Melcor Developments Ltd (MRD) Fair Value & Analysis
Real Estate · CA · Market cap C$541M
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 4 days ago
Fair value updated Jun 26, 2026 — revised from C$45.83 to C$45.80 (−0.1%) since Jun 24, 2026. Share price +3.7% over the past month.
Price vs Fair Value (12 months)
12‑month range C$12.86 – C$19.05 · fair‑value band C$25.87 – C$63.58 · the C$18.32 price screens below the C$45.80 fair value. As of Jun 26, 2026.
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Melcor Developments Ltd (MRD) currently trades at C$18.32, while our model-based Fair Value estimate is C$45.80 — implying the stock looks roughly 150.0% undervalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Melcor Developments Ltd generated revenue of C$405M at a net margin of 18.8%. Revenue declined 10.6% year over year. It earns a return on equity of 5.9%. Net debt stands at C$474M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, and Golf divisions. The company develops, owns, and manages mixed-use residential, business industrial parks, office buildings, retail commercial centers, and golf courses. It also purchases and develops land to be sold as residential communities, industrial, and commercial projects; develops and leases retail, office, and industrial properties; and owns and leases commercial, retail, and residential properties, as well as parking lots and land. In addition, the company owns and manages 18-hole golf courses. The company was founded in 1923 and is based in Edmonton, Canada. Melcor Developments Ltd. operates as a subsidiary of Melton Holdings Ltd.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Melcor Developments Ltd reported revenue of C$411M in FY2025 versus C$316M in FY2021, a compound +6.8%/yr. Reported net income was C$58.0M in FY2025, compounding +0.7%/yr from FY2021.
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Similar stocks
6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vinhomes Joint Stock Company VHM | 155,400 VND | 148,549 VND | -4% |
| DLF Limited DLF | ₹577.70 | ₹263.02 | -54% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,150 IDR | 1,330 IDR | -78% |
| Lodha Developers Limited LODHA | ₹926.65 | ₹774.29 | -16% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,592 | ₹1,400 | -12% |
| Godrej Properties Limited GODREJPROP | ₹1,708 | ₹2,070 | +21% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.