SIMON PROPERTY GROUP INC (SPG) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SPG • US8288061091

196.57 USD
-3.03 (-1.52%)
At close: Feb 9, 2026
196.57 USD
0 (0%)
After Hours: 2/9/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, SPG scores 6 out of 10 in our fundamental rating. SPG was compared to 122 industry peers in the Diversified REITs industry. While SPG has a great profitability rating, there are some minor concerns on its financial health. SPG is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

9

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.
  • Of the past 5 years SPG 4 years had a positive operating cash flow.
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 100.00% of its industry peers.
  • SPG has a better Return On Equity (95.47%) than 100.00% of its industry peers.
  • SPG has a better Return On Invested Capital (8.31%) than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SPG is above the industry average of 3.07%.
  • 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

  • SPG's Profit Margin of 36.44% is amongst the best of the industry. SPG outperforms 90.98% of its industry peers.
  • In the last couple of years the Profit Margin of SPG has grown nicely.
  • SPG has a Operating Margin of 50.70%. This is amongst the best in the industry. SPG outperforms 93.44% of its industry peers.
  • SPG's Operating Margin has improved in the last couple of years.
  • The Gross Margin of SPG (81.99%) is better than 82.79% of its industry peers.
  • SPG's Gross Margin has been stable in the last couple of years.
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

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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.
  • The number of shares outstanding for SPG has been reduced compared to 5 years ago.
  • Compared to 1 year ago, SPG has an improved debt to assets ratio.
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 1.38. 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 1.38, SPG belongs to the best of the industry, outperforming 87.70% of the companies in the same industry.
  • 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 94.26% 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.
  • 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 1.38
ROIC/WACC1.16
WACC7.17%
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.
  • With a Current ratio value of 0.60, SPG is not doing good in the industry: 75.41% of the companies in the same industry are doing better.
  • 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 has a Quick ratio of 0.60. This is in the lower half of the industry: SPG underperforms 74.59% 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

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

4

3. Growth

3.1 Past

  • SPG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.87%, which is quite impressive.
  • The Earnings Per Share has been growing by 29.80% on average over the past years. This is a very strong growth
  • SPG shows a small growth in Revenue. In the last year, the Revenue has grown by 6.72%.
  • Measured over the past years, SPG shows a small growth in Revenue. The Revenue has been growing by 6.67% on average per year.
EPS 1Y (TTM)95.87%
EPS 3Y29.68%
EPS 5Y29.8%
EPS Q2Q%360.29%
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 very negative growth in Earnings Per Share. The EPS will decrease by -12.02% on average per year.
  • The Revenue is expected to grow by 3.97% on average over the next years.
EPS Next Y-50%
EPS Next 2Y-28.17%
EPS Next 3Y-20.95%
EPS Next 5Y-12.02%
Revenue Next Year5.46%
Revenue Next 2Y4.63%
Revenue Next 3Y4.13%
Revenue Next 5Y3.97%

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 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 5 10

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5

4. Valuation

4.1 Price/Earnings Ratio

  • SPG is valuated correctly with a Price/Earnings ratio of 13.82.
  • Based on the Price/Earnings ratio, SPG is valued cheaper than 90.16% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SPG to the average of the S&P500 Index (28.06), we can say SPG is valued rather cheaply.
  • SPG is valuated quite expensively with a Price/Forward Earnings ratio of 27.65.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SPG indicates a rather cheap valuation: SPG is cheaper than 81.97% of the companies listed in the same industry.
  • SPG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.82
Fwd PE 27.65
SPG Price Earnings VS Forward Price EarningsSPG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SPG is valued a bit more expensive than the industry average as 79.51% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPG indicates a somewhat cheap valuation: SPG is cheaper than 77.87% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 20.56
EV/EBITDA 19.31
SPG Per share dataSPG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The excellent profitability rating of SPG may justify a higher PE ratio.
  • A cheap valuation may be justified as SPG's earnings are expected to decrease with -20.95% in the coming years.
PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y-28.17%
EPS Next 3Y-20.95%

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.41%, SPG is a good candidate for dividend investing.
  • SPG's Dividend Yield is comparable with the industry average which is at 6.80.
  • SPG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.41%

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.
  • SPG's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP123.15%
EPS Next 2Y-28.17%
EPS Next 3Y-20.95%
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

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SIMON PROPERTY GROUP INC

NYSE:SPG (2/9/2026, 8:04:00 PM)

After market: 196.57 0 (0%)

196.57

-3.03 (-1.52%)

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-5.23%
Ins Owners0.15%
Ins Owner Change-0.29%
Market Cap64.17B
Revenue(TTM)6.36B
Net Income(TTM)2.24B
Analysts74.4
Price Target203.71 (3.63%)
Short Float %1.57%
Short Ratio3.45
Dividend
Industry RankSector Rank
Dividend Yield 4.41%
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)2.21%
PT rev (3m)5.08%
EPS NQ rev (1m)1.32%
EPS NQ rev (3m)1.42%
EPS NY rev (1m)1.29%
EPS NY rev (3m)2.5%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)1.23%
Revenue NY rev (3m)2.75%
Valuation
Industry RankSector Rank
PE 13.82
Fwd PE 27.65
P/S 10.43
P/FCF 20.56
P/OCF 15.97
P/B 27.31
P/tB 27.31
EV/EBITDA 19.31
EPS(TTM)14.22
EY7.23%
EPS(NY)7.11
Fwd EY3.62%
FCF(TTM)9.56
FCFY4.86%
OCF(TTM)12.31
OCFY6.26%
SpS18.85
BVpS7.2
TBVpS7.2
PEG (NY)N/A
PEG (5Y)0.46
Graham Number47.99
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 1.38
F-Score4
WACC7.17%
ROIC/WACC1.16
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)95.87%
EPS 3Y29.68%
EPS 5Y29.8%
EPS Q2Q%360.29%
EPS Next Y-50%
EPS Next 2Y-28.17%
EPS Next 3Y-20.95%
EPS Next 5Y-12.02%
Revenue 1Y (TTM)6.72%
Revenue growth 3Y6.35%
Revenue growth 5Y6.67%
Sales Q2Q%14.52%
Revenue Next Year5.46%
Revenue Next 2Y4.63%
Revenue Next 3Y4.13%
Revenue Next 5Y3.97%
EBIT growth 1Y2.34%
EBIT growth 3Y7.12%
EBIT growth 5Y10%
EBIT Next Year54.78%
EBIT Next 3Y17.62%
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 6 / 10 to SPG.


Can you provide the valuation status for SIMON PROPERTY GROUP INC?

ChartMill assigns a valuation rating of 5 / 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 decline by -50% in the next year.