The Macerich Company engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The company was founded in 1964 and is based in Santa Monica, California.
MAC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for MAC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Macerich Co ranked in the 3th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Macerich Co ended up being:
The company's compound free cash flow growth rate over the past 5.47 years comes in at -0.38%; that's greater than only 3.28% of US stocks we're applying DCF forecasting to.
As a business, Macerich Co experienced a tax rate of about 0% over the past twelve months; relative to its sector (Real Estate), this tax rate is higher than only 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MAC, try CPT, CXP, ELS, COLD, and CWK.
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