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 74,165 - -
Change - -26.47% 20.54% 20.74% 7.55% 22.72% - -
Enterprise Value (EV) 1 77,291 62,945 71,400 79,053 88,040 101,624 101,517 101,255
Change - -18.56% 13.43% 10.72% 11.37% 15.43% -0.11% -0.26%
P/E 23.4x 18x 20.4x 23.7x 13.1x 35.8x 33.6x 30x
PBR 15.6x 13.4x 15.4x 22.1x 13.5x 18.6x 21.7x 20.4x
PEG - -3.85x 2.89x 5.91x 0.1x -0.7x 5.07x 2.5x
Capitalization / Revenue 10.3x 7.3x 8.22x 10.4x 10.3x 11.3x 10.8x 10.4x
EV / Revenue 15.1x 11.9x 12.6x 14.7x 15.1x 15.5x 14.8x 14.1x
EV / EBITDA 21x 16.5x 17.5x 18.1x 19.1x 19.9x 18.8x 18.6x
EV / EBIT 32x 24.4x 25.4x 25.6x 27.7x 32.1x 30.1x 29.7x
EV / FCF 24.9x 20.2x 22.8x 25.8x 27.5x 92x 82.3x -
FCF Yield 4.02% 4.95% 4.39% 3.87% 3.64% 1.09% 1.22% -
Dividend per Share 2 5.85 6.9 7.45 8.1 8.55 9.023 9.339 9.719
Rate of return 3.66% 5.87% 5.22% 4.7% 4.62% 3.95% 4.08% 4.25%
EPS 2 6.84 6.52 6.98 7.26 14.17 6.386 6.809 7.616
Distribution rate 85.5% 106% 107% 112% 60.3% 141% 137% 128%
Net sales 1 5,117 5,291 5,659 5,390 5,839 6,572 6,858 7,162
EBITDA 1 3,676 3,811 4,069 4,358 4,602 5,111 5,389 5,435
EBIT 1 2,413 2,584 2,807 3,093 3,175 3,162 3,372 3,407
Net income 1 2,246 2,136 2,280 2,368 4,624 2,203 2,285 2,467
Net Debt 1 24,787 24,339 24,864 22,864 27,607 27,459 27,352 27,090
Reference price 2 159.77 117.48 142.64 172.21 185.11 228.70 228.70 228.70
Nbr of stocks (in thousands) 328,619 328,619 326,247 326,278 326,470 324,290 - -
Announcement Date 2/7/22 2/6/23 2/5/24 2/4/25 1/30/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.71x11.75x16.52x4.02% 17.62B
33.5x12.23x18.28x3.68% 15.1B
15.7x11.26x16.35x6.38% 12.99B
27.72x10.55x15.55x3.81% 9.99B
41.75x16.31x19.57x3.93% 9.73B
24.2x14.78x16.26x4.9% 9.43B
12.06x17.14x18.85x4.71% 8.49B
-183.83x12.64x19.48x2.65% 7.71B
11.78x7.95x10.51x8.32% 6.82B
Average 1.62x 12.74x 16.82x 4.71% 10.88B
Weighted average by Cap. 9.65x 12.66x 16.96x 4.59%

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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