Melcor Developments Ltd
TSX:MRD
Intrinsic Value
Melcor Developments Ltd. is a diversified real estate development and asset management company, which develops and manages mixed-use residential communities, business and industrial parks, office buil... [ Read More ]
The intrinsic value of one
MRD
stock under the Base Case scenario is
56.06
CAD.
Compared to the current market price of 11.32 CAD,
Melcor Developments Ltd
is
Undervalued by 80%.
MRD could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Melcor Developments Ltd's market capitalization is 347.1m CAD.
MRD stock price is 11.32 CAD.
MRD stock price (11.32 CAD) is 80% less than its Intrinsic Value (56.06 CAD).
MRD has upside potential of 26% compared to the average analyst price target.
Open Wall St Estimates
MRD's ROIC (Return on Invested Capital) has increased in the last 3 years from 3% to 5%.
MRD's ROE (Return on Equity) for the past 12 months is positive and is equal to 5%.
MRD's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 5%.
MRD's Revenue has grown by an exceptional 30% over the past 12 months.
MRD has positive Net Income for the last twelve months.
MRD's Revenue has been growing by 12% per year for the last 3 years.
MRD's ROE (Return on Equity) has significantly increased in the last 3 years from -6% to 5%.
MRD has positive three-year average ROE (Return on Equity): 5%. The company is efficient at transforming stockholders' equity into net income.
MRD has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
MRD has positive Free Cash Flow for the last twelve months.
MRD has positive Operating Income for the last twelve months.
MRD has positive Gross Profit for the last twelve months.
MRD's D/E (Debt to Equity) is very low and is equal to 0.55.
MRD's long-term assets (2B CAD) exceed its long-term liabilties (888m CAD).
MRD's Altman Z-Score is very low and is equal to 1.35.
MRD's short-term assets (174m CAD) exceed its short-term liabilties (50m CAD).
MRD has positive Net Debt. This means that the company has more debt (670m CAD) than cash and short-term investments (35m CAD).
Valuation Backtest
Melcor Developments Ltd
Run backtest to discover the historical profit from buying and selling
MRD
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Melcor Developments Ltd
Balance Sheet Decomposition
Melcor Developments Ltd
| Current Assets | 174.4m |
| Cash & Short-Term Investments | 34.7m |
| Receivables | 139.7m |
| Non-Current Assets | 1.9B |
| Long-Term Investments | 1.8B |
| PP&E | 11.7m |
| Other Non-Current Assets | 98.5m |
| Current Liabilities | 49.5m |
| Accounts Payable | 48.3m |
| Other Current Liabilities | 1.2m |
| Non-Current Liabilities | 838.4m |
| Long-Term Debt | 670.2m |
| Other Non-Current Liabilities | 168.2m |
Earnings Waterfall
Melcor Developments Ltd
|
Revenue
|
315.2m
CAD
|
|
Cost of Revenue
|
-172.9m
CAD
|
|
Gross Profit
|
142.4m
CAD
|
|
Operating Expenses
|
-29.2m
CAD
|
|
Operating Income
|
113.2m
CAD
|
|
Other Expenses
|
-50.2m
CAD
|
|
Net Income
|
63m
CAD
|
Free Cash Flow Analysis
Melcor Developments Ltd
MRD Profitability Score
Profitability Due Diligence
Melcor Developments Ltd's profitability score is 57/100. The higher the profitability score, the more profitable the company is.
Score
Melcor Developments Ltd's profitability score is 57/100. The higher the profitability score, the more profitable the company is.
MRD Solvency Score
Solvency Due Diligence
Melcor Developments Ltd's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Score
Melcor Developments Ltd's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MRD Price Targets Summary
Melcor Developments Ltd
According to Wall Street analysts, the average 1-year price target for
MRD
is 14.28 CAD
with a low forecast of 14.14 CAD and a high forecast of 14.7 CAD.
Shareholder Return
MRD Price
Melcor Developments Ltd
| Average Annual Return | 3.71% |
| Standard Deviation of Annual Returns | 43.94% |
| Max Drawdown | -58% |
| Market Capitalization | 347.1m CAD |
| Shares Outstanding | 30 622 800 |
| Percentage of Shares Shorted | 0.06% |
Company Profile
Melcor Developments Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Melcor Developments Ltd. is a diversified real estate development and asset management company, which develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. The company is headquartered in Edmonton, Alberta and currently employs 124 full-time employees. The firm develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The firm's divisions include community development, property development, investment properties, REIT and recreational property divisions. Community development is engaged in acquiring raw land for commercial and residential community development. Property development is engaged in developing retail, office and industrial income producing properties on serviced commercial sites developed by community development. Investment properties manages and leases the commercial developments produced by the property development. The REIT owns and holds approximately 39 income producing properties. Recreational Properties owns and operates championship golf courses associated with its residential communities.
Contact
IPO
Employees
Officers
The intrinsic value of one
MRD
stock under the Base Case scenario is
56.06
CAD.
Compared to the current market price of 11.32 CAD,
Melcor Developments Ltd
is
Undervalued by 80%.
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