Discounted Cash Flow
Macerich Co. REIT
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $1.0b | $517.0m | $417.5m | 49.7% | $3.52 |
| 2017 | $993.7m (-4.6%) | $146.1m (-71.7%) | $386.4m (-7.5%) | 14.7% (-70.4%) | $1.02 (-71.0%) |
| 2018 | $960.4m (-3.4%) | $60.0m (-58.9%) | $344.3m (-10.9%) | 6.2% (-57.5%) | $0.42 (-58.8%) |
| 2019 | $927.5m (-3.4%) | $96.8m (61.3%) | $355.2m (3.2%) | 10.4% (67.0%) | $0.68 (61.9%) |
| 2020 | $786.0m (-15.2%) | $-230.2m (-337.8%) | $124.8m (-64.9%) | -29.3% (-380.5%) | $-1.58 (-332.4%) |
| 2021 | $847.4m (7.8%) | $14.3m (106.2%) | $14.3m (-88.6%) | 1.7% (105.7%) | $0.07 (104.4%) |
| 2022 | $859.2m (1.4%) | $-66.1m (-563.2%) | $337.5m (2266.3%) | -7.7% (-556.9%) | $-0.31 (-542.9%) |
| 2023 | $884.1m (2.9%) | $-274.1m (-314.8%) | $295.5m (-12.4%) | -31.0% (-303.1%) | $-1.28 (-312.9%) |
| 2024 | $918.2m (3.9%) | $-194.1m (29.2%) | $283.4m (-4.1%) | -21.1% (31.8%) | $-0.88 (31.2%) |
| 2025 | $1.0b (10.4%) | $-197.1m (-1.6%) | $321.6m (13.5%) | -19.4% (8.0%) | $-0.78 (11.4%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.