VAIL RESORTS INC (MTN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MTN - US91879Q1094 - Common Stock
140.21 USD
+1.02 (+0.73%)
140.21 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MTN. MTN was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. While MTN belongs to the best of the industry regarding profitability, there are concerns on its financial health. MTN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MTN was profitable.
MTN had a positive operating cash flow in the past year.
Each year in the past 5 years MTN has been profitable.
In the past 5 years MTN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MTN (4.85%) is better than 65.91% of its industry peers.
MTN has a Return On Equity of 65.96%. This is amongst the best in the industry. MTN outperforms 92.42% of its industry peers.
With a decent Return On Invested Capital value of 9.44%, MTN is doing good in the industry, outperforming 71.97% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MTN is in line with the industry average of 10.42%.
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 better Profit Margin (9.45%) than 69.70% of its industry peers.
MTN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 17.83%, MTN is in the better half of the industry, outperforming 76.52% of the companies in the same industry.
In the last couple of years the Operating Margin of MTN has grown nicely.
MTN has a Gross Margin (42.78%) which 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MTN is creating some 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.
The debt/assets ratio for MTN is higher compared to a year ago.
2.2 Solvency
MTN has an Altman-Z score of 1.42. This is a bad value and indicates that MTN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.42, MTN perfoms like the industry average, outperforming 44.70% of the companies in the same industry.
The Debt to FCF ratio of MTN is 9.99, which is on the high side as it means it would take MTN, 9.99 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 9.99, MTN perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
MTN has a Debt/Equity ratio of 6.11. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 6.11, MTN is doing worse than 62.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 1.42 |
ROIC/WACC1.26
WACC7.48%
2.3 Liquidity
A Current Ratio of 0.63 indicates that MTN may have some problems paying its short term obligations.
MTN's Current ratio of 0.63 is on the low side compared to the rest of the industry. MTN is outperformed by 68.18% of its industry peers.
MTN has a Quick Ratio of 0.63. This is a bad value and indicates that MTN is not financially healthy enough and could expect problems in meeting its short term obligations.
MTN has a Quick ratio of 0.56. This is in the lower half of the industry: MTN underperforms 67.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
MTN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.89%, which is quite impressive.
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.
The Revenue has been growing by 8.59% on average over the past years. This is quite good.
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
Based on estimates for the next years, MTN will show a small growth in Earnings Per Share. The EPS will grow by 7.56% on average per year.
MTN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.46% yearly.
EPS Next Y-7.98%
EPS Next 2Y2.46%
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
MTN is valuated rather expensively with a Price/Earnings ratio of 18.92.
69.70% of the companies in the same industry are more expensive than MTN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MTN to the average of the S&P500 Index (26.31), we can say MTN is valued slightly cheaper.
MTN is valuated rather expensively with a Price/Forward Earnings ratio of 20.56.
MTN's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.59, MTN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.92 | ||
| Fwd PE | 20.56 |
4.2 Price Multiples
68.18% of the companies in the same industry are more expensive than MTN, based on the Enterprise Value to EBITDA ratio.
MTN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MTN is cheaper than 80.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.74 | ||
| EV/EBITDA | 9.39 |
4.3 Compensation for Growth
The decent profitability rating of MTN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.92
EPS Next 2Y2.46%
EPS Next 3Y7.56%
5. Dividend
5.1 Amount
MTN has a Yearly Dividend Yield of 6.47%, which is a nice return.
Compared to an average industry Dividend Yield of 6.38, MTN pays a better dividend. On top of this MTN pays more dividend than 95.45% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, MTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
5.2 History
The dividend of MTN is nicely growing with an annual growth rate of 11.10%!
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)11.1%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
MTN pays out 117.20% of its income as dividend. This is not a sustainable payout ratio.
MTN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP117.2%
EPS Next 2Y2.46%
EPS Next 3Y7.56%
140.21
+1.02 (+0.73%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners111.86%
Inst Owner Change3.55%
Ins Owners1.06%
Ins Owner Change4.2%
Market Cap5.03B
Revenue(TTM)2.96B
Net Income(TTM)280.00M
Analysts69.41
Price Target176.58 (25.94%)
Short Float %11.35%
Short Ratio5.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
Yearly Dividend8.95
Dividend Growth(5Y)11.1%
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)-3.74%
PT rev (3m)-4.13%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-4.49%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.43%
Revenue NQ rev (1m)0.46%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.92 | ||
| Fwd PE | 20.56 | ||
| P/S | 1.7 | ||
| P/FCF | 15.74 | ||
| P/OCF | 9.07 | ||
| P/B | 11.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.39 |
EPS(TTM)7.41
EY5.28%
EPS(NY)6.82
Fwd EY4.86%
FCF(TTM)8.91
FCFY6.35%
OCF(TTM)15.46
OCFY11.03%
SpS82.62
BVpS11.83
TBVpS-43.18
PEG (NY)N/A
PEG (5Y)0.92
Graham Number44.41
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%
ROICexgc growth 3Y3.99%
ROICexgc 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 | 1.42 |
F-Score8
WACC7.48%
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 Y-7.98%
EPS Next 2Y2.46%
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%
VAIL RESORTS INC / MTN FAQ
What is the ChartMill fundamental rating of VAIL RESORTS INC (MTN) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MTN.
What is the valuation status for MTN stock?
ChartMill assigns a valuation rating of 5 / 10 to VAIL RESORTS INC (MTN). This can be considered as Fairly Valued.
How profitable is VAIL RESORTS INC (MTN) stock?
VAIL RESORTS INC (MTN) has a profitability rating of 7 / 10.
What are the PE and PB ratios of VAIL RESORTS INC (MTN) stock?
The Price/Earnings (PE) ratio for VAIL RESORTS INC (MTN) is 18.92 and the Price/Book (PB) ratio is 11.85.
How financially healthy is VAIL RESORTS INC?
The financial health rating of VAIL RESORTS INC (MTN) is 2 / 10.