SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis

NYSE:SPG • US8288061091

202.48 USD
-1.37 (-0.67%)
Last: Mar 2, 2026, 01:03 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall SPG gets a fundamental rating of 5 out of 10. We evaluated SPG against 122 industry peers in the Diversified REITs industry. While SPG belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SPG is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

9

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.
  • In the past 5 years SPG has always been profitable.
  • SPG had a positive operating cash flow in 4 of the past 5 years.
SPG Yearly Net Income VS EBIT VS OCF VS FCFSPG 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 2025 1B 2B 3B 4B

1.2 Ratios

  • SPG has a better Return On Assets (6.68%) than 98.36% of its industry peers.
  • The Return On Equity of SPG (95.47%) is better than 100.00% of its industry peers.
  • With an excellent Return On Invested Capital value of 8.31%, SPG belongs to the best 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 3.09%.
  • The 3 year average ROIC (7.61%) for SPG is below the current ROIC(8.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.68%
ROE 95.47%
ROIC 8.31%
ROA(3y)8.45%
ROA(5y)7.69%
ROE(3y)81.56%
ROE(5y)75.91%
ROIC(3y)7.61%
ROIC(5y)7.22%
SPG Yearly ROA, ROE, ROICSPG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • Looking at the Profit Margin, with a value of 36.44%, SPG belongs to the top of the industry, outperforming 90.16% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SPG has grown nicely.
  • SPG's Operating Margin of 50.70% is amongst the best of the industry. SPG outperforms 92.62% of its industry peers.
  • In the last couple of years the Operating Margin of SPG has grown nicely.
  • SPG has a Gross Margin of 81.99%. This is amongst the best in the industry. SPG outperforms 81.97% 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 RankSector Rank
OM 50.7%
PM (TTM) 36.44%
GM 81.99%
OM growth 3Y0.72%
OM growth 5Y3.12%
PM growth 3Y21.64%
PM growth 5Y24.72%
GM growth 3Y0.33%
GM growth 5Y0.28%
SPG Yearly Profit, Operating, Gross MarginsSPG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPG is creating some value.
  • SPG has less shares outstanding than it did 1 year ago.
  • SPG has less shares outstanding than it did 5 years ago.
  • SPG has a better debt/assets ratio than last year.
SPG Yearly Shares OutstandingSPG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
SPG Yearly Total Debt VS Total AssetsSPG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • SPG has an Altman-Z score of 1.49. This is a bad value and indicates that SPG is not financially healthy and even has some risk of bankruptcy.
  • SPG has a Altman-Z score of 1.49. This is amongst the best in the industry. SPG outperforms 87.70% of its industry peers.
  • 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.
  • SPG has a Debt to FCF ratio of 8.26. This is amongst the best in the industry. SPG outperforms 92.62% of its industry peers.
  • SPG has a Debt/Equity ratio of 10.98. This is a high value indicating a heavy dependency on external financing.
  • SPG has a worse Debt to Equity ratio (10.98) than 93.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 10.98
Debt/FCF 8.26
Altman-Z 1.49
ROIC/WACC1.17
WACC7.09%
SPG Yearly LT Debt VS Equity VS FCFSPG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 0.60 indicates that SPG may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.60, SPG is doing worse than 68.85% of the companies in the same industry.
  • A Quick Ratio of 0.60 indicates that SPG may have some problems paying its short term obligations.
  • SPG has a worse Quick ratio (0.60) than 68.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.6
Quick Ratio 0.6
SPG Yearly Current Assets VS Current LiabilitesSPG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

More info and screens

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

3

3. Growth

3.1 Past

  • SPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.55%.
  • The Earnings Per Share has been growing slightly by 6.38% on average over the past years.
  • Looking at the last year, SPG shows a small growth in Revenue. The Revenue has grown by 6.72% in the last year.
  • SPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.67% yearly.
EPS 1Y (TTM)-27.55%
EPS 3Y-6.91%
EPS 5Y6.38%
EPS Q2Q%-78.92%
Revenue 1Y (TTM)6.72%
Revenue growth 3Y6.35%
Revenue growth 5Y6.67%
Sales Q2Q%14.52%

3.2 Future

  • Based on estimates for the next years, SPG will show a small growth in Earnings Per Share. The EPS will grow by 7.99% on average per year.
  • The Revenue is expected to grow by 4.10% on average over the next years.
EPS Next Y35.18%
EPS Next 2Y18.1%
EPS Next 3Y10.12%
EPS Next 5Y7.99%
Revenue Next Year8.72%
Revenue Next 2Y6.57%
Revenue Next 3Y6.93%
Revenue Next 5Y4.1%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SPG Yearly Revenue VS EstimatesSPG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
SPG Yearly EPS VS EstimatesSPG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 38.49, which means the current valuation is very expensive for SPG.
  • Compared to the rest of the industry, the Price/Earnings ratio of SPG is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, SPG is valued a bit more expensive.
  • The Price/Forward Earnings ratio is 28.48, which means the current valuation is very expensive for SPG.
  • SPG's Price/Forward Earnings ratio is rather cheap when compared to the industry. SPG is cheaper than 81.97% of the companies in the same industry.
  • SPG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.05, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 38.49
Fwd PE 28.48
SPG Price Earnings VS Forward Price EarningsSPG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 81.97% of the companies in the same industry are cheaper than SPG, based on the Enterprise Value to EBITDA ratio.
  • SPG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SPG is cheaper than 77.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.26
EV/EBITDA 20.57
SPG Per share dataSPG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • SPG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of SPG may justify a higher PE ratio.
PEG (NY)1.09
PEG (5Y)6.03
EPS Next 2Y18.1%
EPS Next 3Y10.12%

More info and screens

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.34%, SPG is a good candidate for dividend investing.
  • SPG's Dividend Yield is comparable with the industry average which is at 7.13.
  • SPG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.34%

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
SPG Yearly Dividends per shareSPG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

5.3 Sustainability

  • SPG pays out 123.15% of its income as dividend. This is not a sustainable payout ratio.
DP123.15%
EPS Next 2Y18.1%
EPS Next 3Y10.12%
SPG Yearly Income VS Free CF VS DividendSPG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
SPG Dividend Payout.SPG Dividend Payout, showing the Payout Ratio.SPG Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

SIMON PROPERTY GROUP INC

NYSE:SPG (3/2/2026, 1:03:05 PM)

202.48

-1.37 (-0.67%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-02
Earnings (Next)N/A
Inst Owners93.54%
Inst Owner Change-3.85%
Ins Owners0.15%
Ins Owner Change-0.31%
Market Cap69.46B
Revenue(TTM)6.36B
Net Income(TTM)2.24B
Analysts74.62
Price Target206.09 (1.78%)
Short Float %1.64%
Short Ratio3.46
Dividend
Industry RankSector Rank
Dividend Yield 4.34%
Yearly Dividend8.12
Dividend Growth(5Y)-0.48%
DP123.15%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-10
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)3.3%
PT rev (3m)4.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.32%
EPS NY rev (1m)1.29%
EPS NY rev (3m)2.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)3.64%
Revenue NY rev (3m)5.93%
Valuation
Industry RankSector Rank
PE 38.49
Fwd PE 28.48
P/S 11.29
P/FCF 22.26
P/OCF 17.29
P/B 29.56
P/tB 29.56
EV/EBITDA 20.57
EPS(TTM)5.26
EY2.6%
EPS(NY)7.11
Fwd EY3.51%
FCF(TTM)9.1
FCFY4.49%
OCF(TTM)11.71
OCFY5.78%
SpS17.94
BVpS6.85
TBVpS6.85
PEG (NY)1.09
PEG (5Y)6.03
Graham Number28.47
Profitability
Industry RankSector 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)8.45%
ROA(5y)7.69%
ROE(3y)81.56%
ROE(5y)75.91%
ROIC(3y)7.61%
ROIC(5y)7.22%
ROICexc(3y)7.91%
ROICexc(5y)7.45%
ROICexgc(3y)8.05%
ROICexgc(5y)7.54%
ROCE(3y)9.63%
ROCE(5y)9.14%
ROICexgc growth 3Y1.84%
ROICexgc growth 5Y7.57%
ROICexc growth 3Y-0.05%
ROICexc growth 5Y6.38%
OM growth 3Y0.72%
OM growth 5Y3.12%
PM growth 3Y21.64%
PM growth 5Y24.72%
GM growth 3Y0.33%
GM growth 5Y0.28%
F-Score4
Asset Turnover0.18
Health
Industry RankSector 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 1.49
F-Score4
WACC7.09%
ROIC/WACC1.17
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.55%
EPS 3Y-6.91%
EPS 5Y6.38%
EPS Q2Q%-78.92%
EPS Next Y35.18%
EPS Next 2Y18.1%
EPS Next 3Y10.12%
EPS Next 5Y7.99%
Revenue 1Y (TTM)6.72%
Revenue growth 3Y6.35%
Revenue growth 5Y6.67%
Sales Q2Q%14.52%
Revenue Next Year8.72%
Revenue Next 2Y6.57%
Revenue Next 3Y6.93%
Revenue Next 5Y4.1%
EBIT growth 1Y2.34%
EBIT growth 3Y7.12%
EBIT growth 5Y10%
EBIT Next Year58.78%
EBIT Next 3Y19.01%
EBIT Next 5Y12.15%
FCF growth 1Y2.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.7%
OCF growth 3YN/A
OCF growth 5YN/A

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 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.


Can you provide the financial health for SPG stock?

The financial health rating of SIMON PROPERTY GROUP INC (SPG) is 4 / 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 grow by 35.18% in the next year.