WallStSmart

CBL & Associates Properties Inc (CBL)vsSimon Property Group Inc (SPG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Simon Property Group Inc generates 1041% more annual revenue ($6.65B vs $582.57M). SPG leads profitability with a 70.6% profit margin vs 29.8%. CBL trades at a lower P/E of 8.8x. CBL earns a higher WallStSmart Score of 64/100 (C+).

CBL

Buy

64

out of 100

Grade: C+

Growth: 6.0Profit: 8.5Value: 6.7Quality: 3.5
Piotroski: 6/9Altman Z: 0.65

SPG

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 9.0Value: 4.0Quality: 3.0
Piotroski: 4/9Altman Z: 0.36
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CBL.

SPGSignificantly Overvalued (-27.7%)

Margin of Safety

-27.7%

Fair Value

$152.48

Current Price

$210.31

$57.83 premium

UndervaluedFair: $152.48Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBL5 strengths · Avg: 9.4/10
P/E RatioValuation
8.8x10/10

Attractively priced relative to earnings

Return on EquityProfitability
43.6%10/10

Every $100 of equity generates 44 in profit

EPS GrowthGrowth
448.5%10/10

Earnings expanding 448.5% YoY

Profit MarginProfitability
29.8%9/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
23.8%8/10

Strong operational efficiency at 23.8%

SPG6 strengths · Avg: 9.2/10
Return on EquityProfitability
96.3%10/10

Every $100 of equity generates 96 in profit

Profit MarginProfitability
70.6%10/10

Keeps 71 of every $100 in revenue as profit

Operating MarginProfitability
43.4%10/10

Strong operational efficiency at 43.4%

Market CapQuality
$81.95B9/10

Large-cap with strong market position

P/E RatioValuation
15.2x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
19.3%8/10

19.3% revenue growth

Areas to Watch

CBL4 concerns · Avg: 2.5/10
Revenue GrowthGrowth
3.0%4/10

3.0% revenue growth

Market CapQuality
$1.50B3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
0.652/10

Distress zone — elevated risk

Debt/EquityHealth
5.221/10

Elevated debt levels

SPG4 concerns · Avg: 2.3/10
Price/BookValuation
14.2x4/10

Trading at 14.2x book value

PEG RatioValuation
8.742/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.362/10

Distress zone — elevated risk

Debt/EquityHealth
5.961/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : CBL

The strongest argument for CBL centers on P/E Ratio, Return on Equity, EPS Growth. Profitability is solid with margins at 29.8% and operating margin at 23.8%.

Bull Case : SPG

The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 70.6% and operating margin at 43.4%. Revenue growth of 19.3% demonstrates continued momentum.

Bear Case : CBL

The primary concerns for CBL are Revenue Growth, Market Cap, Altman Z-Score. Debt-to-equity of 5.22 is elevated, increasing financial risk.

Bear Case : SPG

The primary concerns for SPG are Price/Book, PEG Ratio, Altman Z-Score. Debt-to-equity of 5.96 is elevated, increasing financial risk.

Key Dynamics to Monitor

CBL profiles as a value stock while SPG is a growth play — different risk/reward profiles.

CBL carries more volatility with a beta of 1.46 — expect wider price swings.

SPG is growing revenue faster at 19.3% — sustainability is the question.

SPG generates stronger free cash flow (625M), providing more financial flexibility.

Bottom Line

CBL scores higher overall (64/100 vs 63/100), backed by strong 29.8% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

CBL & Associates Properties Inc

REAL ESTATE · REIT - RETAIL · USA

CBL & Associates Properties Inc. is a prominent real estate investment trust (REIT) that focuses on acquiring, managing, and redeveloping shopping malls and retail properties throughout the United States. In response to evolving consumer preferences, CBL adopts a forward-thinking strategy that incorporates mixed-use developments and experiential retail environments, enhancing tenant engagement and driving operational efficiency. Through innovative asset management and sustainable practices, the company aims to maximize property value, positioning itself as a strong investment opportunity for institutional investors seeking stability and growth in the retail real estate sector.

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Simon Property Group Inc

REAL ESTATE · REIT - RETAIL · USA

Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

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