| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
TNL Stock Overview
Travel + Leisure Co., together with its subsidiaries, provides hospitality services and products in the United States and internationally.
Travel + Leisure Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.64 |
| 52 Week High | US$63.19 |
| 52 Week Low | US$37.67 |
| Beta | 1.71 |
| 1 Month Change | -19.45% |
| 3 Month Change | -27.47% |
| 1 Year Change | -32.50% |
| 3 Year Change | -10.86% |
| 5 Year Change | -59.70% |
| Change since IPO | 25.05% |
Recent News & Updates
Travel + Leisure: Is This Timeshare Stock A Buy After This Dip?
Travel + Leisure has done an excellent job navigating and emerging from the pandemic. The company will likely be facing new headwinds as the Fed addresses inflation with tighter monetary policy. If there is depression, it will likely present advantageous opportunities for large operators like Travel + Leisure.
Travel + Leisure: Wyndham Integration Offers Opportunity
A few years ago, Wyndham Destinations merged with the travel mag, Travel + Leisure. This will allow for a reset of the unpopular (yet profitable) timeshare industry in a more modern and sustainable platform. Uncertainty about travel and recessions will lower the valuation over the next few quarters, but take advantage of this weakness.
Shareholder Returns
| TNL | US Hospitality | US Market | |
|---|---|---|---|
| 7D | -2.6% | -3.5% | -2.5% |
| 1Y | -32.5% | -32.1% | -21.2% |
Return vs Industry: TNL exceeded the US Hospitality industry which returned -33.5% over the past year.
Return vs Market: TNL underperformed the US Market which returned -21.7% over the past year.
Price Volatility
| TNL volatility | |
|---|---|
| TNL Average Weekly Movement | 7.5% |
| Hospitality Industry Average Movement | 9.4% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: TNL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: TNL's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 16,800 | Mike Brown | https://www.travelandleisureco.com |
Travel + Leisure Co., together with its subsidiaries, 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 Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
Travel + Leisure Fundamentals Summary
| TNL fundamental statistics | |
|---|---|
| Market Cap | US$3.47b |
| Earnings (TTM) | US$335.00m |
| Revenue (TTM) | US$3.32b |
10.4x
P/E Ratio1.0x
P/S RatioIs TNL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TNL income statement (TTM) | |
|---|---|
| Revenue | US$3.32b |
| Cost of Revenue | US$1.59b |
| Gross Profit | US$1.65b |
| Other Expenses | US$1.31b |
| Earnings | US$335.00m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.92 |
| Gross Margin | 49.71% |
| Net Profit Margin | 10.11% |
| Debt/Equity Ratio | -655.9% |
How did TNL perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield35%
Payout RatioValuation
Is TNL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TNL?
Other financial metrics that can be useful for relative valuation.
| What is TNL's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$3.47b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.6x |
| Enterprise Value/EBITDA | 10.5x |
| PEG Ratio | 0.6x |
Price to Earnings Ratio vs Peers
How does TNL's PE Ratio compare to its peers?
| TNL PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 23.3x | ||
VAC Marriott Vacations Worldwide | 36.9x | 52.6% | US$5.0b |
HGV Hilton Grand Vacations | 18.7x | 30.1% | US$4.4b |
WH Wyndham Hotels & Resorts | 19x | 3.7% | US$6.2b |
CHH Choice Hotels International | 18.8x | 7.2% | US$6.2b |
TNL Travel + Leisure | 10.4x | 18.0% | US$3.5b |
Price-To-Earnings vs Peers: TNL is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (23.3x).
Price to Earnings Ratio vs Industry
How does TNL's PE Ratio compare vs other companies in the US Hospitality Industry?
Price-To-Earnings vs Industry: TNL is good value based on its Price-To-Earnings Ratio (10.4x) compared to the US Hospitality industry average (18.3x)
Price to Earnings Ratio vs Fair Ratio
What is TNL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.4x |
| Fair PE Ratio | 26.2x |
Price-To-Earnings vs Fair Ratio: TNL is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).
Share Price vs Fair Value
What is the Fair Price of TNL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TNL ($40.64) is trading below our estimate of fair value ($112.84)
Significantly Below Fair Value: TNL is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: TNL is good value based on its PEG Ratio (0.6x)
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Future Growth
How is Travel + Leisure forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
18.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNL's forecast earnings growth (18% per year) is above the savings rate (1.9%).
Earnings vs Market: TNL's earnings (18% per year) are forecast to grow faster than the US market (13.6% per year).
High Growth Earnings: TNL's earnings are forecast to grow, but not significantly.
Revenue vs Market: TNL's revenue (11.1% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: TNL's revenue (11.1% 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 TNL's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has Travel + Leisure performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-28.1%
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 28.1% 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 (119.6%).
Return on Equity
High ROE: TNL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Discover strong past performing companies
Financial Health
How is Travel + Leisure's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
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 (11.9%).
Interest Coverage: TNL's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
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Dividend
What is Travel + Leisure current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TNL's dividend (3.94%) is higher than the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: TNL's dividend (3.94%) is low compared to the top 25% of dividend payers in the US market (4.3%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.8%), TNL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (23.7%), TNL's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Mike Brown (51 yo)
4.08yrs
Tenure
US$10,620,565
Compensation
Mr. Michael D. Brown, also known as Mike, has been Director, President and Chief Executive Officer at Travel + Leisure Co. (formerly, Wyndham Destinations,Inc). since May 2018. Mr. Brown was the Chief Exec...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD10.62M) is above average for companies of similar size in the US market ($USD6.90M).
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 (4 years average tenure).
Board Members
Experienced Board: TNL's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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
- Implied Market Cap: US$3.470b
- Shares outstanding: 85.39m
- Website: https://www.travelandleisureco.com
Number of Employees
Location
- Travel + Leisure Co.
- 6277 Sea Harbor Drive
- Orlando
- Florida
- 32821
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.