Melcor Developments Ltd
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. It operates through Land, Properties, REIT, and Golf divisions. The company develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. It also purchases and develops land to be sold as residential,… Read more
Melcor Developments Ltd (MODVF) - Net Assets
Latest net assets as of September 2025: $1.25 Billion USD
Based on the latest financial reports, Melcor Developments Ltd (MODVF) has net assets worth $1.25 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.06 Billion) and total liabilities ($813.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.25 Billion |
| % of Total Assets | 60.5% |
| Annual Growth Rate | 10.51% |
| 5-Year Change | 15.33% |
| 10-Year Change | 27.06% |
| Growth Volatility | 12.42 |
Melcor Developments Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Melcor Developments Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Melcor Developments Ltd (1993–2024)
The table below shows the annual net assets of Melcor Developments Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.24 Billion | -1.64% |
| 2023-12-31 | $1.26 Billion | +7.22% |
| 2022-12-31 | $1.18 Billion | +5.54% |
| 2021-12-31 | $1.12 Billion | +3.62% |
| 2020-12-31 | $1.08 Billion | -0.26% |
| 2019-12-31 | $1.08 Billion | +1.19% |
| 2018-12-31 | $1.07 Billion | +5.85% |
| 2017-12-31 | $1.01 Billion | +1.39% |
| 2016-12-31 | $994.72 Million | +1.71% |
| 2015-12-31 | $977.97 Million | +8.50% |
| 2014-12-31 | $901.34 Million | +17.17% |
| 2013-12-31 | $769.23 Million | +10.72% |
| 2012-12-31 | $694.76 Million | +15.27% |
| 2011-12-31 | $602.74 Million | +68.26% |
| 2010-12-31 | $358.22 Million | +9.71% |
| 2009-12-31 | $326.52 Million | +5.28% |
| 2008-12-31 | $310.16 Million | +8.26% |
| 2007-12-31 | $286.48 Million | +21.44% |
| 2006-12-31 | $235.91 Million | +26.61% |
| 2005-12-31 | $186.33 Million | +21.35% |
| 2004-12-31 | $153.54 Million | +9.10% |
| 2003-12-31 | $140.74 Million | +11.24% |
| 2002-12-31 | $126.51 Million | +18.55% |
| 2001-12-31 | $106.72 Million | +14.89% |
| 2000-12-31 | $92.89 Million | +8.51% |
| 1999-12-31 | $85.60 Million | +5.68% |
| 1998-12-31 | $81.00 Million | +10.20% |
| 1997-12-31 | $73.50 Million | +9.21% |
| 1996-12-31 | $67.30 Million | +4.02% |
| 1995-12-31 | $64.70 Million | +1.89% |
| 1994-12-31 | $63.50 Million | +13.19% |
| 1993-12-31 | $56.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Melcor Developments Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2209.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.13 Billion | 90.69% |
| Common Stock | $69.87 Million | 5.62% |
| Other Comprehensive Income | $41.04 Million | 3.30% |
| Other Components | $4.83 Million | 0.39% |
| Total Equity | $1.24 Billion | 100.00% |
Melcor Developments Ltd Competitors by Market Cap
The table below lists competitors of Melcor Developments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hua Hsu Advanced Technology Co., Ltd.
TWO:6682
|
$84.91 Million |
|
EASY BIOInc
KQ:353810
|
$84.91 Million |
|
BEO Bancorp
PINK:BEOB
|
$84.94 Million |
|
Hurco Companies Inc
NASDAQ:HURC
|
$84.94 Million |
|
Taiwan Optical Platform Co Ltd
TW:6464
|
$84.88 Million |
|
PDS Limited
NSE:PDSL
|
$84.85 Million |
|
Guanajuato Silver Company Ltd
OTCQX:GSVRF
|
$84.80 Million |
|
Arlandastad Group AB
ST:AGROUP
|
$84.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Melcor Developments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,209,578,000 to 1,242,630,000, a change of 33,052,000 (2.7%).
- Net income of 33,528,000 contributed positively to equity growth.
- Dividend payments of 13,400,000 reduced retained earnings.
- Share repurchases of 4,623,000 reduced equity.
- Other comprehensive income increased equity by 16,379,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $33.53 Million | +2.7% |
| Dividends Paid | $13.40 Million | -1.08% |
| Share Repurchases | $4.62 Million | -0.37% |
| Other Comprehensive Income | $16.38 Million | +1.32% |
| Other Changes | $1.17 Million | +0.09% |
| Total Change | $- | 2.73% |
Book Value vs Market Value Analysis
This analysis compares Melcor Developments Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.21x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.88x to 0.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $1.72 | $8.40 | x |
| 1994-12-31 | $1.95 | $8.40 | x |
| 1995-12-31 | $1.99 | $8.40 | x |
| 1996-12-31 | $2.05 | $8.40 | x |
| 1997-12-31 | $2.28 | $8.40 | x |
| 1998-12-31 | $2.55 | $8.40 | x |
| 1999-12-31 | $2.74 | $8.40 | x |
| 2000-12-31 | $3.06 | $8.40 | x |
| 2001-12-31 | $3.48 | $8.40 | x |
| 2002-12-31 | $4.06 | $8.40 | x |
| 2003-12-31 | $4.48 | $8.40 | x |
| 2004-12-31 | $4.86 | $8.40 | x |
| 2005-12-31 | $6.02 | $8.40 | x |
| 2006-12-31 | $7.47 | $8.40 | x |
| 2007-12-31 | $9.02 | $8.40 | x |
| 2008-12-31 | $9.88 | $8.40 | x |
| 2009-12-31 | $10.86 | $8.40 | x |
| 2010-12-31 | $11.73 | $8.40 | x |
| 2011-12-31 | $18.49 | $8.40 | x |
| 2012-12-31 | $21.22 | $8.40 | x |
| 2013-12-31 | $23.34 | $8.40 | x |
| 2014-12-31 | $27.07 | $8.40 | x |
| 2015-12-31 | $29.48 | $8.40 | x |
| 2016-12-31 | $29.91 | $8.40 | x |
| 2017-12-31 | $30.21 | $8.40 | x |
| 2018-12-31 | $31.97 | $8.40 | x |
| 2019-12-31 | $32.40 | $8.40 | x |
| 2020-12-31 | $32.38 | $8.40 | x |
| 2021-12-31 | $33.61 | $8.40 | x |
| 2022-12-31 | $36.14 | $8.40 | x |
| 2023-12-31 | $38.89 | $8.40 | x |
| 2024-12-31 | $40.51 | $8.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Melcor Developments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.59%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.70x
- Recent ROE (2.70%) is below the historical average (10.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 8.02% | 10.87% | 0.36x | 2.03x | $-1.11 Million |
| 1994 | 9.92% | 14.22% | 0.36x | 1.94x | $-50.00K |
| 1995 | 3.71% | 8.16% | 0.26x | 1.75x | $-4.07 Million |
| 1996 | 5.79% | 11.47% | 0.31x | 1.65x | $-2.83 Million |
| 1997 | 11.56% | 16.80% | 0.40x | 1.74x | $1.15 Million |
| 1998 | 11.98% | 16.81% | 0.38x | 1.90x | $1.60 Million |
| 1999 | 9.11% | 16.74% | 0.30x | 1.79x | $-760.00K |
| 2000 | 11.44% | 17.36% | 0.39x | 1.71x | $1.34 Million |
| 2001 | 14.97% | 19.33% | 0.47x | 1.66x | $5.30 Million |
| 2002 | 18.25% | 20.88% | 0.48x | 1.83x | $10.44 Million |
| 2003 | 13.08% | 23.00% | 0.32x | 1.79x | $4.33 Million |
| 2004 | 12.66% | 22.00% | 0.32x | 1.82x | $4.08 Million |
| 2005 | 22.42% | 25.87% | 0.41x | 2.13x | $23.14 Million |
| 2006 | 24.49% | 28.40% | 0.39x | 2.22x | $34.18 Million |
| 2007 | 22.22% | 30.75% | 0.28x | 2.54x | $35.02 Million |
| 2008 | 13.23% | 37.83% | 0.15x | 2.28x | $10.01 Million |
| 2009 | 7.11% | 17.00% | 0.19x | 2.17x | $-9.43 Million |
| 2010 | 12.58% | 23.34% | 0.24x | 2.26x | $9.23 Million |
| 2011 | 13.59% | 36.94% | 0.18x | 2.04x | $21.52 Million |
| 2012 | 15.20% | 38.20% | 0.19x | 2.10x | $35.95 Million |
| 2013 | 12.82% | 32.47% | 0.18x | 2.25x | $21.70 Million |
| 2014 | 11.17% | 32.18% | 0.17x | 2.07x | $10.59 Million |
| 2015 | 7.77% | 28.85% | 0.14x | 1.93x | $-21.84 Million |
| 2016 | 3.46% | 14.20% | 0.13x | 1.90x | $-65.04 Million |
| 2017 | 3.82% | 14.94% | 0.13x | 1.97x | $-62.33 Million |
| 2018 | 6.02% | 24.03% | 0.13x | 1.90x | $-42.48 Million |
| 2019 | 3.49% | 18.15% | 0.10x | 1.94x | $-70.28 Million |
| 2020 | 1.06% | 5.05% | 0.11x | 1.86x | $-96.28 Million |
| 2021 | 5.04% | 17.84% | 0.15x | 1.89x | $-55.34 Million |
| 2022 | 7.58% | 36.96% | 0.11x | 1.84x | $-28.48 Million |
| 2023 | 5.21% | 19.98% | 0.15x | 1.73x | $-57.98 Million |
| 2024 | 2.70% | 9.59% | 0.17x | 1.70x | $-90.73 Million |
Industry Comparison
This section compares Melcor Developments Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $70,341,271,195
- Average return on equity (ROE) among peers: 2.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Melcor Developments Ltd (MODVF) | $1.25 Billion | 8.02% | 0.65x | $84.89 Million |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $97.99 Million | -3.22% | 0.10x | $7.15 Million |
| Autris (AUTR) | $-34.64K | 0.00% | 0.00x | $1.55K |
| AMREP Corporation (AXR) | $67.40 Million | 1.78% | 1.85x | $79.94 Million |
| Ayala Land Inc (AYAAF) | $242.71 Billion | 13.67% | 1.94x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $226.27K | -1.35% | 0.77x | $0.92 |
| Beijing North Star Company Limited (BEIJF) | $8.23 Billion | 4.12% | 0.79x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $436.84 Billion | 11.28% | 1.44x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $14.13 Billion | 9.67% | 0.21x | $141.49 Million |
| Century Communities Inc (CCS) | $473.64 Million | 10.46% | 1.13x | $1.40 Billion |