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TNL

Travel + LeisureNYSE:TNL Stock Report

Market Cap

US$4.3b

7D

-10.2%

1Y

12.0%

Updated

01 Dec, 2021

Data

Company Financials +
TNL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance2/6
Financial Health0/6
Dividends4/6

TNL Stock Overview

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

Travel + Leisure Competitors

Airbnb

NasdaqGS:ABNB

US$108.0b

Marriott International

NasdaqGS:MAR

US$48.1b

Hilton Worldwide Holdings

NYSE:HLT

US$37.6b

Royal Caribbean Cruises

NYSE:RCL

US$17.8b

Price History & Performance

Summary of all time highs, changes and price drops for Travel + Leisure
Historical stock prices
Current Share PriceUS$49.22
52 Week HighUS$68.26
52 Week LowUS$41.07
Beta1.88
1 Month Change-9.42%
3 Month Change-10.40%
1 Year Change11.97%
3 Year Change21.53%
5 Year Change-34.45%
Change since IPO51.45%

Recent News & Updates

Oct 15
Is Travel + Leisure Co. (NYSE:TNL) Worth US$54.2 Based On Its Intrinsic Value?

Is Travel + Leisure Co. (NYSE:TNL) Worth US$54.2 Based On Its Intrinsic Value?

Does the October share price for Travel + Leisure Co. ( NYSE:TNL ) reflect what it's really worth? Today, we will...

Sep 14

Travel + Leisure Co.: Strong Domestic Leisure Demand

Travel + Leisure Co. is one of the most promising companies in the travel industry with a unique business model. Households in the United States are actively spending their accumulated cash on domestic travel, which is a key advantage of Travel + Leisure Co. Through earning money for maintenance of timeshare apartments, the company shows a positive cash flow even in conditions of zero demand for vacations, which distinguishes it from its closest competitors. The Company's growth drivers in the next 12 months are the strong financial results for 2021 due to high domestic demand for tourism and the lifting of quarantine restrictions.

Shareholder Returns

TNLUS HospitalityUS Market
7D-10.2%-6.7%-2.8%
1Y12.0%0.8%20.0%

Return vs Industry: TNL exceeded the US Hospitality industry which returned 0.8% over the past year.

Return vs Market: TNL underperformed the US Market which returned 20% over the past year.

Price Volatility

Is TNL's price volatile compared to industry and market?
TNL volatility
TNL Average Weekly Movement5.0%
Hospitality Industry Average Movement6.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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.

About the Company

FoundedEmployeesCEOWebsite
199018,150Mike Brownhttps://www.travelandleisureco.com

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 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

How do Travel + Leisure's earnings and revenue compare to its market cap?
TNL fundamental statistics
Market CapUS$4.25b
Earnings (TTM)US$208.00m
Revenue (TTM)US$2.91b

20.4x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TNL income statement (TTM)
RevenueUS$2.91b
Cost of RevenueUS$1.37b
Gross ProfitUS$1.46b
ExpensesUS$1.25b
EarningsUS$208.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.41
Gross Margin50.05%
Net Profit Margin7.15%
Debt/Equity Ratio-628.5%

How did TNL perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

50%

Payout Ratio

Does TNL pay a reliable dividends?

See TNL dividend history and benchmarks
When do you need to buy TNL by to receive an upcoming dividend?
Travel + Leisure dividend dates
Ex Dividend DateDec 14 2021
Dividend Pay DateDec 30 2021
Days until Ex dividend13 days
Days until Dividend pay date29 days

Does TNL pay a reliable dividends?

See TNL dividend history and benchmarks

Valuation

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

21.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TNL ($49.22) is trading below our estimate of fair value ($62.88)

Significantly Below Fair Value: TNL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TNL is good value based on its PE Ratio (20.4x) compared to the US Hospitality industry average (23.2x).

PE vs Market: TNL is poor value based on its PE Ratio (20.4x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: TNL is good value based on its PEG Ratio (0.7x)


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?

27.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNL's forecast earnings growth (27.3% per year) is above the savings rate (2%).

Earnings vs Market: TNL's earnings (27.3% per year) are forecast to grow faster than the US market (14.2% per year).

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

Revenue vs Market: TNL's revenue (12.1% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: TNL's revenue (12.1% 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 very high in 3 years time (120.2%).


Past Performance

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

-32.3%

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 32.3% 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 (79.7%).


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 (11%).

Interest Coverage: TNL's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

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

2.84%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 01 2021Ex Dividend DateDec 14 2021Dividend Pay DateDec 30 202116 days from Ex DividendBuy in the next 13 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TNL's dividend (2.84%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: TNL's dividend (2.84%) is low compared to the top 25% of dividend payers in the US market (3.63%).


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 reasonably low payout ratio (49.8%), TNL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TNL's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Mike Brown (50 yo)

3.42yrs

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 ($USD12.93M) is above average for companies of similar size in the US market ($USD5.28M).

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 (3.4 years average tenure).


Board Members

Experienced Board: TNL'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: TNL 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

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
  • Market Cap: US$4.250b
  • Shares outstanding: 86.36m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 00:06
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
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.