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 73,675 - -
Change - -26.47% 20.54% 20.74% 7.55% 21.91% - -
Enterprise Value (EV) 1 77,291 62,945 71,400 79,053 88,040 100,303 100,036 100,261
Change - -18.56% 13.43% 10.72% 11.37% 13.93% -0.27% 0.23%
P/E 23.4x 18x 20.4x 23.7x 13.1x 33.9x 32.5x 29.6x
PBR 15.6x 13.4x 15.4x 22.1x 13.5x 17.8x 20.8x 19.5x
PEG - -3.85x 2.89x 5.91x 0.1x -0.6x 7.46x 3.04x
Capitalization / Revenue 10.3x 7.3x 8.22x 10.4x 10.3x 11.4x 10.9x 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 20x 19x 18.6x
EV / EBIT 32x 24.4x 25.4x 25.6x 27.7x 31.7x 29.7x 28.2x
EV / FCF 24.9x 20.2x 22.8x 25.8x 27.5x 90.8x 81.1x -
FCF Yield 4.02% 4.95% 4.39% 3.87% 3.64% 1.1% 1.23% -
Dividend per Share 2 5.85 6.9 7.45 8.1 8.55 9.021 9.353 9.7
Rate of return 3.66% 5.87% 5.22% 4.7% 4.62% 4.12% 4.27% 4.43%
EPS 2 6.84 6.52 6.98 7.26 14.17 6.467 6.749 7.407
Distribution rate 85.5% 106% 107% 112% 60.3% 139% 139% 131%
Net sales 1 5,117 5,291 5,659 5,390 5,839 6,484 6,748 7,114
EBITDA 1 3,676 3,811 4,069 4,358 4,602 5,021 5,272 5,390
EBIT 1 2,413 2,584 2,807 3,093 3,175 3,165 3,364 3,551
Net income 1 2,246 2,136 2,280 2,368 4,624 2,229 2,310 2,458
Net Debt 1 24,787 24,339 24,864 22,864 27,607 26,627 26,360 26,586
Reference price 2 159.77 117.48 142.64 172.21 185.11 219.09 219.09 219.09
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.($)
30.6x11.49x16.03x4.15% 17.06B
32.75x11.96x18.01x3.76% 14.74B
26.7x10.31x15.14x3.96% 9.62B
40.55x15.85x19.13x4.07% 9.4B
23.16x14.36x15.79x5.12% 9.03B
11.85x17.09x18.8x4.78% 8.3B
-177.48x12.58x18.95x2.7% 7.58B
11.44x7.89x10.48x8.49% 6.58B
82.85x10.84x16.27x4.04% 5.86B
Average 9.15x 12.49x 16.51x 4.57% 9.8B
Weighted average by Cap. 13.21x 12.51x 16.68x 4.41%

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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