Macerich Piotroski F Score

MAC
 Stock
  

USD 12.52  0.04  0.32%   

This module uses fundamental data of Macerich to approximate its Piotroski F score. Macerich F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Macerich Company. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Macerich financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see Macerich Altman Z Score, Macerich Correlation, Macerich Valuation, as well as analyze Macerich Alpha and Beta and Macerich Hype Analysis.
  
The current year Total Debt is expected to grow to about 5.5 B, whereas Issuance Repayment of Debt Securities is forecasted to decline to (1.5 B). Macerich Interest Coverage is projected to increase slightly based on the last few years of reporting. The past year's Interest Coverage was at 0.65. The current year Calculated Tax Rate is expected to grow to 90.90, whereas Long Term Debt to Equity is forecasted to decline to 1.43.
At this time, it appears that Macerich's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Macerich Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Macerich is to make sure Macerich is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Macerich's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Macerich's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted165.4 M198.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares165.4 M198.1 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.160.1627
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations346.9 M286.4 M
Fairly Up
Decreasing
Very volatile
Current Liabilities416.1 M313.8 M
Significantly Up
Decreasing
Stable
Total Liabilities5.3 B5.3 B
Slightly Up
Increasing
Stable
Gross Margin55.6157.9855
Sufficiently Down
Increasing
Stable
Total Debt5.5 B4.7 B
Fairly Up
Increasing
Slightly volatile
Asset Turnover0.110.0967
Fairly Up
Decreasing
Stable
Current Assets340.3 M378.3 M
Moderately Down
Increasing
Very volatile
Total Assets8.4 B8.3 B
Slightly Up
Decreasing
Very volatile

Macerich F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Macerich's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Macerich in a much-optimized way.

About Macerich Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

165.37 Million

Macerich Weighted Average Shares is projected to increase significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 198.07 Million

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

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.
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.
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.

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Additionally, see Macerich Altman Z Score, Macerich Correlation, Macerich Valuation, as well as analyze Macerich Alpha and Beta and Macerich Hype 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market 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.
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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.
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.