NYSE:MAC (USA) Also trade in: Germany UK

Macerich Co

$ 40.59 -0.95 (-2.29%)
Volume: 995,920 Avg Vol (1m): 1,048,057
Market Cap $: 5.73 Bil Enterprise Value $: 11.23 Bil
P/E (TTM): 57.99 P/B: 2.01
Earnings Power Value -27.02
Net Current Asset Value -41.59
Tangible Book 20.47
Projected FCF 44.58
Median P/S Value 58.07
Graham Number 17.99
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 4/10

GuruFocus Financial Strength Rank measures how strong a company'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.
Current vs industry vs history
Cash-to-Debt 0.02
Cash-To-Debt ranked lower than
69.57% of 598 companies
in the REIT - Retail industry.
Industry Max: 10000, Med: 0.06, Min: 0.01
MAC: 0.02
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.01, Med: 0.02, Max: 0.5
Current: 0.02
0.01
0.5
Equity-to-Asset 0.32
Equity-to-Asset ranked lower than
81.62% of 642 companies
in the REIT - Retail industry.
Industry Max: 1.15, Med: 0.52, Min: -0.31
MAC: 0.32
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.12, Med: 0.22, Max: 0.46
Current: 0.32
0.12
0.46
Debt-to-Equity 1.88
Debt-to-Equity ranked lower than
86.95% of 613 companies
in the REIT - Retail industry.
Industry Max: 131.44, Med: 0.81, Min: 0.01
MAC: 1.88
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.32, Med: 2.87, Max: 6.56
Current: 1.88
0.32
6.56
Debt-to-EBITDA 8.74
Debt-to-EBITDA ranked lower than
77.30% of 608 companies
in the REIT - Retail industry.
Industry Max: 403.53, Med: 5.75, Min: 0.02
MAC: 8.74
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 1.92, Med: 5.45, Max: 9.23
Current: 8.74
1.92
9.23
Interest Coverage 1.27
Interest Coverage ranked lower than
89.74% of 614 companies
in the REIT - Retail industry.
Industry Max: 13686.28, Med: 3.35, Min: 0.05
MAC: 1.27
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 0.67, Med: 1.13, Max: 1.58
Current: 1.27
0.67
1.58
Piotroski F-Score 6
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 0.53
DISTRESS
GREY
SAFE
Beneish M-Score -2.66
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 2.53%
WACC 6.16%

Profitability & Growth : 5/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 22.57
Operating Margin ranked lower than
81.55% of 618 companies
in the REIT - Retail industry.
Industry Max: 26100, Med: 50.42, Min: -1947.83
MAC: 22.57
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 19.75, Med: 22.03, Max: 24.97
Current: 22.57
19.75
24.97
Net Margin % 10.67
Net Margin ranked lower than
88.14% of 649 companies
in the REIT - Retail industry.
Industry Max: 26300, Med: 43.99, Min: -2682.72
MAC: 10.67
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 3.54, Med: 30.38, Max: 135.63
Current: 10.67
3.54
135.63
ROE % 3.33
ROE ranked lower than
87.25% of 651 companies
in the REIT - Retail industry.
Industry Max: 480.34, Med: 7.39, Min: -1081.35
MAC: 3.33
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 0.95, Med: 8.41, Max: 33.28
Current: 3.33
0.95
33.28
ROA % 1.12
ROA ranked lower than
88.57% of 656 companies
in the REIT - Retail industry.
Industry Max: 58.17, Med: 3.68, Min: -33.9
MAC: 1.12
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 0.34, Med: 2.96, Max: 13.51
Current: 1.12
0.34
13.51
3-Year Total Revenue Growth Rate -9.30
3-Year Revenue Growth Rate ranked lower than
77.14% of 560 companies
in the REIT - Retail industry.
Industry Max: 260.2, Med: 2.2, Min: -100
MAC: -5.8
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -20, Med: 2.95, Max: 16.8
Current: -5.8
-20
16.8
3-Year Total EBITDA Growth Rate -21.40
3-Year EBITDA Growth Rate ranked lower than
95.04% of 504 companies
in the REIT - Retail industry.
Industry Max: 792.4, Med: 2.9, Min: -229.9
MAC: -18.4
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -31.6, Med: 4.3, Max: 53.8
Current: -18.4
-31.6
53.8
3-Year EPS w/o NRI Growth Rate -48.50
3-Year EPS w/o NRI Growth Rate ranked lower than
94.74% of 475 companies
in the REIT - Retail industry.
Industry Max: 517.1, Med: 5.6, Min: -150.2
MAC: -48.5
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: -54, Med: 11.95, Max: 84.3
Current: -48.5
-54
84.3

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Business Description

Industry REITs » REIT - Retail    NAICS : 531120    SIC : 6798
Compare TSX:REI.UN NYSE:EPR NYSE:BRX TSE:3462 SGX:C38U TSE:8953 HKSE:02778 TSX:SRU.UN LSE:BLND NYSE:KIM SGX:N2IU NYSE:WRI SGX:T82U LSE:SHB LSE:HMSO NYSE:NNN NYSE:TCO TSX:CHP.UN NYSE:SRG NYSE:RPAI
Traded in other countries M6G.Germany 0JX5.UK
Address 401 Wilshire Boulevard, Suite 700, Santa Monica, CA, USA, 90401
Macerich is an owner and developer of primarily high-quality regional malls, outlets, and shopping center properties throughout the U.S. The firm's current portfolio includes roughly 50 regional retail assets, seven shopping and power centers, and other properties, aggregating approximately 56 million square feet.

Ratios

Current vs industry vs history
PE Ratio (TTM) 57.99
PE Ratio ranked lower than
99.49% of 586 companies
in the REIT - Retail industry.
Industry Max: 570, Med: 15.5, Min: 0.01
MAC: 57.99
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 4.94, Med: 25.97, Max: 653.49
Current: 57.99
4.94
653.49
Forward PE Ratio 109.89
Forward P/E ranked lower than
94.80% of 250 companies
in the REIT - Retail industry.
Industry Max: 222.22, Med: 19.65, Min: 4.77
MAC: 109.89
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 57.99
PE without NRI ranked lower than
99.31% of 581 companies
in the REIT - Retail industry.
Industry Max: 570, Med: 15.6, Min: 0.01
MAC: 57.99
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 5.55, Med: 30.89, Max: 373.58
Current: 57.99
5.55
373.58
Price-to-Owner-Earnings 5.44
Price-to-Owner-Earnings ranked higher than
78.05% of 328 companies
in the REIT - Retail industry.
Industry Max: 1320, Med: 14.08, Min: 0.85
MAC: 5.44
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 5.44, Med: 17.28, Max: 111.84
Current: 5.44
5.44
111.84
PB Ratio 2.01
PB Ratio ranked lower than
92.19% of 640 companies
in the REIT - Retail industry.
Industry Max: 273.33, Med: 1.1, Min: 0.04
MAC: 2.01
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.32, Med: 2.41, Max: 3.76
Current: 2.01
0.32
3.76
PS Ratio 6.02
PS Ratio ranked lower than
59.93% of 614 companies
in the REIT - Retail industry.
Industry Max: 211.74, Med: 7.55, Min: 0.01
MAC: 6.02
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.56, Med: 8.63, Max: 12.06
Current: 6.02
0.56
12.06
Price-to-Free-Cash-Flow 16.48
Price-to-Free-Cash-Flow ranked lower than
67.21% of 366 companies
in the REIT - Retail industry.
Industry Max: 2530, Med: 18.09, Min: 0.07
MAC: 16.48
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 16.48, Med: 23.16, Max: 1060.38
Current: 16.48
16.48
1060.38
Price-to-Operating-Cash-Flow 16.48
Price-to-Operating-Cash-Flow ranked lower than
85.36% of 560 companies
in the REIT - Retail industry.
Industry Max: 435, Med: 14.62, Min: 0.07
MAC: 16.48
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 2.05, Med: 22.81, Max: 38.86
Current: 16.48
2.05
38.86
EV-to-EBIT 40.02
EV-to-EBIT ranked lower than
94.40% of 589 companies
in the REIT - Retail industry.
Industry Max: 1419.39, Med: 19.79, Min: 0.12
MAC: 40.02
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 9.9, Med: 27.8, Max: 63.3
Current: 40.02
9.9
63.3
EV-to-EBITDA 18.24
EV-to-EBITDA ranked lower than
85.19% of 601 companies
in the REIT - Retail industry.
Industry Max: 1267.57, Med: 15.96, Min: 0.12
MAC: 18.24
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 6.1, Med: 16.3, Max: 26.3
Current: 18.24
6.1
26.3
EV-to-Revenue 11.81
EV-to-Revenue ranked lower than
61.69% of 650 companies
in the REIT - Retail industry.
Industry Max: 4424, Med: 12.62, Min: 0.19
MAC: 11.81
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 5.5, Med: 13.8, Max: 18.7
Current: 11.81
5.5
18.7
Shiller PE Ratio 14.17
Shiller PE Ratio ranked higher than
60.52% of 233 companies
in the REIT - Retail industry.
Industry Max: 3251.85, Med: 23.55, Min: 3.32
MAC: 14.17
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 2.8, Med: 26.29, Max: 43.21
Current: 14.17
2.8
43.21
Current Ratio 0.90
Current Ratio ranked higher than
59.08% of 611 companies
in the REIT - Retail industry.
Industry Max: 450.08, Med: 1.11, Min: 0.04
MAC: 0.9
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.09, Med: 0.85, Max: 16.48
Current: 0.9
0.09
16.48
Quick Ratio 0.90
Quick Ratio ranked higher than
60.39% of 611 companies
in the REIT - Retail industry.
Industry Max: 450.08, Med: 1.01, Min: 0.02
MAC: 0.9
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.09, Med: 0.85, Max: 16.48
Current: 0.9
0.09
16.48
Days Sales Outstanding 40.24
Days Sales Outstanding ranked lower than
65.22% of 529 companies
in the REIT - Retail industry.
Industry Max: 968.06, Med: 19.52, Min: 0.03
MAC: 40.24
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 35.28, Med: 45.27, Max: 58.15
Current: 40.24
35.28
58.15
Days Payable 60.38
Days Payable ranked lower than
65.98% of 488 companies
in the REIT - Retail industry.
Industry Max: 12948.81, Med: 118.18, Min: 0.14
MAC: 60.38
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 53.93, Med: 71.16, Max: 95.32
Current: 60.38
53.93
95.32

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 7.36
Trailing Dividend Yield ranked lower than
55.83% of 978 companies
in the REIT - Retail industry.
Industry Max: 543.81, Med: 5.3, Min: 0.13
MAC: 7.36
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 2.69, Med: 4.1, Max: 55.17
Current: 7.36
2.69
55.17
Dividend Payout Ratio 4.20
Dividend Payout Ratio ranked lower than
98.57% of 700 companies
in the REIT - Retail industry.
Industry Max: 63.97, Med: 1.03, Min: 0.01
MAC: 4.2
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.24, Med: 1.32, Max: 7.78
Current: 4.2
0.24
7.78
3-Year Dividend Growth Rate (Per Share) 4.10
3-Year Dividend Growth Rate ranked higher than
51.15% of 436 companies
in the REIT - Retail industry.
Industry Max: 180.2, Med: 4.4, Min: -100
MAC: 4.1
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: -12.7, Med: 4.8, Max: 27
Current: 4.1
-12.7
27
Forward Dividend Yield % 7.22
Forward Dividend Yield ranked lower than
65.40% of 977 companies
in the REIT - Retail industry.
Industry Max: 572.61, Med: 5.84, Min: 0.06
MAC: 7.22
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 9.26
Yield-on-Cost (5y) ranked higher than
55.43% of 976 companies
in the REIT - Retail industry.
Industry Max: 693.19, Med: 6.09, Min: 0.13
MAC: 9.26
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 3.38, Med: 5.16, Max: 69.41
Current: 9.26
3.38
69.41
3-Year Share Buyback Rate 2.90
3-Year Share Buyback Rate ranked higher than
97.24% of 507 companies
in the REIT - Retail industry.
Industry Max: 32.1, Med: -4.9, Min: -581.1
MAC: 2.9
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -20.2, Med: -8.95, Max: 3.8
Current: 2.9
-20.2
3.8

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 1.98
Price-to-Tangible-Book ranked lower than
91.43% of 630 companies
in the REIT - Retail industry.
Industry Max: 273.33, Med: 1.12, Min: 0.05
MAC: 1.98
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.35, Med: 2.55, Max: 4.87
Current: 1.98
0.35
4.87
Price-to-Projected-FCF 0.91
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
62.42% of 298 companies
in the REIT - Retail industry.
Industry Max: 51.01, Med: 1.09, Min: 0.14
MAC: 0.91
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.91, Med: 1.71, Max: 254.43
Current: 0.91
0.91
254.43
Price-to-Median-PS-Value 0.70
Price-to-Median-PS-Value ranked higher than
62.80% of 500 companies
in the REIT - Retail industry.
Industry Max: 85.77, Med: 1.04, Min: 0.04
MAC: 0.7
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.07, Med: 0.79, Max: 1.31
Current: 0.7
0.07
1.31
Price-to-Graham-Number 2.26
Price-to-Graham-Number ranked lower than
98.83% of 515 companies
in the REIT - Retail industry.
Industry Max: 24.57, Med: 0.88, Min: 0.07
MAC: 2.26
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.31, Med: 1.81, Max: 6.42
Current: 2.26
0.31
6.42
Earnings Yield (Joel Greenblatt) % 2.49
Earnings Yield (Greenblatt) ranked lower than
88.39% of 629 companies
in the REIT - Retail industry.
Industry Max: 833.33, Med: 4.84, Min: -142.86
MAC: 2.49
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 1.6, Med: 3.6, Max: 10.1
Current: 2.49
1.6
10.1
Forward Rate of Return (Yacktman) % -8.80
Forward Rate of Return ranked lower than
68.73% of 387 companies
in the REIT - Retail industry.
Industry Max: 59.14, Med: 4.17, Min: -195.16
MAC: -8.8
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -65.4, Med: -4, Max: 24
Current: -8.8
-65.4
24

More Statistics

Revenue (TTM) (Mil) $ 950.14
EPS (TTM) $ 0.7
Beta 1.04
Volatility % 19.48
52-Week Range $ 39.71 - 60.95
Shares Outstanding (Mil) 141.22

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 6
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy N
Less Shares Outstanding yoy N
Higher Gross Margin yoy Y
Higher Asset Turnover yoy Y