VAIL RESORTS INC (MTN)
US91879Q1094 - Common Stock
Taking everything into account, MTN scores 4 out of 10 in our fundamental rating. MTN was compared to 135 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 is quite expensive at the moment. It does show a decent growth rate. Finally 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.
In the past 5 years MTN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.11%, MTN is in line with its industry, outperforming 59.40% of the companies in the same industry.
The Return On Equity of MTN (28.94%) is better than 80.45% of its industry peers.
MTN has a Return On Invested Capital of 8.28%. This is in the better half of the industry: MTN outperforms 65.41% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MTN is below the industry average of 10.13%.
The last Return On Invested Capital (8.28%) for MTN is above the 3 year average (7.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.11% | ||
| ROE | 28.94% | ||
| ROIC | 8.28% |
ROA(3y)4.02%
ROA(5y)4.15%
ROE(3y)18.77%
ROE(5y)16.78%
ROIC(3y)7.02%
ROIC(5y)7.08%
1.3 Margins
The Profit Margin of MTN (8.44%) is better than 68.42% of its industry peers.
In the last couple of years the Profit Margin of MTN has declined.
With a decent Operating Margin value of 17.14%, MTN is doing good in the industry, outperforming 72.18% of the companies in the same industry.
In the last couple of years the Operating Margin of MTN has declined.
MTN has a worse Gross Margin (42.57%) than 62.41% of its industry peers.
MTN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.14% | ||
| PM (TTM) | 8.44% | ||
| GM | 42.57% |
OM growth 3Y11.87%
OM growth 5Y-2.73%
PM growth 3Y22.63%
PM growth 5Y-13.25%
GM growth 3Y1.86%
GM growth 5Y0.41%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MTN is destroying value.
The number of shares outstanding for MTN has been reduced compared to 1 year ago.
The number of shares outstanding for MTN has been reduced compared to 5 years ago.
MTN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.86 indicates that MTN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MTN has a Altman-Z score (1.86) which is in line with its industry peers.
MTN has a debt to FCF ratio of 7.61. This is a slightly negative value and a sign of low solvency as MTN would need 7.61 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 7.61, MTN is doing good in the industry, outperforming 66.92% of the companies in the same industry.
MTN has a Debt/Equity ratio of 3.28. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MTN (3.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.28 | ||
| Debt/FCF | 7.61 | ||
| Altman-Z | 1.86 |
ROIC/WACC0.99
WACC8.33%
2.3 Liquidity
MTN has a Current Ratio of 0.96. This is a bad value and indicates that MTN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of MTN (0.96) is comparable to the rest of the industry.
A Quick Ratio of 0.85 indicates that MTN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.85, MTN is in line with its industry, outperforming 50.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
MTN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.13%.
Measured over the past 5 years, MTN shows a small growth in Earnings Per Share. The EPS has been growing by 1.23% on average per year.
MTN shows a small growth in Revenue. In the last year, the Revenue has grown by 0.70%.
MTN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.51% yearly.
EPS 1Y (TTM)-27.13%
EPS 3Y31.17%
EPS 5Y1.23%
EPS growth Q2Q11.63%
Revenue 1Y (TTM)0.7%
Revenue growth 3Y13.74%
Revenue growth 5Y7.51%
Revenue growth Q2Q-2.16%
3.2 Future
MTN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.52% yearly.
Based on estimates for the next years, MTN will show a small growth in Revenue. The Revenue will grow by 3.87% on average per year.
EPS Next Y20.68%
EPS Next 2Y22.89%
EPS Next 3Y18.52%
EPS Next 5YN/A
Revenue Next Year0.61%
Revenue Next 2Y3.8%
Revenue Next 3Y3.87%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 34.33, which means the current valuation is very expensive for MTN.
The rest of the industry has a similar Price/Earnings ratio as MTN.
MTN's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.56.
With a Price/Forward Earnings ratio of 20.66, MTN is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MTN is on the same level as its industry peers.
MTN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.34, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.33 | ||
| Fwd PE | 20.66 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MTN is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, MTN is valued a bit cheaper than the industry average as 69.17% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.29 | ||
| EV/EBITDA | 12.72 |
4.3 Compensation for Growth
MTN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of MTN may justify a higher PE ratio.
MTN's earnings are expected to grow with 18.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.66
PEG (5Y)27.97
EPS Next 2Y22.89%
EPS Next 3Y18.52%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.52%, MTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.78, MTN pays a better dividend. On top of this MTN pays more dividend than 94.74% 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 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
5.2 History
The dividend of MTN is nicely growing with an annual growth rate of 9.59%!
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)9.59%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
MTN pays out 132.01% of its income as dividend. This is not a sustainable payout ratio.
MTN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP132.01%
EPS Next 2Y22.89%
EPS Next 3Y18.52%
VAIL RESORTS INC
NYSE:MTN (5/14/2024, 7:04:00 PM)
After market: 203.57 -2.06 (-1%)205.63
+2.59 (+1.28%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap7.81B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
Dividend Growth(5Y)
DP
Div Incr Years
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Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.33 | ||
| Fwd PE | 20.66 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.66
PEG (5Y)27.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.11% | ||
| ROE | 28.94% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.14% | ||
| PM (TTM) | 8.44% | ||
| GM | 42.57% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.28 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-27.13%
EPS 3Y31.17%
EPS 5Y
EPS growth Q2Q
EPS Next Y20.68%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.7%
Revenue growth 3Y13.74%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
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