Macerich Fundamentals

MAC
 Stock
  

USD 12.39  0.08  0.65%   

Macerich Company fundamentals help investors to digest information that contributes to Macerich's financial success or failures. It also enables traders to predict the movement of Macerich Stock. The fundamental analysis module provides a way to measure Macerich's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Macerich stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Macerich Direct Expenses is projected to decrease significantly based on the last few years of reporting. The past year's Direct Expenses was at 356.05 Million. The current year Consolidated Income is expected to grow to about 16.6 M, whereas Interest Expense is forecasted to decline to about 172.5 M.

Macerich EBITDA Analysis

Macerich's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Macerich Earnings Before Interest Taxes and Depreciation Amortization EBITDA

636.75 Million

EBITDA 
 = 
Revenue 
-  
Basic Expenses 
More About EBITDA | All Equity Analysis

Current Macerich EBITDA

    
  525.02 M  
Most of Macerich's fundamental indicators, such as EBITDA, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Macerich Company is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Macerich EBITDA Historical Pattern

Today, most investors in Macerich Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Macerich's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's ebitda growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Macerich ebitda as a starting point in their analysis.
   Macerich EBITDA   
Share
       Timeline  
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Compare to competition

Macerich EBITDA Margin

EBITDA Margin

62.14

Macerich EBITDA Margin is projected to drop based on the last few years of reporting. The past year's EBITDA Margin was at 56.91
According to the company disclosure, Macerich Company reported earnings before interest,tax, depreciation and amortization of 525.02 M. This is 29.29% lower than that of the Equity Real Estate Investment Trusts (REITs) sector and significantly higher than that of the Real Estate industry. The ebitda for all United States stocks is 86.53% higher than that of the company.

Macerich Fundamental Drivers 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 rated top company in current valuation category among related companies. It is considered to be number one stock in target price category among related companies . The ratio of Current Valuation to Target Price for Macerich Company is about  596,084,578 . 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 Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Macerich's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Macerich could also be used in its relative valuation, which is a method of valuing Macerich by comparing valuation metrics of similar companies.
Macerich is currently under evaluation in current valuation category among related companies.

Macerich Current Valuation Drivers

We derive many important indicators used in calculating different scores of Macerich from analyzing Macerich's financial statements. These drivers represent accounts that assess Macerich's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Macerich's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee170.91 K83.59 K131.37 K(342.65 K)22.29 K22.87 K
Revenue Per Employee1.16 M1.34 M1.26 M1.17 M1.32 M1.12 M
Average Assets9.65 B9.08 B8.89 B9.22 B8.77 B10.07 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA541.41 M451.79 M481.74 M144.6 M482.26 M636.75 M
Earnings Before Interest Taxes and Depreciation Amortization USD674.77 M574.06 M574.33 M170.96 M538.29 M636.6 M
Earnings before Tax161.72 M56.42 M98.41 M(230.65 M)21.21 M21.77 M
Average Equity3.81 B3.06 B2.74 B2.44 B2.98 B3 B
Enterprise Value14.17 B11.22 B9.14 B7.19 B8.26 B9.56 B
Free Cash Flow184.24 M107.08 M167.25 M56.53 M178.16 M192.23 M
Invested Capital14.63 B14.24 B14.34 B14.96 B12.91 B12.98 B
Invested Capital Average14.54 B14.25 B14.29 B14.87 B13.53 B15.47 B
Market Capitalization9.25 B6.1 B3.8 B1.59 B3.68 B5.08 B
Tangible Asset Value9.61 B9.03 B8.85 B9.18 B8.35 B8.44 B

Macerich ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Macerich's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Macerich's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Macerich Fundamentals

About Macerich Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Macerich Company's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Macerich using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Macerich Company based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Cost of Revenue380.9 M424.4 M
Revenues847.4 M846.4 M
Revenue to Assets 0.10  0.11 
Revenue Per Employee1.3 M1.1 M

Macerich Investors Sentiment

The influence of Macerich's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Macerich. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Macerich's public news can be used to forecast risks associated with investment in Macerich. The trend in average sentiment can be used to explain how an investor holding Macerich can time the market purely based on public headlines and social activities around Macerich Company. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Macerich's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Macerich's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Macerich's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Macerich.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Macerich in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Macerich's short interest history, or implied volatility extrapolated from Macerich options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Macerich using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Macerich Piotroski F Score and Macerich Altman Z Score 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Macerich Stock analysis

When running Macerich price analysis, check to measure Macerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macerich is operating at the current time. Most of Macerich's value examination focuses on studying past and present price action to predict the probability of Macerich's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Macerich's price. Additionally, you may evaluate how the addition of Macerich to your portfolios can decrease your overall portfolio volatility.
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
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.