Vail Resorts
Market Cap
US$9.4b
Last Updated
2020/10/30 03:38 UTC
Data Sources
Company Financials +
Executive Summary
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Vail Resorts's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MTN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-6.5%
MTN
-8.3%
US Hospitality
-4.1%
US Market
1 Year Return
0.9%
MTN
-21.8%
US Hospitality
12.0%
US Market
Return vs Industry: MTN exceeded the US Hospitality industry which returned -21.8% over the past year.
Return vs Market: MTN underperformed the US Market which returned 12% over the past year.
Shareholder returns
| MTN | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.5% | -8.3% | -4.1% |
| 30 Day | 9.3% | -6.5% | -0.2% |
| 90 Day | 21.8% | 12.1% | 2.8% |
| 1 Year | 2.9%0.9% | -20.5%-21.8% | 14.6%12.0% |
| 3 Year | 6.8%-0.8% | -17.4%-22.8% | 35.8%26.8% |
| 5 Year | 126.2%101.3% | 11.7%-0.09% | 75.2%55.6% |
Price Volatility Vs. Market
How volatile is Vail Resorts's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Shareholders Of Vail Resorts (NYSE:MTN) Must Be Happy With Their 143% Total Return1 month ago | Simply Wall St
Here's Why Vail Resorts (NYSE:MTN) Has A Meaningful Debt Burden7 months ago | Simply Wall St
What Is Vail Resorts's (NYSE:MTN) P/E Ratio After Its Share Price Tanked?Valuation
Is Vail Resorts undervalued compared to its fair value and its price relative to the market?
95.29x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MTN ($233.84) is trading above our estimate of fair value ($45.37)
Significantly Below Fair Value: MTN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MTN is poor value based on its PE Ratio (95.3x) compared to the US Hospitality industry average (27.1x).
PE vs Market: MTN is poor value based on its PE Ratio (95.3x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: MTN is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: MTN is overvalued based on its PB Ratio (6.6x) compared to the US Hospitality industry average (2.1x).
Next Steps
Future Growth
How is Vail Resorts forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
39.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTN's forecast earnings growth (39.7% per year) is above the savings rate (2.2%).
Earnings vs Market: MTN's earnings (39.7% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MTN's revenue (8.8% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: MTN's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTN's Return on Equity is forecast to be low in 3 years time (12.1%).
Next Steps
Past Performance
How has Vail Resorts performed over the past 5 years?
12.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTN has a large one-off loss of $38.0M impacting its July 31 2020 financial results.
Growing Profit Margin: MTN's current net profit margins (5%) are lower than last year (13.3%).
Past Earnings Growth Analysis
Earnings Trend: MTN's earnings have grown by 12.9% per year over the past 5 years.
Accelerating Growth: MTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MTN had negative earnings growth (-67.2%) over the past year, making it difficult to compare to the Hospitality industry average (-50.9%).
Return on Equity
High ROE: MTN's Return on Equity (6.7%) is considered low.
Next Steps
Financial Health
How is Vail Resorts's financial position?
Financial Position Analysis
Short Term Liabilities: MTN's short term assets ($750.9M) exceed its short term liabilities ($555.4M).
Long Term Liabilities: MTN's short term assets ($750.9M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: MTN's debt to equity ratio (127.9%) is considered high.
Reducing Debt: MTN's debt to equity ratio has increased from 92.8% to 127.9% over the past 5 years.
Debt Coverage: MTN's debt is well covered by operating cash flow (20.9%).
Interest Coverage: MTN's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Vail Resorts's current dividend yield, its reliability and sustainability?
1.65%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MTN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MTN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MTN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MTN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MTN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MTN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Rob Katz (53 yo)
14.58yrs
Tenure
US$2,789,897
Compensation
Mr. Robert A. Katz, also known as Rob, has been the Chief Executive Officer at Vail Resorts Inc., since February 28, 2006. Mr. Katz has been the Chairman of the Board of Rockresorts International LLC and V ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD2.79M) is below average for companies of similar size in the US market ($USD7.41M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.58yrs | US$2.79m | 0.65% $ 61.4m | |
| Executive VP & CFO | 7.5yrs | US$2.03m | 0.044% $ 4.1m | |
| Executive VP | 5.25yrs | US$1.52m | 0.0067% $ 635.9k | |
| Executive VP & Chief Marketing Officer | 9.25yrs | US$2.03m | 0.049% $ 4.6m | |
| President of Mountain Division | 5.17yrs | US$2.03m | 0.042% $ 3.9m | |
| VP, Controller & Chief Accounting Officer | 0.083yr | no data | 0.00032% $ 30.1k | |
| Senior VP & Chief Information Officer | 2yrs | no data | no data | |
| Chief Human Resources Officer & Executive VP | 3.42yrs | no data | no data | |
| Senior Vice President of Mountain Division - Whistler Blackcomb | 1.08yrs | no data | no data | |
| Senior Vice President of Mountain Division - Colorado & Utah | 1.08yrs | no data | no data | |
| Executive Vice President of Hospitality | 7.83yrs | no data | 0.018% $ 1.7m | |
| Chief Operating Officer of Heavenly Mountain Resort | 5.17yrs | no data | no data |
5.2yrs
Average Tenure
50yo
Average Age
Experienced Management: MTN's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.58yrs | US$2.79m | 0.65% $ 61.4m | |
| Independent Director | 5.08yrs | US$277.64k | 0.012% $ 1.2m | |
| Independent Director | 12.58yrs | US$280.15k | 0.047% $ 4.4m | |
| Independent Director | 10.58yrs | US$264.30k | 0.049% $ 4.6m | |
| Independent Director | 27.75yrs | US$305.53k | 0.11% $ 10.5m | |
| Lead Independent Director | 1.33yrs | US$310.97k | 0.043% $ 4.0m | |
| Independent Director | 7.33yrs | US$270.65k | 0.020% $ 1.9m | |
| Independent Director | 4yrs | US$268.88k | 0.0092% $ 866.7k | |
| Independent Director | 0.83yr | US$192.89k | no data |
7.3yrs
Average Tenure
57yo
Average Age
Experienced Board: MTN's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MTN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Vail Resorts, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vail Resorts, Inc.
- Ticker: MTN
- Exchange: NYSE
- Founded: 1985
- Industry: Leisure Facilities
- Sector: Consumer Services
- Market Cap: US$9.420b
- Shares outstanding: 40.28m
- Website: https://www.vailresorts.com
Number of Employees
Location
- Vail Resorts, Inc.
- 390 Interlocken Crescent
- Broomfield
- Colorado
- 80021
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MTN | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1997 |
| VAI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1997 |
| 0LK3 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1997 |
| MTN * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Feb 1997 |
Biography
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. Its Mountain segment operates Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 03:38 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/07/31 |
| Annual Earnings | 2020/07/31 |
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.