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 (-%)
Manual of Stocks™ Web
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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
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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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
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
|
| 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
|
| 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
|
| 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-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
|
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
|
| 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
|
| 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
|
| 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
|
| 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
|
| 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
|
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 |