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 71,031 - -
Change - -26.47% 20.54% 20.74% 7.55% 17.54% - -
Enterprise Value (EV) 1 77,291 62,945 71,400 79,053 88,040 98,709 98,337 98,051
Change - -18.56% 13.43% 10.72% 11.37% 12.12% -0.38% -0.29%
P/E 23.4x 18x 20.4x 23.7x 13.1x 34x 31.4x 29.2x
PBR 15.6x 13.4x 15.4x 22.1x 13.5x 17.9x 20.8x 19.6x
PEG - -3.85x 2.89x 5.91x 0.1x -0.6x 3.76x 3.88x
Capitalization / Revenue 10.3x 7.3x 8.22x 10.4x 10.3x 10.8x 10.3x 9.92x
EV / Revenue 15.1x 11.9x 12.6x 14.7x 15.1x 15x 14.3x 13.7x
EV / EBITDA 21x 16.5x 17.5x 18.1x 19.1x 19.3x 18.3x 18.1x
EV / EBIT 32x 24.4x 25.4x 25.6x 27.7x 30.1x 29.2x 28.6x
EV / FCF 24.9x 20.2x 22.8x 25.8x 27.5x 88.3x 75.4x -
FCF Yield 4.02% 4.95% 4.39% 3.87% 3.64% 1.13% 1.33% -
Dividend per Share 2 5.85 6.9 7.45 8.1 8.55 9.024 9.364 9.763
Rate of return 3.66% 5.87% 5.22% 4.7% 4.62% 4.11% 4.27% 4.45%
EPS 2 6.84 6.52 6.98 7.26 14.17 6.449 6.987 7.514
Distribution rate 85.5% 106% 107% 112% 60.3% 140% 134% 130%
Net sales 1 5,117 5,291 5,659 5,390 5,839 6,601 6,875 7,162
EBITDA 1 3,676 3,811 4,069 4,358 4,602 5,110 5,361 5,413
EBIT 1 2,413 2,584 2,807 3,093 3,175 3,277 3,363 3,424
Net income 1 2,246 2,136 2,280 2,368 4,624 2,170 2,263 2,467
Net Debt 1 24,787 24,339 24,864 22,864 27,607 27,678 27,306 27,020
Reference price 2 159.77 117.48 142.64 172.21 185.11 219.53 219.53 219.53
Nbr of stocks (in thousands) 328,619 328,619 326,247 326,278 326,470 323,560 - -
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.($)
34.04x14.95x19.32x4.11% 71.03B
28.82x11.09x15.29x4.45% 16.08B
30.66x11.72x16.93x4% 13.85B
15.53x11.18x16.25x6.45% 12.81B
38.88x15.57x18.84x4.35% 9.11B
25.35x10.04x14.87x4.19% 9.09B
12.43x17.46x19.19x4.57% 8.85B
22.08x14x15.45x5.39% 8.71B
-131.06x11.93x17.49x2.79% 6.96B
Average 8.53x 13.10x 17.07x 4.48% 17.39B
Weighted average by Cap. 22.24x 13.66x 17.85x 4.38%

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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