NYSE
MAC
Last Price
US $24.89
KEY FIGURES
MKT CAP
$7.1B
EPS
TTM
$-0.71
PEG
TTM
N/M
P/E
TTM
N/M
P/S
TTM
6.37x
YIELD
2.73%
GROWTH
Revenue Y/Y
5.25%
(FY vs FY)
EBITDA Y/Y
Cash Flow (DCF)
Fair Value
Market $24.89
-91.40%
Default assumptions
EBITDA Multiple
Fair Value
Market $24.89
—
Default assumptions
Valuation
Financial
Performance
Financial risk - Cash flow debt coverage.
The Macerich Company cash flow to debt ratio of 6.18% indicates that the company cannot generate enough cash to cover its debt over time. This level indicates weak financial health.
Financial stability - Healthy cash flow growth.
The Macerich Company's free cash flow has increased 13.46% from $283.44M last year to $321.60M, signaling increasing performance
Financial risk - Healthy debt to equity ratio.
The Macerich Company's debt to equity ratio is 2.07, which means that the company's assets are unhealthy financed, signaling financial risk. READ MORE: A ratio over 0.60 means the company finances its assets with debt, signaling financial risk. If ratio is negative, the company spent its own equity and risks bankruptcy
Financial risk - Healthy debt to equity ratio development.
The Macerich Company's debt has increased relative to shareholder equity from 1.84 last year to 2.07 today, signaling weakened financials
Financial risk - Net debt/EBITDA.
The Macerich Company has a net debt to EBITDA ratio of 12.74x, which exceeds the 3.00x threshold, indicating high leverage and potential financial risk
Financial risk - ICR.
The Macerich Company's interest coverage ratio is 0.78, which means that the company struggles to meet interest obligations, signaling financial risk.
Financial stability - Profit margin growth.
The Macerich Company's profit margin has increased (-14.02%) in the last year from -21.14% to -18.18%, signaling increasing performance
Financial risk - Short term assets vs short term liabilities.
The Macerich Company's short-term liabilities of $1.16G exceed its short-term assets of $102.64M, signaling financial risk
Decreasing performance - ROA.
The Macerich Company's return on assets of 0.00% is lower than the 5.00% threshold, indicating inefficient asset utilization
Decreasing performance - Absolute return on equity.
The Macerich Company's return on equity of -7.35%, is lower than 15.00%, indicating bad performance
Decreasing performance - Earnings quality.
The Macerich Company's operating cash flow is lower than its net income, indicating that earnings may not be fully backed by cash generation
Decreasing performance - Earnings stability.
The Macerich Company had positive net income in only 1.00 out of 5 years, indicating unstable earnings
Increasing performance - Free cash flow.
The Macerich Company has positive free cash flow, indicating the company generates cash after capital expenditures
Increasing performance - FCF yield.
The Macerich Company has a free cash flow yield of 4.56%, which is above the 2.00% threshold, indicating strong cash generation relative to market value
Decreasing performance - Healthy earnings growth.
The Macerich Company's yearly earnings has decreased 1.56% since last year from $-194.12M to $-197.15M, signaling decreasing performance
Increasing performance - Healthy revenue growth.
The Macerich Company's yearly revenue has increased 10.58% since last year from $918.20M to $1.02G, signaling increasing performance
Decreasing performance - ROIC.
ROIC 1.99% (Source: FMP key-metrics). Below the 5% partial-credit threshold. Score: 0 of 2. The 5% and 10% cutoffs anchor to typical US weighted-average cost of capital. Below 5% indicates the company is not generating returns above its likely cost of capital under this definition of invested capital. Invested capital here includes equity, non-current liabilities (pension obligations, deferred taxes, lease obligations), and short-term debt. Cash is not subtracted. Companies with substantial float, lease portfolios, or cash holdings will score lower under this definition than under narrower operating-capital definitions. See methodology.
Increasing performance - 3-year revenue CAGR.
The Macerich Company's 3-year revenue CAGR of 5.72% is positive, indicating growing revenue over the past 3 years
Increasing performance - Revenue consistency.
The Macerich Company had revenue growth in 5.00 out of 5 years, indicating consistent revenue performance
Decreasing performance - ROE consistency.
The Macerich Company had positive ROE in only 1.00 out of 5 years, indicating inconsistent returns on equity
Overvalued - DCF valuation.
The Macerich Company is overvalued relative to its fair value price of 2.14 based on Discounted Cash Flow model
Overvalued - Earnings yield.
The Macerich Company has negative trailing-twelve-month earnings; this ratio is not meaningful and the check fails
Overvalued - EBITDA valuation.
The Macerich Company is overvalued relative to its fair value price of 0.00 based on EBITDA multiple model
Overvalued - EV/EBITDA.
The Macerich Company has an EV/EBITDA ratio of 30.17x, which exceeds the 20.00x threshold, indicating the stock may be overvalued relative to its operating earnings
Overvalued - PEG ratio value.
The Macerich Company has negative trailing-twelve-month earnings; this ratio is not meaningful and the check fails
Undervalued - P/B ratio.
The Macerich Company has a price-to-book ratio of 2.56x, which is below the 5.00x threshold, indicating reasonable valuation relative to its book value
Undervalued - P/S ratio.
The Macerich Company has a price-to-sales ratio of 6.37x, which is below the 8.00x threshold, indicating reasonable valuation relative to its revenue
Profit margin
Current Ratio
Capital Returns
-7.35%
Return on equity
ROIC: 1.99%
Valuation History
-34.8X
Price to Earnings
EV/EBITDA: 30.3X
Cash flow
Profit margin
21.06%
(FY vs FY)
Cash flow Y/Y
20.84%
(FY vs FY)
EARNINGS FV (GRAHAM)
Fair Value
Market $24.89
-47.09%
Default assumptions
Base valuations use default assumptions. Customize in the Valuator.