Melcor Developments: Top 10 Undervalued Real Estate Industry Stocks (MRD)
Melcor Developments is now ranked among the top 10 undervalued stocks in the Real Estate industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Real Estate: Companies that develop real estate and same properties held as inventory, or sold to others after development, with no specific portfolio composition.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| IVQ-U | Invesque | 0.11 | 0.47 | 0.36 (330.2%) | 2622 | 6.2 | 0.0 | 0.0 |
| IVQ | Invesque | 0.14 | 0.58 | 0.44 (311.8%) | 18346 | 7.9 | 0.0 | 0.0 |
| NXLV | NexLiving Communities | 2.12 | 3.08 | 0.96 (45.4%) | 3550 | 35.5 | 1.9 | 7.1 |
| GDC | Genesis Land Development | 4.18 | 5.49 | 1.31 (31.4%) | 14813 | 237.4 | 0.0 | 9.1 |
| HMT | Halmont Properties | 0.75 | 0.97 | 0.22 (29.3%) | 2711 | 106.1 | 0.0 | 6.9 |
| SVI | StorageVault Canada | 5.01 | 5.50 | 0.49 (9.8%) | 305642 | 1896.3 | 0.2 | 0.0 |
| MRC | Morguard | 127.85 | 140.00 | 12.15 (9.5%) | 3693 | 1382.4 | 0.5 | 6.8 |
| UFC | Urbanfund | 0.80 | 0.87 | 0.07 (9.2%) | 1421 | 48.5 | 6.0 | 6.8 |
| MRD | Melcor Developments | 12.90 | 14.00 | 1.10 (8.5%) | 7113 | 396.2 | 3.8 | 5.3 |
| MPC | Madison Pacific Props | 5.18 | 5.59 | 0.41 (7.8%) | 811 | 308.0 | 2.0 | 0.0 |
All data provided as of September 26, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Melcor Developments
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.
Melcor Developments is listed under MRD on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
