SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SPG • US8288061091
189.8 USD
+6.04 (+3.29%)
At close: Jan 29, 2026
189.8 USD
0 (0%)
After Hours: 1/29/2026, 8:04:00 PM
We assign a fundamental rating of 5 out of 10 to SPG. SPG was compared to 124 industry peers in the Diversified REITs industry. SPG has an excellent profitability rating, but there are concerns on its financial health. SPG is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- SPG had positive earnings in the past year.
- In the past year SPG had a positive cash flow from operations.
- Each year in the past 5 years SPG has been profitable.
- SPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 6.68%, SPG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- SPG has a better Return On Equity (95.47%) than 100.00% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 8.31%, SPG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for SPG is above the industry average of 3.05%.
- The last Return On Invested Capital (8.31%) for SPG is above the 3 year average (7.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.68% | ||
| ROE | 95.47% | ||
| ROIC | 8.31% |
ROA(3y)6.81%
ROA(5y)6.05%
ROE(3y)74.65%
ROE(5y)65.46%
ROIC(3y)7.62%
ROIC(5y)6.84%
1.3 Margins
- The Profit Margin of SPG (36.44%) is better than 90.32% of its industry peers.
- SPG's Profit Margin has improved in the last couple of years.
- The Operating Margin of SPG (50.70%) is better than 92.74% of its industry peers.
- In the last couple of years the Operating Margin of SPG has remained more or less at the same level.
- With an excellent Gross Margin value of 81.99%, SPG belongs to the best of the industry, outperforming 82.26% of the companies in the same industry.
- In the last couple of years the Gross Margin of SPG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.7% | ||
| PM (TTM) | 36.44% | ||
| GM | 81.99% |
OM growth 3Y3.22%
OM growth 5Y0.52%
PM growth 3Y-3.3%
PM growth 5Y1.72%
GM growth 3Y0.61%
GM growth 5Y0.06%
2. Health
2.1 Basic Checks
- SPG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- SPG has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for SPG has been increased compared to 5 years ago.
- Compared to 1 year ago, SPG has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.33, we must say that SPG is in the distress zone and has some risk of bankruptcy.
- SPG's Altman-Z score of 1.33 is amongst the best of the industry. SPG outperforms 87.10% of its industry peers.
- The Debt to FCF ratio of SPG is 8.26, which is on the high side as it means it would take SPG, 8.26 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 8.26, SPG belongs to the best of the industry, outperforming 94.35% of the companies in the same industry.
- SPG has a Debt/Equity ratio of 10.98. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 10.98, SPG is doing worse than 93.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.98 | ||
| Debt/FCF | 8.26 | ||
| Altman-Z | 1.33 |
ROIC/WACC1.16
WACC7.16%
2.3 Liquidity
- A Current Ratio of 0.60 indicates that SPG may have some problems paying its short term obligations.
- SPG has a worse Current ratio (0.60) than 75.00% of its industry peers.
- A Quick Ratio of 0.60 indicates that SPG may have some problems paying its short term obligations.
- SPG has a Quick ratio of 0.60. This is in the lower half of the industry: SPG underperforms 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
- SPG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.52%.
- Measured over the past 5 years, SPG shows a small growth in Earnings Per Share. The EPS has been growing by 1.29% on average per year.
- The Revenue has been growing slightly by 4.17% in the past year.
- Measured over the past years, SPG shows a small growth in Revenue. The Revenue has been growing by 0.71% on average per year.
EPS 1Y (TTM)-8.52%
EPS 3Y5.29%
EPS 5Y1.29%
EPS Q2Q%27.4%
Revenue 1Y (TTM)4.17%
Revenue growth 3Y5.24%
Revenue growth 5Y0.71%
Sales Q2Q%8.44%
3.2 Future
- The Earnings Per Share is expected to decrease by -0.02% on average over the next years.
- Based on estimates for the next years, SPG will show a small growth in Revenue. The Revenue will grow by 4.57% on average per year.
EPS Next Y-7.96%
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
EPS Next 5Y-0.02%
Revenue Next Year6.54%
Revenue Next 2Y5.72%
Revenue Next 3Y5.08%
Revenue Next 5Y4.57%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 27.63 indicates a quite expensive valuation of SPG.
- Based on the Price/Earnings ratio, SPG is valued a bit cheaper than the industry average as 67.74% of the companies are valued more expensively.
- SPG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.39.
- The Price/Forward Earnings ratio is 27.04, which means the current valuation is very expensive for SPG.
- Based on the Price/Forward Earnings ratio, SPG is valued cheaply inside the industry as 83.06% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 25.72. SPG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.63 | ||
| Fwd PE | 27.04 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPG is valued a bit more expensive than the industry average as 79.03% of the companies are valued more cheaply.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPG indicates a somewhat cheap valuation: SPG is cheaper than 78.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.85 | ||
| EV/EBITDA | 18.82 |
4.3 Compensation for Growth
- The excellent profitability rating of SPG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)21.45
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
5. Dividend
5.1 Amount
- SPG has a Yearly Dividend Yield of 4.75%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.82, SPG has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, SPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.75% |
5.2 History
- The dividend of SPG decreases each year by -0.48%.
- SPG has paid a dividend for at least 10 years, which is a reliable track record.
- SPG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.48%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 123.15% of the earnings are spent on dividend by SPG. This is not a sustainable payout ratio.
- SPG's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP123.15%
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
SIMON PROPERTY GROUP INC / SPG FAQ
Can you provide the ChartMill fundamental rating for SIMON PROPERTY GROUP INC?
ChartMill assigns a fundamental rating of 5 / 10 to SPG.
Can you provide the valuation status for SIMON PROPERTY GROUP INC?
ChartMill assigns a valuation rating of 4 / 10 to SIMON PROPERTY GROUP INC (SPG). This can be considered as Fairly Valued.
What is the profitability of SPG stock?
SIMON PROPERTY GROUP INC (SPG) has a profitability rating of 9 / 10.
Can you provide the financial health for SPG stock?
The financial health rating of SIMON PROPERTY GROUP INC (SPG) is 3 / 10.
Can you provide the expected EPS growth for SPG stock?
The Earnings per Share (EPS) of SIMON PROPERTY GROUP INC (SPG) is expected to decline by -7.96% in the next year.