SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPG - US8288061091 - REIT
184.92 USD
+2.61 (+1.43%)
184.91 USD
-0.01 (-0.01%)
SPG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 126 industry peers in the Diversified REITs industry. SPG has an excellent profitability rating, but there are concerns on its financial health. SPG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- SPG had positive earnings in the past year.
- SPG had a positive operating cash flow in the past year.
- SPG had positive earnings in each of the past 5 years.
- SPG had a positive operating cash flow in each 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 better Return On Equity (95.47%) than 100.00% of its industry peers.
- The Return On Invested Capital of SPG (8.31%) is better than 100.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SPG is above the industry average of 3.06%.
- The 3 year average ROIC (7.62%) for SPG is below the current ROIC(8.31%), indicating increased profibility in the last year.
| 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
- SPG's Profit Margin of 36.44% is amongst the best of the industry. SPG outperforms 90.48% of its industry peers.
- SPG's Profit Margin has improved in the last couple of years.
- SPG's Operating Margin of 50.70% is amongst the best of the industry. SPG outperforms 92.86% of its industry peers.
- SPG's Operating Margin has been stable in the last couple of years.
- SPG has a better Gross Margin (81.99%) than 82.54% 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 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPG is creating some value.
- Compared to 1 year ago, SPG has about the same amount of shares outstanding.
- SPG has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SPG has an improved debt to assets ratio.
2.2 Solvency
- SPG has an Altman-Z score of 1.29. This is a bad value and indicates that SPG is not financially healthy and even has some risk of bankruptcy.
- With an excellent Altman-Z score value of 1.29, SPG belongs to the best of the industry, outperforming 86.51% of the companies in the same industry.
- SPG has a debt to FCF ratio of 8.26. This is a slightly negative value and a sign of low solvency as SPG would need 8.26 years to pay back of all of its debts.
- SPG has a better Debt to FCF ratio (8.26) than 94.44% of its industry peers.
- A Debt/Equity ratio of 10.98 is on the high side and indicates that SPG has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 10.98, SPG is doing worse than 93.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.98 | ||
| Debt/FCF | 8.26 | ||
| Altman-Z | 1.29 |
ROIC/WACC1.17
WACC7.11%
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 worse Current ratio (0.60) than 75.40% of its industry peers.
- A Quick Ratio of 0.60 indicates that SPG may have some problems paying its short term obligations.
- SPG's Quick ratio of 0.60 is on the low side compared to the rest of the industry. SPG is outperformed by 74.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
- SPG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.52%.
- The Earnings Per Share has been growing slightly by 1.29% on average over the past years.
- The Revenue has been growing slightly by 4.17% in the past year.
- The Revenue has been growing slightly by 0.71% on average over the past years.
EPS 1Y (TTM)-8.52%
EPS 3Y5.29%
EPS 5Y1.29%
EPS Q2Q%27.4%
Revenue 1Y (TTM)4.17%
Revenue growth 3Y5.24%
Revenue growth 5Y0.71%
Sales Q2Q%8.44%
3.2 Future
- SPG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.02% yearly.
- SPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.57% yearly.
EPS Next Y-7.96%
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
EPS Next 5Y-0.02%
Revenue Next Year6.41%
Revenue Next 2Y5.35%
Revenue Next 3Y4.86%
Revenue Next 5Y4.57%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 26.92 indicates a quite expensive valuation of SPG.
- SPG's Price/Earnings ratio is a bit cheaper when compared to the industry. SPG is cheaper than 69.84% of the companies in the same industry.
- SPG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 26.34 indicates a quite expensive valuation of SPG.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SPG indicates a rather cheap valuation: SPG is cheaper than 83.33% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.26, SPG is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.92 | ||
| Fwd PE | 26.34 |
4.2 Price Multiples
- 77.78% 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 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.34 | ||
| EV/EBITDA | 18.29 |
4.3 Compensation for Growth
- SPG has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)20.9
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.83%, SPG is a good candidate for dividend investing.
- SPG's Dividend Yield is comparable with the industry average which is at 6.86.
- Compared to an average S&P500 Dividend Yield of 1.89, SPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.83% |
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
5.3 Sustainability
- SPG pays out 123.15% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of SPG has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP123.15%
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
184.92
+2.61 (+1.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-02 2026-02-02/amc
Inst Owners93.54%
Inst Owner Change0.04%
Ins Owners0.15%
Ins Owner Change-0.29%
Market Cap60.37B
Revenue(TTM)6.16B
Net Income(TTM)2.24B
Analysts74.4
Price Target199.51 (7.89%)
Short Float %1.61%
Short Ratio3.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.83% |
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)0.31%
PT rev (3m)3.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.1%
EPS NY rev (1m)0.66%
EPS NY rev (3m)2.34%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)0.99%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.92 | ||
| Fwd PE | 26.34 | ||
| P/S | 9.81 | ||
| P/FCF | 19.34 | ||
| P/OCF | 15.02 | ||
| P/B | 25.69 | ||
| P/tB | 25.69 | ||
| EV/EBITDA | 18.29 |
EPS(TTM)6.87
EY3.72%
EPS(NY)7.02
Fwd EY3.8%
FCF(TTM)9.56
FCFY5.17%
OCF(TTM)12.31
OCFY6.66%
SpS18.85
BVpS7.2
TBVpS7.2
PEG (NY)N/A
PEG (5Y)20.9
Graham Number33.35
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 | 1.29 |
F-Score4
WACC7.11%
ROIC/WACC1.17
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)-8.52%
EPS 3Y5.29%
EPS 5Y1.29%
EPS Q2Q%27.4%
EPS Next Y-7.96%
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
EPS Next 5Y-0.02%
Revenue 1Y (TTM)4.17%
Revenue growth 3Y5.24%
Revenue growth 5Y0.71%
Sales Q2Q%8.44%
Revenue Next Year6.41%
Revenue Next 2Y5.35%
Revenue Next 3Y4.86%
Revenue Next 5Y4.57%
EBIT growth 1Y2.34%
EBIT growth 3Y8.62%
EBIT growth 5Y1.24%
EBIT Next Year57.15%
EBIT Next 3Y19.73%
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 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 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 -7.96% in the next year.