Macerich Z Score

MAC
 Stock
  

USD 12.52  0.04  0.32%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Additionally, see Macerich Piotroski F Score and Macerich Valuation analysis.
  
Macerich Return on Invested Capital is projected to slightly decrease based on the last few years of reporting. The past year's Return on Invested Capital was at 0.016. The current year Invested Capital is expected to grow to about 13 B, whereas Capital Expenditure is forecasted to decline to (116.7 M). 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 Z Score Analysis

Macerich's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Interest Expense138.25 M75.55 M192.68 M172.47 M
Gross Profit559.51 M438.05 M466.55 M483.14 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Macerich Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Macerich is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Macerich's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Macerich's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Macerich's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Macerich Company has a Z Score of 0.0. This is 100.0% lower than that of the Equity Real Estate Investment Trusts (REITs) sector and about the same as Real Estate (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

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 Institutional Holders

Institutional Holdings refers to the ownership stake in Macerich that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Macerich's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Macerich's value.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares65.6 K521 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares62.6 K545 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares66.6 KM
Zurcher Kantonalbank Zurich CantonalbankCommon Shares68.8 K1.2 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares57.7 K965 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares49.5 K904 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares42.3 K495 K

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.
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.

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Our tools can tell you how much better you can do entering a position in Macerich without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Macerich Piotroski F Score and Macerich Valuation 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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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.