MACERICH CO/THE (MAC) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MAC • US5543821012

19.37 USD
+0.07 (+0.36%)
At close: Feb 5, 2026
19.37 USD
0 (0%)
After Hours: 2/5/2026, 8:04:00 PM
Fundamental Rating

1

MAC gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 124 industry peers in the Diversified REITs industry. Both the profitability and financial health of MAC have multiple concerns. MAC has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year MAC has reported negative net income.
  • MAC had a positive operating cash flow in the past year.
  • In the past 5 years MAC reported 4 times negative net income.
  • MAC had a positive operating cash flow in each of the past 5 years.
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 0 200M -200M 400M

1.2 Ratios

  • MAC has a worse Return On Assets (-4.63%) than 80.65% of its industry peers.
  • With a Return On Equity value of -15.55%, MAC is not doing good in the industry: 78.23% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 1.79%, MAC is doing worse than 69.35% of the companies in the same industry.
  • MAC had an Average Return On Invested Capital over the past 3 years of 1.71%. This is in line with the industry average of 3.05%.
  • The 3 year average ROIC (1.71%) for MAC is below the current ROIC(1.79%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -4.63%
ROE -15.55%
ROIC 1.79%
ROA(3y)-2.25%
ROA(5y)-1.82%
ROE(3y)-6.88%
ROE(5y)-6.09%
ROIC(3y)1.71%
ROIC(5y)1.43%
MAC Yearly ROA, ROE, ROICMAC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10

1.3 Margins

  • MAC has a Operating Margin of 17.50%. This is comparable to the rest of the industry: MAC outperforms 41.13% of its industry peers.
  • In the last couple of years the Operating Margin of MAC has declined.
  • MAC's Gross Margin of 54.86% is on the low side compared to the rest of the industry. MAC is outperformed by 70.97% of its industry peers.
  • MAC's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 17.5%
PM (TTM) N/A
GM 54.86%
OM growth 3Y6.69%
OM growth 5Y-4.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.18%
GM growth 5Y-2.5%
MAC Yearly Profit, Operating, Gross MarginsMAC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAC is destroying value.
  • MAC has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MAC has been increased compared to 5 years ago.
  • MAC has a worse debt/assets ratio than last year.
MAC Yearly Shares OutstandingMAC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 0.07, we must say that MAC is in the distress zone and has some risk of bankruptcy.
  • MAC's Altman-Z score of 0.07 is on the low side compared to the rest of the industry. MAC is outperformed by 74.19% of its industry peers.
  • A Debt/Equity ratio of 2.02 is on the high side and indicates that MAC has dependencies on debt financing.
  • MAC has a worse Debt to Equity ratio (2.02) than 69.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.02
Debt/FCF N/A
Altman-Z 0.07
ROIC/WACC0.28
WACC6.36%
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 2B 4B 6B

2.3 Liquidity

  • MAC has a Current Ratio of 0.85. This is a bad value and indicates that MAC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MAC has a Current ratio of 0.85. This is comparable to the rest of the industry: MAC outperforms 46.77% of its industry peers.
  • A Quick Ratio of 0.85 indicates that MAC may have some problems paying its short term obligations.
  • The Quick ratio of MAC (0.85) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.85
Quick Ratio 0.85
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 200M 400M 600M

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

2

3. Growth

3.1 Past

  • MAC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -596.88%.
  • Looking at the last year, MAC shows a decrease in Revenue. The Revenue has decreased by -6.05% in the last year.
  • The Revenue has been decreasing by -0.20% on average over the past years.
EPS 1Y (TTM)-596.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%32%
Revenue 1Y (TTM)-6.05%
Revenue growth 3Y2.71%
Revenue growth 5Y-0.2%
Sales Q2Q%15%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.72% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.17% on average over the next years.
EPS Next Y37.36%
EPS Next 2Y34.16%
EPS Next 3Y24.95%
EPS Next 5Y16.72%
Revenue Next Year19.6%
Revenue Next 2Y8.81%
Revenue Next 3Y6.14%
Revenue Next 5Y5.17%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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. Valuation

4.1 Price/Earnings Ratio

  • MAC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year MAC is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 72.58% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.88
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 24.95% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.16%
EPS Next 3Y24.95%

More info and screens

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

3

5. Dividend

5.1 Amount

  • MAC has a Yearly Dividend Yield of 3.64%. Purely for dividend investing, there may be better candidates out there.
  • MAC's Dividend Yield is slightly below the industry average, which is at 6.98.
  • Compared to an average S&P500 Dividend Yield of 1.82, MAC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.64%

5.2 History

  • The dividend of MAC decreases each year by -25.88%.
  • 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)-25.88%
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 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-43.75%
EPS Next 2Y34.16%
EPS Next 3Y24.95%
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 0 200M -200M 400M 600M

More info and screens

Find the best dividend stocksShow peers with best dividend

MACERICH CO/THE

NYSE:MAC (2/5/2026, 8:04:00 PM)

After market: 19.37 0 (0%)

19.37

+0.07 (+0.36%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-04
Earnings (Next)02-05
Inst Owners103.36%
Inst Owner Change-0.55%
Ins Owners0.31%
Ins Owner Change-0.06%
Market Cap4.96B
Revenue(TTM)1.03B
Net Income(TTM)-390.44M
Analysts70
Price Target20.11 (3.82%)
Short Float %6.11%
Short Ratio8.91
Dividend
Industry RankSector Rank
Dividend Yield 3.64%
Yearly Dividend0.64
Dividend Growth(5Y)-25.88%
DP-43.75%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-207.67%
Min EPS beat(2)-320.79%
Max EPS beat(2)-94.54%
EPS beat(4)0
Avg EPS beat(4)-629.5%
Min EPS beat(4)-1955.13%
Max EPS beat(4)-94.54%
EPS beat(8)2
Avg EPS beat(8)-194.09%
EPS beat(12)3
Avg EPS beat(12)-347.67%
EPS beat(16)3
Avg EPS beat(16)-307.05%
Revenue beat(2)2
Avg Revenue beat(2)1.68%
Min Revenue beat(2)0.51%
Max Revenue beat(2)2.85%
Revenue beat(4)4
Avg Revenue beat(4)9.55%
Min Revenue beat(4)0.51%
Max Revenue beat(4)22.66%
Revenue beat(8)7
Avg Revenue beat(8)6.43%
Revenue beat(12)10
Avg Revenue beat(12)4.74%
Revenue beat(16)13
Avg Revenue beat(16)4.29%
PT rev (1m)1.1%
PT rev (3m)0.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.99%
EPS NY rev (1m)-9.2%
EPS NY rev (3m)-32.83%
Revenue NQ rev (1m)-3.24%
Revenue NQ rev (3m)-3.28%
Revenue NY rev (1m)-1.5%
Revenue NY rev (3m)-1.5%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.84
P/FCF N/A
P/OCF 15.21
P/B 1.98
P/tB 2.15
EV/EBITDA 17.88
EPS(TTM)-1.59
EYN/A
EPS(NY)-0.16
Fwd EYN/A
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)1.27
OCFY6.58%
SpS4.01
BVpS9.8
TBVpS9.03
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -4.63%
ROE -15.55%
ROCE 2.27%
ROIC 1.79%
ROICexc 1.86%
ROICexgc 1.94%
OM 17.5%
PM (TTM) N/A
GM 54.86%
FCFM N/A
ROA(3y)-2.25%
ROA(5y)-1.82%
ROE(3y)-6.88%
ROE(5y)-6.09%
ROIC(3y)1.71%
ROIC(5y)1.43%
ROICexc(3y)1.73%
ROICexc(5y)1.46%
ROICexgc(3y)1.79%
ROICexgc(5y)1.51%
ROCE(3y)2.16%
ROCE(5y)1.81%
ROICexgc growth 3Y9.63%
ROICexgc growth 5Y-3.26%
ROICexc growth 3Y9.11%
ROICexc growth 5Y-3.53%
OM growth 3Y6.69%
OM growth 5Y-4.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.18%
GM growth 5Y-2.5%
F-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 2.02
Debt/FCF N/A
Debt/EBITDA 9.33
Cap/Depr 122.66%
Cap/Sales 43.58%
Interest Coverage 0.87
Cash Conversion 59.96%
Profit Quality N/A
Current Ratio 0.85
Quick Ratio 0.85
Altman-Z 0.07
F-Score4
WACC6.36%
ROIC/WACC0.28
Cap/Depr(3y)47.12%
Cap/Depr(5y)31.57%
Cap/Sales(3y)15.89%
Cap/Sales(5y)10.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-596.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%32%
EPS Next Y37.36%
EPS Next 2Y34.16%
EPS Next 3Y24.95%
EPS Next 5Y16.72%
Revenue 1Y (TTM)-6.05%
Revenue growth 3Y2.71%
Revenue growth 5Y-0.2%
Sales Q2Q%15%
Revenue Next Year19.6%
Revenue Next 2Y8.81%
Revenue Next 3Y6.14%
Revenue Next 5Y5.17%
EBIT growth 1Y-8%
EBIT growth 3Y9.58%
EBIT growth 5Y-4.36%
EBIT Next Year222.29%
EBIT Next 3Y48.88%
EBIT Next 5Y27.61%
FCF growth 1Y-165.99%
FCF growth 3Y-40.36%
FCF growth 5Y-30.47%
OCF growth 1Y9.27%
OCF growth 3Y-0.35%
OCF growth 5Y-4.41%

MACERICH CO/THE / MAC 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.