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Market Cap

US$4.7b

Last Updated

2021/09/22 00:19 UTC

Data Sources

Company Financials +

Executive Summary

Travel + Leisure Co. provides hospitality services and products in the United States and internationally. More Details


Snowflake Analysis

High growth potential average dividend payer.


Similar Companies

Share Price & News

How has Travel + Leisure's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TNL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TNL's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

TNL

-0.9%

US Hospitality

-1.8%

US Market


1 Year Return

79.1%

TNL

31.3%

US Hospitality

31.5%

US Market

Return vs Industry: TNL exceeded the US Hospitality industry which returned 34.8% over the past year.

Return vs Market: TNL exceeded the US Market which returned 33% over the past year.


Shareholder returns

TNLIndustryMarket
7 Day-2.2%-0.9%-1.8%
30 Day10.0%7.0%-0.9%
90 Day-9.6%-3.0%0.8%
1 Year83.0%79.1%31.8%31.3%33.5%31.5%
3 Year42.8%27.0%5.4%1.8%57.5%47.8%
5 Year114.6%-18.5%41.7%32.3%119.1%95.3%

Long-Term Price Volatility Vs. Market

How volatile is Travel + Leisure's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Travel + Leisure undervalued compared to its fair value and its price relative to the market?

32.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TNL ($54.87) is trading above our estimate of fair value ($38.77)

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


Price To Earnings Ratio

PE vs Industry: TNL is poor value based on its PE Ratio (32.2x) compared to the US Hospitality industry average (23.8x).

PE vs Market: TNL is poor value based on its PE Ratio (32.2x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: TNL is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: TNL has negative assets, so we can't compare its PB Ratio to the US Hospitality industry average.


Future Growth

How is Travel + Leisure forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

35.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNL's forecast earnings growth (35.5% per year) is above the savings rate (2%).

Earnings vs Market: TNL's earnings (35.5% per year) are forecast to grow faster than the US market (14.9% per year).

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

Revenue vs Market: TNL's revenue (15.2% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: TNL's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TNL's Return on Equity is forecast to be high in 3 years time (27.3%)


Past Performance

How has Travel + Leisure performed over the past 5 years?

-32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNL has high quality earnings.

Growing Profit Margin: TNL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TNL's earnings have declined by 32.7% per year over the past 5 years.

Accelerating Growth: TNL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TNL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (95.3%).


Return on Equity

High ROE: TNL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Travel + Leisure's financial position?


Financial Position Analysis

Short Term Liabilities: TNL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TNL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TNL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TNL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: TNL's debt is not well covered by operating cash flow (9.9%).

Interest Coverage: TNL's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Dividend

What is Travel + Leisure current dividend yield, its reliability and sustainability?

2.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TNL's dividend (2.19%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: TNL's dividend (2.19%) is low compared to the top 25% of dividend payers in the US market (3.65%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.4%), TNL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TNL's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Mike Brown (50 yo)

3.25yrs

Tenure

US$12,927,592

Compensation

Mr. Michael D. Brown, also known as Mike, has been Director, President and Chief Executive Officer at Travel + Leisure Co. (formerly, Wyndham Destinations,Inc). since June 1, 2018. Mr. Brown was the Chief...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD12.93M) is above average for companies of similar size in the US market ($USD5.25M).

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


Leadership Team

Experienced Management: TNL's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: TNL's board of directors are considered experienced (8.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TNL insiders have sold more shares than they have bought 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

Travel + Leisure Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Travel + Leisure Co.
  • Ticker: TNL
  • Exchange: NYSE
  • Founded: 1990
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$4.738b
  • Shares outstanding: 86.35m
  • Website: https://www.travelandleisureco.com

Number of Employees


Location

  • Travel + Leisure Co.
  • 6277 Sea Harbor Drive
  • Orlando
  • Florida
  • 32821
  • United States

Listings


Biography

Travel + Leisure Co. provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation O...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:19
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.