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
Taking everything into account, SPG scores 5 out of 10 in our fundamental rating. SPG was compared to 124 industry peers in the Diversified REITs industry. SPG has an excellent profitability rating, 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.
- In the past year SPG had a positive cash flow from operations.
- Each year in the past 5 years SPG has been profitable.
- SPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SPG has a Return On Assets of 6.68%. This is amongst the best in the industry. SPG outperforms 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.
- The Average Return On Invested Capital over the past 3 years 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
- SPG's Profit Margin of 36.44% is amongst the best of the industry. SPG outperforms 90.32% of its industry peers.
- 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 92.74% of its industry peers.
- SPG's Operating Margin has been stable in the last couple of years.
- The Gross Margin of SPG (81.99%) is better than 82.26% of its industry peers.
- SPG's Gross Margin has been stable in the last couple of years.
| 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.
- The number of shares outstanding for SPG remains at a similar level compared to 1 year ago.
- The number of shares outstanding for SPG has been increased compared to 5 years ago.
- SPG has a better debt/assets ratio than last year.
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.
- 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.
- 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 better Debt to FCF ratio (8.26) than 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
- 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 75.00% of its industry peers.
- 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 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 for SPG have decreased by -8.52% in the last year.
- SPG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.29% yearly.
- Looking at the last year, SPG shows a small growth in Revenue. The Revenue has grown by 4.17% in the last 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 Year6.54%
Revenue Next 2Y5.72%
Revenue Next 3Y5.08%
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.
- 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
- Based on the Price/Earnings ratio of 27.85, the valuation of SPG can be described as expensive.
- SPG's Price/Earnings ratio is a bit cheaper when compared to the industry. SPG is cheaper than 67.74% of the companies in the same industry.
- When comparing the Price/Earnings ratio of SPG to the average of the S&P500 Index (28.32), we can say SPG is valued inline with the index average.
- 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 cheaper than 83.06% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of SPG to the average of the S&P500 Index (25.57), we can say SPG is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.85 | ||
| Fwd PE | 27.25 |
4.2 Price Multiples
- SPG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SPG is more expensive than 79.03% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPG indicates a somewhat cheap valuation: SPG is cheaper than 78.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.01 | ||
| EV/EBITDA | 18.93 |
4.3 Compensation for Growth
- SPG has an outstanding profitability rating, which 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.
- Compared to an average industry Dividend Yield of 6.98, SPG has a dividend in line with its industry peers.
- 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
- 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-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.