SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SPG • US8288061091
189.42 USD
-1.8 (-0.94%)
At close: Feb 3, 2026
189.42 USD
0 (0%)
After Hours: 2/3/2026, 4:50:36 PM
Overall SPG gets a fundamental rating of 5 out of 10. We evaluated SPG against 124 industry peers in the Diversified REITs industry. SPG scores excellent on profitability, 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
- In the past year SPG was profitable.
- SPG had a positive operating cash flow in the past year.
- Of the past 5 years SPG 4 years were profitable.
- SPG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- SPG has a better Return On Assets (6.68%) than 100.00% of its industry peers.
- SPG has a Return On Equity of 95.47%. This is amongst the best in the industry. SPG outperforms 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.
- With an excellent Operating Margin value of 50.70%, SPG belongs to the best of the industry, outperforming 92.74% of the companies in the same industry.
- SPG's Operating Margin has been stable in the last couple of years.
- 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPG is still creating some value.
- SPG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- Based on the Altman-Z score of 1.34, we must say that SPG is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.34, SPG belongs to the top of the industry, outperforming 87.10% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 8.26, SPG belongs to the top 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.
- SPG has a Debt to Equity ratio of 10.98. This is amonst the worse of the industry: SPG underperforms 93.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.98 | ||
| Debt/FCF | 8.26 | ||
| Altman-Z | 1.34 |
ROIC/WACC1.16
WACC7.18%
2.3 Liquidity
- SPG has a Current Ratio of 0.60. 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 Current ratio of 0.60. This is in the lower half of the industry: SPG underperforms 75.00% of its industry peers.
- SPG has a Quick Ratio of 0.60. 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 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
- The Earnings Per Share has grown by an impressive 95.87% over the past year.
- Measured over the past years, SPG shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.80% on average per year.
EPS 1Y (TTM)95.87%
EPS 3Y29.68%
EPS 5Y29.8%
EPS Q2Q%360.29%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.52%
3.2 Future
- The Earnings Per Share is expected to decrease by -12.02% on average over the next years. This is quite bad
- Based on estimates for the next years, SPG will show a small growth in Revenue. The Revenue will grow by 3.97% on average per year.
EPS Next Y-50.64%
EPS Next 2Y-28.77%
EPS Next 3Y-21.46%
EPS Next 5Y-12.02%
Revenue Next Year4.91%
Revenue Next 2Y4.36%
Revenue Next 3Y3.42%
Revenue Next 5Y3.97%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- SPG is valuated correctly with a Price/Earnings ratio of 13.32.
- 89.52% of the companies in the same industry are more expensive than SPG, based on the Price/Earnings ratio.
- SPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.41.
- SPG is valuated quite expensively with a Price/Forward Earnings ratio of 26.98.
- SPG's Price/Forward Earnings ratio is rather cheap when compared to the industry. SPG is cheaper than 83.06% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.64. SPG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 26.98 |
4.2 Price Multiples
- 79.03% of the companies in the same industry are cheaper than SPG, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, SPG is valued a bit cheaper than 78.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.81 | ||
| EV/EBITDA | 18.93 |
4.3 Compensation for Growth
- The excellent profitability rating of SPG may justify a higher PE ratio.
- A cheap valuation may be justified as SPG's earnings are expected to decrease with -21.46% in the coming years.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y-28.77%
EPS Next 3Y-21.46%
5. Dividend
5.1 Amount
- SPG has a Yearly Dividend Yield of 4.60%, which is a nice return.
- SPG's Dividend Yield is comparable with the industry average which is at 6.98.
- Compared to an average S&P500 Dividend Yield of 1.83, SPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
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
- SPG pays out 123.15% of its income as dividend. 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-28.77%
EPS Next 3Y-21.46%
189.42
-1.8 (-0.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-02 2026-02-02/amc
Earnings (Next)N/A N/A
Inst Owners93.54%
Inst Owner Change-5.26%
Ins Owners0.15%
Ins Owner Change-0.29%
Market Cap61.84B
Revenue(TTM)N/A
Net Income(TTM)2.24B
Analysts74.4
Price Target199.51 (5.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Yearly Dividend8.12
Dividend Growth(5Y)-0.48%
DP123.15%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.15%
Min EPS beat(2)4.67%
Max EPS beat(2)9.62%
EPS beat(4)3
Avg EPS beat(4)2.32%
Min EPS beat(4)-9.93%
Max EPS beat(4)9.62%
EPS beat(8)5
Avg EPS beat(8)10.44%
EPS beat(12)7
Avg EPS beat(12)9.49%
EPS beat(16)10
Avg EPS beat(16)8.55%
Revenue beat(2)1
Avg Revenue beat(2)-1.27%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)1.39%
Revenue beat(4)2
Avg Revenue beat(4)-0.37%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)1.39%
Revenue beat(8)4
Avg Revenue beat(8)-0.26%
Revenue beat(12)6
Avg Revenue beat(12)0.59%
Revenue beat(16)10
Avg Revenue beat(16)2%
PT rev (1m)0.1%
PT rev (3m)2.92%
EPS NQ rev (1m)1.32%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)0%
EPS NY rev (3m)2.34%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.06%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 26.98 | ||
| P/S | 10.05 | ||
| P/FCF | 19.81 | ||
| P/OCF | 15.39 | ||
| P/B | 26.32 | ||
| P/tB | 26.32 | ||
| EV/EBITDA | 18.93 |
EPS(TTM)14.22
EY7.51%
EPS(NY)7.02
Fwd EY3.71%
FCF(TTM)9.56
FCFY5.05%
OCF(TTM)12.31
OCFY6.5%
SpS18.85
BVpS7.2
TBVpS7.2
PEG (NY)N/A
PEG (5Y)0.45
Graham Number47.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.68% | ||
| ROE | 95.47% | ||
| ROCE | 10.52% | ||
| ROIC | 8.31% | ||
| ROICexc | 8.77% | ||
| ROICexgc | 9.24% | ||
| OM | 50.7% | ||
| PM (TTM) | 36.44% | ||
| GM | 81.99% | ||
| FCFM | 50.71% |
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-Score4
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.98 | ||
| Debt/FCF | 8.26 | ||
| Debt/EBITDA | 5.63 | ||
| Cap/Depr | 61.52% | ||
| Cap/Sales | 14.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.75% | ||
| Profit Quality | 139.13% | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 1.34 |
F-Score4
WACC7.18%
ROIC/WACC1.16
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)95.87%
EPS 3Y29.68%
EPS 5Y29.8%
EPS Q2Q%360.29%
EPS Next Y-50.64%
EPS Next 2Y-28.77%
EPS Next 3Y-21.46%
EPS Next 5Y-12.02%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.52%
Revenue Next Year4.91%
Revenue Next 2Y4.36%
Revenue Next 3Y3.42%
Revenue Next 5Y3.97%
EBIT growth 1Y2.34%
EBIT growth 3Y8.62%
EBIT growth 5Y1.24%
EBIT Next Year57.19%
EBIT Next 3Y19.69%
EBIT Next 5Y13.34%
FCF growth 1Y3.12%
FCF growth 3Y-0.54%
FCF growth 5Y0.85%
OCF growth 1Y5.02%
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.
Can you provide the valuation status for SIMON PROPERTY GROUP INC?
ChartMill assigns a valuation rating of 5 / 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 8 / 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 -50.64% in the next year.