industry
52
Median 3Y
5.4
Median 5Y
5.8
Industry
6.8
Forward
4.6
vs History
79
vs Industry
57
Median 3Y
9.3
Median 5Y
10
Industry
12.5
vs History
65
vs Industry
55
Median 3Y
10.1
Median 5Y
10.8
Industry
15.8
Forward
8.5
vs History
65
vs Industry
56
Median 3Y
10.1
Median 5Y
10.8
Industry
19.1
vs History
74
vs Industry
31
Median 3Y
29
Median 5Y
30.8
Industry
18.4
vs History
74
vs Industry
30
Median 3Y
29
Median 5Y
30.8
Industry
20.5
vs History
79
vs Industry
62
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8

Multiples Across Competitors

MR.UN Competitors Multiples
Melcor Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Melcor Real Estate Investment Trust
TSX:MR.UN
76.1m CAD 1.1 -2.5 10.1 10.1
ZA
Growthpoint Properties Ltd
JSE:GRT
58.3B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
38.3B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.2B USD 8.4 38.8 16.5 26.1
ZA
Attacq Ltd
JSE:ATT
11.2B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
10.9B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 19.1 44.1 39.5 49.8
AU
Stockland Corporation Ltd
ASX:SGP
14.1B AUD 4.5 17.1 23.4 23.4
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.4B Zac 0 0 0 0
AU
Charter Hall Group
ASX:CHC
12B AUD 17.4 53.1 26.6 26.6
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.9B EUR 13.3 10.8 26.7 27.1
P/E Multiple
Earnings Growth PEG
CA
Melcor Real Estate Investment Trust
TSX:MR.UN
Average P/E: 32.8
Negative Multiple: -2.5
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
3%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
2%
N/A
US
WP Carey Inc
NYSE:WPC
38.8
10%
3.9
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-10%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
44.1
-12%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
17.1
7%
2.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
11%
N/A
AU
Charter Hall Group
ASX:CHC
53.1
34%
1.6
ES
MERLIN Properties SOCIMI SA
MAD:MRL
10.8
7%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Melcor Real Estate Investment Trust
TSX:MR.UN
Average EV/EBITDA: 23.8
10.1
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.5
8%
2.1
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
39.5
-2%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.4
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
AU
Charter Hall Group
ASX:CHC
26.6
21%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.7
10%
2.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Melcor Real Estate Investment Trust
TSX:MR.UN
Average EV/EBIT: 27.2
10.1
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
26.1
11%
2.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
49.8
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.4
18%
1.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
AU
Charter Hall Group
ASX:CHC
26.6
20%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
27.1
20%
1.4