NYSE:VAC

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Marriott Vacations Worldwide

Executive Summary

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. More Details


Snowflake Analysis

Reasonable growth potential and overvalued.


Similar Companies

Share Price & News

How has Marriott Vacations Worldwide's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: VAC's weekly volatility has decreased from 12% to 7% over the past year.


Market Performance


7 Day Return

1.0%

VAC

-0.4%

US Hospitality

0.6%

US Market


1 Year Return

12.8%

VAC

-9.0%

US Hospitality

22.7%

US Market

Return vs Industry: VAC exceeded the US Hospitality industry which returned -11.5% over the past year.

Return vs Market: VAC underperformed the US Market which returned 21% over the past year.


Shareholder returns

VACIndustryMarket
7 Day1.0%-0.4%0.6%
30 Day40.6%27.2%13.1%
90 Day41.3%13.2%4.5%
1 Year13.9%12.8%-7.6%-9.0%25.5%22.7%
3 Year6.4%2.0%-3.1%-9.3%49.0%39.1%
5 Year146.7%128.7%37.9%24.1%98.3%76.5%

Long-Term Price Volatility Vs. Market

How volatile is Marriott Vacations Worldwide's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Marriott Vacations Worldwide undervalued compared to its fair value and its price relative to the market?

2.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: VAC ($135.86) is trading above our estimate of fair value ($131.73)

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


Price To Earnings Ratio

PE vs Industry: VAC is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.

PE vs Market: VAC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VAC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VAC is good value based on its PB Ratio (2.1x) compared to the US Hospitality industry average (2.7x).


Next Steps

Future Growth

How is Marriott Vacations Worldwide forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

117.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VAC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: VAC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VAC's is expected to become profitable in the next 3 years.

Revenue vs Market: VAC's revenue (18.3% per year) is forecast to grow faster than the US market (10.3% per year).

High Growth Revenue: VAC's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VAC's Return on Equity is forecast to be low in 3 years time (16.1%).


Next Steps

Past Performance

How has Marriott Vacations Worldwide performed over the past 5 years?

-25.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VAC is currently unprofitable.

Growing Profit Margin: VAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VAC is unprofitable, and losses have increased over the past 5 years at a rate of 25.9% per year.

Accelerating Growth: Unable to compare VAC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VAC is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-53.8%).


Return on Equity

High ROE: VAC has a negative Return on Equity (-5.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Marriott Vacations Worldwide's financial position?


Financial Position Analysis

Short Term Liabilities: VAC's short term assets ($4.0B) exceed its short term liabilities ($568.0M).

Long Term Liabilities: VAC's short term assets ($4.0B) do not cover its long term liabilities ($5.8B).


Debt to Equity History and Analysis

Debt Level: VAC's debt to equity ratio (166.4%) is considered high.

Reducing Debt: VAC's debt to equity ratio has increased from 77.2% to 166.4% over the past 5 years.

Debt Coverage: VAC's debt is not well covered by operating cash flow (8.1%).

Interest Coverage: VAC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Marriott Vacations Worldwide current dividend yield, its reliability and sustainability?

0.66%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VAC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VAC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VAC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VAC is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VAC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

10.3yrs

Average management tenure


CEO

Steve Weisz (69 yo)

9.83yrs

Tenure

US$8,657,276

Compensation

Mr. Stephen P. Weisz, also known as Steve, has been President and Chief Executive Officer of ILG, Inc. since September 1, 2018. He has been Member of Board of Managers of ILG, Inc. since September 1, 2018....


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD8.66M) is about average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Weisz
President9.83yrsUS$8.66m0.57%
$ 32.0m
John Geller
Executive VP and Chief Financial & Administrative Officer11.83yrsUS$3.33m0.21%
$ 11.7m
Ralph Cunningham
Executive VP & COO of Vacation Ownership13.83yrsUS$2.38m0%
$ 0
Brian Miller
President of Vacation Ownership0.083yrUS$2.51m0.051%
$ 2.9m
Lizabeth Kane-Hanan
Executive VP and Chief Development & Product Officer9yrsUS$1.97m0.10%
$ 5.6m
Laurie Sullivan
Senior VPno datano data0.012%
$ 661.1k
Dwight Smith
Executive VP & Chief Information Officer14.83yrsno data0.021%
$ 1.2m
Neal Goldner
Vice President of Investor Relationsno datano datano data
James Hunter
Executive VP14.83yrsUS$2.40m0.12%
$ 6.6m
Michael Yonker
Executive VP & Chief Human Resources Officer10.83yrsno data0.022%
$ 1.2m
Scott Weisz
Senior Vice President of Vacation Ownership - East2.08yrsno datano data
Jeanette Marbert
President of Exchange & Third-Party Management2.83yrsno data0.23%
$ 13.1m

10.3yrs

Average Tenure

59yo

Average Age

Experienced Management: VAC's management team is seasoned and experienced (10.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Weisz
President9.83yrsUS$8.66m0.57%
$ 32.0m
William Shaw
Independent Chairman9yrsUS$357.15k0.34%
$ 18.8m
Stephen Quazzo
Independent Director2.17yrsUS$251.40k0.036%
$ 2.0m
William McCarten
Independent Director9yrsUS$262.65k0.0060%
$ 335.3k
Raymond Gellein
Independent Director9yrsUS$258.90k0.055%
$ 3.1m
Charles Andrews
Independent Director7.58yrsUS$267.65k0.050%
$ 2.8m
Dianna Morgan
Independent Director7.58yrsUS$266.22k0.035%
$ 1.9m
Thomas Hutchison
Independent Director9yrsUS$261.22k0.057%
$ 3.2m
Lizanne Galbreath
Independent Director2.17yrsUS$251.40k0.025%
$ 1.4m
Melquiades Martinez
Lead Independent Directorno dataUS$266.22k0.045%
$ 2.5m

9.0yrs

Average Tenure

70yo

Average Age

Experienced Board: VAC's board of directors are considered experienced (9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: VAC 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

Marriott Vacations Worldwide Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marriott Vacations Worldwide Corporation
  • Ticker: VAC
  • Exchange: NYSE
  • Founded: 1984
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$5.579b
  • Shares outstanding: 41.06m
  • Website: https://www.marriottvacationsworldwide.com

Number of Employees


Location

  • Marriott Vacations Worldwide Corporation
  • 6649 Westwood Boulevard
  • Suite 500
  • Orlando
  • Florida
  • 32821
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VACNYSE (New York Stock Exchange)YesCommon SharesUSUSDNov 2011
M8VDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2011

Biography

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:31
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.