Macerich Stock Valuation

MAC
 Stock
  

USD 12.97  0.58  4.68%   

Do you wonder what the value of Macerich is? Calculating the true value of any business is not as easy as it may seem. While the market cap of a public entity, such as Macerich, is its stock price multiplied by the total number of shares outstanding, calculating Macerich's enterprise value requires a different approach. It uses Macerich's balance sheet items such as long-term debt, the book value of the preferred stock, minority interest, and other important financials.
The current year Free Cash Flow is expected to grow to about 192.2 M. The current year Enterprise Value is expected to grow to about 9.6 B.
Macerich secures a last-minute Real Value of $16.76 per share. The latest price of the firm is $12.97. At this time, the firm appears to be undervalued. Our model forecasts the value of Macerich from analyzing the firm fundamentals such as Return On Equity of 1.07 %, current valuation of 6.89 B, and Profit Margin of 4.43 % as well as examining its technical indicators and Probability Of Bankruptcy. In general, we recommend taking in undervalued stocks and trading overvalued stocks since, at some point, asset prices and their ongoing real values will merge together.
  
Macerich Valuation Module provides a unique way to ballpark how much the company is worth today. It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. We also take into consideration other essential factors such as Macerich's management style, its c-level domain expertise and tenure, its overall leadership history as well as current capital structure, and future earnings potential.

Macerich Most Recent Valuation Data

Price Book
0.98
Enterprise Value
7.2 B
Enterprise Value Ebitda
13.34
Price Sales
3.3
Forward PE
526.32
Trailing PE
51.63
Undervalued
Today 12.97
Please note that Macerich's price fluctuation is not too volatile at this time. Calculation of the real value of Macerich is based on 3 months time horizon. Increasing Macerich's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Macerich Company is useful when determining the fair value of the Macerich stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Macerich. Since Macerich is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Macerich Stock. However, Macerich's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
16.76
Real Value
20.05
Upside
Estimating the potential upside or downside of Macerich Company helps investors to forecast how Macerich stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Macerich more accurately as focusing exclusively on Macerich's fundamentals will not take into account other important factors:
Earnings
Estimates (8)
LowProjected EPSHigh
1.951.972.01
Details
Hype
Prediction
LowEstimated ValueHigh
9.2812.5715.86
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.360.400.44
Details
10 Analysts
Consensus
LowTarget PriceHigh
14.7519.8027.00
Details
Traditionally analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use Macerich's intrinsic value based on its ongoing forecasts of Macerich's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against Macerich's closest peers. When choosing an evaluation method for Macerich, ensure it is appropriate for the firm given its current financial situation and market classification. If more than one evaluation category is relevant, we suggest using both methods to arrive at a better estimate.

Macerich Investments

1.46 Billion

Macerich Valuation Drivers Correlation

Many accounts on the financial statements of Macerich are highly interrelated and sometimes correlated. Consequently, when conducting Macerich's valuation analysis, one should examine all of the accounts reported to obtain a complete picture of its financial situation. We provide a unique feature to present a conventional correlation table purposely composed against different valuation-related drivers of Macerich
Click cells to compare fundamentals

Macerich Valuation Trend

Knowing Macerich's actual value is paramount for traders to make sound investment determinations. Macerich's real value is not only important for the investor to make better decisions but also for a more accurate overall view of Macerich's financial worth over time since having this information enables investors and analysts to forecast the earnings more efficiently. Using both Macerich's enterprise value as well as its market capitalization is the best way to gauging the value of the company and is usually enough for investors to make market timing descisions.

Macerich Market Cap

Macerich Company is considered to be number one stock in market capitalization category among related companies. Market capitalization of REIT—Retail industry is now estimated at about 159.97 Billion. Macerich claims roughly 2.81 Billion in market capitalization contributing just under 2% to equities listed under REIT—Retail industry.
Capitalization  Total debt  Workforce  Valuation  Revenue

Macerich Valuation Ratios as Compared to Competition

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 last dividend paid category among related companies. It is considered to be number one stock in price to book category among related companies fabricating about  1.45  of Price to Book per Last Dividend Paid. The current year Price to Book Value is expected to grow to 1.50. 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.
Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates Macerich's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in Macerich and how it compares across the competition.

About Macerich Valuation

The stock valuation mechanism determines the current worth of Macerich Company on a weekly basis. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of Macerich Company. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Macerich based exclusively on its fundamental and basic technical indicators. By analyzing Macerich's financials, quarterly and monthly indicators, and its related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Macerich's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Macerich. We calculate exposure to Macerich's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Macerich's related companies.
Fiscal Year End
December
Industry
REIT-Retail
Concentration
Retail REITs
Full Time Employees
639.0
Service Category
Equity Real Estate Investment Trusts (REITs)
Employer Id Number
95-4448705
Last ReportedProjected for 2022
Gross Profit466.6 M483.1 M
Profit Margin 1.68  1.73 
Macerich's stock price is the clearest measure of market expectations about its performance. Without stock valuation, investors cannot independently discern whether Macerich's value is low or high relative to the company's performance and growth projections. Determining the market value of Macerich can be done in different ways, such as multiplying its stock price by its outstanding shares.
A single share of Macerich represents a small ownership stake in the entity. As a stockholder of Macerich, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.

Macerich Dividends Analysis For Valuation

Macerich Dividend Yield is projected to increase slightly based on the last few years of reporting. The past year's Dividend Yield was at 0.035. The current year Dividends per Basic Common Share is expected to grow to 0.62, whereas Payment of Dividends and Other Cash Distributions is forecasted to decline to (154.8 M). . Macerich Earning Before Interest and Taxes EBIT is projected to decrease significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 213.89 Million. The current year Earnings per Basic Share is expected to grow to 0.07, whereas Accumulated Retained Earnings Deficit are forecasted to decline to (2.5 B).
Last ReportedProjected for 2022
Payment of Dividends and Other Cash Distributions-143.4 M-154.8 M
Dividend Yield 0.035  0.05 
Dividends per Basic Common Share 0.60  0.62 
There are various types of dividends Macerich can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of Macerich shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from Macerich Company directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When Macerich pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of Macerich by the value of the dividends paid out.

Macerich Valuation Growth Rates

Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines. Note, investing in growth stocks can be very risky. If the company such as Macerich does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
Quick Ratio0.38
Revenue Growth-10.60%
Payout Ratio250.00%
Enterprise Value To Ebitda15.99
Enterprise Value To Revenue8.23

Macerich Current Valuation Indicators

Valuation refers to the process of determining the present value of Macerich Company and all of its assets. It can be calculated using a number of techniques. As many analysts who try to value Macerich we look at many different elements of the entity such as Macerich's management, its prospective future earnings, the current market value of the company's assets, as well as its capital structure formation. Macerich's valuation analysis is also a process of estimating the intrinsic value of all assets and outstanding equities. There are different methodologies and models we use to develop the final Macerich's valuation. The techniques such as discounted cash flow and fundamental indicators such as book value per share or market capitalization are well known and widely used across most financial advisers and money managers.
Valuations are an essential part of business, for companies themselves, but also for investors. For companies, such as Macerich, valuations can help measure their progress and success and can help them track their performance in the market compared to others. In addition, investors can use Macerich's valuations to help determine the worth of potential investments. They can do this by using data and information made public by a company. Regardless of who the valuation is for, it essentially describes Macerich's worth.
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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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.
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.