Macerich

NYSE
MAC
Stock
Yield per half year: -28.86%
Dividend yield: 4.08%
Sector: Real Estate

Company Analysis Macerich

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1. Summary

Advantages

  • Price (14.89 $) is less than fair price (16.75 $)
  • Dividends (4.08%) are higher than the sector average (3.3%).
  • The stock's return over the last year (-0.4679%) is higher than the sector average (-47.78%).

Disadvantages

  • Current debt level 59.12% has increased over 5 years from 1.29%.
  • The company's current efficiency (ROE=-7.46%) is lower than the sector average (ROE=1.96%)

Similar companies

Iron Mountain

Boston Properties

Jones Lang LaSalle Incorporated (JLL)

Realty Income

2. Share price and performance

2.1. Share price

2.3. Market efficiency

Macerich Real Estate Index
7 days -6.2% -39.1% 0.8%
90 days -24.8% -14.5% 7.2%
1 year -0.5% -47.8% 12.2%

MAC vs Sector: Macerich has outperformed the "Real Estate" sector by 47.31% over the past year.

MAC vs Market: Macerich has significantly underperformed the market by -12.66% over the past year.

Stable price: MAC is not significantly more volatile than the rest of the market on "New York Stock Exchange" over the last 3 months, with typical variations of +/- 5% per week.

Long period: MAC with weekly volatility of -0.009% over the past year.

3. Summary of the report

3.1. General

P/E: 16.74
P/S: 4.82

3.2. Revenue

EPS -0.875
ROE -7.46%
ROA -2.41%
ROIC 2.51%
Ebitda margin 35.6%

4. Fundamental Analysis

4.1. Stock price and price forecast

The fair price is calculated taking into account the Central Bank refinancing rate and earnings per share (EPS)

Below fair price: The current price (14.89 $) is lower than the fair price (16.75 $).

Price not significantly lower than the fair price: The current price (14.89 $) is slightly lower than the fair price by 12.5%.

4.2. P/E

P/E vs Sector: The company's P/E (16.74) is lower than that of the sector as a whole (72.51).

P/E vs Market: The company's P/E (16.74) is lower than that of the market as a whole (62.2).

4.2.1 P/E Similar companies

4.3. P/BV

P/BV vs Sector: The company's P/BV (1.56) is higher than that of the sector as a whole (-8.76).

P/BV vs Market: The company's P/BV (1.56) is lower than that of the market as a whole (20.84).

4.3.1 P/BV Similar companies

4.4. P/S

P/S vs Sector: The company's P/S indicator (4.82) is lower than that of the sector as a whole (8.19).

P/S vs Market: The company's P/S indicator (4.82) is lower than that of the market as a whole (16.02).

4.4.1 P/S Similar companies

4.5. EV/Ebitda

EV/Ebitda vs Sector: The company's EV/Ebitda (28.76) is lower than that of the sector as a whole (153.36).

EV/Ebitda vs Market: The company's EV/Ebitda (28.76) is higher than that of the market as a whole (27.16).

5. Profitability

5.1. Profitability and revenue

5.2. Earnings per share - EPS

5.3. Past profitability Net Income

Yield Trend: Negative and has fallen by -4.19% over the last 5 years.

Accelerating profitability: The return for the last year (0%) exceeds the average return for 5 years (-4.19%).

Profitability vs Sector: The return for the last year (0%) exceeds the return for the sector (-7.74%).

5.4. ROE

ROE vs Sector: The company's ROE (-7.46%) is lower than that of the sector as a whole (1.96%).

ROE vs Market: The company's ROE (-7.46%) is lower than that of the market as a whole (43.08%).

5.5. ROA

ROA vs Sector: The company's ROA (-2.41%) is lower than that of the sector as a whole (2.97%).

ROA vs Market: The company's ROA (-2.41%) is lower than that of the market as a whole (23.27%).

5.6. ROIC

ROIC vs Sector: The company's ROIC (2.51%) is lower than that of the sector as a whole (6.96%).

ROIC vs Market: The company's ROIC (2.51%) is lower than that of the market as a whole (9.29%).

6. Finance

6.1. Assets and debt

Debt level: (59.12%) is quite low in relation to assets.

Increasing debt: over 5 years, the debt has increased from 1.29% to 59.12%.

Excess of debt: The debt is not covered by net income, percentage -2608.97%.

6.2. Profit growth and share price

7. Dividends

7.1. Dividend yield vs Market

High yield: The dividend yield of the company 4.08% is higher than the average for the sector '3.3%.

7.2. Stability and increase in payments

Dividend stability: The company's dividend yield 4.08% has been steadily paid over the past 7 years, DSI=0.86.

Weak dividend growth: The company's dividend yield 4.08% has been growing weakly or stagnant over the past 5 years. Growth over only 0 years.

7.3. Payout percentage

Dividend Coverage: Current payments from income (250%) are at an uncomfortable level.

8. Insider trades

8.1. Insider trading

Insider Buying Exceeds insider sales by 100% over the last 3 months.

8.2. Latest transactions

No insider transactions have been recorded yet

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9. Stocks forum Macerich

9.3. Comments