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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Macerich Co. 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 balance sheet shows it gets 15% of its capital from equity, and 85% of its capital from debt. Its equity weight surpasses that of only 6.62% of free cash flow generating stocks in the Real Estate sector.
Its compound free cash flow growth rate, as measured over the past 5.47 years, is -0.38% -- higher than merely 3.21% of stocks in our DCF forecasting set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CPT, CXP, ELS, COLD, and CWK can be thought of as valuation peers to MAC, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
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