Macerich Company (The) (MAC) exhibits 41.0% gross margins and -4.1% return on invested capital within Financials (Real Estate Investment Trusts), balanced against a 24.0x enterprise multiple and 7.1% implied options volatility.
Sustained 41.0% gross profitability converts into -23.7% operating margin and -4.1% ROIC, outpacing sector cost of capital.
ROIC: -4.1% // GM: 41.0%YoY revenue trajectory of +10.4% paired with 4.00% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +10.4% // FCF YLD: 4.00%Altman Z-Score of 0.45 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.45 // F-SCORE: 7/9Trading at 24.0x trailing P/E (26.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: —Options market prices a ±7.1% implied move with a 0.62 put/call ratio around $24.00 max pain.
IMPL MOVE: ±7.1% // P/C: 0.62Elevated industry capital intensity and customer concentration in Real Estate Investment Trusts require continuous execution to defend -19.4% net margins.
NET MARGIN: -19.4% // D/E: 1.00x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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