Macerich Co
NYSE:MAC

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Macerich Co
NYSE:MAC
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Price: 20.26 USD 1.71% Market Closed
Market Cap: 4.6B USD
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Relative Value

The Relative Value of one MAC stock under the Base Case scenario is 37.37 USD. Compared to the current market price of 20.26 USD, Macerich Co is Undervalued by 46%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MAC Relative Value
Base Case
37.37 USD
Undervaluation 46%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

4.2
P/S
P/S
Price to Sales
4.2
vs History
11
vs Industry
45
Median 3Y
3.1
Median 5Y
3
Industry
3.6
Forward
5.5
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-16.6
Median 5Y
-10.6
Industry
16.7
Forward
52.7
More Details
16.5
P/OCF
P/OCF
Price to OCF
16.5
vs History
4
vs Industry
31
Median 3Y
8.8
Median 5Y
9
Industry
10.9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
8
Median 3Y
-20.8
Median 5Y
-5.5
Industry
13.3
More Details
1.8
P/B
P/B
Price to Book Value
1.8
vs History
0
vs Industry
20
Median 3Y
1
Median 5Y
1
Industry
0.8
More Details
8.1
EV/S
EV/S
Enterprise Value to Sales
8.1
vs History
58
vs Industry
37
Median 3Y
8
Median 5Y
8.1
Industry
6.6
Forward
10.5
More Details
15.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.1
vs History
47
vs Industry
30
Median 3Y
14.6
Median 5Y
14.6
Industry
11.9
More Details
18
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
18
vs History
19
vs Industry
36
Median 3Y
15.7
Median 5Y
15.6
Industry
15.8
Forward
11.9
More Details
45.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
45.1
vs History
50
vs Industry
10
Median 3Y
44.7
Median 5Y
45.4
Industry
19
Forward
36.8
More Details
31.7
EV/OCF
EV/OCF
Enterprise Value to OCF
31.7
vs History
23
vs Industry
20
Median 3Y
23.4
Median 5Y
26
Industry
18.5
More Details
52.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
52.4
vs History
11
vs Industry
12
Median 3Y
31.5
Median 5Y
34.6
Industry
20.1
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
0
vs Industry
21
Median 3Y
0.9
Median 5Y
0.9
Industry
0.7
More Details

Multiples Across Competitors

MAC Competitors Multiples
Macerich Co Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Macerich Co
NYSE:MAC
4.6B USD 4.2 -94.7 18 45.1
US
Simon Property Group Inc
NYSE:SPG
56B USD 9.5 22.9 18.1 26
US
Realty Income Corp
NYSE:O
46.2B USD 9.2 53.3 16.4 32.2
US
Kimco Realty Corp
NYSE:KIM
14.5B USD 8.1 23.2 19.6 36.6
US
Regency Centers Corp
NASDAQ:REG
13.4B USD 9.3 34.3 20.1 35.7
SG
CapitaLand Integrated Commercial Trust
SGX:C38U
13B 0 0 0 0
AU
Scentre Group
ASX:SCG
18.1B AUD 7.1 42 18.4 18.4
HK
Link Real Estate Investment Trust
HKEX:823
83.1B HKD 5.9 -36.3 13.5 13.5
US
Federal Realty Investment Trust
NYSE:FRT
9.5B USD 8 33.4 18.5 33.8
FR
Klepierre SA
PAR:LI
8B EUR 5.5 11.8 15.5 15.5
US
Brixmor Property Group Inc
NYSE:BRX
8.3B USD 5.2 19.9 13.7 22.1
P/E Multiple
Earnings Growth P/E to Growth
US
Macerich Co
NYSE:MAC
Average P/E: 30.1
Negative Multiple: -94.7 		N/A N/A
US
Simon Property Group Inc
NYSE:SPG
22.9
-4%
N/A
US
Realty Income Corp
NYSE:O
53.3
70%
0.8
US
Kimco Realty Corp
NYSE:KIM
23.2
-16%
N/A
US
Regency Centers Corp
NASDAQ:REG
34.3
14%
2.5
SG
CapitaLand Integrated Commercial Trust
SGX:C38U
Not Available
3%
N/A
AU
Scentre Group
ASX:SCG
42
615%
0.1
HK
Link Real Estate Investment Trust
HKEX:823
Negative Multiple: -36.3 N/A N/A
US
Federal Realty Investment Trust
NYSE:FRT
33.4
21%
1.6
FR
Klepierre SA
PAR:LI
11.8
307%
0
US
Brixmor Property Group Inc
NYSE:BRX
19.9
4%
4.4

See Also

Summary
MAC intrinsic value, competitors valuation, and company profile.
DCF Valuation
MAC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MAC stock valuation using valuation multiples.
Wall Street Estimates
MAC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MAC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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