SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis
USA - NYSE:SPG - US8288061091 - REIT
183.24 USD
+0.65 (+0.36%)
SPG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. SPG scores excellent on profitability, but there are concerns on its financial health. SPG has a decent growth rate and is not valued too expensively.
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.
In the past 5 years SPG always reported a positive cash flow from operatings.
1.2 Ratios
SPG has a better Return On Assets (6.34%) than 98.43% of its industry peers.
SPG's Return On Equity of 86.16% is amongst the best of the industry. SPG outperforms 100.00% of its industry peers.
SPG's Return On Invested Capital of 8.26% is amongst the best of the industry. SPG outperforms 100.00% of its industry peers.
SPG had an Average Return On Invested Capital over the past 3 years of 7.62%. This is above the industry average of 3.07%.
The last Return On Invested Capital (8.26%) for SPG is above the 3 year average (7.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 86.16% | ||
| ROIC | 8.26% |
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 35.00%. This is amongst the best in the industry. SPG outperforms 88.19% of its industry peers.
In the last couple of years the Profit Margin of SPG has grown nicely.
SPG has a Operating Margin of 50.96%. This is amongst the best in the industry. SPG outperforms 92.13% of its industry peers.
SPG's Operating Margin has been stable in the last couple of years.
SPG has a better Gross Margin (82.17%) than 81.89% of its industry peers.
SPG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.96% | ||
| PM (TTM) | 35% | ||
| GM | 82.17% |
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.
SPG has about the same amout of shares outstanding than it did 1 year ago.
SPG has more shares outstanding than it did 5 years ago.
SPG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that SPG is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.29, SPG belongs to the best of the industry, outperforming 85.04% of the companies in the same industry.
SPG has a debt to FCF ratio of 8.08. This is a slightly negative value and a sign of low solvency as SPG would need 8.08 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 8.08, SPG belongs to the best of the industry, outperforming 93.70% of the companies in the same industry.
SPG has a Debt/Equity ratio of 10.36. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 10.36, SPG is not doing good in the industry: 94.49% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.36 | ||
| Debt/FCF | 8.08 | ||
| Altman-Z | 1.29 |
ROIC/WACC1.18
WACC7.02%
2.3 Liquidity
A Current Ratio of 0.52 indicates that SPG may have some problems paying its short term obligations.
SPG has a Current ratio of 0.52. This is amonst the worse of the industry: SPG underperforms 80.31% of its industry peers.
SPG has a Quick Ratio of 0.52. 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 Quick ratio (0.52) than 77.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.59% over the past year.
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.
The Revenue has been growing slightly by 4.17% in the past year.
Measured over the past years, SPG shows a small growth in Revenue. The Revenue has been growing by 0.71% on average per year.
EPS 1Y (TTM)9.59%
EPS 3Y5.29%
EPS 5Y1.29%
EPS Q2Q%120.55%
Revenue 1Y (TTM)4.17%
Revenue growth 3Y5.24%
Revenue growth 5Y0.71%
Sales Q2Q%19.54%
3.2 Future
SPG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.33% yearly.
The Revenue is expected to grow by 4.16% on average over the next years.
EPS Next Y-10.06%
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
EPS Next 5Y-0.33%
Revenue Next Year5.8%
Revenue Next 2Y4.57%
Revenue Next 3Y4.29%
Revenue Next 5Y4.16%
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
A Price/Earnings ratio of 22.26 indicates a rather expensive valuation of SPG.
SPG's Price/Earnings ratio is a bit cheaper when compared to the industry. SPG is cheaper than 78.74% of the companies in the same industry.
When comparing the Price/Earnings ratio of SPG to the average of the S&P500 Index (26.03), we can say SPG is valued inline with the index average.
The Price/Forward Earnings ratio is 26.41, which means the current valuation is very expensive for SPG.
Based on the Price/Forward Earnings ratio, SPG is valued cheaply inside the industry as 80.31% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, SPG is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.26 | ||
| Fwd PE | 26.41 |
4.2 Price Multiples
82.68% of the companies in the same industry are cheaper than SPG, based on the Enterprise Value to EBITDA ratio.
75.59% of the companies in the same industry are more expensive than SPG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.04 | ||
| EV/EBITDA | 18.61 |
4.3 Compensation for Growth
SPG has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)17.29
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
5. Dividend
5.1 Amount
SPG has a Yearly Dividend Yield of 4.87%, which is a nice return.
Compared to an average industry Dividend Yield of 6.33, SPG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, SPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
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 129.23% 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.
DP129.23%
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
NYSE:SPG (11/5/2025, 2:37:08 PM)
183.24
+0.65 (+0.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners92.04%
Inst Owner Change-0.55%
Ins Owners0.15%
Ins Owner Change0.32%
Market Cap59.83B
Revenue(TTM)6.16B
Net Income(TTM)2.11B
Analysts74.62
Price Target193.85 (5.79%)
Short Float %1.6%
Short Ratio3.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
Yearly Dividend8.12
Dividend Growth(5Y)-0.48%
DP129.23%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.63%
Min EPS beat(2)-9.93%
Max EPS beat(2)4.67%
EPS beat(4)2
Avg EPS beat(4)-2.09%
Min EPS beat(4)-9.93%
Max EPS beat(4)4.92%
EPS beat(8)5
Avg EPS beat(8)11.3%
EPS beat(12)7
Avg EPS beat(12)9.82%
EPS beat(16)10
Avg EPS beat(16)11.77%
Revenue beat(2)0
Avg Revenue beat(2)-2.14%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)-0.33%
Revenue beat(4)2
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)1.38%
Revenue beat(8)4
Avg Revenue beat(8)-0.28%
Revenue beat(12)6
Avg Revenue beat(12)0.97%
Revenue beat(16)10
Avg Revenue beat(16)2.57%
PT rev (1m)1.89%
PT rev (3m)3.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.26 | ||
| Fwd PE | 26.41 | ||
| P/S | 9.91 | ||
| P/FCF | 19.04 | ||
| P/OCF | 14.88 | ||
| P/B | 24.4 | ||
| P/tB | 24.4 | ||
| EV/EBITDA | 18.61 |
EPS(TTM)8.23
EY4.49%
EPS(NY)6.94
Fwd EY3.79%
FCF(TTM)9.63
FCFY5.25%
OCF(TTM)12.32
OCFY6.72%
SpS18.48
BVpS7.51
TBVpS7.51
PEG (NY)N/A
PEG (5Y)17.29
Graham Number37.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 86.16% | ||
| ROCE | 10.46% | ||
| ROIC | 8.26% | ||
| ROICexc | 8.62% | ||
| ROICexgc | 9.05% | ||
| OM | 50.96% | ||
| PM (TTM) | 35% | ||
| GM | 82.17% | ||
| FCFM | 52.08% |
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-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.36 | ||
| Debt/FCF | 8.08 | ||
| Debt/EBITDA | 5.64 | ||
| Cap/Depr | 61.61% | ||
| Cap/Sales | 14.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.33% | ||
| Profit Quality | 148.78% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 1.29 |
F-Score5
WACC7.02%
ROIC/WACC1.18
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)9.59%
EPS 3Y5.29%
EPS 5Y1.29%
EPS Q2Q%120.55%
EPS Next Y-10.06%
EPS Next 2Y-2.25%
EPS Next 3Y-0.35%
EPS Next 5Y-0.33%
Revenue 1Y (TTM)4.17%
Revenue growth 3Y5.24%
Revenue growth 5Y0.71%
Sales Q2Q%19.54%
Revenue Next Year5.8%
Revenue Next 2Y4.57%
Revenue Next 3Y4.29%
Revenue Next 5Y4.16%
EBIT growth 1Y3.35%
EBIT growth 3Y8.62%
EBIT growth 5Y1.24%
EBIT Next Year59.25%
EBIT Next 3Y19.29%
EBIT Next 5Y13.34%
FCF growth 1Y1.24%
FCF growth 3Y-0.54%
FCF growth 5Y0.85%
OCF growth 1Y4.93%
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.
What is the valuation status for SPG stock?
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.
What are the PE and PB ratios of SIMON PROPERTY GROUP INC (SPG) stock?
The Price/Earnings (PE) ratio for SIMON PROPERTY GROUP INC (SPG) is 22.26 and the Price/Book (PB) ratio is 24.4.
Is the dividend of SIMON PROPERTY GROUP INC sustainable?
The dividend rating of SIMON PROPERTY GROUP INC (SPG) is 5 / 10 and the dividend payout ratio is 129.23%.