MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:MRD • CA5854671032
16.24 CAD
0 (0%)
Last: Feb 6, 2026, 07:00 PM
We assign a fundamental rating of 6 out of 10 to MRD. MRD was compared to 32 industry peers in the Real Estate Management & Development industry. MRD has an excellent financial health rating, but there are some minor concerns on its profitability. MRD may be a bit undervalued, certainly considering the very reasonable score on growth This makes MRD very considerable for value investing!
1. Profitability
1.1 Basic Checks
- MRD had positive earnings in the past year.
- In the past year MRD had a positive cash flow from operations.
- MRD had positive earnings in each of the past 5 years.
- MRD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a decent Return On Assets value of 2.85%, MRD is doing good in the industry, outperforming 68.75% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 4.72%, MRD is in line with its industry, outperforming 56.25% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 5.50%, MRD is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for MRD is significantly below the industry average of 10.88%.
- The last Return On Invested Capital (5.50%) for MRD is above the 3 year average (3.82%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.85% | ||
| ROE | 4.72% | ||
| ROIC | 5.5% |
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
- MRD has a Profit Margin of 14.91%. This is in the better half of the industry: MRD outperforms 65.63% of its industry peers.
- MRD's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 38.68%, MRD is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
- MRD's Operating Margin has improved in the last couple of years.
- MRD has a Gross Margin of 47.83%. This is comparable to the rest of the industry: MRD outperforms 59.38% of its industry peers.
- MRD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.68% | ||
| PM (TTM) | 14.91% | ||
| GM | 47.83% |
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.
- Compared to 1 year ago, MRD has less shares outstanding
- Compared to 5 years ago, MRD has less shares outstanding
- MRD has a better debt/assets ratio than last year.
2.2 Solvency
- MRD has an Altman-Z score of 1.66. This is a bad value and indicates that MRD is not financially healthy and even has some risk of bankruptcy.
- MRD has a Altman-Z score (1.66) which is comparable to the rest of the industry.
- The Debt to FCF ratio of MRD is 5.63, which is a neutral value as it means it would take MRD, 5.63 years of fcf income to pay off all of its debts.
- MRD has a better Debt to FCF ratio (5.63) than 87.50% of its industry peers.
- A Debt/Equity ratio of 0.48 indicates that MRD is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.48, MRD is in line with its industry, outperforming 59.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 5.63 | ||
| Altman-Z | 1.66 |
ROIC/WACC0.81
WACC6.77%
2.3 Liquidity
- MRD has a Current Ratio of 3.44. This indicates that MRD is financially healthy and has no problem in meeting its short term obligations.
- MRD has a better Current ratio (3.44) than 84.38% of its industry peers.
- A Quick Ratio of 3.44 indicates that MRD has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 3.44, MRD belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.44 | ||
| Quick Ratio | 3.44 |
3. Growth
3.1 Past
- MRD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 414.41%, which is quite impressive.
- The Earnings Per Share has been decreasing by -0.67% on average over the past years.
- Looking at the last year, MRD shows a very strong growth in Revenue. The Revenue has grown by 29.55%.
- 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)414.41%
EPS 3Y-13.69%
EPS 5Y-0.67%
EPS Q2Q%140.67%
Revenue 1Y (TTM)29.55%
Revenue growth 3Y3.46%
Revenue growth 5Y10.94%
Sales Q2Q%21.9%
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
- The Price/Earnings ratio is 8.55, which indicates a very decent valuation of MRD.
- Based on the Price/Earnings ratio, MRD is valued a bit cheaper than 78.13% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.92. MRD is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 8.08 indicates a reasonable valuation of MRD.
- MRD's Price/Forward Earnings ratio is rather cheap when compared to the industry. MRD is cheaper than 96.88% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 27.78. MRD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.55 | ||
| Fwd PE | 8.08 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MRD indicates a rather cheap valuation: MRD is cheaper than 93.75% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MRD indicates a rather cheap valuation: MRD is cheaper than 96.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.63 | ||
| EV/EBITDA | 6.53 |
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 3.20%, MRD has a reasonable but not impressive dividend return.
- MRD's Dividend Yield is a higher than the industry average which is at 2.33.
- Compared to an average S&P500 Dividend Yield of 1.83, MRD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.2% |
5.2 History
- The dividend of MRD decreases each year by -2.57%.
- MRD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-2.57%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 23.67% of the earnings are spent on dividend by MRD. This is a low number and sustainable payout ratio.
- The Dividend Rate of MRD has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP23.67%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:MRD (2/6/2026, 7:00:00 PM)
16.24
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-06 2025-11-06
Earnings (Next)03-11 2026-03-11
Inst Owners8.8%
Inst Owner ChangeN/A
Ins Owners14.24%
Ins Owner ChangeN/A
Market Cap488.01M
Revenue(TTM)393.96M
Net Income(TTM)58.75M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.2% |
Yearly Dividend0.44
Dividend Growth(5Y)-2.57%
DP23.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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 | 8.55 | ||
| Fwd PE | 8.08 | ||
| P/S | 1.24 | ||
| P/FCF | 4.63 | ||
| P/OCF | 4.23 | ||
| P/B | 0.39 | ||
| P/tB | 0.39 | ||
| EV/EBITDA | 6.53 |
EPS(TTM)1.9
EY11.7%
EPS(NY)2.01
Fwd EY12.38%
FCF(TTM)3.51
FCFY21.61%
OCF(TTM)3.84
OCFY23.66%
SpS13.11
BVpS41.46
TBVpS41.46
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.85% | ||
| ROE | 4.72% | ||
| ROCE | 7.63% | ||
| ROIC | 5.5% | ||
| ROICexc | 5.73% | ||
| ROICexgc | 5.9% | ||
| OM | 38.68% | ||
| PM (TTM) | 14.91% | ||
| GM | 47.83% | ||
| FCFM | 26.77% |
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%
ROICexgc growth 3Y4.23%
ROICexgc 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-Score9
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 5.63 | ||
| Debt/EBITDA | 3.87 | ||
| Cap/Depr | 841.25% | ||
| Cap/Sales | 2.54% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.16% | ||
| Profit Quality | 179.48% | ||
| Current Ratio | 3.44 | ||
| Quick Ratio | 3.44 | ||
| Altman-Z | 1.66 |
F-Score9
WACC6.77%
ROIC/WACC0.81
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)414.41%
EPS 3Y-13.69%
EPS 5Y-0.67%
EPS Q2Q%140.67%
EPS Next Y-5.24%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)29.55%
Revenue growth 3Y3.46%
Revenue growth 5Y10.94%
Sales Q2Q%21.9%
Revenue Next Year-3.26%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y40.36%
EBIT growth 3Y4.12%
EBIT growth 5Y17.48%
EBIT Next Year-3.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y265.25%
FCF growth 3Y18.66%
FCF growth 5Y52.08%
OCF growth 1Y122.64%
OCF growth 3Y10.64%
OCF growth 5Y25.86%
MELCOR DEVELOPMENTS LTD / MRD.CA FAQ
What is the ChartMill fundamental rating of MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MRD.CA.
What is the valuation status for MRD stock?
ChartMill assigns a valuation rating of 7 / 10 to MELCOR DEVELOPMENTS LTD (MRD.CA). This can be considered as Undervalued.
What is the profitability of MRD stock?
MELCOR DEVELOPMENTS LTD (MRD.CA) has a profitability rating of 6 / 10.
What is the valuation of MELCOR DEVELOPMENTS LTD based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MELCOR DEVELOPMENTS LTD (MRD.CA) is 8.55 and the Price/Book (PB) ratio is 0.39.
What is the earnings growth outlook for MELCOR DEVELOPMENTS LTD?
The Earnings per Share (EPS) of MELCOR DEVELOPMENTS LTD (MRD.CA) is expected to decline by -5.24% in the next year.