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STOCK COMPARISON

Simon Property Group vs Vicinity Centres: Fair Value & Quality

Both stocks run through our valuation models. Here is how Simon Property Group (SPG) and Vicinity Centres (VCX) compare, as of Sep 29, 2026.

As of Sep 29, 2026, Fair Value Calculator sees Vicinity Centres as the less overvalued of the two: Simon Property Group trades at $205 versus a fair value of $114 (−44.2%), while Vicinity Centres trades at A$2.28 versus A$1.51 (−33.8%).
Simon Property Group
SPG · USD · Real Estate
−44.2%
upside to fair value
overvalued
Price$205
Fair Value$114
Quality58/100
Vicinity Centres
VCX.AU · AUD · Real Estate
−33.8%
upside to fair value
overvalued
PriceA$2.28
Fair ValueA$1.51
Quality55/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Simon Property GroupVicinity Centres
Valuation
14.4×P/E (TTM)7.6×
30.1×Forward P/E13.9×
11.20×P/S (TTM)7.50×
14.92×P/B0.87×
20.6×EV/EBITDA17.3×
8.74×PEGn/a
−44.2%Fair value upside−33.8%
4.3%Dividend yield5.4%
$8.80Dividend per shareA$0.12
Profitability
46.0%Operating margin58.2%
1.17×EBIT margin trend (5Y)1.16×
120.5%Return on equity12.0%
5.6%Return on assets3.2%
Growth
19.5%Revenue growth (YoY)3.6%
6.3%Avg. growth/yr (3Y)3.5%
6.7%Avg. growth/yr (5Y)4.2%
+10.1%Value creation/yr+5.7%
Balance & size
3.3×Interest coverage (EBIT/interest)3.1×
5.46×Debt / equity0.35×
$78BMarket cap$7B
healthyGrowth qualityexpensive
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Vicinity Centres leads: 7 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Simon Property Groupof which business quality 55 · market factors 56 Vicinity Centresof which business quality 52 · market factors 44
ProfitabilityMargins and returns on capital today
59
43
Quality GrowthAre margins and returns improving?
70
57
CashflowEarnings quality: real cash, not paper profit
77
44
Fin. StrengthBalance sheet, leverage, solvency risk
9
52
InvestmentDisciplined investing over empire-building
35
53
Low VolatilityCalm price path (market factor)
64
83
MomentumPrice trend over the last 3–12 months (market factor)
51
34
52W MomentumDistance to the 52-week high (market factor)
55
16
Net IssuanceShare count: buybacks or dilution?
86
70

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySimon Property GroupPrice $205Vicinity CentresPrice A$2.28
DCF Models−30.5%below the price$142−46.1%below the priceA$1.23
Dividend Discount−29.3%below the price$145−43.6%below the priceA$1.29
Multiples−37.5%below the price$128−16.7%below the priceA$1.90
Asset-Based−94.7%below the price$10.79−23.7%below the priceA$1.74
Growth DCF−49.8%below the price$103−55.0%below the priceA$1.03
Economic Profit−69.9%below the price$61.59+17.1%above the priceA$2.67
Minimum−94.7%below the price$10.79−55.0%below the priceA$1.03
Maximum−29.3%below the price$145+17.1%above the priceA$2.67
Median−43.6%below the price$115−33.7%below the priceA$1.51
Geometric mean−63.3%below the price$75.09−31.7%below the priceA$1.56

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Simon Property Group: 16 of 16 models see the stock below the current price.

Vicinity Centres: 13 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Simon Property Group
Price $205
Fair Value $114
Bear $54.78Bull $181
Vicinity Centres
Price A$2.28
Fair Value A$1.51
Bear A$0.73Bull A$2.40

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Simon Property Group · Real Estate

Quality score58 · above median
Fair value upside−44.2% · bottom 25%

Vicinity Centres · Real Estate

Quality score55 · above median
Fair value upside−33.8% · below median

Bottom line

As of Sep 29, 2026, Fair Value Calculator sees Vicinity Centres as the less overvalued of the two: Simon Property Group trades at $205 versus a fair value of $114 (−44.2%), while Vicinity Centres trades at A$2.28 versus A$1.51 (−33.8%).

Simon Property Group has the higher quality score (58/100).

Open Vicinity Centres live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.