` Comparison: REG vs SPG - Alpha Spread

REG
vs
SPG

Over the past 12 months, REG has underperformed SPG, delivering a return of +7% compared to the SPG's +18% growth.

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REG
SPG
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Valuation Comparison

REG Intrinsic Value
64.24 USD
Overvaluation 19%
Intrinsic Value
Price
SPG Intrinsic Value
169.65 USD
Overvaluation 17%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Regency Centers Corp
NASDAQ:REG
79.48 USD
Simon Property Group Inc
NYSE:SPG
203.21 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
REG, SPG

REG
SPG
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Regency Centers Corp
Revenue
Simon Property Group Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
REG, SPG

REG
SPG
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Regency Centers Corp
NASDAQ:REG
Simon Property Group Inc
NYSE:SPG
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What is Free Cash Flow?

Gross Margin

REG
70.6%
SPG
81.9%

Operating Margin

REG
37.5%
SPG
49.9%

Net Margin

REG
33.1%
SPG
72.7%

FCF Margin

REG
15.7%
SPG
50.3%

ROE

REG
7.5%
SPG
113.5%

ROA

REG
4%
SPG
12.7%

ROIC

REG
4.8%
SPG
9.5%

ROCE

REG
4.9%
SPG
9.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
REG, SPG

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Performance Gap
REG, SPG

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REG
SPG
Difference
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Performance By Year
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REG
SPG
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett