SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SPG • US8288061091
191.31 USD
+1.51 (+0.8%)
At close: Jan 30, 2026
193.88 USD
+2.57 (+1.34%)
After Hours: 1/30/2026, 8:19:34 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
- SPG had positive earnings in the past year.
- In the past year SPG had a positive cash flow from operations.
- In the past 5 years SPG has always been profitable.
- Each year in the past 5 years SPG had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.68%, SPG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- The Return On Equity of SPG (95.47%) is better than 100.00% of its industry peers.
- SPG has a Return On Invested Capital of 8.31%. This is amongst the best in the industry. SPG outperforms 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 3.05%.
- 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 has a Profit Margin of 36.44%. This is amongst the best in the industry. SPG outperforms 90.32% of its industry peers.
- SPG's Profit Margin has improved in the last couple of years.
- The Operating Margin of SPG (50.70%) is better than 92.74% of its industry peers.
- In the last couple of years the Operating Margin of SPG has remained more or less at the same level.
- SPG has a Gross Margin of 81.99%. This is amongst the best in the industry. SPG outperforms 82.26% 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
- SPG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, SPG has about the same amount of shares outstanding.
- Compared to 5 years ago, SPG has more shares outstanding
- The debt/assets ratio for SPG has been reduced compared to a year ago.
2.2 Solvency
- SPG has an Altman-Z score of 1.34. 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 1.34. This is amongst the best in the industry. SPG outperforms 87.10% of its industry peers.
- 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's Debt to FCF ratio of 8.26 is amongst the best of the industry. SPG outperforms 94.35% 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 93.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.98 | ||
| Debt/FCF | 8.26 | ||
| Altman-Z | 1.34 |
ROIC/WACC1.16
WACC7.17%
2.3 Liquidity
- A Current Ratio of 0.60 indicates that SPG may have some problems paying its short term obligations.
- SPG has a worse Current ratio (0.60) than 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's Quick ratio of 0.60 is on the low side compared to the rest of the industry. SPG is outperformed by 74.19% 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%.
- Measured over the past 5 years, SPG shows a small growth in Earnings Per Share. The EPS has been growing by 1.29% on average per year.
- Looking at the last year, SPG shows a small growth in Revenue. The Revenue has grown by 4.17% in the last year.
- SPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.71% yearly.
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
- The Earnings Per Share is expected to decrease by -0.02% on average over the next years.
- 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 Year6.54%
Revenue Next 2Y5.72%
Revenue Next 3Y5.08%
Revenue Next 5Y4.57%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- With a Price/Earnings ratio of 27.85, SPG can be considered very expensive at the moment.
- 67.74% of the companies in the same industry are more expensive than SPG, based on the Price/Earnings ratio.
- SPG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 27.25, SPG can be considered very expensive at the moment.
- Based on the Price/Forward Earnings ratio, SPG is valued cheaply inside the industry as 83.06% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, SPG is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.85 | ||
| Fwd PE | 27.25 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPG is valued a bit more expensive than 79.03% of the companies in the same industry.
- 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 | 20.01 | ||
| EV/EBITDA | 18.93 |
4.3 Compensation for Growth
- The excellent profitability rating of SPG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)21.62
EPS Next 2Y-1.67%
EPS Next 3Y-0.21%
5. Dividend
5.1 Amount
- SPG has a Yearly Dividend Yield of 4.64%, which is a nice return.
- SPG's Dividend Yield is comparable with the industry average which is at 6.98.
- SPG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
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
- 123.15% of the earnings are spent on dividend by SPG. 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-1.67%
EPS Next 3Y-0.21%
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.