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 66,058 - -
Change - -26.47% 20.54% 20.74% 7.55% 9.31% - -
Enterprise Value (EV) 1 77,291 62,945 71,400 79,053 88,040 93,488 93,619 93,390
Change - -18.56% 13.43% 10.72% 11.37% 6.19% 0.14% -0.24%
P/E 23.4x 18x 20.4x 23.7x 13.1x 32.1x 29.9x 27.9x
PBR 15.6x 13.4x 15.4x 22.1x 13.5x 16.8x 19.4x 22x
PEG - -3.85x 2.89x 5.91x 0.1x -0.6x 4.03x 3.82x
Capitalization / Revenue 10.3x 7.3x 8.22x 10.4x 10.3x 9.91x 9.54x 9.17x
EV / Revenue 15.1x 11.9x 12.6x 14.7x 15.1x 14x 13.5x 13x
EV / EBITDA 21x 16.5x 17.5x 18.1x 19.1x 17.8x 17.4x 16.9x
EV / EBIT 32x 24.4x 25.4x 25.6x 27.7x 28.9x 28.4x 27.4x
EV / FCF 24.9x 20.2x 22.8x 25.8x 27.5x 82x 68.4x -
FCF Yield 4.02% 4.95% 4.39% 3.87% 3.64% 1.22% 1.46% -
Dividend per Share 2 5.85 6.9 7.45 8.1 8.55 9.006 9.375 9.833
Rate of return 3.66% 5.87% 5.22% 4.7% 4.62% 4.41% 4.59% 4.82%
EPS 2 6.84 6.52 6.98 7.26 14.17 6.356 6.828 7.327
Distribution rate 85.5% 106% 107% 112% 60.3% 142% 137% 134%
Net sales 1 5,117 5,291 5,659 5,390 5,839 6,667 6,922 7,200
EBITDA 1 3,676 3,811 4,069 4,358 4,602 5,246 5,379 5,530
EBIT 1 2,413 2,584 2,807 3,093 3,175 3,232 3,291 3,412
Net income 1 2,246 2,136 2,280 2,368 4,624 2,251 2,366 2,517
Net Debt 1 24,787 24,339 24,864 22,864 27,607 27,431 27,561 27,332
Reference price 2 159.77 117.48 142.64 172.21 185.11 204.16 204.16 204.16
Nbr of stocks (in thousands) 328,619 328,619 326,247 326,278 326,470 323,560 - -
Announcement Date 07/02/22 06/02/23 05/02/24 04/02/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.4x14.11x17.93x4.37% 66.64B
26.84x10.63x14.42x4.77% 15.13B
29.62x11.24x16.33x4.13% 13.43B
15.07x10.96x15.92x6.66% 12.44B
24.05x9.62x14.31x4.44% 8.58B
35.45x14.66x17.72x4.74% 8.36B
20.19x13.28x14.58x5.87% 7.98B
14.38x14.5x15.74x5.9% 7.55B
10.53x7.87x10.55x8.83% 6.54B
Average 23.17x 11.87x 15.28x 5.52% 16.29B
Weighted average by Cap. 27.22x 12.69x 16.40x 4.97%

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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  5. Valuation Simon Property Group, Inc.