The Macerich Company (MAC), Discounted Cash Flow Valuation

Die Macerich Company (MAC) Company Profile

US | Real Estate | REIT - Retail | NYSE
14.68 0.44 (3.09%)
Real-Time Price (USD)
Market Cap A valuation method that multiplies the price of a company's shares by the total number of outstanding shares.
3.71B
Revenue (ttm) The total amount of income generated by the sale of goods or services related to the company's primary operations.
922.64M
Net Income (ttm) The company's earnings for a period net of operating costs, taxes and interest.
-194.31M
Shares Out Total number of common shares outstanding as of the latest date disclosed in a financial filing.
236.62M
EPS (ttm) Company's net earnings or losses from continuing operations on a per diluted share basis.
-2.32
PE Ratio The price-to-earnings (PE) ratio is the ratio between a company's stock price and earnings per share. It measures the price of a stock relative to its profits.
Dividend Yield Measures the cash returned to shareholders by a firm as a percentage of the price they pay for each share of stock.
Exchange Name of stock exchange where the trading item trades.
NYSE
Avg Volume The average number of shares traded each day over the past 30 days.
2.39M
Open The opening trade price over the trading day.
14.31
Previous Close The last closing price.
14.24
Beta A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole.
2.14
1 day delta The range between the high and low prices over the past day.
14.31-14.87
52 weeks The range between the high and low prices over the past 52 weeks.
12.48-22.27

Total Valuation

The Macerich Company has a market cap or net worth of 3.71B. The enterprise value is 8.73B.
Market Cap (ttm) Market Capitalization
A valuation method that multiplies the price of a company's shares by the total number of outstanding shares.
3.71B
Enterprise Value (ttm) Enterprise Value
Enterprise value measures the total value of a company's outstanding shares, adjusted for debt and levels of cash and short-term investments.
Enterprise Value = Market Cap + Total Debt - Cash & Equivalents - Short-Term Investments
8.73B

Valuation Ratios

The trailing PE ratio is -17.88. The Macerich Company's PEG ratio is 0.18.
PE Ratio (ttm) PE Ratio
The price-to-earnings (P/E) ratio is a valuation metric that shows how expensive a stock is relative to earnings.
PE Ratio = Stock Price / Earnings Per Share
-17.88
PS Ratio (ttm) PS Ratio
The price-to-sales (P/S) ratio is a commonly used valuation metric. It shows how expensive a stock is compared to revenue.
PS Ratio = Market Capitalization / Revenue
4.02
PB Ratio (ttm) PB Ratio
The price-to-book (P/B) ratio measures a stock's price relative to book value. Book value is also called Shareholders' equity.
PB Ratio = Market Capitalization / Shareholders' Equity
1.26
P/FCF Ratio (ttm) P/FCF Ratio
The price to free cash flow (P/FCF) ratio is similar to the P/E ratio, except it uses free cash flow instead of accounting earnings.
P/FCF Ratio = Market Capitalization / Free Cash Flow
14
PEG Ratio (ttm) PEG Ratio
The price/earnings to growth (PEG) ratio is calculated by dividing a company's PE ratio by its expected earnings growth.
PEG Ratio = PE Ratio / Expected Earnings Growth
0.18

Enterprise Valuation

The stock's EV/EBITDA ratio is 19.79, with a EV/FCF ratio of 32.96.
EV / Sales (ttm) EV / Sales Ratio
The enterprise value to sales (EV/Sales) ratio is similar to the price-to-sales ratio, but the price is adjusted for the company's debt and cash levels.
EV/Sales Ratio = Enterprise Value / Revenue
9.46
EV / EBITDA (ttm) EV / EBIT Ratio
The EV/EBITDA ratio measures a company's valuation relative to its EBITDA, or Earnings Before Interest, Taxes, Depreciation, and Amortization.
EV/EBITDA Ratio = Enterprise Value / EBITDA
19.79
EV / EBIT (ttm) EV/EBIT Ratio
The EV/EBIT is a valuation metric that measures a company's price relative to EBIT, or Earnings Before Interest and Taxes.
EV/EBIT Ratio = Enterprise Value / EBIT
25.58
EV / FCF (ttm) EV/FCF Ratio
The enterprise value to free cash flow (EV/FCF) ratio is similar to the price to free cash flow ratio, except the price is adjusted for the company's cash and debt.
EV/FCF Ratio = Enterprise Value / Free Cash Flow
32.96

Financial Efficiency

Return on equity (ROE) is -7.73% and return on invested capital (ROIC) is 3.94%.
Return on Equity (ROE) (ttm) Return on Equity (ROE)
Return on equity (ROE) is a profitability metric that shows how efficient a company is at using its equity (or "net" assets) to generate profits. It is calculated by dividing the company's net income by the average shareholders' equity over the past 12 months.
ROE = (Net Income / Average Shareholders' Equity) * 100%
-7.73%
Return on Assets (ROA) (ttm) Return on Assets (ROA)
Return on assets (ROA) is a metric that measures how much profit a company is able to generate using its assets. It is calculated by dividing net income by the average total assets for the past 12 months.
ROA = (Net Income / Average Total Assets) * 100%
-2.27%
Return on Capital (ROIC) (ttm) Return on Capital (ROIC)
Return on invested capital (ROIC) measures how effective a company is at investing its capital in order to increase profits. It is calculated by dividing the EBIT (Earnings Before Interest & Taxes) by the average invested capital in the previous year.
ROIC = (EBIT / Average Invested Capital) * 100%
3.94%
Asset Turnover Asset Turnover
The asset turnover ratio measures the amount of sales relative to a company's assets. It indicates how efficiently the company uses its assets to generate revenue.
Asset Turnover Ratio = Revenue / Average Assets
Inventory Turnover (ttm) Inventory Turnover
The inventory turnover ratio measures how many times inventory has been sold and replaced during a time period.
Inventory Turnover Ratio = Cost of Revenue / Average Inventory
0

Margins

Trailing 12 months gross margin is 50.29%, with operating and profit margins of 32.92% and -21.06%.
Gross Margin (ttm) Gross Margin
Gross margin is the percentage of revenue left as gross profits, after subtracting cost of goods sold from the revenue.
Gross Margin = (Gross Profit / Revenue) * 100%
50.29%
Operating Margin (ttm) Operating Margin
Operating margin is the percentage of revenue left as operating income, after subtracting cost of revenue and all operating expenses from the revenue.
Operating Margin = (Operating Income / Revenue) * 100%
32.92%
Pretax Margin (ttm) Pretax Margin
Pretax margin is the percentage of revenue left as profits before subtracting taxes.
Pretax Margin = (Pretax Income / Revenue) * 100%
-50.07%
Profit Margin (ttm) Profit Margin
Profit margin is the percentage of revenue left as net income, or profits, after subtracting all costs and expenses from the revenue.
Profit Margin = (Net Income / Revenue) * 100%
-21.06%
EBITDA Margin (ttm) EBITDA Margin
EBITDA margin is the percentage of revenue left as EBITDA, after subtracting all expenses except interest, taxes, depreciation and amortization from revenue.
EBITDA Margin = (EBITDA / Revenue) * 100%
47.79%

Income Statement

In the last 12 months, The Macerich Company had revenue of 922.64M and earned -194.31M in profits. Earnings per share (EPS) was -2.32.
Revenue (ttm) Revenue
Revenue is the amount of money a company receives from its main business activities, such as sales of products or services. Revenue is also called sales.
922.64M
Gross Profit (ttm) Gross Profit
Gross profit is a company’s profit after subtracting the costs directly linked to making and delivering its products and services.
Gross Profit = Revenue - Cost of Revenue
464.02M
Operating Income (ttm) Operating Income
Operating income is the amount of profit in a company after paying for all the expenses related to its core operations.
Operating Income = Revenue - Cost of Revenue - Operating Expenses
303.69M
Pretax Income (ttm) Pretax Income
Pretax income is a company's profits before accounting for income taxes.
Pretax Income = Net Income + Income Taxes
-461.98M
Net Income (ttm) Net Income
Net income is a company's accounting profits after subtracting all costs and expenses from the revenue. It is also called earnings, profits or "the bottom line"
Net Income = Revenue - All Expenses
-194.31M
EBITDA (ttm) EBITDA
EBITDA stands for "Earnings Before Interest, Taxes, Depreciation and Amortization." It is a commonly used measure of profitability.
EBITDA = Net Income + Interest + Taxes + Depreciation and Amortization
440.95M
EBIT (ttm) EBIT
EBIT stands for "Earnings Before Interest and Taxes" and is a commonly used measure of earnings or profits. It is similar to operating income.
EBIT = Net Income + Interest + Taxes
143.47M
Earnings Per Share (EPS) (ttm) EPS (Diluted)
Earnings per share is the portion of a company's profit that is allocated to each individual stock. Diluted EPS is calculated by dividing net income by "diluted" shares outstanding.
Diluted EPS = Net Income / Shares Outstanding (Diluted)
-2.32

Financial Position

The company has a trailing 12 months (ttm) current ratio of 0.16, with a ttm Debt / Equity ratio of 1.84.
Current Ratio (ttm) Current Ratio
The current ratio is used to measure a company's short-term liquidity. A low number can indicate that a company will have trouble paying its upcoming liabilities.
Current Ratio = Current Assets / Current Liabilities
0.16
Quick Ratio (ttm) Quick Ratio
The quick ratio measure a company's short-term liquidity. A low number indicates that the company may have trouble paying its upcoming financial obligations.
Quick Ratio = (Cash + Short-Term Investments + Accounts Receivable) / Current Liabilities
0.16
Debt / Equity (ttm) Debt / Equity Ratio
The debt-to-equity ratio measures a company's debt levels relative to its shareholders' equity or book value. A high ratio implies that a company has a lot of debt.
Debt / Equity Ratio = Total Debt / Shareholders' Equity
1.84
Debt / EBIT (ttm) Debt / EBIT Ratio
The debt-to-EBIT ratio is a company's debt levels relative to its trailing twelve-month EBIT. A high ratio implies that debt is high relative to the company's earnings.
Debt / EBIT Ratio = Total Debt / EBIT (ttm)
-1.52

Dividends & Yields

This stock pays an annual dividend of 0.68, which amounts to a dividend yield of 4.63%.
Dividend Per Share (ttm) Dividend Per Share
Total amount paid to each outstanding share in dividends during the period.
0.68
Dividend Yield (ttm) Dividend Yield
The dividend yield is how much a stock pays in dividends each year, as a percentage of the stock price.
Dividend Yield = (Annual Dividends Per Share / Stock Price) * 100%
4.63%
Earnings Yield (ttm) Earnings Yield
The earnings yield is a valuation metric that measures a company's profits relative to stock price, expressed as a percentage yield. It is the inverse of the P/E ratio.
Earnings Yield = (Earnings Per Share / Stock Price) * 100%
-5.59%
FCF Yield (ttm) FCF Yield
The free cash flow (FCF) yield measures a company's free cash flow relative to its price, shown as a percentage. It is the inverse of the P/FCF ratio.
FCF Yield = (Free Cash Flow / Market Cap) * 100%
7.14%
Dividend Growth (YoY) Dividend Growth
The change in dividend payments per share, compared to the previous period.
Dividend Growth = ((Current Dividend / Previous Dividend) - 1) * 100%
6.88%
Payout Ratio (ttm) Payout Ratio
The payout ratio is the percentage of a company's profits that are paid out as dividends. A high ratio implies that the dividend payments may not be sustainable.
Payout Ratio = (Dividends Per Share / Earnings Per Share) * 100%
-79.55%

Balance Sheet

The company has 45.69M in cash and 5.06B in debt, giving a net cash position of -5.02B.
Cash & Cash Equivalents Cash & Cash Equivalents
Cash and cash equivalents is the sum of "Cash & Equivalents" and "Short-Term Investments." This is the amount of money that a company has quick access to, assuming that the cash equivalents and short-term investments can be sold at a short notice.
Cash & Cash Equivalents = Cash & Equivalents + Short-Term Investments
45.69M
Total Debt Total Debt
Total debt is the total amount of liabilities categorized as "debt" on the balance sheet. It includes both current and long-term (non-current) debt.
Total Debt = Current Debt + Long-Term Debt
5.06B
Net Cash Net Cash / Debt
Net Cash / Debt is an indicator of the financial position of a company. It is calculated by taking the total amount of cash and cash equivalents and subtracting the total debt.
Net Cash / Debt = Total Cash - Total Debt
-5.02B
Book Value Shareholders' Equity
Shareholders’ equity is also called book value or net worth. It can be seen as the amount of money held by investors inside the company. It is calculated by subtracting all liabilities from all assets.
Shareholders' Equity = Total Assets - Total Liabilities
2.76B
Book Value Per Share (ttm) Book Value Per Share
Book value per share is the total amount of book value attributable to each individual stock. It is calculated by dividing book value (shareholders' equity) by the number of outstanding shares.
Book Value Per Share = Book Value / Shares Outstanding
12.01
Working Capital (ttm) Working Capital
Working capital is the amount of money available to a business to conduct its day-to-day operations. It is calculated by subtracting total current liabilities from total current assets.
Working Capital = Current Assets - Current Liabilities
-551.88M

Cash Flow

In the last 12 months, operating cash flow of the company was 341.14M and capital expenditures -76.42M, giving a free cash flow of 264.72M.
Operating Cash Flow (ttm) Operating Cash Flow
Operating cash flow, also called cash flow from operating activities, measures the amount of cash that a company generates from normal business activities. It is the amount of cash left after all cash income has been received, and all cash expenses have been paid.
341.14M
Capital Expenditures (ttm) Capital Expenditures
Capital expenditures are also called payments for property, plants and equipment. It measures cash spent on long-term assets that will be used to run the business, such as manufacturing equipment, real estate and others.
-76.42M
Free Cash Flow (ttm) Free Cash Flow
Free cash flow is the cash remaining after the company spends on everything required to maintain and grow the business. It is calculated by subtracting capital expenditures from operating cash flow.
Free Cash Flow = Operating Cash Flow - Capital Expenditures
264.72M
FCF Per Share (ttm) Free Cash Flow Per Share
Free cash flow per share is the amount of free cash flow attributed to each outstanding stock.
FCF Per Share = Free Cash Flow / Shares Outstanding
1.12

The Macerich Company News

Apr 15, 2025 - businesswire.com
MAC Copper Limited Filed 2024 Form 20-F With SEC
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (“MAC” or the “Company”) a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”), filed its Form 20-F for the year ended December 31, 2024 (“2024 Form 20-F”), with the US Securities and Exchange Commission on March 28, 2025. The 2024 Form 20-F can be downloaded from https://maccopperlimited.com/investor-relations/financials/sec-filing....[read more]
Apr 3, 2025 - businesswire.com
MAC Copper Limited Provides Notice of Release of First Quarter 2025 Results and Conference Call Details
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (“MAC” or the “Company”) will release its first quarter 2025 results on Tuesday, April 29, 2025 after market close (New York time) / Wednesday, April 30, 2025 before market open (Sydney time). Conference Call The Company will host a conference call and webcast to discuss the Company's first quarter 2025 results on Tuesday, April 29, 2025 at 7:00 pm (New York time) / Wednesday, April....[read more]
Apr 2, 2025 - zacks.com
Here's Why it is Wise to Retain Macerich Stock in Your Portfolio Now
MAC's portfolio of premium shopping centers, focus on omnichannel retailing and development of mixed-use assets are upsides amid growing e-commerce adoption....[read more]
Mar 21, 2025 - zacks.com
Macerich Ties Up With PenFed for Tysons Corner Center Plaza
In a major boost to Macerich's Tysons Corner brand enhancement, the company agrees upon a multi-year sponsorship arrangement with PenFed....[read more]
Mar 20, 2025 - globenewswire.com
Macerich and PenFed Credit Union Secure Exclusive Sponsorship Agreement for Tysons Corner Center Plaza
Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members Agreement Underscores PenFed Credit Union's Long-Standing Commitment to the Local Community and its Members...[read more]
Mar 13, 2025 - seekingalpha.com
Sell Alert: 2 REITs In Deep Trouble To Avoid
We are facing a challenging environment. Some REITs may not survive it. I discuss two REITs that could be facing significant trouble....[read more]
Mar 12, 2025 - businesswire.com
MAC Copper Simplifies its Debt Structure with Lower Interest Rate and Improved Liquidity
ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (“MAC” or the “Company”) is pleased to announce that it has successfully amended its debt and further simplified its balance sheet through the early repayment of the Sprott mezzanine facility. Overview of the Debt Facilities Old MAC facilities comprised of a US$159 million term loan facility, an undrawn US$25 million revolving credit facility, a US$145 million mezzanine facility1 and....[read more]
Mar 9, 2025 - youtube.com
Estee Lauder: What's Next for the Company That Owns Jo Malone, Bobbi Brown, MAC?
Estée Lauder CEO Stéphane de La Faverie says he is committed to reigniting growth and achieving "solid double-digit margin" for the company. "We need to be reactive to where the consumer goes, and we need to make sure we give them the innovation they are looking for in the time that they want it," he said....[read more]
Mar 7, 2025 - zacks.com
Macerich Announces Pindustry to Anchor HiFi at FlatIron Crossing
MAC announces that Pindustry will anchor its mixed-use outdoor development project, HiFi, adjacent to FlatIron Crossing in Colorado....[read more]
Mar 6, 2025 - globenewswire.com
Macerich Advances HiFi, Outdoor Mixed-Use Development at FlatIron Crossing in Colorado, Names Entertainment Anchor
Strategic Investment in Its Best Properties is Key Aspect of Macerich's Path Forward Plan Strategic Investment in Its Best Properties is Key Aspect of Macerich's Path Forward Plan...[read more]

The Macerich Company Details

Country US
City Santa Monica
Address 401 Wilshire Boulevard
Ticker Symbol MAC
Exchange New York Stock Exchange
IPO Date Mar 10, 1994
CEO Mr. Jackson Hsieh
Sector Real Estate
Industry REIT - Retail
Employees 615

The Macerich Company Company Description

Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 - 2019).

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