NYSE:MTN

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Executive Summary

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. More Details


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

MTNIndustryMarket
7 Day-6.5%-8.3%-4.1%
30 Day9.3%-6.5%-0.2%
90 Day21.8%12.1%2.8%
1 Year2.9%0.9%-20.5%-21.8%14.6%12.0%
3 Year6.8%-0.8%-17.4%-22.8%35.8%26.8%
5 Year126.2%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

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

NamePositionTenureCompensationOwnership
Robert Katz
Chairman & CEO14.58yrsUS$2.79m0.65%
$ 61.4m
Michael Barkin
Executive VP & CFO7.5yrsUS$2.03m0.044%
$ 4.1m
David Shapiro
Executive VP5.25yrsUS$1.52m0.0067%
$ 635.9k
Kirsten Lynch
Executive VP & Chief Marketing Officer9.25yrsUS$2.03m0.049%
$ 4.6m
Patricia Campbell
President of Mountain Division5.17yrsUS$2.03m0.042%
$ 3.9m
Nathan Gronberg
VP, Controller & Chief Accounting Officer0.083yrno data0.00032%
$ 30.1k
Timothy April
Senior VP & Chief Information Officer2yrsno datano data
Lynanne Kunkel
Chief Human Resources Officer & Executive VP3.42yrsno datano data
Pete Sonntag
Senior Vice President of Mountain Division - Whistler Blackcomb1.08yrsno datano data
Bill Rock
Senior Vice President of Mountain Division - Colorado & Utah1.08yrsno datano data
James O'Donnell
Executive Vice President of Hospitality7.83yrsno data0.018%
$ 1.7m
Mike Goar
Chief Operating Officer of Heavenly Mountain Resort5.17yrsno datano 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

NamePositionTenureCompensationOwnership
Robert Katz
Chairman & CEO14.58yrsUS$2.79m0.65%
$ 61.4m
Susan Decker
Independent Director5.08yrsUS$277.64k0.012%
$ 1.2m
John Redmond
Independent Director12.58yrsUS$280.15k0.047%
$ 4.4m
Hilary Schneider
Independent Director10.58yrsUS$264.30k0.049%
$ 4.6m
John Sorte
Independent Director27.75yrsUS$305.53k0.11%
$ 10.5m
D. Sewell
Lead Independent Director1.33yrsUS$310.97k0.043%
$ 4.0m
Peter Vaughn
Independent Director7.33yrsUS$270.65k0.020%
$ 1.9m
Michele Romanow
Independent Director4yrsUS$268.88k0.0092%
$ 866.7k
Nadia Rawlinson
Independent Director0.83yrUS$192.89kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTNNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1997
VAIDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1997
0LK3LSE (London Stock Exchange)YesCommon StockGBUSDFeb 1997
MTN *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 03:38
End of Day Share Price2020/10/29 00:00
Earnings2020/07/31
Annual Earnings2020/07/31


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.