Subscribe

Melcor Developments Ltd. (MRD.TO)

CAD18.84 +0.00 (+0.00%)
CA TSX Real Estate Real Estate - Development
Address 10310 Jasper Avenue NW T5J 1Y8
Edmonton, AB, CA
CEO Timothy Charles Melton
Website melcor.ca
IPO 1996-04-25
ISIN CA5854671032

Explore sections of this company profile

Also trades on Other OTC · MODVF (USD) Toronto Stock Exchange · MRD.TO (CAD)
Description

Melcor Developments Ltd. is a real estate development and management firm with operations spanning the United States and Canada. The company segments its business into Community Development, Property Development, REIT, Investment Property, and Recreational Property. Melcor's extensive activities encompass the creation, management, and ownership of diverse properties, including master-planned residential communities, business and industrial parks, office buildings, retail centers, and golf facilities. Its core operations involve acquiring land for development into residential, industrial, and commercial lots for sale, as well as constructing and leasing retail, office, and industrial properties. Furthermore, Melcor owns and leases a variety of commercial, retail, and residential assets, alongside parking lots and undeveloped land. A specific highlight of its recreational portfolio is the ownership and management of three 18-hole golf courses. Established in 1923, Melcor Developments Ltd. maintains its corporate headquarters in Edmonton, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
CAD18.84 +0.00 (+0.00%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
7.8K
Beta
0.88
Float Shares
9.94M
Free Float %
33.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.43% -0.59% +0.77% +12.55% +25.53% +20.67% +44.80% +64.64% +40.38% +36.73% +1,571.82%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
18.84
DCF (Unlevered) 44.83 +138.0%
DCF (Levered) 53.35 +183.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.89
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Development: +9.7%
    +17.5% Q1'26: -10.6% (vs Q1'25)
  • EPS growth Real Estate - Development: +20.5%
    +75.2% Q1'26: +375.0% (vs Q1'25)
  • FCF margin FCF growth · Real Estate - Development: +16.2%
    +8.6% Q1'26: -32.3% (vs Q1'25)
  • EBIT margin Real Estate - Development: +19.8%
    +32.6% Q1'26: +43.8% (vs Q1'25)
  • ROIC Real Estate - Development: +3.2%
    +4.6% Q1'26: +4.6% (vs Q1'25)
  • Share dilution Real Estate - Development: +0.0%
    -0.8% Q1'26: -2.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×
    4.06× Q1'26: 6.22× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.89) × ERP
WACC = 51% × Ke + 49% × Kd (5.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 44.83 Current price: 18.84
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
Revenue
203.40M
est: 188.99M (+7.6%)
207.02M
est: 216.19M (-4.2%)
108.44M
est: 102.92M (+5.4%)
136.61M
est: 133.17M (+2.6%)
193.03M
est: 175.59M (+9.9%)
274.93M
est: 295.95M (-7.1%)
303.74M
est: 301.59M (+0.7%)
313.01M
est: 392.18M (-20.2%)
263.31M
est: 276.88M (-4.9%)
242.46M
est: 227.80M (+6.4%)
257.95M
est: 241.30M (+6.9%)
267.43M
est: 272.00M (-1.7%)
207.97M
est: 250.00M (-16.8%)
226.82M
est: 192.00M (+18.1%)
315.63M
est: 299.00M (+5.6%)
241.75M
est: 299.00M (-19.1%)
315.24M
est: 280.00M (+12.6%)
349.50M
est: 307.00M (+13.8%)
410.55M
est: 297.00M (+38.2%)
295.00M
295.00M – 295.00M
-0.7% YoY
EBITDA
75.73M
est: 66.05M (+14.7%)
94.64M
est: 74.07M (+27.8%)
46.98M
est: 44.09M (+6.6%)
36.79M
est: 45.62M (-19.4%)
68.98M
est: 60.16M (+14.7%)
92.70M
est: 101.39M (-8.6%)
107.23M
est: 103.32M (+3.8%)
126.98M
est: 157.67M (-19.5%)
98.66M
est: 89.39M (+10.4%)
89.23M
est: 84.11M (+6.1%)
92.89M
est: 84.33M (+10.2%)
103.20M
est: 62.13M (+66.1%)
54.76M
est: 87.37M (-37.3%)
116.45M
est: 9.39M (+1,140.8%)
83.48M
est: 104.49M (-20.1%)
96.59M
est: 104.49M (-7.6%)
104.77M
est: 18.58M (+463.9%)
83.03M
est: 95.97M (-13.5%)
135.07M
est: 92.84M (+45.5%)
92.21M
92.21M – 92.21M
-0.7% YoY
EBIT
73.49M
est: -8.07M (+1,011.1%)
98.31M
est: -9.05M (+1,186.9%)
63.58M
est: -4.31M (+1,576.5%)
42.69M
est: -5.57M (+866.2%)
59.22M
est: -7.35M (+906.1%)
151.44M
est: -12.38M (+1,323.0%)
136.26M
est: -12.62M (+1,179.9%)
142.00M
est: 155.79M (-8.9%)
122.63M
est: 88.25M (+39.0%)
78.78M
est: 82.71M (-4.7%)
74.09M
est: -10.30M (+819.4%)
105.12M
est: -11.61M (+1,005.5%)
65.65M
est: 97.51M (-32.7%)
38.24M
est: 50.77M (-24.7%)
101.74M
est: -12.76M (+897.3%)
136.85M
est: -12.76M (+1,172.4%)
103.51M
est: 100.52M (+3.0%)
81.78M
est: 17.01M (+380.9%)
133.91M
est: 16.45M (+714.0%)
16.34M
16.34M – 16.34M
-0.7% YoY
Net Income
57.77M
est: 50.82M (+13.7%)
63.67M
est: 59.79M (+6.5%)
41.02M
est: 34.56M (+18.7%)
23.22M
est: 23.04M (+0.8%)
45.06M
est: 34.25M (+31.5%)
105.03M
est: 67.87M (+54.8%)
98.63M
est: 66.95M (+47.3%)
100.72M
est: 128.22M (-21.4%)
75.96M
est: 72.17M (+5.2%)
34.43M
est: 62.49M (-44.9%)
38.53M
est: 22.70M (+69.7%)
64.27M
est: 46.94M (+36.9%)
37.74M
est: 40.19M (-6.1%)
11.46M
est: 27.78M (-58.7%)
56.31M
est: 28.22M (+99.5%)
89.35M
est: 76.70M (+16.5%)
62.98M
est: 54.99M (+14.5%)
33.53M
est: 63.91M (-47.5%)
58.02M
est: 60.56M (-4.2%)
— – —
-100.0% YoY
SGA
11.79M
est: 15.20M (-22.5%)
13.81M
est: 17.05M (-19.0%)
11.75M
est: 8.12M (+44.8%)
11.10M
est: 10.50M (+5.7%)
14.88M
est: 13.85M (+7.5%)
21.43M
est: 23.34M (-8.2%)
29.05M
est: 23.23M (+25.0%)
24.77M
est: 39.40M (-37.1%)
23.69M
est: 17.75M (+33.5%)
20.76M
est: 19.49M (+6.5%)
24.91M
est: 19.41M (+28.3%)
22.98M
est: 21.88M (+5.0%)
22.16M
est: 21.12M (+4.9%)
18.88M
est: 16.31M (+15.8%)
21.55M
est: 24.05M (-10.4%)
22.68M
est: 24.05M (-5.7%)
22.64M
est: 32.28M (-29.9%)
29.74M
est: 19.59M (+51.8%)
est: 18.95M (-100.0%)
18.82M
18.82M – 18.82M
-0.7% YoY
EPS
1.87
est: 1.66 (+12.9%)
2.05
est: 1.94 (+5.7%)
1.32
est: 1.12 (+17.7%)
0.78
est: 0.75 (+4.4%)
1.88
est: 1.11 (+69.2%)
3.49
est: 2.83 (+23.4%)
3.24
est: 2.17 (+49.2%)
3.18
est: 2.63 (+21.1%)
2.29
est: 1.90 (+20.5%)
1.04
est: 0.86 (+20.9%)
1.15
est: 0.74 (+55.4%)
1.92
est: 1.53 (+25.5%)
1.13
est: 1.31 (-13.7%)
0.34
est: -0.98 (+134.7%)
1.70
est: 0.92 (+84.8%)
2.75
est: 2.50 (+10.0%)
2.04
est: 2.19 (-6.8%)
1.10
est: 2.10 (-47.6%)
1.92
est: 1.99 (-3.5%)
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A 4/5 5/5 3/5 4/5 3/5 3/5 5/5
2026-05-07 A 4/5 5/5 3/5 4/5 3/5 3/5 5/5
2026-05-06 A 4/5 5/5 3/5 4/5 3/5 3/5 5/5
2026-05-05 A 4/5 5/5 3/5 4/5 3/5 3/5 5/5
2026-05-04 A 4/5 5/5 3/5 4/5 3/5 3/5 5/5
2026-05-01 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-04-30 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-04-29 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-04-28 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-04-27 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-04-24 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-04-23 A+ 4/5 5/5 3/5 5/5 2/5 4/5 5/5
2026-04-22 A+ 4/5 5/5 3/5 5/5 2/5 4/5 5/5
2026-04-21 A+ 4/5 5/5 3/5 5/5 2/5 4/5 5/5
2026-04-20 A+ 4/5 5/5 3/5 5/5 2/5 4/5 5/5
2026-04-17 A+ 4/5 5/5 3/5 5/5 2/5 4/5 5/5
2026-04-16 A+ 4/5 5/5 3/5 5/5 2/5 4/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
49.35M
OE per share TTM
1.64
Owner's Yield
8.88%
Maintenance CapEx ratio
1.13%
Maint CapEx / Avg PPE
4.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - International Core Equity 2 ETF DFIC 0.00% 167.6K 0.22%
2 Dimensional - International Small Cap Value ETF DISV 0.00% 40.3K 0.42%
3 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 100.9K 0.28%
4 Dimensional - International Small Cap ETF DFIS 0.00% 7.6K 0.39%
5 Dimensional - International Core Equity Market ETF DFAI 0.00% 0.18%
6 Dimensional International Sustainability Core 1 ETF DFSI 0.00% 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
991.9K
Shares Outstanding
30.06M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Timothy Charles Melton Chief Executive Officer & Executive Chairman 2M male
Naomi Marie Stefura Chief Operating Officer, Chief Financial Officer & Secretary 2M female
Richard Randy Ferguson Senior Vice President of Properties 441.7K
Brett A. Halford Vice-President of Recreational Properties 225.0K male
Leah Margiotta Vice-President of Property Development female
Robyn Alexandra Salik Vice President of Accounting & Corporate Services female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits