Macerich Stock Financials

MAC
 Stock
  

USD 12.46  0.22  1.74%   

Macerich Net Income Per Employee is projected to decrease significantly based on the last few years of reporting. The past year's Net Income Per Employee was at 22,286. The current year Average Assets is expected to grow to about 10.1 B, whereas Revenue Per Employee is forecasted to decline to about 1.1 M.
  
With this module, you can analyze Macerich financials for your investing period. You should be able to track the changes in Macerich individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Macerich Most Recent Estimates

EPS Estimate Next Quarter
0.04
Diluted Eps
0.24
EPS Estimate Current Year
(0.24) 
EPS Estimate Next Year
(0.09) 
EPS Estimate Current Quarter
(0.02) 
Earnings Share
0.24
Understanding current and past Macerich Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Macerich's financial statements are interrelated, with each one affecting the others. For example, an increase in Macerich's assets may result in an increase in income on the income statement.

Revenues

846.38 Million

The financial analysis of Macerich is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Macerich includes many different criteria found on its balance sheet. For example, investors should never minimize Macerich's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Macerich's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Macerich.

Macerich Cash

Chance Of Financial Distress
Less than 10
Macerich Company has less than 10 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Macerich stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Macerich's official financial statements usually reflect Macerich's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Macerich. For example, before you start analyzing numbers published by Macerich accountants, it's critical to develop an understanding of what Macerich's liquidity, profitability, and earnings quality are in the context of the Equity Real Estate Investment Trusts (REITs) space in which it operates.
Please note, the presentation of Macerich's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Macerich's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Macerich's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Macerich Company. Please utilize our Beneish M Score to check the likelihood of Macerich's management to manipulate its earnings.

Macerich Company Summary

Macerich competes with Brixmor Property, Johnson Johnson, Intel, Verizon Communications, and International Business. 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. A recognized leader in sustainability, Macerich has achieved the 1 GRESB ranking in the North American Retail Sector for five straight years . Macerich operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 6 people.
Specialization
Real Estate, Real Estate
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000912242
ISINUS5543821012
RegionNorth America
Business Address401 Wilshire Boulevard,
SectorEquity Real Estate Investment Trusts (REITs)
IndustryReal Estate
BenchmarkNYSE Composite
Websitewww.macerich.com
Phone310 394 6000
CurrencyUSD - US Dollar
You should never invest in Macerich without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Macerich Stock, because this is throwing your money away. Analyzing the key information contained in Macerich's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Macerich Key Financial Ratios

Generally speaking, Macerich's financial ratios allow both analysts and investors to convert raw data from Macerich's financial statements into concise, actionable information that can be used to evaluate the performance of Macerich over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Macerich reports annually and quarterly.

Macerich Key Balance Sheet Accounts

201720182019202020212022 (projected)
Receivables112.65 M123.49 M144.03 M239.19 M211.36 M168.69 M
Accounts Payable58.41 M59.39 M51.03 M68.83 M59.23 M71.63 M
Total Assets9.61 B9.03 B8.85 B9.18 B8.35 B8.37 B
Current Assets255.76 M272.79 M258.25 M721.85 M378.33 M340.25 M
Cash and Equivalents91.04 M102.71 M100 M465.3 M112.45 M121.83 M
Total Debt5.17 B5.36 B5.6 B6.26 B4.73 B5.52 B
Shareholders Equity3.68 B2.95 B2.63 B2.26 B3.05 B3.59 B
Investments1.71 B1.49 B1.52 B1.34 B1.32 B1.46 B
Total Liabilities5.92 B6.08 B6.22 B6.93 B5.3 B5.32 B
Current Liabilities384.11 M362.44 M316.62 M367.42 M313.83 M416.06 M

Macerich Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Macerich's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201720182019202020212022 (projected)
Direct Expenses395.31 M381 M338.34 M322.79 M356.05 M408.44 M
Consolidated Income161.67 M68.97 M102.55 M(245.46 M)16.16 M16.59 M
Cost of Revenue395.31 M381 M367.95 M347.98 M380.88 M424.38 M
Gross Profit598.35 M579.35 M559.51 M438.05 M466.55 M483.14 M
Interest Expense171.78 M182.96 M138.25 M75.55 M192.68 M172.47 M
Net Income146.13 M60.02 M96.82 M(230.2 M)14.26 M14.64 M
Operating Expenses321.23 M402.79 M365.27 M418.07 M265.44 M219.56 M
Operating Income234.68 M208.38 M206.15 M88.09 M125.37 M181.95 M
Revenues993.66 M960.35 M927.46 M786.03 M847.44 M846.38 M
Income Tax Expense15.59 M(3.6 M)1.59 M(447 K)6.95 M7.5 M

Macerich Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Macerich. It measures of how well Macerich is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Macerich brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Macerich had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Macerich has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(202.15 M)(237.23 M)(187.91 M)(68.3 M)(108.21 M)(116.75 M)
Depreciation Amortization and Accretion341.27 M334.68 M337.67 M326.06 M324.4 M318.75 M
Net Cash Flow or Change in Cash and Cash Equivalents(892 K)6.2 M(35.09 M)368.44 M(315.69 M)(324 M)
Net Cash Flow Business Acquisitions and Disposals150.43 M355.4 M13.45 M(148.23 M)7.08 M7.27 M
Issuance Purchase of Equity Shares(219.56 M)1.57 M1.52 M1.53 M831.59 M897.24 M
Issuance Repayment of Debt Securities210.27 M(54.81 M)199.49 M628.61 M(1.5 B)(1.54 B)
Payment of Dividends and Other Cash Distributions(443.84 M)(453.63 M)(474.53 M)(179.86 M)(143.45 M)(154.77 M)
Net Cash Flow from Financing(566.27 M)(514.44 M)(278.22 M)446.45 M(837.02 M)(859.05 M)
Net Cash Flow from Investing176.87 M176.32 M(112.03 M)(202.85 M)234.97 M253.52 M
Net Cash Flow Investment Acquisitions and Disposals7.07 M1.04 M68.82 M1.3 M1.5 M2.01 M
Net Cash Flow from Operations386.39 M344.31 M355.16 M124.84 M286.37 M346.92 M
Share Based Compensation30.8 M27.37 M12.03 M13.84 M14.27 M16.63 M

Macerich Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Macerich's current stock value. Our valuation model uses many indicators to compare Macerich value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Macerich competition to find correlations between indicators driving Macerich's intrinsic value. More Info.
Macerich Company is considered to be number one stock in short ratio category among related companies. It is considered to be number one stock in return on equity category among related companies . The current year Average Equity is expected to grow to about 3 B. Comparative valuation analysis is a catch-all model that can be used if you cannot value Macerich by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Macerich's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Macerich's earnings, one of the primary drivers of an investment's value.

Macerich Systematic Risk

Macerich's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Macerich volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Macerich correlated with the market. If Beta is less than 0 Macerich generally moves in the opposite direction as compared to the market. If Macerich Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Macerich is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Macerich is generally in the same direction as the market. If Beta > 1 Macerich moves generally in the same direction as, but more than the movement of the benchmark.
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About Macerich Financials

What exactly are Macerich Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Macerich's income statement, its balance sheet, and the statement of cash flows. Potential Macerich investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Macerich investors may use each financial statement separately, they are all related. The changes in Macerich's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Macerich's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Macerich is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Macerich has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Macerich Thematic Clasifications

Macerich Company is part of Top FinTech investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. A collection of large financial service, investment, and banking companies. High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking
Top FinTech Idea
Top FinTechView
This theme covers A collection of large financial service, investment, and banking companies. High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking. Get More Thematic Ideas

Macerich December 9, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Macerich help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Macerich Company. We use our internally-developed statistical techniques to arrive at the intrinsic value of Macerich Company based on widely used predictive technical indicators. In general, we focus on analyzing Macerich Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Macerich's daily price indicators and compare them against related drivers.
Downside Deviation2.83
Information Ratio0.1349
Maximum Drawdown16.81
Value At Risk(3.73)
Potential Upside6.16
Additionally, see Correlation Analysis. Note that the Macerich information on this page should be used as a complementary analysis to other Macerich's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

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Is Macerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macerich. If investors know Macerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
0.031
Return On Assets
0.0092
Return On Equity
(0.0301) 
The market value of Macerich is measured differently than its book value, which is the value of Macerich that is recorded on the company's balance sheet. Investors also form their own opinion of Macerich's value that differs from its market value or its book value, called intrinsic value, which is Macerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macerich's market value can be influenced by many factors that don't directly affect Macerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macerich's value and its price as these two are different measures arrived at by different means. Investors typically determine Macerich value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.