The Macerich Company Logo

The Macerich Company

MAC

(1.5)
Stock Price

17,00 USD

-4.38% ROA

-10.53% ROE

-10.17x PER

Market Cap.

3.376.070.160,00 USD

179.68% DER

4.34% Yield

-30.97% NPM

The Macerich Company Stock Analysis

The Macerich Company Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

The Macerich Company Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (1x) suggests it's undervalued, making it an attractive opportunity for investors.

2 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

3 Graham Number

The company's Graham number suggests that its stock price is underestimated, implying that it may present a compelling investment opportunity.

4 Dividend Growth

The company's dividend growth has been consistently strong over the past three years, with annual increases that demonstrate its commitment to rewarding shareholders.

5 ROE

The stock's ROE indicates a negative return (-12.3%) on shareholders' equity, suggesting poor financial performance.

6 ROA

The stock's ROA (-4.38%) indicates that it's not effectively utilizing its assets to generate profits, making it a less favorable option to invest and earn consistent returns.

7 DER

The stock is burdened with a heavy load of debt (180%), making it financially unstable and potentially risky for investors.

8 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

9 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

10 Assets Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

11 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock seems overpriced (-71), indicating a potential drawback for investors as its market price exceeds its estimated intrinsic value.

The Macerich Company Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

The Macerich Company Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

The Macerich Company Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

The Macerich Company Revenue
Year Revenue Growth
1994 74.500.000
1995 105.700.000 29.52%
1996 155.059.000 31.83%
1997 221.214.000 29.91%
1998 283.861.000 22.07%
1999 327.444.000 13.31%
2000 320.092.000 -2.3%
2001 334.573.000 4.33%
2002 378.924.000 11.7%
2003 486.004.000 22.03%
2004 547.268.000 11.19%
2005 767.385.000 28.68%
2006 829.656.000 7.51%
2007 896.368.000 7.44%
2008 439.847.000 -103.79%
2009 805.654.000 45.4%
2010 758.559.000 -6.21%
2011 791.250.000 4.13%
2012 881.323.000 10.22%
2013 1.029.475.000 14.39%
2014 1.105.247.000 6.86%
2015 1.288.149.000 14.2%
2016 1.041.271.000 -23.71%
2017 993.662.000 -4.79%
2018 960.351.000 -3.47%
2019 927.462.000 -3.55%
2020 786.026.000 -17.99%
2021 847.437.000 7.25%
2022 859.164.000 1.36%
2023 872.608.000 1.54%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

The Macerich Company Research and Development Expenses
Year Research and Development Expenses Growth
1994 0
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

The Macerich Company General and Administrative Expenses
Year General and Administrative Expenses Growth
1994 1.500.000
1995 2.000.000 25%
1996 2.378.000 15.9%
1997 2.759.000 13.81%
1998 4.373.000 36.91%
1999 5.488.000 20.32%
2000 5.509.000 0.38%
2001 6.780.000 18.75%
2002 8.270.000 18.02%
2003 10.724.000 22.88%
2004 11.077.000 3.19%
2005 12.106.000 8.5%
2006 13.532.000 10.54%
2007 16.600.000 18.48%
2008 16.520.000 -0.48%
2009 25.933.000 36.3%
2010 20.703.000 -25.26%
2011 21.113.000 1.94%
2012 20.412.000 -3.43%
2013 27.772.000 26.5%
2014 29.412.000 5.58%
2015 29.870.000 1.53%
2016 28.217.000 -5.86%
2017 28.240.000 0.08%
2018 24.160.000 -16.89%
2019 22.634.000 -6.74%
2020 30.339.000 25.4%
2021 30.056.000 -0.94%
2022 27.164.000 -10.65%
2023 23.640.000 -14.91%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

The Macerich Company EBITDA
Year EBITDA Growth
1994 135.100.000
1995 189.300.000 28.63%
1996 134.480.000 -40.76%
1997 147.554.000 8.86%
1998 189.497.000 22.13%
1999 221.629.000 14.5%
2000 212.909.000 -4.1%
2001 192.475.000 -10.62%
2002 245.149.000 21.49%
2003 291.513.000 15.9%
2004 336.265.000 13.31%
2005 461.522.000 27.14%
2006 509.721.000 9.46%
2007 529.051.000 3.65%
2008 185.884.000 -184.61%
2009 255.905.000 27.36%
2010 520.259.000 50.81%
2011 739.722.000 29.67%
2012 772.196.000 4.21%
2013 710.311.000 -8.71%
2014 2.108.178.000 66.31%
2015 841.573.000 -150.5%
2016 650.667.000 -29.34%
2017 642.028.000 -1.35%
2018 607.591.000 -5.67%
2019 585.383.000 -3.79%
2020 217.372.000 -169.3%
2021 452.186.000 51.93%
2022 436.391.000 -3.62%
2023 12.516.000 -3386.67%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

The Macerich Company Gross Profit
Year Gross Profit Growth
1994 74.500.000
1995 105.700.000 29.52%
1996 155.059.000 31.83%
1997 221.214.000 29.91%
1998 283.861.000 22.07%
1999 327.444.000 13.31%
2000 320.092.000 -2.3%
2001 334.573.000 4.33%
2002 378.924.000 11.7%
2003 486.004.000 22.03%
2004 508.970.000 4.51%
2005 714.546.000 28.77%
2006 730.162.000 2.14%
2007 822.607.000 11.24%
2008 75.698.000 -986.7%
2009 468.175.000 83.83%
2010 422.267.000 -10.87%
2011 448.846.000 5.92%
2012 515.182.000 12.88%
2013 606.219.000 15.02%
2014 663.318.000 8.61%
2015 815.994.000 18.71%
2016 635.325.000 -28.44%
2017 598.351.000 -6.18%
2018 579.347.000 -3.28%
2019 559.509.000 -3.55%
2020 438.047.000 -27.73%
2021 466.553.000 6.11%
2022 468.811.000 0.48%
2023 466.016.000 -0.6%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

The Macerich Company Net Profit
Year Net Profit Growth
1994 8.600.000
1995 11.300.000 23.89%
1996 18.911.000 40.25%
1997 22.046.000 14.22%
1998 44.075.000 49.98%
1999 129.011.000 65.84%
2000 56.929.000 -126.62%
2001 77.723.000 26.75%
2002 81.382.000 4.5%
2003 128.034.000 36.44%
2004 91.633.000 -39.72%
2005 71.686.000 -27.83%
2006 252.358.000 71.59%
2007 96.540.000 -161.4%
2008 93.831.000 -2.89%
2009 120.742.000 22.29%
2010 25.190.000 -379.33%
2011 156.866.000 83.94%
2012 337.426.000 53.51%
2013 420.090.000 19.68%
2014 1.499.042.000 71.98%
2015 487.562.000 -207.46%
2016 516.995.000 5.69%
2017 146.130.000 -253.79%
2018 60.020.000 -143.47%
2019 96.820.000 38.01%
2020 -245.462.000 139.44%
2021 14.263.000 1820.97%
2022 -65.079.000 121.92%
2023 -1.050.188.000 93.8%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

The Macerich Company Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1994 1
1995 1 0%
1996 1 0%
1997 1 0%
1998 1 100%
1999 3 66.67%
2000 1 -200%
2001 2 0%
2002 2 0%
2003 2 50%
2004 1 -100%
2005 1 0%
2006 3 100%
2007 1 0%
2008 1 100%
2009 1 0%
2010 0 0%
2011 1 100%
2012 2 50%
2013 159.023 100%
2014 9 -1766822.22%
2015 3 -200%
2016 4 0%
2017 1 -200%
2018 0 0%
2019 1 0%
2020 -2 100%
2021 0 0%
2022 0 0%
2023 -5 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

The Macerich Company Free Cashflow
Year Free Cashflow Growth
1994 -86.000.000
1995 -30.800.000 -179.22%
1996 -205.827.000 85.04%
1997 -136.781.000 -50.48%
1998 -442.487.000 69.09%
1999 -77.548.000 -470.6%
2000 70.773.000 209.57%
2001 72.353.000 2.18%
2002 -342.565.000 121.12%
2003 -93.990.000 -264.47%
2004 -335.433.000 71.98%
2005 63.454.000 628.62%
2006 -611.053.000 110.38%
2007 -717.730.000 14.86%
2008 -302.110.000 -137.57%
2009 -76.593.000 -294.44%
2010 14.646.000 622.96%
2011 -9.726.000 250.59%
2012 -928.419.000 98.95%
2013 -304.569.000 -204.83%
2014 133.343.000 328.41%
2015 175.958.000 24.22%
2016 158.027.000 -11.35%
2017 184.239.000 14.23%
2018 107.080.000 -72.06%
2019 355.157.000 69.85%
2020 124.837.000 -184.5%
2021 286.368.000 56.41%
2022 337.510.000 15.15%
2023 1.630 -20706034.97%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

The Macerich Company Operating Cashflow
Year Operating Cashflow Growth
1994 30.300.000
1995 44.900.000 32.52%
1996 80.431.000 44.18%
1997 78.476.000 -2.49%
1998 85.176.000 7.87%
1999 139.576.000 38.98%
2000 121.220.000 -15.14%
2001 140.506.000 13.73%
2002 206.225.000 31.87%
2003 261.680.000 21.19%
2004 194.379.000 -34.62%
2005 235.296.000 17.39%
2006 211.850.000 -11.07%
2007 326.070.000 35.03%
2008 251.947.000 -29.42%
2009 120.890.000 -108.41%
2010 200.435.000 39.69%
2011 237.285.000 15.53%
2012 351.296.000 32.45%
2013 422.035.000 16.76%
2014 400.706.000 -5.32%
2015 540.377.000 25.85%
2016 417.506.000 -29.43%
2017 386.389.000 -8.05%
2018 344.311.000 -12.22%
2019 355.157.000 3.05%
2020 124.837.000 -184.5%
2021 286.368.000 56.41%
2022 337.510.000 15.15%
2023 1.630 -20706034.97%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

The Macerich Company Capital Expenditure
Year Capital Expenditure Growth
1994 116.300.000
1995 75.700.000 -53.63%
1996 286.258.000 73.56%
1997 215.257.000 -32.98%
1998 527.663.000 59.21%
1999 217.124.000 -143.02%
2000 50.447.000 -330.4%
2001 68.153.000 25.98%
2002 548.790.000 87.58%
2003 355.670.000 -54.3%
2004 529.812.000 32.87%
2005 171.842.000 -208.31%
2006 822.903.000 79.12%
2007 1.043.800.000 21.16%
2008 554.057.000 -88.39%
2009 197.483.000 -180.56%
2010 185.789.000 -6.29%
2011 247.011.000 24.79%
2012 1.279.715.000 80.7%
2013 726.604.000 -76.12%
2014 267.363.000 -171.77%
2015 364.419.000 26.63%
2016 259.479.000 -40.44%
2017 202.150.000 -28.36%
2018 237.231.000 14.79%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

The Macerich Company Equity
Year Equity Growth
1994 86.900.000
1995 158.300.000 45.1%
1996 237.749.000 33.42%
1997 216.295.000 -9.92%
1998 577.413.000 62.54%
1999 620.286.000 6.91%
2000 362.272.000 -71.22%
2001 348.954.000 -3.82%
2002 797.798.000 56.26%
2003 953.485.000 16.33%
2004 913.533.000 -4.37%
2005 827.108.000 -10.45%
2006 1.542.305.000 46.37%
2007 1.312.634.000 -17.5%
2008 1.364.299.000 3.79%
2009 1.857.571.000 26.55%
2010 2.890.279.000 35.73%
2011 2.813.337.000 -2.73%
2012 3.077.529.000 8.58%
2013 3.358.749.000 8.37%
2014 5.640.120.000 40.45%
2015 4.715.414.000 -19.61%
2016 4.105.887.000 -14.85%
2017 3.681.578.000 -11.53%
2018 3.188.432.000 -15.47%
2019 2.830.970.000 -12.63%
2020 2.445.260.000 -15.77%
2021 3.176.149.000 23.01%
2022 2.949.349.000 -7.69%
2023 2.498.372.000 -18.05%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

The Macerich Company Assets
Year Assets Growth
1994 485.900.000
1995 763.400.000 36.35%
1996 1.187.753.000 35.73%
1997 1.505.002.000 21.08%
1998 2.322.056.000 35.19%
1999 2.404.293.000 3.42%
2000 2.337.242.000 -2.87%
2001 2.294.502.000 -1.86%
2002 3.662.080.000 37.34%
2003 4.145.593.000 11.66%
2004 4.637.096.000 10.6%
2005 7.178.944.000 35.41%
2006 7.562.163.000 5.07%
2007 8.121.134.000 6.88%
2008 8.090.435.000 -0.38%
2009 7.252.471.000 -11.55%
2010 7.645.010.000 5.13%
2011 7.938.549.000 3.7%
2012 9.311.209.000 14.74%
2013 9.075.250.000 -2.6%
2014 13.121.778.000 30.84%
2015 11.258.576.000 -16.55%
2016 9.958.148.000 -13.06%
2017 9.605.862.000 -3.67%
2018 9.026.808.000 -6.41%
2019 8.853.571.000 -1.96%
2020 9.184.005.000 3.6%
2021 8.345.655.000 -10.05%
2022 8.094.139.000 -3.11%
2023 7.588.105.000 -6.67%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

The Macerich Company Liabilities
Year Liabilities Growth
1994 326.600.000
1995 509.400.000 35.89%
1996 837.762.000 39.2%
1997 1.188.244.000 29.5%
1998 1.579.119.000 24.75%
1999 1.626.408.000 2.91%
2000 1.854.470.000 12.3%
2001 1.831.562.000 -1.25%
2002 2.642.785.000 30.7%
2003 2.954.493.000 10.55%
2004 3.502.248.000 15.64%
2005 6.067.027.000 42.27%
2006 5.632.675.000 -7.71%
2007 6.469.800.000 12.94%
2008 6.460.075.000 -0.15%
2009 5.124.005.000 -26.07%
2010 4.445.648.000 -15.26%
2011 4.773.898.000 6.88%
2012 5.894.958.000 19.02%
2013 5.356.533.000 -10.05%
2014 7.081.929.000 24.36%
2015 6.187.337.000 -14.46%
2016 5.530.980.000 -11.87%
2017 5.637.863.000 1.9%
2018 5.838.376.000 3.43%
2019 6.022.601.000 3.06%
2020 6.738.745.000 10.63%
2021 5.169.506.000 -30.36%
2022 5.144.790.000 -0.48%
2023 5.089.733.000 -1.08%

The Macerich Company Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4.05
Net Income per Share
-1.54
Price to Earning Ratio
-10.17x
Price To Sales Ratio
3.86x
POCF Ratio
17.67
PFCF Ratio
17.65
Price to Book Ratio
1.39
EV to Sales
8.74
EV Over EBITDA
26.7
EV to Operating CashFlow
39.92
EV to FreeCashFlow
39.92
Earnings Yield
-0.1
FreeCashFlow Yield
0.06
Market Cap
3,38 Bil.
Enterprise Value
7,63 Bil.
Graham Number
19.78
Graham NetNet
-22.53

Income Statement Metrics

Net Income per Share
-1.54
Income Quality
-2.77
ROE
-0.12
Return On Assets
-0.04
Return On Capital Employed
0.05
Net Income per EBT
0.98
EBT Per Ebit
-0.87
Ebit per Revenue
0.37
Effective Tax Rate
0

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.02
Gross Profit Margin
0.47
Operating Profit Margin
0.37
Pretax Profit Margin
-0.32
Net Profit Margin
-0.31

Dividends

Dividend Yield
0.04
Dividend Yield %
4.34
Payout Ratio
-0.36
Dividend Per Share
0.68

Operating Metrics

Operating Cashflow per Share
0.89
Free CashFlow per Share
0.89
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.05
Return on Tangible Assets
-0.04
Days Sales Outstanding
66.36
Days Payables Outstanding
68.51
Days of Inventory on Hand
0
Receivables Turnover
5.5
Payables Turnover
5.33
Inventory Turnover
0
Capex per Share
0

Balance Sheet

Cash per Share
0,52
Book Value per Share
11,28
Tangible Book Value per Share
11.59
Shareholders Equity per Share
11.28
Interest Debt per Share
21.23
Debt to Equity
1.8
Debt to Assets
0.58
Net Debt to EBITDA
14.89
Current Ratio
0.63
Tangible Asset Value
2,50 Bil.
Net Current Asset Value
-4,72 Bil.
Invested Capital
1.8
Working Capital
-0,21 Bil.
Intangibles to Total Assets
0
Average Receivables
0,16 Bil.
Average Payables
0,07 Bil.
Average Inventory
46169000
Debt to Market Cap
1.29

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

The Macerich Company Dividends
Year Dividends Growth
1994 1
1995 2 100%
1996 2 0%
1997 2 0%
1998 2 0%
1999 2 0%
2000 2 50%
2001 2 0%
2002 2 0%
2003 2 0%
2004 2 0%
2005 3 0%
2006 3 0%
2007 3 0%
2008 3 33.33%
2009 1 0%
2010 2 100%
2011 2 50%
2012 2 0%
2013 2 0%
2014 3 0%
2015 7 66.67%
2016 3 -200%
2017 3 0%
2018 3 0%
2019 3 33.33%
2020 1 -200%
2021 1 0%
2022 1 0%
2023 1 0%

The Macerich Company Profile

About The Macerich Company

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. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 – 2019).

CEO
Mr. Jackson Hsieh
Employee
654
Address
401 Wilshire Boulevard
Santa Monica, 90401

The Macerich Company Executives & BODs

The Macerich Company Executives & BODs
# Name Age
1 Mr. Jackson Hsieh
President & Chief Executive Officer
70
2 Ms. Ann C. Menard
Senior EVice President, Chief Legal Officer & Secretary
70
3 Mr. Scott W. Kingsmore
Senior EVice President, Chief Financial Officer & Treasurer
70
4 Mr. Thomas E. O'Hern CPA
Advisor
70
5 Mr. Douglas J. Healey
Senior EVice President & Head of Leasing
70
6 Mr. Robert F. Beffa
Senior Vice President of Real Estate
70
7 Mr. Christopher J. Zecchini
Senior Vice President & Chief Accounting Officer
70
8 Samantha Greening
Director of Investor Relations
70
9 Ms. Olivia Bartel Leigh
Executive Vice President of Portfolio Operations & People
70
10 Mr. Kenneth L. Volk
Executive Vice President of Business Development
70

The Macerich Company Competitors