VAIL RESORTS INC (MTN)

US91879Q1094 - Common Stock

165.69  -3.15 (-1.87%)

After market: 165.69 0 (0%)

Fundamental Rating

4

Taking everything into account, MTN scores 4 out of 10 in our fundamental rating. MTN was compared to 134 industry peers in the Hotels, Restaurants & Leisure industry. While MTN is still in line with the averages on profitability rating, there are concerns on its financial health. MTN is valued correctly, but it does not seem to be growing. MTN also has an excellent dividend rating.



5

1. Profitability

1.1 Basic Checks

In the past year MTN was profitable.
In the past year MTN had a positive cash flow from operations.
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

MTN's Return On Assets of 4.04% is fine compared to the rest of the industry. MTN outperforms 62.41% of its industry peers.
With an excellent Return On Equity value of 31.84%, MTN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
MTN has a Return On Invested Capital of 7.97%. This is in the better half of the industry: MTN outperforms 61.65% of its industry peers.
MTN had an Average Return On Invested Capital over the past 3 years of 8.00%. This is below the industry average of 10.29%.
Industry RankSector Rank
ROA 4.04%
ROE 31.84%
ROIC 7.97%
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

Looking at the Profit Margin, with a value of 7.99%, MTN is in the better half of the industry, outperforming 70.68% of the companies in the same industry.
MTN's Profit Margin has declined in the last couple of years.
MTN's Operating Margin of 17.15% is fine compared to the rest of the industry. MTN outperforms 72.18% 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 42.61%, MTN is doing worse than 60.90% 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 RankSector Rank
OM 17.15%
PM (TTM) 7.99%
GM 42.61%
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%

3

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
Compared to 1 year ago, MTN has a worse debt to assets ratio.

2.2 Solvency

MTN has an Altman-Z score of 1.71. This is a bad value and indicates that MTN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.71, MTN is in line with its industry, outperforming 52.63% of the companies in the same industry.
The Debt to FCF ratio of MTN is 7.40, which is on the high side as it means it would take MTN, 7.40 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.40, MTN is in the better half of the industry, outperforming 69.92% of the companies in the same industry.
A Debt/Equity ratio of 3.76 is on the high side and indicates that MTN has dependencies on debt financing.
With a Debt to Equity ratio value of 3.76, MTN perfoms like the industry average, outperforming 44.36% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.76
Debt/FCF 7.4
Altman-Z 1.71
ROIC/WACC1.08
WACC7.41%

2.3 Liquidity

A Current Ratio of 0.82 indicates that MTN may have some problems paying its short term obligations.
MTN's Current ratio of 0.82 is in line compared to the rest of the industry. MTN outperforms 40.60% of its industry peers.
A Quick Ratio of 0.71 indicates that MTN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.71, MTN is doing worse than 61.65% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.71

3

3. Growth

3.1 Past

The earnings per share for MTN have decreased by -8.50% in the last year.
MTN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.88% yearly.
The Revenue has decreased by -0.14% in the past year.
Measured over the past years, MTN shows a small growth in Revenue. The Revenue has been growing by 4.90% on average per year.
EPS 1Y (TTM)-8.5%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%-39.4%
Revenue 1Y (TTM)-0.14%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%-1.62%

3.2 Future

The Earnings Per Share is expected to grow by 24.14% on average over the next years. This is a very strong growth
MTN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.89% yearly.
EPS Next Y43.48%
EPS Next 2Y24.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.57%
Revenue Next 2Y3.89%
Revenue Next 3YN/A
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.
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

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 27.48, the valuation of MTN can be described as expensive.
MTN's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 30.51. MTN is around the same levels.
The Price/Forward Earnings ratio is 19.15, which indicates a rather expensive current 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 60.90% of the companies listed in the same industry.
MTN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.39.
Industry RankSector Rank
PE 27.48
Fwd PE 19.15

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.
MTN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MTN is cheaper than 77.44% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.54
EV/EBITDA 11.39

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MTN's earnings are expected to grow with 24.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.63
PEG (5Y)N/A
EPS Next 2Y24.14%
EPS Next 3YN/A

7

5. Dividend

5.1 Amount

MTN has a Yearly Dividend Yield of 5.29%, which is a nice return.
MTN's Dividend Yield is rather good when compared to the industry average which is at 2.88. MTN pays more dividend than 94.74% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.22, MTN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.29%

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 Years2
Div Non Decr Years3

5.3 Sustainability

140.48% of the earnings are spent on dividend by MTN. This is not a sustainable payout ratio.
MTN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP140.48%
EPS Next 2Y24.14%
EPS Next 3YN/A

VAIL RESORTS INC

NYSE:MTN (10/31/2024, 6:30:00 PM)

After market: 165.69 0 (0%)

165.69

-3.15 (-1.87%)

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 Cap6.21B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 5.29%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 27.48
Fwd PE 19.15
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)0.63
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.04%
ROE 31.84%
ROCE
ROIC
ROICexc
ROICexgc
OM 17.15%
PM (TTM) 7.99%
GM 42.61%
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 Turnover0.51
Health
Industry RankSector Rank
Debt/Equity 3.76
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.82
Quick Ratio 0.71
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)
High Growth Momentum
Growth
EPS 1Y (TTM)-8.5%
EPS 3Y25.78%
EPS 5Y
EPS Q2Q%
EPS Next Y43.48%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.14%
Revenue growth 3Y14.75%
Revenue growth 5Y
Sales 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
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y