TNL Stock Overview
Travel + Leisure Co. provides hospitality services and products in the United States and internationally.
Travel + Leisure Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$49.22|
|52 Week High||US$68.26|
|52 Week Low||US$41.07|
|1 Month Change||-9.42%|
|3 Month Change||-10.40%|
|1 Year Change||11.97%|
|3 Year Change||21.53%|
|5 Year Change||-34.45%|
|Change since IPO||51.45%|
Recent News & Updates
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...
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.
|TNL||US Hospitality||US Market|
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.
|TNL Average Weekly Movement||5.0%|
|Hospitality Industry Average Movement||6.5%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
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
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
|TNL fundamental statistics|
Is TNL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TNL income statement (TTM)|
|Cost of Revenue||US$1.37b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.41|
|Net Profit Margin||7.15%|
How did TNL perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Does TNL pay a reliable dividends?See TNL dividend history and benchmarks
|Travel + Leisure dividend dates|
|Ex Dividend Date||Dec 14 2021|
|Dividend Pay Date||Dec 30 2021|
|Days until Ex dividend||12 days|
|Days until Dividend pay date||28 days|
Does TNL pay a reliable dividends?See TNL dividend history and benchmarks
Is Travel + Leisure undervalued compared to its fair value and its price relative to the market?
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.
How is Travel + Leisure forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
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%).
How has Travel + Leisure performed over the past 5 years?
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.
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).
What is Travel + Leisure current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Brown (50 yo)
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.
Experienced Management: TNL's management team is considered experienced (3.4 years average tenure).
Experienced Board: TNL's board of directors are considered experienced (8.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Travel + Leisure Co.'s employee growth, exchange listings and data sources
- 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
- Travel + Leisure Co.
- 6277 Sea Harbor Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/01 00:06|
|End of Day Share Price||2021/11/30 00:00|
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.