VAIL RESORTS INC (MTN) Stock Fundamental Analysis
USA - NYSE:MTN - US91879Q1094 - Common Stock
154.65 USD
+2.55 (+1.68%)
155.99 USD
+1.34 (+0.87%)
Overall MTN gets a fundamental rating of 5 out of 10. We evaluated MTN against 135 industry peers in the Hotels, Restaurants & Leisure industry. MTN has an excellent profitability rating, but there are concerns on its financial health. MTN has a correct valuation and a medium growth rate. MTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MTN had positive earnings in the past year.
MTN had a positive operating cash flow in the past year.
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's Return On Assets of 4.85% is fine compared to the rest of the industry. MTN outperforms 66.67% of its industry peers.
With an excellent Return On Equity value of 65.96%, MTN belongs to the best of the industry, outperforming 94.81% of the companies in the same industry.
The Return On Invested Capital of MTN (9.44%) is better than 72.59% of its industry peers.
MTN had an Average Return On Invested Capital over the past 3 years of 8.45%. This is significantly below the industry average of 15.69%.
The 3 year average ROIC (8.45%) for MTN is below the current ROIC(9.44%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.85% | ||
| ROE | 65.96% | ||
| ROIC | 9.44% |
ROA(3y)4.47%
ROA(5y)4.19%
ROE(3y)41.74%
ROE(5y)30.96%
ROIC(3y)8.45%
ROIC(5y)7.43%
1.3 Margins
MTN has a Profit Margin of 9.45%. This is in the better half of the industry: MTN outperforms 73.33% of its industry peers.
MTN's Profit Margin has improved in the last couple of years.
MTN has a better Operating Margin (17.83%) than 77.04% of its industry peers.
MTN's Operating Margin has improved in the last couple of years.
The Gross Margin of MTN (42.78%) is comparable to the rest of the industry.
MTN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.83% | ||
| PM (TTM) | 9.45% | ||
| GM | 42.78% |
OM growth 3Y-7.16%
OM growth 5Y6.96%
PM growth 3Y-11.81%
PM growth 5Y13.43%
GM growth 3Y-3.05%
GM growth 5Y1.31%
2. Health
2.1 Basic Checks
MTN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MTN has less shares outstanding
MTN has less shares outstanding than it did 5 years ago.
MTN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.48, we must say that MTN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.48, MTN perfoms like the industry average, outperforming 45.19% of the companies in the same industry.
MTN has a debt to FCF ratio of 9.99. This is a negative value and a sign of low solvency as MTN would need 9.99 years to pay back of all of its debts.
MTN has a Debt to FCF ratio of 9.99. This is comparable to the rest of the industry: MTN outperforms 58.52% of its industry peers.
A Debt/Equity ratio of 6.11 is on the high side and indicates that MTN has dependencies on debt financing.
The Debt to Equity ratio of MTN (6.11) is worse than 62.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 1.48 |
ROIC/WACC1.26
WACC7.46%
2.3 Liquidity
A Current Ratio of 0.63 indicates that MTN may have some problems paying its short term obligations.
MTN has a Current ratio of 0.63. This is in the lower half of the industry: MTN underperforms 65.93% of its industry peers.
A Quick Ratio of 0.56 indicates that MTN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.56, MTN is doing worse than 65.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.89% over the past year.
Measured over the past years, MTN shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.47% on average per year.
The Revenue has been growing slightly by 2.74% in the past year.
MTN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.59% yearly.
EPS 1Y (TTM)22.89%
EPS 3Y-4.43%
EPS 5Y20.47%
EPS Q2Q%-8.78%
Revenue 1Y (TTM)2.74%
Revenue growth 3Y5.48%
Revenue growth 5Y8.59%
Sales Q2Q%2.22%
3.2 Future
MTN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.56% yearly.
Based on estimates for the next years, MTN will show a small growth in Revenue. The Revenue will grow by 3.46% on average per year.
EPS Next Y4.93%
EPS Next 2Y6.71%
EPS Next 3Y7.56%
EPS Next 5YN/A
Revenue Next Year1.67%
Revenue Next 2Y2.57%
Revenue Next 3Y3.46%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 20.87.
68.15% of the companies in the same industry are more expensive than MTN, based on the Price/Earnings ratio.
MTN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.89, the valuation of MTN can be described as rather expensive.
MTN's Price/Forward Earnings ratio is in line with the industry average.
MTN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.30, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.87 | ||
| Fwd PE | 19.89 |
4.2 Price Multiples
MTN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MTN is cheaper than 64.44% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MTN is valued a bit cheaper than 78.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.36 | ||
| EV/EBITDA | 10.06 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MTN does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of MTN may justify a higher PE ratio.
PEG (NY)4.24
PEG (5Y)1.02
EPS Next 2Y6.71%
EPS Next 3Y7.56%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.69%, MTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.97, MTN pays a better dividend. On top of this MTN pays more dividend than 95.56% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, MTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
5.2 History
The dividend of MTN has a limited annual growth rate of 5.81%.
MTN has paid a dividend for at least 10 years, which is 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
117.20% of the earnings are spent on dividend by MTN. This is not a sustainable payout ratio.
The dividend of MTN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP117.2%
EPS Next 2Y6.71%
EPS Next 3Y7.56%
154.65
+2.55 (+1.68%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners111.86%
Inst Owner Change0%
Ins Owners1.06%
Ins Owner Change4.23%
Market Cap5.55B
Analysts69.41
Price Target183.44 (18.62%)
Short Float %11.52%
Short Ratio7.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
Yearly Dividend8.55
Dividend Growth(5Y)5.81%
DP117.2%
Div Incr Years3
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.86%
Min EPS beat(2)-6.36%
Max EPS beat(2)4.65%
EPS beat(4)3
Avg EPS beat(4)2.44%
Min EPS beat(4)-6.36%
Max EPS beat(4)8.57%
EPS beat(8)3
Avg EPS beat(8)-1.17%
EPS beat(12)4
Avg EPS beat(12)-2.77%
EPS beat(16)7
Avg EPS beat(16)-1.5%
Revenue beat(2)0
Avg Revenue beat(2)-1.82%
Min Revenue beat(2)-1.94%
Max Revenue beat(2)-1.7%
Revenue beat(4)1
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-1.94%
Max Revenue beat(4)1.46%
Revenue beat(8)1
Avg Revenue beat(8)-2.38%
Revenue beat(12)3
Avg Revenue beat(12)-1.43%
Revenue beat(16)5
Avg Revenue beat(16)-1.98%
PT rev (1m)-0.4%
PT rev (3m)-0.61%
EPS NQ rev (1m)1.23%
EPS NQ rev (3m)1.23%
EPS NY rev (1m)0.17%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)0.95%
Revenue NQ rev (3m)0.95%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.87 | ||
| Fwd PE | 19.89 | ||
| P/S | 1.87 | ||
| P/FCF | 17.36 | ||
| P/OCF | 10 | ||
| P/B | 13.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.06 |
EPS(TTM)7.41
EY4.79%
EPS(NY)7.77
Fwd EY5.03%
FCF(TTM)8.91
FCFY5.76%
OCF(TTM)15.46
OCFY10%
SpS82.62
BVpS11.83
TBVpS-43.18
PEG (NY)4.24
PEG (5Y)1.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.85% | ||
| ROE | 65.96% | ||
| ROCE | 12.86% | ||
| ROIC | 9.44% | ||
| ROICexc | 10.57% | ||
| ROICexgc | 22.87% | ||
| OM | 17.83% | ||
| PM (TTM) | 9.45% | ||
| GM | 42.78% | ||
| FCFM | 10.78% |
ROA(3y)4.47%
ROA(5y)4.19%
ROE(3y)41.74%
ROE(5y)30.96%
ROIC(3y)8.45%
ROIC(5y)7.43%
ROICexc(3y)9.37%
ROICexc(5y)8.66%
ROICexgc(3y)18.69%
ROICexgc(5y)17.41%
ROCE(3y)11.51%
ROCE(5y)10.13%
ROICexcg growth 3Y3.99%
ROICexcg growth 5Y22.63%
ROICexc growth 3Y1.61%
ROICexc growth 5Y19.6%
OM growth 3Y-7.16%
OM growth 5Y6.96%
PM growth 3Y-11.81%
PM growth 5Y13.43%
GM growth 3Y-3.05%
GM growth 5Y1.31%
F-Score8
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 9.99 | ||
| Debt/EBITDA | 3.14 | ||
| Cap/Depr | 79.34% | ||
| Cap/Sales | 7.93% | ||
| Interest Coverage | 3.38 | ||
| Cash Conversion | 67.25% | ||
| Profit Quality | 114.17% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 1.48 |
F-Score8
WACC7.46%
ROIC/WACC1.26
Cap/Depr(3y)90.77%
Cap/Depr(5y)78.85%
Cap/Sales(3y)8.72%
Cap/Sales(5y)7.96%
Profit Quality(3y)132.92%
Profit Quality(5y)173.66%
High Growth Momentum
Growth
EPS 1Y (TTM)22.89%
EPS 3Y-4.43%
EPS 5Y20.47%
EPS Q2Q%-8.78%
EPS Next Y4.93%
EPS Next 2Y6.71%
EPS Next 3Y7.56%
EPS Next 5YN/A
Revenue 1Y (TTM)2.74%
Revenue growth 3Y5.48%
Revenue growth 5Y8.59%
Sales Q2Q%2.22%
Revenue Next Year1.67%
Revenue Next 2Y2.57%
Revenue Next 3Y3.46%
Revenue Next 5YN/A
EBIT growth 1Y6.84%
EBIT growth 3Y-2.07%
EBIT growth 5Y16.14%
EBIT Next Year58.25%
EBIT Next 3Y21%
EBIT Next 5YN/A
FCF growth 1Y-15.39%
FCF growth 3Y-14.84%
FCF growth 5Y7.5%
OCF growth 1Y-5.8%
OCF growth 3Y-7.91%
OCF growth 5Y7.03%