Stock AnalizMacerich Co. MAC
Real Estate Investment Trusts · IPO 1994 · data as of November 13, 2026
Macerich Co. (MAC) is a real estate company listed in the US with a market value of about $7.1B. In the twelve months to September 30, 2026 it had revenue of $1.0B and net income of -$99M, a net margin of -9.8%.
Its overall Stock Analiz score is 1.2 out of 5 (weak). The strongest part is shareholder returns (3/5); the weakest is value (0/5).
Key numbers: a price to free cash flow of 210.7, 5-year revenue growth of 5% a year, a 5-year average ROIC of -1%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 61% below the current price.
Score: 1.2 / 5
Checks passed
- Revenue growth above 10% last year
- Profit margin improving
- Positive free cash flow
- Pays a dividend
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $918M | $884M | $859M | $847M | $786M | $927M | $960M | $994M | $1.0B |
| Net income | -$99M | -$197M | -$194M | -$274M | -$66M | $14M | -$230M | $97M | $60M | $146M | $517M |
| Free cash flow | $34M | $55M | $113M | $249M | $313M | $286M | $125M | $334M | $288M | $386M | $430M |
| EPS (diluted) | $-0.37 | $-0.78 | $-0.88 | $-1.28 | $-0.31 | $0.07 | $-1.58 | $0.68 | $0.42 | $1.02 | $3.52 |
| Net margin | -9.8% | -19.4% | -21.1% | -31.0% | -7.7% | 1.7% | -29.3% | 10.4% | 6.2% | 14.7% | 49.6% |
| ROIC | — | -1.2% | -0.4% | 0.1% | -0.7% | -0.7% | 0.1% | 1.9% | 0.7% | 1.4% | 1.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 15 analysts is $26.73, 7% above the current price; targets range from $20.00 to $30.00; the consensus rating is “Buy”; expected EPS is $-0.21 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Macerich stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 61% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Macerich pay a dividend?
Yes. The dividend yield is about 2.68%, and it has paid dividends for 10 years in our data.
Is Macerich a good stock to buy?
We do not give buy or sell advice. Macerich scores 1.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.