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MTN

Vail ResortsNYSE:MTN Stock Report

Market Cap

US$14.2b

7D

0.3%

1Y

45.4%

Updated

26 Oct, 2021

Data

Company Financials +
MTN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance3/6
Financial Health2/6
Dividends2/6

MTN Overview

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

Vail Resorts Competitors

SeaWorld Entertainment

NYSE:SEAS

US$5.2b

Six Flags Entertainment

NYSE:SIX

US$4.0b

Cedar Fair

NYSE:FUN

US$2.7b

Marriott International

NasdaqGS:MAR

US$50.8b

Price History & Performance

Summary of all time highs, changes and price drops for Vail Resorts
Historical stock prices
Current Share PriceUS$351.05
52 Week HighUS$227.34
52 Week LowUS$360.55
Beta1.24
1 Month Change-0.23%
3 Month Change13.24%
1 Year Change45.42%
3 Year Change45.00%
5 Year Change122.72%
Change since IPO1,460.22%

Recent News & Updates

Sep 10
Estimating The Intrinsic Value Of Vail Resorts, Inc. (NYSE:MTN)

Estimating The Intrinsic Value Of Vail Resorts, Inc. (NYSE:MTN)

How far off is Vail Resorts, Inc. ( NYSE:MTN ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

MTNUS HospitalityUS Market
7D0.3%-1.7%0.9%
1Y45.4%36.9%33.4%

Return vs Industry: MTN exceeded the US Hospitality industry which returned 33.7% over the past year.

Return vs Market: MTN exceeded the US Market which returned 33.4% over the past year.

Price Volatility

Is MTN's price volatile compared to industry and market?
MTN volatility
MTN Beta1.24
Industry Beta1.68
Market Beta1

Stable Share Price: MTN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MTN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19976,100Rob Katzhttps://www.vailresorts.com

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas.

Vail Resorts Fundamentals Summary

How do Vail Resorts's earnings and revenue compare to its market cap?
MTN fundamental statistics
Market CapUS$14.21b
Earnings (TTM)US$127.85m
Revenue (TTM)US$1.91b

111.2x

P/E Ratio

7.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTN income statement (TTM)
RevenueUS$1.91b
Cost of RevenueUS$1.04b
Gross ProfitUS$868.65m
ExpensesUS$740.80m
EarningsUS$127.85m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.16
Gross Margin45.49%
Net Profit Margin6.69%
Debt/Equity Ratio137.3%

How did MTN perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

0%

Payout Ratio

Valuation

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

18.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTN ($351.05) is trading below our estimate of fair value ($430.59)

Significantly Below Fair Value: MTN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MTN is poor value based on its PE Ratio (111.2x) compared to the US Hospitality industry average (26.8x).

PE vs Market: MTN is poor value based on its PE Ratio (111.2x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: MTN is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: MTN is overvalued based on its PB Ratio (8.9x) compared to the US Hospitality industry average (3.7x).


Future Growth

How is Vail Resorts forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

38.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTN's forecast earnings growth (38.6% per year) is above the savings rate (2%).

Earnings vs Market: MTN's earnings (38.6% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MTN's revenue (15% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: MTN's revenue (15% 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 high in 3 years time (20.1%)


Past Performance

How has Vail Resorts performed over the past 5 years?

-11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTN has high quality earnings.

Growing Profit Margin: MTN's current net profit margins (6.7%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: MTN's earnings have declined by 11.2% per year over the past 5 years.

Accelerating Growth: MTN's earnings growth over the past year (29.4%) exceeds its 5-year average (-11.2% per year).

Earnings vs Industry: MTN earnings growth over the past year (29.4%) underperformed the Hospitality industry 81.9%.


Return on Equity

High ROE: MTN's Return on Equity (6.8%) is considered low.


Financial Health

How is Vail Resorts's financial position?


Financial Position Analysis

Short Term Liabilities: MTN's short term assets ($1.7B) exceed its short term liabilities ($978.4M).

Long Term Liabilities: MTN's short term assets ($1.7B) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: MTN's debt to equity ratio (137.3%) is considered high.

Reducing Debt: MTN's debt to equity ratio has increased from 79.1% to 137.3% 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 (1.9x coverage).


Balance Sheet


Dividend

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

1.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MTN's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: MTN's dividend (1%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: MTN's dividend payments have been volatile in the past 10 years.

Growing Dividend: MTN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as MTN has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: MTN's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).


Next Steps

Management

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

6.2yrs

Average management tenure


CEO

Rob Katz (54 yo)

15.67yrs

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 ($USD2.79M) is below average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MTN's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: MTN's board of directors are considered experienced (8.3 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 employee growth, exchange listings and data sources


Key Information

  • Name: Vail Resorts, Inc.
  • Ticker: MTN
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: US$14.211b
  • Shares outstanding: 40.48m
  • Website: https://www.vailresorts.com

Number of Employees


Location

  • Vail Resorts, Inc.
  • 390 Interlocken Crescent
  • Broomfield
  • Colorado
  • 80021
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:30
End of Day Share Price2021/10/26 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


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.