Mulya.ai
Ticker
SPG
Scenario
Key Inputs
Revenue est.?Analysttaper yr3
OP margin est.?Analyst
Reinvestment est.?l3yr_st
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?10.0%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.218
Beta (levered) ?1.779
Terminal OM% ?44.8%
Segment conc. ?100% dominant
Terminal growth ?4.1%
Bond rating ?A- · 1.45%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

SPG · Simon Property Group, Inc.

$188.672026-05-17
Sector: Real Estate; Industry: REIT - Retail; Sub-Industry: Retail REITs

Intrinsic Value Range Comparison · Mulya.ai

Bull
$18
-90.3% vs market
Base · active
$12
-93.8% vs market
Bear
$10
-94.7% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $10
Base $12
Bull $18
Market $189
Median $192
Market Price $189
Mulya.ai Base $12
Analysts Median $192
Mulya.ai IV range ($10 · $18)
Analysts Range ($181 · $230)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2021.Q4$5.1B47.2%5.8%$2.3B$876MM$3.1B10.1%8.1%$28.1B$6.90
2022.Q4$5.3B3.4%48.8%3.3%$2.5B$352MM$2.9B10.6%9.0%$27.4B$6.56
2023.Q4$5.7B6.9%49.6%3.0%$2.7B$621MM$3.3B10.2%10.0%$26.8B$7.00
2024.Q4$6.0B5.4%51.9%0.8%$3.1B$363MM$3.4B10.9%11.7%$25.7B$7.27
2025.Q4$6.4B6.7%49.9%0.7%$3.2B$562MM$3.7B11.1%10.8%$32.8B$14.1619.4
italics below = DCF projection · 10yr Rev CAGR: 4.9%
2026.Q4$6.3B+-0.6%55.0%2.6%$3.4B$0MM$3.4B9.9%$3.1B10.3%$32.8B$10.4018.1
2027.Q4$6.6B+4.2%54.4%4.5%$3.4B−$1.3B$2.2B9.8%$1.8B10.3%$34.1B$10.5118.0
2028.Q4$6.9B+4.2%52.8%6.5%$3.4B−$1.2B$2.1B9.6%$1.6B9.8%$35.3B$10.4218.1
2029.Q4$7.4B+7.4%50.9%8.4%$3.4B−$2.2B$1.3B9.5%$867MM9.5%$37.5B$10.5717.8
2030.Q4$8.4B+13.8%50.9%10.3%$3.8B−$4.2B−$364MM9.4%−$230MM9.7%$41.7B$11.7716.0
Term. Yr+$10.7B4.1%44.8%20.0%$3.8B−$1.8B$2.0B8.6%$18.3B8.6%
Active scenario IV: $12 (-93.8% vs market)