MACERICH CO/THE (MAC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAC - US5543821012 - REIT
18.75 USD
+0.32 (+1.74%)
Taking everything into account, MAC scores 1 out of 10 in our fundamental rating. MAC was compared to 125 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.
1. Profitability
1.1 Basic Checks
- MAC had negative earnings in the past year.
- MAC had a positive operating cash flow in the past year.
- MAC had negative earnings in 4 of the past 5 years.
- MAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of -4.63%, MAC is not doing good in the industry: 80.80% of the companies in the same industry are doing better.
- MAC's Return On Equity of -15.55% is on the low side compared to the rest of the industry. MAC is outperformed by 78.40% of its industry peers.
- The Return On Invested Capital of MAC (1.79%) is worse than 69.60% 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 3.07%.
- The 3 year average ROIC (1.71%) for MAC is below the current ROIC(1.79%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- The Operating Margin of MAC (17.50%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of MAC has declined.
- MAC has a worse Gross Margin (54.86%) than 71.20% of its industry peers.
- In the last couple of years the Gross Margin of MAC has declined.
| Industry Rank | Sector 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%
2. Health
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
- Compared to 1 year ago, MAC has a worse debt to assets ratio.
2.2 Solvency
- MAC has an Altman-Z score of 0.04. This is a bad value and indicates that MAC is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of MAC (0.04) is worse than 72.80% of its industry peers.
- MAC has a Debt/Equity ratio of 2.02. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 2.02, MAC is doing worse than 68.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.04 |
ROIC/WACC0.28
WACC6.36%
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 (0.85) which is in line with its industry peers.
- A Quick Ratio of 0.85 indicates that MAC may have some problems paying its short term obligations.
- With a Quick ratio value of 0.85, MAC perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
- The earnings per share for MAC have decreased strongly by -596.88% in the last year.
- The Revenue has decreased by -6.05% in the past 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
- MAC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.72% yearly.
- MAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.17% yearly.
EPS Next Y42.64%
EPS Next 2Y35.02%
EPS Next 3Y24.95%
EPS Next 5Y16.72%
Revenue Next Year20.7%
Revenue Next 2Y9.97%
Revenue Next 3Y7.07%
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings Ratio is negative for MAC. In the last year negative earnings were reported.
- Also next year MAC is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MAC is valued a bit more expensive than the industry average as 68.80% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.47 |
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 2Y35.02%
EPS Next 3Y24.95%
5. Dividend
5.1 Amount
- MAC has a Yearly Dividend Yield of 3.71%.
- MAC's Dividend Yield is slightly below the industry average, which is at 6.59.
- Compared to an average S&P500 Dividend Yield of 1.83, MAC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
5.2 History
- The dividend of MAC decreases each year by -25.88%.
- MAC has paid a dividend for at least 10 years, which is 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
5.3 Sustainability
- MAC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-43.75%
EPS Next 2Y35.02%
EPS Next 3Y24.95%
NYSE:MAC (1/21/2026, 9:42:06 AM)
18.75
+0.32 (+1.74%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-25 2026-02-25/amc
Inst Owners103.36%
Inst Owner Change0.03%
Ins Owners0.31%
Ins Owner Change-0.06%
Market Cap4.80B
Revenue(TTM)1.03B
Net Income(TTM)-390.44M
Analysts70
Price Target20.11 (7.25%)
Short Float %6.16%
Short Ratio9.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
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)0.73%
PT rev (3m)1.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.99%
EPS NY rev (1m)0%
EPS NY rev (3m)-20.96%
Revenue NQ rev (1m)-1.81%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 4.68 | ||
| P/FCF | N/A | ||
| P/OCF | 14.72 | ||
| P/B | 1.91 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 17.47 |
EPS(TTM)-1.59
EYN/A
EPS(NY)-0.15
Fwd EYN/A
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)1.27
OCFY6.79%
SpS4.01
BVpS9.8
TBVpS9.03
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.04 |
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 Y42.64%
EPS Next 2Y35.02%
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 Year20.7%
Revenue Next 2Y9.97%
Revenue Next 3Y7.07%
Revenue Next 5Y5.17%
EBIT growth 1Y-8%
EBIT growth 3Y9.58%
EBIT growth 5Y-4.36%
EBIT Next Year209.54%
EBIT Next 3Y49.32%
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.