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88.12 (1y: +19%)
Market Cap 5.57 B P/E(ttm) 58.70
Enterprise Value 8.4 B P/B
TCO- NYSE (USA)
Taubman Centers, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$88.12
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.005
TCO's Cash to Debt is ranked lower than
83% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. TCO: 0.005 )
TCO' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.08
Current: 0.01
0.01
0.08
Equity to Asset -0.078
TCO's Equity to Asset is ranked lower than
98% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.45 vs. TCO: -0.078 )
TCO' s 10-Year Equity to Asset Range
Min: -0.14   Max: 0.35
Current: -0.08
-0.14
0.35
Interest Coverage 0.8
TCO's Interest Coverage is ranked higher than
80% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.05 vs. TCO: 0.8 )
TCO' s 10-Year Interest Coverage Range
Min: 0   Max: 3
Current: 0.8
0
3
F-Score: 5
Z-Score: 0.83
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 15.20
TCO's Operating margin (%) is ranked lower than
64% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 29.40 vs. TCO: 15.20 )
TCO' s 10-Year Operating margin (%) Range
Min: -13.4   Max: 46.2
Current: 15.2
-13.4
46.2
Net-margin (%) 14.2
TCO's Net-margin (%) is ranked higher than
55% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.30 vs. TCO: 14.2 )
TCO' s 10-Year Net-margin (%) Range
Min: -10.7   Max: 29.9
Current: 14.2
-10.7
29.9
ROA (%) 3.2
TCO's ROA (%) is ranked higher than
73% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.00 vs. TCO: 3.2 )
TCO' s 10-Year ROA (%) Range
Min: -2.3   Max: 5.8
Current: 3.2
-2.3
5.8
ROC (Joel Greenblatt) (%) 2.00
TCO's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. TCO: 2.00 )
TCO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.7   Max: 10.9
Current: 2
-3.7
10.9
EBITDA Growth (%) 41.4
TCO's EBITDA Growth (%) is ranked lower than
85% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -4.20 vs. TCO: 41.4 )
TCO' s 10-Year EBITDA Growth (%) Range
Min: -34.7   Max: 41.4
Current: 41.4
-34.7
41.4
ยป TCO's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

TCO Guru Trades in Q2 2012

Chris Davis 89,127 sh (New)
Ken Heebner 905,000 sh (New)
Steven Cohen 135,794 sh (+465.43%)
Jeremy Grantham 8,300 sh (+176.67%)
Jim Simons 216,500 sh (+69.41%)
Manning & Napier Advisors, Inc 54,260 sh (+21.31%)
Scott Black 99,821 sh (+6.24%)
Louis Moore Bacon Sold Out
» More
Q3 2012

TCO Guru Trades in Q3 2012

Ken Heebner 1,010,000 sh (+11.6%)
Manning & Napier Advisors, Inc 56,160 sh (+3.5%)
Chris Davis 89,508 sh (+0.43%)
Scott Black 99,671 sh (-0.15%)
Jim Simons 216,100 sh (-0.18%)
Jeremy Grantham 5,000 sh (-39.76%)
Steven Cohen 27,488 sh (-79.76%)
» More
Q4 2012

TCO Guru Trades in Q4 2012

Pioneer Investments 15,700 sh (New)
Chris Davis 89,848 sh (+0.38%)
Manning & Napier Advisors, Inc 56,270 sh (+0.2%)
Jeremy Grantham 5,000 sh (unchged)
Ken Heebner 1,000,000 sh (-0.99%)
Jim Simons 197,300 sh (-8.7%)
Scott Black 81,150 sh (-18.58%)
Steven Cohen 8,082 sh (-70.6%)
» More
Q1 2013

TCO Guru Trades in Q1 2013

Jim Simons 583,600 sh (+195.79%)
Pioneer Investments 22,100 sh (+40.76%)
Chris Davis 103,132 sh (+14.78%)
Steven Cohen 9,227 sh (+14.17%)
Manning & Napier Advisors, Inc 56,320 sh (+0.09%)
Ken Heebner Sold Out
Jeremy Grantham Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with TCO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Heebner 2013-03-31 Sold Out 2.1%$75.02 - $82.29 $ 88.1212%0
Ken Heebner 2012-09-30 Add 11.6%0.2%$75.16 - $81.34 $ 88.1212%1010000
Ken Heebner 2012-06-30 New Buy1.7%$70.93 - $79.37 $ 88.1218%905000
Chris Davis 2012-06-30 New Buy0.02%$70.93 - $79.37 $ 88.1218%89127
Ken Heebner 2012-03-31 Sold Out 1.1%$62.03 - $72.37 $ 88.1238%0
Ken Heebner 2011-09-30 Reduce -52.66%0.82%$48.71 - $62.53 $ 88.1254%755000
Chris Davis 2011-09-30 Sold Out 0.0719%$48.71 - $62.53 $ 88.1254%0
Chris Davis 2011-06-30 Reduce -22.85%0.02%$53.02 - $60.57 $ 88.1254%676340
Ken Heebner 2011-03-31 Add 8.87%0.11%$49.96 - $55.48 $ 88.1269%1595000
Chris Davis 2011-03-31 Reduce -20.81%0.02%$49.96 - $55.48 $ 88.1269%876610
Ken Heebner 2010-12-31 Add 442.59%0.89%$44.71 - $50.76 $ 88.1283%1465000
Chris Davis 2010-12-31 Reduce -34.33%0.05%$44.71 - $50.76 $ 88.1283%1106906
Ken Heebner 2010-09-30 New Buy0.2%$35.98 - $46.27 $ 88.12109%270000
Chris Davis 2010-09-30 Reduce -22.22%0.03%$35.98 - $46.27 $ 88.12109%1685613
Ken Heebner 2010-03-31 Sold Out 0.08%$31.66 - $41.93 $ 88.12141%0
Chris Davis 2010-03-31 Reduce -25.74%0.04%$31.66 - $41.93 $ 88.12141%2352668
Premium More recent guru trades are included for Premium Members only!!

Preferred stocks of Taubman Centers, Inc.

SymbolPriceYieldDescription
TCOPRK0.000.00
TCOPRJ0.000.00Cum Red Pfd Shs Series -J-

Ratios

vs
industry		 vs
history
P/E(ttm) 58.70
TCO's P/E(ttm) is ranked higher than
61% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 26.15 vs. TCO: 58.70 )
TCO' s 10-Year P/E(ttm) Range
Min: 6.33   Max: 1.72938E+18
Current: 58.7
6.33
1.72938E+18
P/S 7.14
TCO's P/S is ranked lower than
56% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.20 vs. TCO: 7.14 )
TCO' s 10-Year P/S Range
Min: 0.96   Max: 7.14
Current: 7.14
0.96
7.14
PFCF 20.40
TCO's PFCF is ranked higher than
72% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 25.77 vs. TCO: 20.40 )
TCO' s 10-Year PFCF Range
Min: 3.85   Max: 486.33
Current: 20.4
3.85
486.33
EV-to-EBIT 65.39
TCO's EV-to-EBIT is ranked lower than
71% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 28.60 vs. TCO: 65.39 )
TCO' s 10-Year EV-to-EBIT Range
Min: 9.4   Max: 265.1
Current: 65.39
9.4
265.1
PEG 1.69
TCO's PEG is ranked lower than
86% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.00 vs. TCO: 1.69 )
TCO' s 10-Year PEG Range
Min: 1.16   Max: 52.9
Current: 1.69
1.16
52.9
Shiller P/E 164.1
TCO's Shiller P/E is ranked higher than
71% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 10.60 vs. TCO: 164.1 )
TCO' s 10-Year Shiller P/E Range
Min: 39.82   Max: 1796.33
Current: 164.1
39.82
1796.33

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.14
TCO's Dividend Yield is ranked lower than
80% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. TCO: 2.14 )
TCO' s 10-Year Dividend Yield Range
Min: 2.06   Max: 12.24
Current: 2.14
2.06
12.24
Dividend Payout 1.2
TCO's Dividend Payout is ranked higher than
80% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.24 vs. TCO: 1.2 )
TCO' s 10-Year Dividend Payout Range
Min: 0.5   Max: 6.63
Current: 1.2
0.5
6.63
Dividend growth (3y) 2.7
TCO's Dividend growth (3y) is ranked higher than
91% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -8.45 vs. TCO: 2.7 )
TCO' s 10-Year Dividend growth (3y) Range
Min: 1.5   Max: 9.4
Current: 2.7
1.5
9.4
Yield on cost (5-Year) 2.41
TCO's Yield on cost (5-Year) is ranked lower than
59% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. TCO: 2.41 )
TCO' s 10-Year Yield on cost (5-Year) Range
Min: 2.37   Max: 14.05
Current: 2.41
2.37
14.05
Share Buyback Rate -3
TCO's Share Buyback Rate is ranked higher than
83% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.50 vs. TCO: -3 )
TCO' s 10-Year Share Buyback Rate Range
Min: 1   Max: -3
Current: -3

Valuation & Return

vs
industry		 vs
history
Price/DCF (Projected) 3.9
TCO's Price/DCF (Projected) is ranked higher than
82% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.20 vs. TCO: 3.9 )
TCO' s 10-Year Price/DCF (Projected) Range
Min: 3.3   Max: 29.7
Current: 3.9
3.3
29.7
Price/Median PS Value 2.2
TCO's Price/Median PS Value is ranked higher than
93% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. TCO: 2.2 )
TCO' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.9
Current: 2.2
0.4
1.9
Price/Peter Lynch Fair Value 4.9
TCO's Price/Peter Lynch Fair Value is ranked lower than
84% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.95 vs. TCO: 4.9 )
TCO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 2.1   Max: 11.5
Current: 4.9
2.1
11.5
Earnings Yield (Greenblatt) 1.50
TCO's Earnings Yield (Greenblatt) is ranked higher than
51% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.60 vs. TCO: 1.50 )
TCO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 10.7
Current: 1.5
0.4
10.7
Forward Rate of Return (Yacktman) 22.33
TCO's Forward Rate of Return (Yacktman) is ranked higher than
83% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.64 vs. TCO: 22.33 )
TCO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -20   Max: 33.1
Current: 22.33
-20
33.1

Business Description

Taubman Centers, Inc, is a Michigan corporation, incorporated in 1973. The Company operates as a self-administered and self-managed real estate investment trust (REIT). It owns a managing general partner's interest in The Taubman Realty Group Limited Partnership, through which it conducts all of its operations. Taubman, as managing general partner of the Operating Partnership, is engaged in the ownership, management, leasing, acquisition, development, and expansion of regional shopping centers. Its portfolio is concentrated in productive super-regional shopping centers. The Company's leasing strategy involves assembling a diverse mix of mall tenants in each of the centers in order to attract customers, thereby generating higher sales by mall tenants. It implements an active leasing strategy to increase the centers' productivity and to set minimum rents at higher levels. The Company's main objective is to enhance shareholder value. The Company competes with other major real estate investors; these competitors include other REITs, investment banking firms and private and institutional investors.
Company Website
SEC Reports
Industry: REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY
ยป More Articles for TCO

Headlines

Articles On GuruFocus.com
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Guru Stocks Raising Dividends: BLC, TCO, WMT, EXL, WRI Mar 05 2012 
Taubman Centers Inc. (TCO) Vice Chairman AND CFO Lisa A Payne sells 4,000 Shares Mar 02 2011 
Taubman Centers Inc. (TCO) Vice Chairman AND CFO Lisa A Payne sells 4,000 Shares Feb 01 2011 
Taubman Centers Inc. (TCO) Vice Chairman AND CFO Lisa A Payne sells 4,000 Shares Dec 02 2010 
Taubman Centers Inc. Reports Operating Results (10-Q) Nov 05 2010 
Taubman Centers Inc. (TCO) Vice Chairman AND CFO Lisa A Payne sells 4,000 Shares Nov 03 2010 
Taubman Centers Inc. (TCO) Vice Chairman AND CFO Lisa A Payne sells 4,000 Shares Oct 01 2010 
Ridiculous REITs: SPG, TCO, SKT, O, BFS, PSA, YSI, AVB, CPT, PPS Sep 24 2010 

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