VAIL RESORTS INC (MTN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MTN - US91879Q1094 - Common Stock
143.94 USD
-0.42 (-0.29%)
143.94 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MTN. MTN was compared to 131 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.
In the past year MTN had a positive cash flow from operations.
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 has a better Return On Assets (4.85%) than 64.89% of its industry peers.
Looking at the Return On Equity, with a value of 65.96%, MTN belongs to the top of the industry, outperforming 92.37% of the companies in the same industry.
MTN has a Return On Invested Capital of 9.44%. This is in the better half of the industry: MTN outperforms 71.76% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MTN is in line with the industry average of 10.43%.
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's Profit Margin of 9.45% is fine compared to the rest of the industry. MTN outperforms 69.47% of its industry peers.
In the last couple of years the Profit Margin of MTN has grown nicely.
Looking at the Operating Margin, with a value of 17.83%, MTN is in the better half of the industry, outperforming 76.34% 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.
In the last couple of years the Gross Margin of MTN has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MTN is still 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.
MTN has a worse debt/assets ratio than last year.
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.
MTN has a Altman-Z score (1.44) which is in line with its industry peers.
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.
MTN's Debt to FCF ratio of 9.99 is in line compared to the rest of the industry. MTN outperforms 59.54% of its industry peers.
MTN has a Debt/Equity ratio of 6.11. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MTN (6.11) is worse than 62.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 1.44 |
ROIC/WACC1.21
WACC7.82%
2.3 Liquidity
MTN has a Current 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 worse Current ratio (0.63) than 70.23% 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 69.47% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing by 20.47% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 2.74% in the past year.
Measured over the past years, MTN shows a quite strong growth in Revenue. The Revenue has been growing by 8.59% on average per year.
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 5.71% yearly.
The Revenue is expected to grow by 2.97% on average over the next years.
EPS Next Y-7.72%
EPS Next 2Y2.09%
EPS Next 3Y5.71%
EPS Next 5YN/A
Revenue Next Year1.64%
Revenue Next 2Y2.54%
Revenue Next 3Y2.97%
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.
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
Based on the Price/Earnings ratio of 19.43, the valuation of MTN can be described as rather expensive.
Based on the Price/Earnings ratio, MTN is valued a bit cheaper than the industry average as 68.70% of the companies are valued more expensively.
MTN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.34.
MTN is valuated rather expensively with a Price/Forward Earnings ratio of 21.05.
MTN's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.56. MTN is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.43 | ||
| Fwd PE | 21.05 |
4.2 Price Multiples
65.65% 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 a bit cheaper when compared to the industry. MTN is cheaper than 77.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.19 | ||
| 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)0.95
EPS Next 2Y2.09%
EPS Next 3Y5.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.28%, MTN is a good candidate for dividend investing.
MTN's Dividend Yield is rather good when compared to the industry average which is at 3.84. MTN pays more dividend than 97.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, MTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.28% |
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
MTN pays out 117.20% of its income as dividend. 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 2Y2.09%
EPS Next 3Y5.71%
143.94
-0.42 (-0.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners121.15%
Inst Owner Change3.56%
Ins Owners1.02%
Ins Owner Change4.2%
Market Cap5.17B
Revenue(TTM)2.96B
Net Income(TTM)280.00M
Analysts69.41
Price Target176.58 (22.68%)
Short Float %11.73%
Short Ratio5.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.28% |
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)0%
PT rev (3m)-4.13%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-4.49%
EPS NY rev (1m)0.28%
EPS NY rev (3m)-12.18%
Revenue NQ rev (1m)0.46%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.43 | ||
| Fwd PE | 21.05 | ||
| P/S | 1.75 | ||
| P/FCF | 16.19 | ||
| P/OCF | 9.33 | ||
| P/B | 12.19 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.61 |
EPS(TTM)7.41
EY5.15%
EPS(NY)6.84
Fwd EY4.75%
FCF(TTM)8.89
FCFY6.18%
OCF(TTM)15.43
OCFY10.72%
SpS82.46
BVpS11.81
TBVpS-43.09
PEG (NY)N/A
PEG (5Y)0.95
Graham Number44.37
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
WACC7.82%
ROIC/WACC1.21
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-7.72%
EPS Next 2Y2.09%
EPS Next 3Y5.71%
EPS Next 5YN/A
Revenue 1Y (TTM)2.74%
Revenue growth 3Y5.48%
Revenue growth 5Y8.59%
Sales Q2Q%2.22%
Revenue Next Year1.64%
Revenue Next 2Y2.54%
Revenue Next 3Y2.97%
Revenue Next 5YN/A
EBIT growth 1Y6.84%
EBIT growth 3Y-2.07%
EBIT growth 5Y16.14%
EBIT Next Year54.28%
EBIT Next 3Y20.24%
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 19.43 and the Price/Book (PB) ratio is 12.19.
How financially healthy is VAIL RESORTS INC?
The financial health rating of VAIL RESORTS INC (MTN) is 2 / 10.