Company Valuation: Simon Property Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 52,503 38,606 46,536 56,188 60,433 71,659 - -
Change - -26.47% 20.54% 20.74% 7.55% 18.58% - -
Enterprise Value (EV) 1 77,291 62,945 71,400 79,053 88,040 99,337 98,965 98,678
Change - -18.56% 13.43% 10.72% 11.37% 12.83% -0.37% -0.29%
P/E 23.4x 18x 20.4x 23.7x 13.1x 35.2x 32.4x 29.5x
PBR 15.6x 13.4x 15.4x 22.1x 13.5x 18x 21x 19.8x
PEG - -3.85x 2.89x 5.91x 0.1x -0.6x 3.68x 3x
Capitalization / Revenue 10.3x 7.3x 8.22x 10.4x 10.3x 10.8x 10.4x 10x
EV / Revenue 15.1x 11.9x 12.6x 14.7x 15.1x 15x 14.3x 13.8x
EV / EBITDA 21x 16.5x 17.5x 18.1x 19.1x 19.4x 18.5x 18.2x
EV / EBIT 32x 24.4x 25.4x 25.6x 27.7x 30.3x 29.3x 28.8x
EV / FCF 24.9x 20.2x 22.8x 25.8x 27.5x 88.8x 75.9x -
FCF Yield 4.02% 4.95% 4.39% 3.87% 3.64% 1.13% 1.32% -
Dividend per Share 2 5.85 6.9 7.45 8.1 8.55 9.018 9.356 9.763
Rate of return 3.66% 5.87% 5.22% 4.7% 4.62% 4.07% 4.22% 4.41%
EPS 2 6.84 6.52 6.98 7.26 14.17 6.287 6.842 7.514
Distribution rate 85.5% 106% 107% 112% 60.3% 143% 137% 130%
Net sales 1 5,117 5,291 5,659 5,390 5,839 6,607 6,897 7,162
EBITDA 1 3,676 3,811 4,069 4,358 4,602 5,110 5,361 5,413
EBIT 1 2,413 2,584 2,807 3,093 3,175 3,283 3,380 3,424
Net income 1 2,246 2,136 2,280 2,368 4,624 2,159 2,276 2,467
Net Debt 1 24,787 24,339 24,864 22,864 27,607 27,678 27,306 27,020
Reference price 2 159.77 117.48 142.64 172.21 185.11 221.47 221.47 221.47
Nbr of stocks (in thousands) 3,28,619 3,28,619 3,26,247 3,26,278 3,26,470 3,23,560 - -
Announcement Date 07/02/22 06/02/23 05/02/24 04/02/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.22x15.03x19.44x4.07% 7.17TCr
29.2x11.21x15.33x4.39% 1.64TCr
31.05x11.77x17.1x3.95% 1.4TCr
15.46x11.15x16.21x6.48% 1.28TCr
39.85x15.83x19.16x4.25% 932.81Cr
25.93x10.07x15.05x4.14% 921.23Cr
22.51x14.17x15.64x5.29% 887.49Cr
12.3x17.32x19.04x4.62% 874.73Cr
-131.71x11.97x17.54x2.78% 698.97Cr
9.99x7.69x10.57x9.04% 658.54Cr
Average 8.98x 12.62x 16.51x 4.9% 1.65TCr
Weighted average by Cap. 22.47x 13.49x 17.66x 4.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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