MACERICH CO/THE (MAC) Fundamental Analysis & Valuation

NYSE:MAC • US5543821012

Current stock price

18.12 USD
-0.67 (-3.57%)
At close:
18.12 USD
0 (0%)
After Hours:

This MAC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. MAC Profitability Analysis

1.1 Basic Checks

  • In the past year MAC has reported negative net income.
  • In the past year MAC had a positive cash flow from operations.
  • MAC had negative earnings in 4 of the past 5 years.
  • Each year in the past 5 years MAC had a positive operating cash flow.
MAC Yearly Net Income VS EBIT VS OCF VS FCFMAC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -2.37%, MAC is doing worse than 74.80% of the companies in the same industry.
  • MAC has a worse Return On Equity (-8.08%) than 73.17% of its industry peers.
  • The Return On Invested Capital of MAC (1.69%) is worse than 69.92% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MAC is in line with the industry average of 3.11%.
Industry RankSector Rank
ROA -2.37%
ROE -8.08%
ROIC 1.69%
ROA(3y)-2.77%
ROA(5y)-1.79%
ROE(3y)-8.8%
ROE(5y)-5.66%
ROIC(3y)1.76%
ROIC(5y)1.61%
MAC Yearly ROA, ROE, ROICMAC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10

1.3 Margins

  • MAC has a worse Operating Margin (16.54%) than 62.60% of its industry peers.
  • MAC's Operating Margin has improved in the last couple of years.
  • MAC has a worse Gross Margin (54.87%) than 72.36% of its industry peers.
  • MAC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.54%
PM (TTM) N/A
GM 54.87%
OM growth 3Y-1.78%
OM growth 5Y8.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y-0.31%
MAC Yearly Profit, Operating, Gross MarginsMAC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. MAC Health Analysis

2.1 Basic Checks

  • MAC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • MAC has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MAC has more shares outstanding
  • The debt/assets ratio for MAC is higher compared to a year ago.
MAC Yearly Shares OutstandingMAC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
MAC Yearly Total Debt VS Total AssetsMAC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 0.01, we must say that MAC is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.01, MAC is doing worse than 72.36% of the companies in the same industry.
  • MAC has a Debt/Equity ratio of 2.07. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 2.07, MAC is not doing good in the industry: 68.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.07
Debt/FCF N/A
Altman-Z 0.01
ROIC/WACC0.27
WACC6.3%
MAC Yearly LT Debt VS Equity VS FCFMAC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.83 indicates that MAC may have some problems paying its short term obligations.
  • MAC has a Current ratio (0.83) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.83 indicates that MAC may have some problems paying its short term obligations.
  • MAC has a Quick ratio of 0.83. This is comparable to the rest of the industry: MAC outperforms 49.59% of its industry peers.
Industry RankSector Rank
Current Ratio 0.83
Quick Ratio 0.83
MAC Yearly Current Assets VS Current LiabilitesMAC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. MAC Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.10% over the past year.
  • The Revenue for MAC has decreased by -10.03% in the past year. This is quite bad
  • The Revenue has been growing slightly by 5.23% on average over the past years.
EPS 1Y (TTM)6.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%92.13%
Revenue 1Y (TTM)-10.03%
Revenue growth 3Y5.68%
Revenue growth 5Y5.23%
Sales Q2Q%-4.37%

3.2 Future

  • MAC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.34% yearly.
  • The Revenue is expected to grow by 2.05% on average over the next years.
EPS Next Y82.95%
EPS Next 2Y39.84%
EPS Next 3Y28.95%
EPS Next 5Y16.34%
Revenue Next Year-1.05%
Revenue Next 2Y1.6%
Revenue Next 3Y0.24%
Revenue Next 5Y2.05%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MAC Yearly Revenue VS EstimatesMAC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200M 400M 600M 800M 1B
MAC Yearly EPS VS EstimatesMAC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 1 -1 2 3

More info and screens

Find the best growth stocksShow best growing peers

1

4. MAC Valuation Analysis

4.1 Price/Earnings Ratio

  • MAC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for MAC. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MAC Price Earnings VS Forward Price EarningsMAC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

  • MAC's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MAC is more expensive than 73.98% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.62
MAC Per share dataMAC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • A more expensive valuation may be justified as MAC's earnings are expected to grow with 28.95% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.84%
EPS Next 3Y28.95%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. MAC Dividend Analysis

5.1 Amount

  • MAC has a Yearly Dividend Yield of 3.62%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 7.33, MAC is paying slightly less dividend.
  • MAC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.62%

5.2 History

  • The dividend of MAC decreases each year by -9.22%.
  • MAC has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MAC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-9.22%
Div Incr Years0
Div Non Decr Years3
MAC Yearly Dividends per shareMAC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • MAC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-87.85%
EPS Next 2Y39.84%
EPS Next 3Y28.95%
MAC Yearly Income VS Free CF VS DividendMAC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

More info and screens

Find the best dividend stocksShow peers with best dividend

MAC Fundamentals: All Metrics, Ratios and Statistics

MACERICH CO/THE

NYSE:MAC (3/20/2026, 8:06:43 PM)

After market: 18.12 0 (0%)

18.12

-0.67 (-3.57%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-18
Earnings (Next)05-11
Inst Owners106.68%
Inst Owner Change1.47%
Ins Owners0.31%
Ins Owner Change-0.02%
Market Cap4.65B
Revenue(TTM)1.01B
Net Income(TTM)-197.92M
Analysts71
Price Target21.15 (16.72%)
Short Float %5.42%
Short Ratio6.83
Dividend
Industry RankSector Rank
Dividend Yield 3.62%
Yearly Dividend0.68
Dividend Growth(5Y)-9.22%
DP-87.85%
Div Incr Years0
Div Non Decr Years3
Ex-Date03-16
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-361.99%
Min EPS beat(2)-403.18%
Max EPS beat(2)-320.79%
EPS beat(4)0
Avg EPS beat(4)-241.51%
Min EPS beat(4)-403.18%
Max EPS beat(4)-94.54%
EPS beat(8)1
Avg EPS beat(8)-272.7%
EPS beat(12)3
Avg EPS beat(12)-376.24%
EPS beat(16)3
Avg EPS beat(16)-326.12%
Revenue beat(2)1
Avg Revenue beat(2)-0.74%
Min Revenue beat(2)-2%
Max Revenue beat(2)0.51%
Revenue beat(4)3
Avg Revenue beat(4)3.38%
Min Revenue beat(4)-2%
Max Revenue beat(4)12.16%
Revenue beat(8)6
Avg Revenue beat(8)5.52%
Revenue beat(12)10
Avg Revenue beat(12)4.68%
Revenue beat(16)12
Avg Revenue beat(16)3.67%
PT rev (1m)4.04%
PT rev (3m)5.94%
EPS NQ rev (1m)-7.14%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)24.09%
EPS NY rev (3m)9.57%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-1.57%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-3.69%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.59
P/FCF N/A
P/OCF 14.46
P/B 1.9
P/tB 2.05
EV/EBITDA 17.62
EPS(TTM)-0.77
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)-0.05
FCFYN/A
OCF(TTM)1.25
OCFY6.91%
SpS3.95
BVpS9.54
TBVpS8.84
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.37%
ROE -8.08%
ROCE 2.14%
ROIC 1.69%
ROICexc 1.75%
ROICexgc 1.83%
OM 16.54%
PM (TTM) N/A
GM 54.87%
FCFM N/A
ROA(3y)-2.77%
ROA(5y)-1.79%
ROE(3y)-8.8%
ROE(5y)-5.66%
ROIC(3y)1.76%
ROIC(5y)1.61%
ROICexc(3y)1.79%
ROICexc(5y)1.64%
ROICexgc(3y)1.87%
ROICexgc(5y)1.7%
ROCE(3y)2.23%
ROCE(5y)2.04%
ROICexgc growth 3Y4.29%
ROICexgc growth 5Y16.17%
ROICexc growth 3Y3.86%
ROICexc growth 5Y15.96%
OM growth 3Y-1.78%
OM growth 5Y8.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y-0.31%
F-Score5
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 2.07
Debt/FCF N/A
Debt/EBITDA 9.46
Cap/Depr 90.56%
Cap/Sales 32.87%
Interest Coverage 0.81
Cash Conversion 60.02%
Profit Quality N/A
Current Ratio 0.83
Quick Ratio 0.83
Altman-Z 0.01
F-Score5
WACC6.3%
ROIC/WACC0.27
Cap/Depr(3y)68.79%
Cap/Depr(5y)48.26%
Cap/Sales(3y)23.85%
Cap/Sales(5y)16.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%92.13%
EPS Next Y82.95%
EPS Next 2Y39.84%
EPS Next 3Y28.95%
EPS Next 5Y16.34%
Revenue 1Y (TTM)-10.03%
Revenue growth 3Y5.68%
Revenue growth 5Y5.23%
Sales Q2Q%-4.37%
Revenue Next Year-1.05%
Revenue Next 2Y1.6%
Revenue Next 3Y0.24%
Revenue Next 5Y2.05%
EBIT growth 1Y-13.48%
EBIT growth 3Y3.8%
EBIT growth 5Y13.72%
EBIT Next Year220.14%
EBIT Next 3Y52.41%
EBIT Next 5Y26.41%
FCF growth 1Y-121.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.46%
OCF growth 3Y-1.6%
OCF growth 5Y20.84%

MACERICH CO/THE / MAC Fundamental Analysis FAQ

What is the fundamental rating for MAC stock?

ChartMill assigns a fundamental rating of 1 / 10 to MAC.


Can you provide the valuation status for MACERICH CO/THE?

ChartMill assigns a valuation rating of 1 / 10 to MACERICH CO/THE (MAC). This can be considered as Overvalued.


How profitable is MACERICH CO/THE (MAC) stock?

MACERICH CO/THE (MAC) has a profitability rating of 2 / 10.


What is the financial health of MACERICH CO/THE (MAC) stock?

The financial health rating of MACERICH CO/THE (MAC) is 0 / 10.