Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). More Details
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SPG's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SPG exceeded the US REITs industry which returned 30.6% over the past year.
Return vs Market: SPG exceeded the US Market which returned 35.9% over the past year.
Long-Term 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 StDid Business Growth Power Simon Property Group's (NYSE:SPG) Share Price Gain of 104%?
1 month ago | Simply Wall StCan Simon Property Group, Inc.'s (NYSE:SPG) ROE Continue To Surpass The Industry Average?
2 months ago | Simply Wall StWe Discuss Why Simon Property Group, Inc.'s (NYSE:SPG) CEO Compensation May Be Closely Reviewed
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 ($126.52) is trading below our estimate of fair value ($207.53)
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 (35.6x) compared to the US REITs industry average (46.6x).
PE vs Market: SPG is poor value based on its PE Ratio (35.6x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: SPG is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: SPG is overvalued based on its PB Ratio (13.8x) compared to the US REITs industry average (1.9x).
How is Simon Property Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPG's forecast earnings growth (8.1% per year) is above the savings rate (2%).
Earnings vs Market: SPG's earnings (8.1% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: SPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPG's revenue (0.06% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: SPG's revenue (0.06% 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 (99.2%).
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 (24.9%) are lower than last year (35.2%).
Past Earnings Growth Analysis
Earnings Trend: SPG's earnings have declined by 2.8% 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 (-43.8%) over the past year, making it difficult to compare to the REITs industry average (-8.8%).
Return on Equity
High ROE: Whilst SPG's Return on Equity (31.84%) is high, this metric is skewed due to their high level of debt.
How is Simon Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: SPG's short term assets ($2.0B) do not cover its short term liabilities ($5.0B).
Long Term Liabilities: SPG's short term assets ($2.0B) do not cover its long term liabilities ($25.4B).
Debt to Equity History and Analysis
Debt Level: SPG's debt to equity ratio (649.4%) is considered high.
Reducing Debt: SPG's debt to equity ratio has increased from 416.4% to 649.4% over the past 5 years.
Debt Coverage: SPG's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: SPG's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Simon Property Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPG's dividend (4.43%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: SPG's dividend (4.43%) is in the top 25% of dividend payers in the US market (3.54%)
Stability and Growth of Payments
Stable Dividend: SPG's dividends per share have been stable in the past 10 years.
Growing Dividend: SPG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.2%), SPG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPG's dividends in 3 years are forecast to be covered by earnings (58.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Simon (59 yo)
Mr. David E. Simon serves as an Independent Director at Apollo Global Management, Inc. since June 15, 2021. He has been the Chief Executive Officer of Simon Property Group, Inc., a general partner of Simon...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD8.97M) is about average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: SPG's management team is considered experienced (4.5 years average tenure).
Experienced Board: SPG's board of directors are seasoned and experienced ( 12.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.
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$47.526b
- Market Cap: US$41.567b
- Shares outstanding: 375.86m
- Website: https://www.simon.com
Number of Employees
- Simon Property Group, Inc.
- 225 West Washington Street
- United States
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properti...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 05:27|
|End of Day Share Price||2021/07/30 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.