Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG).
No risks detected for SPG from our risk checks.
6 star dividend payer and fair value.
Share Price & News
How has Simon Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPG has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SPG underperformed the US REITs industry which returned 16% over the past year.
Return vs Market: SPG underperformed the US Market which returned 18% over the past year.
Price Volatility Vs. Market
How volatile is Simon Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StSimon Property Group, Inc. Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
1 month ago | Simply Wall StDoes Simon Property Group, Inc.'s (NYSE:SPG) CEO Pay Reflect Performance?
2 months ago | Simply Wall StShould You Be Worried About Insider Transactions At Simon Property Group, Inc. (NYSE:SPG)?
Is Simon Property Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPG ($142.25) is trading below our estimate of fair value ($283.81)
Significantly Below Fair Value: SPG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPG is good value based on its PE Ratio (20.9x) compared to the REITs industry average (37.2x).
PE vs Market: SPG is poor value based on its PE Ratio (20.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: SPG is poor value based on its PEG Ratio (16.3x)
Price to Book Ratio
PB vs Industry: SPG is overvalued based on its PB Ratio (17.6x) compared to the US REITs industry average (2.1x).
How is Simon Property Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPG's forecast earnings growth (1.3% per year) is below the savings rate (1.7%).
Earnings vs Market: SPG's earnings (1.3% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: SPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPG's revenue (1.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: SPG's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPG's Return on Equity is forecast to be very high in 3 years time (186.6%).
How has Simon Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPG has high quality earnings.
Growing Profit Margin: SPG's current net profit margins (36.6%) are lower than last year (43.2%).
Past Earnings Growth Analysis
Earnings Trend: SPG's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: SPG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPG had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the REITs industry average (9.3%).
Return on Equity
High ROE: Whilst SPG's Return on Equity (77.41%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Simon Property Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: SPG has a high level of physical assets or inventory.
Debt Coverage by Assets: SPG's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: SPG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SPG has a sufficient allowance for bad loans.
Low Risk Liabilities: SPG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SPG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SPG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SPG has an appropriate level of bad loans.
What is Simon Property Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPG's dividend (5.91%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: SPG's dividend (5.91%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: SPG's dividends per share have been stable in the past 10 years.
Growing Dividend: SPG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.3%), SPG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPG's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Simon (57yo)
Mr. David E. Simon has been the Chief Executive Officer of Simon Property Group, Inc. or its predecessor since 1995 and its Chairman since October 25, 2007 and its Director since 1993. Mr. Simon also serv ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD11.44M) is about average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP||1.3yrs||US$1.89m||0.0022% $1.1m|
|Chief Administrative Officer & President of Malls||13.1yrs||US$3.45m||0.011% $5.5m|
|General Counsel & Secretary||3.1yrs||US$3.45m||0.0055% $2.8m|
|Vice Chairman & Director||24.1yrs||US$4.98m||0.10% $52.0m|
|Senior Vice President of Financial Reporting & Operations||0yrs||no data||0.00060% $298.2k|
|Chief Investment Officer||0yrs||no data||no data|
|Senior VP & Chief Accounting Officer||1.3yrs||no data||0.0013% $665.9k|
|Senior VP & Chief Information Officer||0yrs||no data||no data|
|Senior Vice President of Investor Relations||6yrs||no data||no data|
Experienced Management: SPG's management team is considered experienced (3.1 years average tenure).
|Vice Chairman & Director||24.1yrs||US$4.98m||0.10% $52.0m|
|Independent Director||14.8yrs||US$331.53k||0.013% $6.7m|
|Lead Independent Director||5.9yrs||US$356.45k||0.0046% $2.3m|
|Chairman Emeritus||12.3yrs||no data||0.00077% $382.6k|
|Independent Director||15.8yrs||US$306.46k||0.0047% $2.3m|
|Independent Director||27.1yrs||US$331.53k||0.014% $7.0m|
|Independent Director||10.8yrs||US$306.46k||0.0047% $2.3m|
|Independent Director||4.6yrs||US$291.44k||0.0016% $780.2k|
|Independent Director||10.8yrs||US$296.55k||0.0044% $2.2m|
Experienced Board: SPG's board of directors are seasoned and experienced ( 12.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Simon Property Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Simon Property Group, Inc.
- Ticker: SPG
- Exchange: NYSE
- Founded: 1960
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$49.693b
- Market Cap: US$43.124b
- Shares outstanding: 353.61m
- Website: https://www.simon.com
Number of Employees
- Simon Property Group, Inc.
- 225 West Washington Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPG||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 1993|
|SQI||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 1993|
|0L6P||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Dec 1993|
|SPGR||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Dec 1993|
|SPG.PRJ||NYSE (New York Stock Exchange)||PFD J 8.375%||US||USD||Oct 2004|
|SIMN34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REP 0.25 COM USD0.0001||BR||BRL||May 2019|
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 01:09|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.