Macerich (MAC)
Macerich Statistics
Share Statistics
Macerich has 252.5M shares outstanding. The number of shares has increased by 17.03% in one year.
| Shares Outstanding | 252.5M |
| Shares Change (YoY) | 17.03% |
| Shares Change (QoQ) | 1.6% |
| Owned by Institutions (%) | 99.99% |
| Shares Floating | 250.67M |
| Failed to Deliver (FTD) Shares | 4.78K |
| FTD / Avg. Volume | 0.2% |
Short Selling Information
The latest short interest is 16.41M, so 6.5% of the outstanding shares have been sold short.
| Short Interest | 16.41M |
| Short % of Shares Out | 6.5% |
| Short % of Float | 6.55% |
| Short Ratio (days to cover) | 6.23 |
Valuation Ratios
The PE ratio is -22.77 and the forward PE ratio is 356.12. Macerich's PEG ratio is 0.71.
| PE Ratio | -22.77 |
| Forward PE | 356.12 |
| PS Ratio | 4.81 |
| Forward PS | 3.3 |
| PB Ratio | 1.6 |
| P/FCF Ratio | 15.59 |
| PEG Ratio | 0.71 |
Enterprise Valuation
Currently the Enterprise Value (EV) is not available for Macerich.
| EV / Sales | n/a |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.51, with a Debt / Equity ratio of 1.84.
| Current Ratio | 0.51 |
| Quick Ratio | 0.51 |
| Debt / Equity | 1.84 |
| Debt / EBITDA | 15.49 |
| Debt / FCF | 17.87 |
| Interest Coverage | 0.02 |
Financial Efficiency
Return on Equity is n/a and Return on Invested Capital is n/a.
| Return on Equity | n/a |
| Return on Assets | n/a |
| Return on Invested Capital | n/a |
| Revenue Per Employee | $1.49M |
| Profits Per Employee | $-315.64K |
| Employee Count | 615 |
| Asset Turnover | 0.11 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -1.3M |
| Effective Tax Rate | 0.65% |
Stock Price Statistics
The stock price has increased by -9.82% in the last 52 weeks. The beta is 2.14, so Macerich's price volatility has been higher than the market average.
| Beta | 2.14 |
| 52-Week Price Change | -9.82% |
| 50-Day Moving Average | 17.88 |
| 200-Day Moving Average | 17.93 |
| Relative Strength Index (RSI) | 35.33 |
| Average Volume (20 Days) | 2.38M |
Income Statement
In the last 12 months, Macerich had revenue of 918.2M and earned -194.12M in profits. Earnings per share was -0.87.
| Revenue | 918.2M |
| Gross Profit | 487.94M |
| Operating Income | 4.84M |
| Net Income | -194.12M |
| EBITDA | 326.9M |
| EBIT | 21.02M |
| Earnings Per Share (EPS) | -0.87 |
Balance Sheet
The company has 89.86M in cash and 5.06B in debt, giving a net cash position of -4.97B.
| Cash & Cash Equivalents | 89.86M |
| Total Debt | 5.06B |
| Net Cash | -4.97B |
| Retained Earnings | -3.41B |
| Total Assets | 8.57B |
| Working Capital | -551.88M |
Cash Flow
In the last 12 months, operating cash flow was 283.44M and capital expenditures 0, giving a free cash flow of 283.44M.
| Operating Cash Flow | 283.44M |
| Capital Expenditures | 0 |
| Free Cash Flow | 283.44M |
| FCF Per Share | 1.28 |
Margins
Gross margin is 53.14%, with operating and profit margins of 0.53% and -21.14%.
| Gross Margin | 53.14% |
| Operating Margin | 0.53% |
| Pretax Margin | -21.67% |
| Profit Margin | -21.14% |
| EBITDA Margin | 35.6% |
| EBIT Margin | 0.53% |
| FCF Margin | 30.87% |
Dividends & Yields
MAC pays an annual dividend of $0.68, which amounts to a dividend yield of 3.82%.
| Dividend Per Share | $0.68 |
| Dividend Yield | 3.82% |
| Dividend Growth (YoY) | 0% |
| Payout Ratio | -77.27% |
| Earnings Yield | n/a |
| FCF Yield | n/a |
Analyst Forecast
The average price target for MAC is $19, which is 33.4% higher than the current price. The consensus rating is "Hold".
| Price Target | $19 |
| Price Target Difference | 33.4% |
| Analyst Consensus | Hold |
| Analyst Count | 11 |
Stock Splits
The last stock split was on Feb 11, 2010. It was a forward split with a ratio of 507:500.
| Last Split Date | Feb 11, 2010 |
| Split Type | forward |
| Split Ratio | 507:500 |
Scores
| Altman Z-Score | -0.1 |
| Piotroski F-Score | 4 |