Macerich Financials

MAC Stock  USD 21.21  0.06  0.28%   
Based on the key indicators obtained from Macerich's historical financial statements, Macerich Company is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At present, Macerich's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 6.4 B, whereas Total Assets are forecasted to decline to about 7.1 B. Key indicators impacting Macerich's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio2.91.7269
Way Up
Very volatile
Current Ratio0.610.6598
Significantly Down
Very volatile
The financial analysis of Macerich is a critical element in measuring its lifeblood. Investors should not minimize Macerich's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Cash And Equivalents

167.49 Million

  
Understanding current and past Macerich Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Macerich's financial statements are interrelated, with each one affecting the others. For example, an increase in Macerich's assets may result in an increase in income on the income statement.
Please note, the presentation of Macerich's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Macerich's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Macerich's management manipulating its earnings.

Macerich Stock Summary

Macerich competes with Federal Realty, National Retail, and Kimco Realty. Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. A recognized leader in sustainability, Macerich has achieved the 1 GRESB ranking in the North American Retail Sector for five straight years . Macerich operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 6 people.
Specialization
Real Estate, Equity Real Estate Investment Trusts (REITs)
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS5543821012
CUSIP554382101
LocationCalifornia; U.S.A
Business Address401 Wilshire Boulevard,
SectorRetail REITs
IndustryReal Estate
BenchmarkDow Jones Industrial
Websitewww.macerich.com
Phone310 394 6000
CurrencyUSD - US Dollar

Macerich Key Financial Ratios

Macerich Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets8.9B9.2B8.3B8.1B7.5B7.1B
Net Debt14.2M5.7B4.5B4.4B4.2B3.7B
Retained Earnings(1.9B)(2.3B)(2.4B)(2.6B)(3.1B)(2.9B)
Other Assets221.3M8.5B6.7B328.2M6.1B6.4B
Total Liab6.0B6.7B5.2B5.1B5.0B4.7B
Other Current Liab373.5M407.0M382.2M439.8M509.5M601.4M
Accounts Payable51.0M68.8M59.2M63.1M64.2M83.4M
Cash100.0M465.3M112.5M100.3M94.9M117.6M
Net Receivables150.2M240.8M211.4M186.9M188.2M135.4M
Total Current Assets264.4M1.0B633.2M368.0M378.5M450.5M
Common Stock1.4M1.5M2.1M2.2M2.2M1.2M
Other Liab30.2M60.4M53.8M48.4M43.5M41.4M
Long Term Debt5.2B6.0B4.5B4.5B4.2B4.8B
Other Current Assets(264.4M)307.0M254.9M80.8M95.4M90.6M
Intangible Assets158.6M175.5M151.8M152.6M65.4M62.1M
Net Tangible Assets2.6B2.3B3.0B2.9B2.6B2.7B
Long Term Debt Total5.2B6.0B4.5B4.5B5.2B5.5B
Capital Surpluse4.6B4.6B5.5B5.5B6.3B4.9B
Inventory46.6M278.6M17.4M54.5M62.7M59.5M

Macerich Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense138.3M75.6M192.7M216.9M172.9M139.7M
Total Revenue927.5M786.0M847.4M859.2M881.4M737.9M
Gross Profit559.5M438.0M466.6M468.8M486.5M502.8M
Operating Income254.7M(102.2M)141.1M144.8M149.9M200.4M
Ebit585.2M(402.7M)(278.9M)(296.3M)(105.7M)(100.4M)
Ebitda585.4M155.7M452.2M436.4M190.7M181.2M
Net Income96.8M(245.5M)14.3M(65.1M)(274.1M)(260.4M)
Income Tax Expense1.6M(447K)6.9M705K(494K)(469.3K)
Cost Of Revenue368.0M348.0M380.9M390.4M394.9M333.3M
Income Before Tax104.1M(245.9M)23.1M(64.4M)(273.6M)(259.9M)
Minority Interest5.7M(15.3M)(1.9M)(989K)6.5M6.2M
Tax Provision1.6M(447K)6.9M705K(97K)(92.2K)
Interest Income48.5M27.0M15.7M5.3M4.7M4.5M
Net Interest Income(138.3M)(75.6M)(192.7M)(216.9M)(206.7M)(217.0M)

Macerich Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(35.1M)368.4M(315.7M)14.2M9.2M9.6M
Free Cash Flow155.3M53.3M175.4M239.6M295.5M310.3M
Depreciation337.7M326.1M324.4M302.5M296.4M243.0M
Other Non Cash Items(119.2M)138.7M(119.8M)21.4M246.2M258.5M
Capital Expenditures199.8M71.5M110.9M97.9M159.5M271.8M
Net Income102.6M(245.5M)16.2M(65.1M)(278.1M)(264.2M)
End Period Cash Flow114.2M482.7M167.0M181.1M190.3M121.7M
Change To Inventory(23.8M)(12.3M)40.2M17.9M16.1M17.0M
Dividends Paid474.5M(179.9M)(143.4M)(133.3M)(146.6M)(139.3M)
Investments(184.1M)(232.5M)(85.5M)(81.7M)(15.7M)(16.5M)
Change Receivables4.0M(102.6M)64.4M3.0M2.7M2.8M
Net Borrowings221.2M621.7M(1.5B)(135.5M)(122.0M)(115.9M)
Change To Netincome(102.6M)(54.8M)(15.2M)48.7M56.0M58.8M

Macerich Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Macerich's current stock value. Our valuation model uses many indicators to compare Macerich value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Macerich competition to find correlations between indicators driving Macerich's intrinsic value. More Info.
Macerich Company is regarded fourth in return on equity category among its peers. It also is regarded fourth in return on asset category among its peers reporting about  0.17  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Macerich Company is roughly  5.90 . At present, Macerich's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Macerich's earnings, one of the primary drivers of an investment's value.

Macerich Systematic Risk

Macerich's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Macerich volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Macerich correlated with the market. If Beta is less than 0 Macerich generally moves in the opposite direction as compared to the market. If Macerich Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Macerich is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Macerich is generally in the same direction as the market. If Beta > 1 Macerich moves generally in the same direction as, but more than the movement of the benchmark.

Macerich Thematic Clasifications

Macerich Company is part of FinTech investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. A collection of large financial service, investment, and banking companies. High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking
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This theme covers A collection of large financial service, investment, and banking companies. High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking. Get More Thematic Ideas
Today, most investors in Macerich Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Macerich's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Macerich growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.039)

At present, Macerich's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Macerich November 30, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Macerich help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Macerich Company. We use our internally-developed statistical techniques to arrive at the intrinsic value of Macerich Company based on widely used predictive technical indicators. In general, we focus on analyzing Macerich Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Macerich's daily price indicators and compare them against related drivers.

Complementary Tools for Macerich Stock analysis

When running Macerich's price analysis, check to measure Macerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macerich is operating at the current time. Most of Macerich's value examination focuses on studying past and present price action to predict the probability of Macerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macerich's price. Additionally, you may evaluate how the addition of Macerich to your portfolios can decrease your overall portfolio volatility.
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