Macerich Company

Company Profile

Macerich Company had its IPO on 1994-03-09 under the ticker symbol MAC.

The company operates in the Real Estate sector and REIT-Retail industry. Macerich Company has a staff strength of 650 employees.

Stock update

Shares of Macerich Company opened at $11.81 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $11.73 - $11.89, and closed at $11.88.

This is a +0.59% increase from the previous day's closing price.

A total volume of 940,425 shares were traded at the close of the day’s session.

In the last one week, shares of Macerich Company have increased by +0.51%.

Macerich Company's Key Ratios

Macerich Company has a market cap of $2.65 billion, indicating a price to book ratio of 0.9231 and a price to sales ratio of 3.2605.

In the last 12-months Macerich Company’s revenue was $826.48 million with a gross profit of $475.16 million and an EBITDA of $415.02 million. The EBITDA ratio measures Macerich Company's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Macerich Company’s operating margin was 14.1% while its return on assets stood at 0.91% with a return of equity of -2.82%.

In Q2, Macerich Company’s quarterly earnings growth was a positive 0% while revenue growth was a negative 2.4%.

Macerich Company’s PE and PEG Ratio

Forward PE

500

Trailing PE

0

PEG

-485

Its diluted EPS in the last 12-months stands at $-0.4 per share while it has a forward price to earnings multiple of 500 and a PEG multiple of -485. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Macerich Company’s profitability.

Macerich Company stock is trading at a EV to sales ratio of 8.1537 and a EV to EBITDA ratio of 13.0527. Its price to sales ratio in the trailing 12-months stood at 3.2605.

Macerich Company stock pays annual dividends of $0.66 per share, indicating a yield of 5.79% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$7.89 billion

Total Liabilities

$563.04 million

Operating Cash Flow

$-59248000.00

Capital Expenditure

$67.18 million

Dividend Payout Ratio

0%

Macerich Company ended 2024 with $7.89 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.89 billion while shareholder equity stood at $2.73 billion.

Macerich Company ended 2024 with $0 in deferred long-term liabilities, $563.04 million in other current liabilities, 2154000.00 in common stock, $-2790097000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $92.47 million and cash and short-term investments were $92.47 million. The company’s total short-term debt was $0 while long-term debt stood at $4.30 billion.

Macerich Company’s total current assets stands at $598.02 million while long-term investments were $1.03 billion and short-term investments were $0. Its net receivables were $167.75 million compared to accounts payable of $57.00 million and inventory worth $92.34 million.

In 2024, Macerich Company's operating cash flow was $-59248000.00 while its capital expenditure stood at $67.18 million.

Comparatively, Macerich Company paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$11.88

52-Week High

$13.8664

52-Week Low

$6.9753

Analyst Target Price

$11.68

Macerich Company stock is currently trading at $11.88 per share. It touched a 52-week high of $13.8664 and a 52-week low of $13.8664. Analysts tracking the stock have a 12-month average target price of $11.68.

Its 50-day moving average was $11.92 and 200-day moving average was $11.11 The short ratio stood at 8.76 indicating a short percent outstanding of 0%.

Around 73.4% of the company’s stock are held by insiders while 8629.4% are held by institutions.