Financials Simon Property Group, Inc. Nyse

Equities

SPG.PRJ

US8288068856

Commercial REITs

Market Closed - Nyse 01:40:00 01/06/2024 am IST 5-day change 1st Jan Change
58.22 USD -1.27% Intraday chart for Simon Property Group, Inc. -2.90% -1.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 45,711 27,983 52,503 38,606 46,536 49,319 - -
Enterprise Value (EV) 1 69,205 53,695 77,291 62,945 71,400 74,157 73,720 72,226
P/E ratio 21.9 x 23.8 x 23.4 x 18 x 20.4 x 24.5 x 25.9 x 26.4 x
Yield 5.57% 7.04% 3.66% 5.87% - 5.22% 5.42% 5.53%
Capitalization / Revenue 7.94 x 6.07 x 10.3 x 7.3 x 8.22 x 9.13 x 8.92 x 8.61 x
EV / Revenue 12 x 11.7 x 15.1 x 11.9 x 12.6 x 13.7 x 13.3 x 12.6 x
EV / EBITDA 16.3 x 16.3 x 21 x 16.5 x 17.5 x 17.6 x 17.1 x 16.3 x
EV / FCF 23.6 x 29.1 x 24.9 x 20.2 x - 58 x 41.4 x 29.2 x
FCF Yield 4.24% 3.43% 4.02% 4.95% - 1.72% 2.41% 3.43%
Price to Book 18.1 x 9.22 x 15.6 x 13.4 x 15.4 x 18.2 x 25.5 x 28.9 x
Nbr of stocks (in thousands) 3,06,869 3,28,136 3,28,619 3,28,619 3,26,247 3,25,944 - -
Reference price 2 149.0 85.28 159.8 117.5 142.6 151.3 151.3 151.3
Announcement Date 04/02/20 08/02/21 07/02/22 06/02/23 05/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,755 4,608 5,117 5,291 5,659 5,399 5,529 5,728
EBITDA 1 4,248 3,290 3,676 3,811 4,069 4,214 4,316 4,422
EBIT 1 2,908 1,972 2,413 2,584 2,807 2,886 3,040 3,003
Operating Margin 50.53% 42.8% 47.16% 48.83% 49.6% 53.45% 54.99% 52.43%
Earnings before Tax (EBT) 1 2,002 1,187 1,617 1,822 2,314 2,528 2,156 2,196
Net income 1 2,098 1,109 2,246 2,136 2,280 2,325 2,264 2,237
Net margin 36.46% 24.07% 43.9% 40.37% 40.29% 43.06% 40.95% 39.05%
EPS 2 6.810 3.590 6.840 6.520 6.980 6.177 5.848 5.728
Free Cash Flow 1 2,932 1,843 3,109 3,117 - 1,278 1,780 2,477
FCF margin 50.94% 39.99% 60.77% 58.9% - 23.67% 32.2% 43.25%
FCF Conversion (EBITDA) 69.01% 56.01% 84.59% 81.78% - 30.33% 41.24% 56.01%
FCF Conversion (Net income) 139.73% 166.11% 138.43% 145.89% - 54.97% 78.63% 110.74%
Dividend per Share 2 8.300 6.000 5.850 6.900 - 7.898 8.200 8.372
Announcement Date 04/02/20 08/02/21 07/02/22 06/02/23 05/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,326 1,296 1,280 1,316 1,400 1,351 1,370 1,411 1,527 1,443 1,320 1,344 1,413 1,311 1,324
EBITDA 1 911.4 930.6 925 821.6 1,001 969.8 977.5 1,009 1,112 1,043 1,003 1,038 1,108 1,003 1,033
EBIT 1 591.5 620.4 626.8 652.2 684.2 662.7 657.9 694.2 792.1 735.2 680.9 726.4 782.1 687.9 710.4
Operating Margin 44.61% 47.87% 48.97% 49.57% 48.88% 49.06% 48.04% 49.2% 51.86% 50.96% 51.6% 54.04% 55.34% 52.45% 53.65%
Earnings before Tax (EBT) 1 398 435.2 439.4 464.3 483.3 463.3 439.8 640.2 734.6 919.3 506.7 538.2 616.7 535.1 538.2
Net income 1 503.2 426.6 496.7 539 673.8 451.8 486.3 594.1 747.5 731.7 511.2 534.2 643.4 473.9 546.3
Net margin 37.95% 32.92% 38.81% 40.97% 48.13% 33.45% 35.51% 42.11% 48.94% 50.72% 38.74% 39.74% 45.53% 36.13% 41.26%
EPS 2 1.530 1.300 1.510 1.650 2.060 1.380 1.490 1.820 2.290 2.250 1.325 1.396 1.610 1.253 1.419
Dividend per Share 2 1.650 1.650 1.750 1.750 1.800 1.800 1.850 1.900 - 1.950 1.956 1.969 1.980 2.036 2.025
Announcement Date 07/02/22 09/05/22 01/08/22 01/11/22 06/02/23 02/05/23 02/08/23 30/10/23 05/02/24 06/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 23,494 25,712 24,787 24,339 24,864 24,839 24,401 22,907
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.53 x 7.816 x 6.743 x 6.387 x 6.111 x 5.894 x 5.653 x 5.18 x
Free Cash Flow 1 2,932 1,843 3,109 3,117 - 1,278 1,780 2,477
ROE (net income / shareholders' equity) 72.1% 39.9% 70.2% 63.7% 62% 80.9% 99.4% 141%
ROA (Net income/ Total Assets) 6.78% 3.36% 6.55% 6.4% 5.67% 6.25% 6.36% 6.6%
Assets 1 30,959 33,009 34,282 33,394 40,184 37,192 35,614 33,891
Book Value Per Share 2 8.230 9.250 10.20 8.750 9.280 8.300 5.940 5.240
Cash Flow per Share 2 12.40 7.540 11.10 10.00 - 9.840 9.950 10.30
Capex 1 876 484 528 650 - 623 740 912
Capex / Sales 15.22% 10.51% 10.32% 12.28% - 11.53% 13.39% 15.91%
Announcement Date 04/02/20 08/02/21 07/02/22 06/02/23 05/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
151.3 USD
Average target price
159.6 USD
Spread / Average Target
+5.47%
Consensus
  1. Stock Market
  2. Equities
  3. SPG Stock
  4. SPG.PRJ Stock
  5. Financials Simon Property Group, Inc.