SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis
USA - NYSE:SPG - US8288061091 - REIT
183.6 USD
+2.86 (+1.58%)
183.6 USD
0 (0%)
Overall SPG gets a fundamental rating of 5 out of 10. We evaluated SPG against 128 industry peers in the Diversified REITs industry. While SPG has a great profitability rating, there are quite some concerns on its financial health. SPG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SPG was profitable.
In the past year SPG had a positive cash flow from operations.
SPG had positive earnings in each of the past 5 years.
In the past 5 years SPG always reported a positive cash flow from operatings.
1.2 Ratios
SPG has a better Return On Assets (6.34%) than 98.43% of its industry peers.
Looking at the Return On Equity, with a value of 86.16%, SPG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SPG has a better Return On Invested Capital (8.26%) than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPG is above the industry average of 3.09%.
The 3 year average ROIC (7.62%) for SPG is below the current ROIC(8.26%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 86.16% | ||
| ROIC | 8.26% |
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
SPG has a better Profit Margin (35.00%) than 88.19% of its industry peers.
SPG's Profit Margin has improved in the last couple of years.
SPG's Operating Margin of 50.96% is amongst the best of the industry. SPG outperforms 91.34% of its industry peers.
SPG's Operating Margin has been stable in the last couple of years.
The Gross Margin of SPG (82.17%) is better than 81.89% of its industry peers.
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 | 50.96% | ||
| PM (TTM) | 35% | ||
| GM | 82.17% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPG is still 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.
The debt/assets ratio for SPG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.30, we must say that SPG is in the distress zone and has some risk of bankruptcy.
SPG has a better Altman-Z score (1.30) than 85.83% of its industry peers.
The Debt to FCF ratio of SPG is 8.08, which is on the high side as it means it would take SPG, 8.08 years of fcf income to pay off all of its debts.
SPG's Debt to FCF ratio of 8.08 is amongst the best of the industry. SPG outperforms 93.70% of its industry peers.
A Debt/Equity ratio of 10.36 is on the high side and indicates that SPG has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 10.36, SPG is doing worse than 94.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.36 | ||
| Debt/FCF | 8.08 | ||
| Altman-Z | 1.3 |
ROIC/WACC1.18
WACC7.01%
2.3 Liquidity
A Current Ratio of 0.52 indicates that SPG may have some problems paying its short term obligations.
SPG has a worse Current ratio (0.52) than 80.31% of its industry peers.
SPG has a Quick Ratio of 0.52. This is a bad value and indicates that SPG is not financially healthy enough and could expect problems in meeting its short term obligations.
SPG has a worse Quick ratio (0.52) than 77.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The earnings per share for SPG have decreased by -8.52% in the last year.
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.
Looking at the last year, SPG shows a small growth in Revenue. The Revenue has grown by 4.17% in the last year.
SPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.71% yearly.
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
Based on estimates for the next years, SPG will show a decrease in Earnings Per Share. The EPS will decrease by -0.33% on average per year.
SPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.16% yearly.
EPS Next Y-10.06%
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
EPS Next 5Y-0.33%
Revenue Next Year5.8%
Revenue Next 2Y4.57%
Revenue Next 3Y4.29%
Revenue Next 5Y4.16%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 26.72 indicates a quite expensive valuation of SPG.
Based on the Price/Earnings ratio, SPG is valued a bit cheaper than 70.08% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.06, SPG is valued at the same level.
A Price/Forward Earnings ratio of 26.47 indicates a quite expensive valuation of SPG.
81.89% of the companies in the same industry are more expensive than SPG, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 32.73. SPG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.72 | ||
| Fwd PE | 26.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPG is valued expensively inside the industry as 81.89% of the companies are valued cheaper.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPG indicates a somewhat cheap valuation: SPG is cheaper than 76.38% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.08 | ||
| EV/EBITDA | 18.69 |
4.3 Compensation for Growth
SPG has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)20.75
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.87%, SPG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.31, SPG has a dividend in line with its industry peers.
SPG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
5.2 History
The dividend of SPG decreases each year by -0.48%.
SPG has been paying a dividend for at least 10 years, so it has 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
SPG pays out 129.23% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of SPG has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP129.23%
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
183.6
+2.86 (+1.58%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners92.04%
Inst Owner Change-0.22%
Ins Owners0.15%
Ins Owner Change0.32%
Market Cap59.94B
Revenue(TTM)6.16B
Net Income(TTM)2.11B
Analysts74.62
Price Target193.85 (5.58%)
Short Float %1.6%
Short Ratio3.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
Yearly Dividend8.12
Dividend Growth(5Y)-0.48%
DP129.23%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.63%
Min EPS beat(2)-9.93%
Max EPS beat(2)4.67%
EPS beat(4)2
Avg EPS beat(4)-2.09%
Min EPS beat(4)-9.93%
Max EPS beat(4)4.92%
EPS beat(8)5
Avg EPS beat(8)11.3%
EPS beat(12)7
Avg EPS beat(12)9.82%
EPS beat(16)10
Avg EPS beat(16)11.77%
Revenue beat(2)0
Avg Revenue beat(2)-2.14%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)-0.33%
Revenue beat(4)2
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)1.38%
Revenue beat(8)4
Avg Revenue beat(8)-0.28%
Revenue beat(12)6
Avg Revenue beat(12)0.97%
Revenue beat(16)10
Avg Revenue beat(16)2.57%
PT rev (1m)0.42%
PT rev (3m)2.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.72 | ||
| Fwd PE | 26.47 | ||
| P/S | 9.93 | ||
| P/FCF | 19.08 | ||
| P/OCF | 14.91 | ||
| P/B | 24.45 | ||
| P/tB | 24.45 | ||
| EV/EBITDA | 18.69 |
EPS(TTM)6.87
EY3.74%
EPS(NY)6.94
Fwd EY3.78%
FCF(TTM)9.63
FCFY5.24%
OCF(TTM)12.32
OCFY6.71%
SpS18.48
BVpS7.51
TBVpS7.51
PEG (NY)N/A
PEG (5Y)20.75
Graham Number34.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 86.16% | ||
| ROCE | 10.46% | ||
| ROIC | 8.26% | ||
| ROICexc | 8.62% | ||
| ROICexgc | 9.05% | ||
| OM | 50.96% | ||
| PM (TTM) | 35% | ||
| GM | 82.17% | ||
| FCFM | 52.08% |
ROA(3y)6.81%
ROA(5y)6.05%
ROE(3y)74.65%
ROE(5y)65.46%
ROIC(3y)7.62%
ROIC(5y)6.84%
ROICexc(3y)7.91%
ROICexc(5y)7.07%
ROICexgc(3y)7.92%
ROICexgc(5y)7.08%
ROCE(3y)9.64%
ROCE(5y)8.65%
ROICexgc growth 3Y12.01%
ROICexgc growth 5Y1.19%
ROICexc growth 3Y12.04%
ROICexc growth 5Y1.24%
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%
F-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.36 | ||
| Debt/FCF | 8.08 | ||
| Debt/EBITDA | 5.64 | ||
| Cap/Depr | 61.61% | ||
| Cap/Sales | 14.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.33% | ||
| Profit Quality | 148.78% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 1.3 |
F-Score5
WACC7.01%
ROIC/WACC1.18
Cap/Depr(3y)55.12%
Cap/Depr(5y)48.18%
Cap/Sales(3y)12.99%
Cap/Sales(5y)11.96%
Profit Quality(3y)137.57%
Profit Quality(5y)143.45%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.52%
EPS 3Y5.29%
EPS 5Y1.29%
EPS Q2Q%27.4%
EPS Next Y-10.06%
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
EPS Next 5Y-0.33%
Revenue 1Y (TTM)4.17%
Revenue growth 3Y5.24%
Revenue growth 5Y0.71%
Sales Q2Q%8.44%
Revenue Next Year5.8%
Revenue Next 2Y4.57%
Revenue Next 3Y4.29%
Revenue Next 5Y4.16%
EBIT growth 1Y3.35%
EBIT growth 3Y8.62%
EBIT growth 5Y1.24%
EBIT Next Year59.25%
EBIT Next 3Y19.29%
EBIT Next 5Y13.34%
FCF growth 1Y1.24%
FCF growth 3Y-0.54%
FCF growth 5Y0.85%
OCF growth 1Y4.93%
OCF growth 3Y1.6%
OCF growth 5Y0.04%
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.
What is the valuation status for SPG stock?
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.
What are the PE and PB ratios of SIMON PROPERTY GROUP INC (SPG) stock?
The Price/Earnings (PE) ratio for SIMON PROPERTY GROUP INC (SPG) is 26.72 and the Price/Book (PB) ratio is 24.45.
Is the dividend of SIMON PROPERTY GROUP INC sustainable?
The dividend rating of SIMON PROPERTY GROUP INC (SPG) is 5 / 10 and the dividend payout ratio is 129.23%.