* Note: Prices are in Million (M) USD.
Description:
These criteria used Company's Cash, EBITDA and Debt balance to determines its fair value:
Cash : $59 M
Debt : $5,298 M
EBITDA : $689 M
Net Debt (Debt - Cash): $5,238 M
Since EBITDA cannot cover net debt within 3 years, Avoid This Stock.
This criteria used industry in which company operates:
Sector: Real Estate
Industry: REIT - Retail
Based on industry, 3 points assigned.
This criteria used Company's Price To Earning (P/E) Ratio to determines its fair value:
Forward PE Ratio: 11.54
Since Forward PE Ratio is less than 15, 5 points assigned.
This criteria used Company's ability to convert Sales into free cash flow to determine fair value:
Average Free Cash Flow: $-65 M
Average Revenue: $912 M
Revenue Converted To Free Cash Flow (%): -7%
Avg Free Cash Flow Growth Per Year (Last 5 Years): 19.32%
Since Free Cash Flow (FCF) to Revenue percentage is non-positive, 0 point assigned.
This criteria used company's growth potential to calculate its fair value:
Latest Revenue (2024-12-31): $918 M
Revenue 4 Years Ago (2020-12-31): $786 M
Last 5 Years Average Revenue Growth: 3%
Since Revenue Growth is between 0 - 5, 1 point assigned.
This criteria used Company's ability to buy back its own share:
Latest Share Count (2024-12-31): $250 M
Share Count 5 Years Ago (2020-12-31): $146 M
Company is not buying back its own shares, 0 points assigned.
This criteria used Company's dividend payout ratio to determine its fair value:
Next Year Earnings Per Share (EPS): $1.62
Trailing 12-Month Earnings Per Share (EPS): $1.52
Average Earnings Per Share (EPS): $1.57
Dividend Per Share (DPS): $1
Payout Ratio: 43%
Dividend Yield: 4%
Since company Payout Ratio is less than 50, 2 points assigned.
Since Dividend Yield is greater than 3, 3 points assigned.
This criteria used Company's Return On Equity (ROE%) to determine its fair value:
Average ROE: 5%
Since Average ROE is less than 10, 1 point assigned.
This criteria used Company's current price to its 52 week low price to determines its fair value:
Current Price: $18
52-Week Low: $12
Threshold Price (15% Above 52-Week Low): $14
Since Current price is not within 15% threshold, 0 point assigned.
This criteria used Company's Market Cap to determines its fair value:
Market Capitalization: $4,683 M
Since Market Cap is less than 10B, 1 point assigned.
% Exposure to Total Portfolio
Based on the market cap, we recommend do not exceed 2% exposure of Total Portfolio.
Value-Trade has assigned 16 points to above Macerich Company (MAC) stock.
Last 8 Years Avg PE 25.51, Fair Value PE 12, Industry Based PE 20, Growth Based PE 3. Based on these 4 values, average assigned is 15.13.
Value-Trades has assined P/E value 15.13. Since an average (Current Year EPS + Next Year EPS) earning per share is $1.57.
The fair value of Macerich Company (MAC) stock should be (15.13 x $1.57) = $23.75
