DB:PRM

Stock Analysis Report

Executive Summary

Peak Resorts, Inc., through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States.


Snowflake Analysis

Mediocre balance sheet with concerning outlook.

Share Price & News

How has Peak Resorts's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.6%

PRM

-4.8%

DE Hospitality

-0.9%

DE Market


1 Year Return

132.9%

PRM

3.3%

DE Hospitality

12.8%

DE Market

Return vs Industry: PRM exceeded the German Hospitality industry which returned -15.8% over the past year.

Return vs Market: PRM exceeded the German Market which returned 17.1% over the past year.


Shareholder returns

PRMIndustryMarket
7 Day0.6%-4.8%-0.9%
30 Day1.2%1.4%0.6%
90 Day197.0%-14.7%2.9%
1 Year145.0%132.9%7.8%3.3%16.3%12.8%
3 Year155.1%120.8%-9.6%-22.0%15.8%5.7%
5 Yearn/a-12.3%-30.9%19.7%3.3%

Price Volatility Vs. Market

How volatile is Peak Resorts's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Peak Resorts undervalued compared to its fair value and its price relative to the market?

2.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PRM (€9.92) is trading above our estimate of fair value (€3.38)

Significantly Below Fair Value: PRM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PRM is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: PRM is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PRM is overvalued based on its PB Ratio (2.7x) compared to the DE Hospitality industry average (2.3x).


Next Steps

Future Growth

How is Peak Resorts forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

20.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PRM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PRM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PRM's revenue (5% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: PRM's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Peak Resorts performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRM is currently unprofitable.

Growing Profit Margin: PRM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRM is unprofitable, but has reduced losses over the past 5 years at a rate of 13.1% per year.

Accelerating Growth: Unable to compare PRM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRM is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-39.6%).


Return on Equity

High ROE: PRM has a negative Return on Equity (1.15%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Peak Resorts's financial position?


Financial Position Analysis

Short Term Liabilities: PRM's short term assets ($41.9M) do not cover its short term liabilities ($56.0M).

Long Term Liabilities: PRM's short term assets ($41.9M) do not cover its long term liabilities ($237.4M).


Debt to Equity History and Analysis

Debt Level: PRM's debt to equity ratio (238%) is considered high.

Reducing Debt: PRM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: PRM has a high level of physical assets or inventory.

Debt Coverage by Assets: PRM's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PRM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PRM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -17.8% per year.


Next Steps

Dividend

What is Peak Resorts's current dividend yield, its reliability and sustainability?

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PRM's dividend (2.55%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: PRM's dividend (2.55%) is low compared to the top 25% of dividend payers in the German market (3.53%).


Stability and Growth of Payments

Stable Dividend: PRM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PRM has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: PRM is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

18.7yrs

Average management tenure


CEO

Tim Boyd (66yo)

22yrs

Tenure

US$898,400

Compensation

Mr. Timothy D. Boyd, also known as Tim, has been the Chairman, Chief Executive Officer and President of Peak Resorts, Inc. since its founding on September 24, 1997. From 1982 to 1985, Mr. Boyd developed th ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD898.40K) is above average for companies of similar size in the German market ($USD638.09K).

Compensation vs Earnings: Tim's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Boyd
Chairman22yrsUS$898.40k8.22% $12.5m
Christopher Bub
VP, CFO & Corporate Secretary1.9yrsUS$436.40k0.025% $37.4k
Richard Deutsch
VP of Business & Real Estate Development and Director0yrsUS$748.80k3.22% $4.9m
Jesse Boyd
Vice President of Operations0yrsUS$107.34kno data
Stephen Mueller
Executive VP & Director18.7yrsUS$348.35k3.24% $4.9m

18.7yrs

Average Tenure

65yo

Average Age

Experienced Management: PRM's management team is seasoned and experienced (18.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Boyd
Chairman22yrsUS$898.40k8.22% $12.5m
Richard Deutsch
VP of Business & Real Estate Development and Director0yrsUS$748.80k3.22% $4.9m
Stephen Mueller
Executive VP & Director18.7yrsUS$348.35k3.24% $4.9m
Carl Kraus
Director0yrsUS$95.54k0.052% $78.8k
David Braswell
Director3.6yrsUS$82.02k0.066% $99.9k
Stanley Hansen
Director0yrsUS$90.54k0.013% $20.0k
Christopher O'Connor
Director0yrsUS$90.54k0.042% $63.4k
Rory Held
Director3.7yrsUS$81.22kno data

11.2yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PRM's board of directors are seasoned and experienced ( 11.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.


Top Shareholders

Company Information

Peak Resorts, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Peak Resorts, Inc.
  • Ticker: PRM
  • Exchange: DB
  • Founded: 1997
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: US$167.351m
  • Listing Market Cap: US$152.189m
  • Shares outstanding: 15.23m
  • Website: https://www.peakresorts.com

Number of Employees


Location

  • Peak Resorts, Inc.
  • 17409 Hidden Valley Drive
  • Wildwood
  • Missouri
  • 63025
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SKISNasdaqGM (Nasdaq Global Market)YesCommon SharesUSUSDNov 2014
PRMDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2014

Biography

Peak Resorts, Inc., through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, golf, zip lines, mountain coasters, mountain biking, hiking, paint ball, and other summer activities. The company also offers non-winter attractions, such as golf, roller coasters, swimming, summer concerts, and zip rides. It operates 17 ski resorts primarily located in the Northeast, Mid-Atlantic, and Midwest. Peak Resorts, Inc. was founded in 1997 and is headquartered in Wildwood, Missouri. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/24 21:33
End of Day Share Price2019/09/24 00:00
Earnings2019/07/31
Annual Earnings2019/04/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.