VAIL RESORTS INC (MTN) Stock Fundamental Analysis
USA - NYSE:MTN - US91879Q1094 - Common Stock
147.01 USD
+3.68 (+2.57%)
147.05 USD
+0.04 (+0.03%)
Overall MTN gets a fundamental rating of 5 out of 10. We evaluated MTN against 133 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of MTN while its profitability can be described as average. MTN has a decent growth rate and is not valued too expensively. Finally MTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MTN had positive earnings in the past year.
In the past year MTN had a positive cash flow from operations.
MTN had positive earnings in each of the past 5 years.
MTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MTN has a better Return On Assets (5.03%) than 68.42% of its industry peers.
MTN has a better Return On Equity (32.40%) than 85.71% of its industry peers.
The Return On Invested Capital of MTN (9.72%) is better than 72.18% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MTN is significantly below the industry average of 15.68%.
The last Return On Invested Capital (9.72%) for MTN is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 32.4% | ||
| ROIC | 9.72% |
ROA(3y)4.69%
ROA(5y)3.6%
ROE(3y)26.71%
ROE(5y)19.13%
ROIC(3y)8%
ROIC(5y)6.38%
1.3 Margins
MTN's Profit Margin of 9.81% is fine compared to the rest of the industry. MTN outperforms 75.94% of its industry peers.
MTN's Profit Margin has declined in the last couple of years.
MTN has a better Operating Margin (18.38%) than 76.69% of its industry peers.
In the last couple of years the Operating Margin of MTN has declined.
Looking at the Gross Margin, with a value of 42.81%, MTN is in line with its industry, outperforming 41.35% of the companies in the same industry.
In the last couple of years the Gross Margin of MTN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.38% | ||
| PM (TTM) | 9.81% | ||
| GM | 42.81% |
OM growth 3Y6.03%
OM growth 5Y-3.64%
PM growth 3Y6.04%
PM growth 5Y-9.64%
GM growth 3Y-0.65%
GM growth 5Y0.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MTN is still creating some value.
Compared to 1 year ago, MTN has less shares outstanding
Compared to 5 years ago, MTN has less shares outstanding
The debt/assets ratio for MTN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.59, we must say that MTN is in the distress zone and has some risk of bankruptcy.
MTN has a Altman-Z score (1.59) which is comparable to the rest of the industry.
MTN has a debt to FCF ratio of 6.80. This is a slightly negative value and a sign of low solvency as MTN would need 6.80 years to pay back of all of its debts.
MTN has a Debt to FCF ratio of 6.80. This is in the better half of the industry: MTN outperforms 71.43% of its industry peers.
A Debt/Equity ratio of 2.35 is on the high side and indicates that MTN has dependencies on debt financing.
With a Debt to Equity ratio value of 2.35, MTN perfoms like the industry average, outperforming 47.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.35 | ||
| Debt/FCF | 6.8 | ||
| Altman-Z | 1.59 |
ROIC/WACC1.16
WACC8.41%
2.3 Liquidity
A Current Ratio of 0.61 indicates that MTN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.61, MTN is doing worse than 67.67% of the companies in the same industry.
MTN has a Quick Ratio of 0.61. This is a bad value and indicates that MTN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.54, MTN is doing worse than 68.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.39% over the past year.
The Earnings Per Share has been decreasing by -3.88% on average over the past years.
The Revenue has been growing slightly by 2.38% in the past year.
MTN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
EPS 1Y (TTM)6.39%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%10.48%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%0.96%
3.2 Future
Based on estimates for the next years, MTN will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.85% on average per year.
MTN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.25% yearly.
EPS Next Y29.01%
EPS Next 2Y13.63%
EPS Next 3Y11.85%
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y3.33%
Revenue Next 3Y3.25%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MTN is valuated rather expensively with a Price/Earnings ratio of 18.80.
MTN's Price/Earnings ratio is a bit cheaper when compared to the industry. MTN is cheaper than 72.93% of the companies in the same industry.
MTN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.27.
A Price/Forward Earnings ratio of 18.88 indicates a rather expensive valuation of MTN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MTN indicates a somewhat cheap valuation: MTN is cheaper than 64.66% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MTN to the average of the S&P500 Index (22.77), we can say MTN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.8 | ||
| Fwd PE | 18.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MTN is valued a bit cheaper than the industry average as 75.19% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MTN is valued cheaper than 87.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.76 | ||
| EV/EBITDA | 9.05 |
4.3 Compensation for Growth
MTN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of MTN may justify a higher PE ratio.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y13.63%
EPS Next 3Y11.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.03%, MTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.93, MTN pays a better dividend. On top of this MTN pays more dividend than 95.49% of the companies listed in the same industry.
MTN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.03% |
5.2 History
The dividend of MTN has a limited annual growth rate of 5.81%.
MTN has been paying a dividend for at least 10 years, so it has a reliable track record.
MTN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.81%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
MTN pays out 114.33% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MTN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP114.33%
EPS Next 2Y13.63%
EPS Next 3Y11.85%
147.01
+3.68 (+2.57%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners103.86%
Inst Owner Change5.87%
Ins Owners1.06%
Ins Owner Change0.19%
Market Cap5.46B
Analysts69.41
Price Target184.19 (25.29%)
Short Float %10.33%
Short Ratio6.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.03% |
Yearly Dividend8.55
Dividend Growth(5Y)5.81%
DP114.33%
Div Incr Years3
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.78%
Min EPS beat(2)2.92%
Max EPS beat(2)4.65%
EPS beat(4)3
Avg EPS beat(4)1.77%
Min EPS beat(4)-9.05%
Max EPS beat(4)8.57%
EPS beat(8)3
Avg EPS beat(8)-0.61%
EPS beat(12)5
Avg EPS beat(12)-1.54%
EPS beat(16)8
Avg EPS beat(16)-0.97%
Revenue beat(2)0
Avg Revenue beat(2)-1.41%
Min Revenue beat(2)-1.7%
Max Revenue beat(2)-1.13%
Revenue beat(4)1
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.7%
Max Revenue beat(4)1.46%
Revenue beat(8)1
Avg Revenue beat(8)-2.85%
Revenue beat(12)4
Avg Revenue beat(12)-1.21%
Revenue beat(16)6
Avg Revenue beat(16)-0.72%
PT rev (1m)0%
PT rev (3m)-1.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.17%
EPS NY rev (1m)-0.33%
EPS NY rev (3m)1.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.8 | ||
| Fwd PE | 18.88 | ||
| P/S | 1.85 | ||
| P/FCF | 13.76 | ||
| P/OCF | 8.64 | ||
| P/B | 6.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.05 |
EPS(TTM)7.82
EY5.32%
EPS(NY)7.79
Fwd EY5.3%
FCF(TTM)10.68
FCFY7.27%
OCF(TTM)17.02
OCFY11.58%
SpS79.64
BVpS24.1
TBVpS-29.17
PEG (NY)0.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 32.4% | ||
| ROCE | 13.16% | ||
| ROIC | 9.72% | ||
| ROICexc | 10.96% | ||
| ROICexgc | 23.84% | ||
| OM | 18.38% | ||
| PM (TTM) | 9.81% | ||
| GM | 42.81% | ||
| FCFM | 13.41% |
ROA(3y)4.69%
ROA(5y)3.6%
ROE(3y)26.71%
ROE(5y)19.13%
ROIC(3y)8%
ROIC(5y)6.38%
ROICexc(3y)9.28%
ROICexc(5y)7.46%
ROICexgc(3y)17.98%
ROICexgc(5y)14.59%
ROCE(3y)10.84%
ROCE(5y)8.64%
ROICexcg growth 3Y15.03%
ROICexcg growth 5Y-4.88%
ROICexc growth 3Y19.4%
ROICexc growth 5Y-2.28%
OM growth 3Y6.03%
OM growth 5Y-3.64%
PM growth 3Y6.04%
PM growth 5Y-9.64%
GM growth 3Y-0.65%
GM growth 5Y0.79%
F-Score7
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.35 | ||
| Debt/FCF | 6.8 | ||
| Debt/EBITDA | 2.52 | ||
| Cap/Depr | 80.81% | ||
| Cap/Sales | 7.95% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.72% | ||
| Profit Quality | 136.81% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 1.59 |
F-Score7
WACC8.41%
ROIC/WACC1.16
Cap/Depr(3y)90.02%
Cap/Depr(5y)76.93%
Cap/Sales(3y)8.62%
Cap/Sales(5y)8.13%
Profit Quality(3y)144.31%
Profit Quality(5y)195.81%
High Growth Momentum
Growth
EPS 1Y (TTM)6.39%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%10.48%
EPS Next Y29.01%
EPS Next 2Y13.63%
EPS Next 3Y11.85%
EPS Next 5YN/A
Revenue 1Y (TTM)2.38%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%0.96%
Revenue Next Year2.78%
Revenue Next 2Y3.33%
Revenue Next 3Y3.25%
Revenue Next 5YN/A
EBIT growth 1Y2.93%
EBIT growth 3Y21.66%
EBIT growth 5Y1.08%
EBIT Next Year68.45%
EBIT Next 3Y21.99%
EBIT Next 5YN/A
FCF growth 1Y6.65%
FCF growth 3Y-2.9%
FCF growth 5Y-3.21%
OCF growth 1Y-4.85%
OCF growth 3Y3.76%
OCF growth 5Y-1.54%