Macerich (MAC): Exploring Valuation with Recent Share Price Fluctuations

Macerich (MAC) shares have moved slightly in recent sessions, with investors keeping an eye on the company’s performance over the past month and quarter. The stock has seen a mix of gains and pullbacks during this period.

See our latest analysis for Macerich.

Looking at the bigger picture, Macerich's share price has lost some steam in the short term but still stands well above historical levels. Despite a 7.03% drop in the 30-day share price return and a 16.40% decline so far this year, the real story comes through in its 3-year and 5-year total shareholder returns of 69.2% and 204.1%, respectively. This shows that longer-term investors have been well rewarded even as near-term momentum cools.

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With Macerich’s share price still trading below analyst targets and at a notable discount to its estimated intrinsic value, the key question is whether the stock is undervalued or if the market has already priced in future growth.

Most Popular Narrative: 13.4% Undervalued

Macerich’s fair value, according to the latest widely followed narrative, stands materially higher than the last close. This suggests there may be hidden upside. To understand the reasoning behind this number, let’s explore one of the main levers driving analysts’ projections.

The focus on experiential and destination-oriented retail (for example, DICK'S House of Sport, Cheesecake Factory, entertainment concepts) is revitalizing consumer engagement and increasing traffic. This positions the portfolio to benefit from experience-driven spending and capture higher net margins over time.

Read the complete narrative.

Curious how bullish analysts forecast a turnaround from heavy losses to mounting profits? What secret assumptions make Macerich worth more in this scenario? The full narrative reveals surprising growth and profit forecasts. See for yourself what fuels this fair value.

Result: Fair Value of $19.53 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent high debt and ongoing challenges in traditional retail markets could quickly undermine the optimistic outlook for Macerich’s future earnings and growth.

Find out about the key risks to this Macerich narrative.

Build Your Own Macerich Narrative

If you have a different take or want to dive into the numbers yourself, it’s easy to build your own story from the data in just a few minutes. Do it your way

A great starting point for your Macerich research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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