VAIL RESORTS INC (MTN) Stock Fundamental Analysis
USA - NYSE:MTN - US91879Q1094 - Common Stock
147.53 USD
+3.27 (+2.27%)
147.53 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MTN was profitable.
MTN had a positive operating cash flow in the past year.
In the past 5 years MTN has always been profitable.
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 65.91% of its industry peers.
The Return On Equity of MTN (65.96%) is better than 93.94% of its industry peers.
MTN has a Return On Invested Capital of 9.44%. This is in the better half of the industry: MTN outperforms 71.97% of its industry peers.
MTN had an Average Return On Invested Capital over the past 3 years of 8.45%. This is below the industry average of 10.78%.
The last Return On Invested Capital (9.44%) for MTN is above the 3 year average (8.45%), which is a sign of increasing profitability.
| 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 72.73% of its industry peers.
In the last couple of years the Profit Margin of MTN has grown nicely.
MTN has a better Operating Margin (17.83%) than 76.52% of its industry peers.
In the last couple of years the Operating Margin of MTN has grown nicely.
MTN has a Gross Margin (42.78%) which is in line with its industry peers.
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.
The number of shares outstanding for MTN has been reduced compared to 1 year ago.
MTN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MTN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.44, we must say that MTN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of MTN (1.44) is comparable to the rest of the 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.
Looking at the Debt to FCF ratio, with a value of 9.99, MTN is in line with its industry, outperforming 59.09% of the companies in the same industry.
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 62.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 1.44 |
ROIC/WACC1.28
WACC7.39%
2.3 Liquidity
A Current Ratio of 0.63 indicates that MTN may have some problems paying its short term obligations.
With a Current ratio value of 0.63, MTN is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
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's Quick ratio of 0.56 is on the low side compared to the rest of the industry. MTN is outperformed by 68.18% of its industry peers.
| 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.
MTN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.47% yearly.
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
The Earnings Per Share is expected to grow by 6.91% on average over the next years.
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 3Y6.91%
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
The Price/Earnings ratio is 19.91, which indicates a rather expensive current valuation of MTN.
Based on the Price/Earnings ratio, MTN is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MTN to the average of the S&P500 Index (25.83), we can say MTN is valued slightly cheaper.
MTN is valuated rather expensively with a Price/Forward Earnings ratio of 21.64.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MTN is on the same level as its industry peers.
MTN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 32.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.91 | ||
| Fwd PE | 21.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MTN is valued a bit cheaper than the industry average as 65.91% of the companies are valued more expensively.
79.55% of the companies in the same industry are more expensive than MTN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.56 | ||
| EV/EBITDA | 9.61 |
4.3 Compensation for Growth
The decent profitability rating of MTN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.97
EPS Next 2Y2.46%
EPS Next 3Y6.91%
5. Dividend
5.1 Amount
MTN has a Yearly Dividend Yield of 6.11%, which is a nice return.
Compared to an average industry Dividend Yield of 4.33, MTN pays a better dividend. On top of this MTN pays more dividend than 96.21% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, MTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.11% |
5.2 History
The dividend of MTN is nicely growing with an annual growth rate of 11.10%!
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)11.1%
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 the earnings are growing slower. This means the dividend growth is not sustainable.
DP117.2%
EPS Next 2Y2.46%
EPS Next 3Y6.91%
147.53
+3.27 (+2.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners111.86%
Inst Owner Change-0.21%
Ins Owners1.06%
Ins Owner Change4.19%
Market Cap5.29B
Revenue(TTM)2.96B
Net Income(TTM)280.00M
Analysts69.41
Price Target176.58 (19.69%)
Short Float %11.25%
Short Ratio5.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.11% |
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)-5.01%
EPS NQ rev (3m)-4.64%
EPS NY rev (1m)-12.3%
EPS NY rev (3m)-12.41%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)1.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.91 | ||
| Fwd PE | 21.64 | ||
| P/S | 1.79 | ||
| P/FCF | 16.56 | ||
| P/OCF | 9.54 | ||
| P/B | 12.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.61 |
EPS(TTM)7.41
EY5.02%
EPS(NY)6.82
Fwd EY4.62%
FCF(TTM)8.91
FCFY6.04%
OCF(TTM)15.46
OCFY10.48%
SpS82.62
BVpS11.83
TBVpS-43.18
PEG (NY)N/A
PEG (5Y)0.97
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 | 1.44 |
F-Score8
WACC7.39%
ROIC/WACC1.28
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 3Y6.91%
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 4 / 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 19.91 and the Price/Book (PB) ratio is 12.47.
How financially healthy is VAIL RESORTS INC?
The financial health rating of VAIL RESORTS INC (MTN) is 2 / 10.