VAIL RESORTS INC (MTN) Stock Fundamental Analysis
NYSE:MTN - New York Stock Exchange, Inc. - US91879Q1094 - Common Stock
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. MTN has a medium profitability rating, but doesn't score so well on its financial health evaluation. MTN has a correct valuation and a medium growth rate. MTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MTN had positive earnings in the past year.
In the past year MTN had a positive cash flow from operations.
In the past 5 years MTN has always 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 (4.04%) is better than 61.83% of its industry peers.
Looking at the Return On Equity, with a value of 31.84%, MTN belongs to the top of the industry, outperforming 86.26% of the companies in the same industry.
MTN has a better Return On Invested Capital (7.97%) than 64.12% 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 10.54%.
| Industry Rank | Sector 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
MTN's Profit Margin of 7.99% is fine compared to the rest of the industry. MTN outperforms 68.70% of its industry peers.
MTN's Profit Margin has declined in the last couple of years.
MTN has a better Operating Margin (17.15%) than 71.76% of its industry peers.
In the last couple of years the Operating Margin of MTN has declined.
MTN has a Gross Margin of 42.61%. This is in the lower half of the industry: MTN underperforms 60.31% of its industry peers.
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 | 17.15% | ||
| 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%
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.
MTN has less shares outstanding than it did 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
Based on the Altman-Z score of 1.75, we must say that MTN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.75, MTN is in line with its industry, outperforming 51.91% 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 66.41% 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.
The Debt to Equity ratio of MTN (3.76) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 7.4 | ||
| Altman-Z | 1.75 |
ROIC/WACC1.03
WACC7.73%
2.3 Liquidity
MTN has a Current Ratio of 0.82. 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 Current ratio of 0.82. This is comparable to the rest of the industry: MTN outperforms 44.27% of its industry peers.
MTN has a Quick Ratio of 0.82. 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 Quick ratio of MTN (0.71) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
MTN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.69%, which is quite good.
Measured over the past years, MTN shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.88% on average per year.
MTN shows a decrease in Revenue. In the last year, the revenue decreased by -0.15%.
MTN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
EPS 1Y (TTM)11.69%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%-0.22%
Revenue 1Y (TTM)-0.15%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%0.65%
3.2 Future
The Earnings Per Share is expected to grow by 14.18% on average over the next years. This is quite good.
MTN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.10% yearly.
EPS Next Y27.05%
EPS Next 2Y17.65%
EPS Next 3Y14.18%
EPS Next 5YN/A
Revenue Next Year4.6%
Revenue Next 2Y4.47%
Revenue Next 3Y4.1%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 28.40 indicates a quite expensive valuation of MTN.
Compared to the rest of the industry, the Price/Earnings ratio of MTN is on the same level as its industry peers.
MTN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.29.
A Price/Forward Earnings ratio of 20.48 indicates a rather expensive valuation of MTN.
Based on the Price/Forward Earnings ratio, MTN is valued a bit cheaper than 62.60% of the companies in the same industry.
MTN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.4 | ||
| Fwd PE | 20.48 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MTN.
77.86% 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 | 17.04 | ||
| EV/EBITDA | 11.84 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
MTN's earnings are expected to grow with 14.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.05
PEG (5Y)N/A
EPS Next 2Y17.65%
EPS Next 3Y14.18%
5. Dividend
5.1 Amount
MTN has a Yearly Dividend Yield of 4.93%, which is a nice return.
Compared to an average industry Dividend Yield of 2.98, MTN pays a better dividend. On top of this MTN pays more dividend than 93.13% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, MTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
5.2 History
The dividend of MTN has a limited annual growth rate of 5.81%.
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)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.
The dividend of MTN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP140.48%
EPS Next 2Y17.65%
EPS Next 3Y14.18%
VAIL RESORTS INC
NYSE:MTN (1/22/2025, 3:46:55 PM)
170.97
-7.36 (-4.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners103.74%
Inst Owner Change-0.13%
Ins Owners1.16%
Ins Owner Change2.99%
Market Cap6.40B
Analysts68.24
Price Target208.45 (21.92%)
Short Float %6.4%
Short Ratio4.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
Yearly Dividend8.55
Dividend Growth(5Y)5.81%
DP140.48%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.16%
Min EPS beat(2)-9.05%
Max EPS beat(2)-5.28%
EPS beat(4)0
Avg EPS beat(4)-4.79%
Min EPS beat(4)-9.05%
Max EPS beat(4)-0.24%
EPS beat(8)1
Avg EPS beat(8)-5.38%
EPS beat(12)4
Avg EPS beat(12)-2.82%
EPS beat(16)7
Avg EPS beat(16)1.38%
Revenue beat(2)0
Avg Revenue beat(2)-1.62%
Min Revenue beat(2)-2.56%
Max Revenue beat(2)-0.67%
Revenue beat(4)0
Avg Revenue beat(4)-3.94%
Min Revenue beat(4)-6.99%
Max Revenue beat(4)-0.67%
Revenue beat(8)2
Avg Revenue beat(8)-1.73%
Revenue beat(12)4
Avg Revenue beat(12)-2.37%
Revenue beat(16)6
Avg Revenue beat(16)-1.54%
PT rev (1m)3.64%
PT rev (3m)1.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.84%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.4 | ||
| Fwd PE | 20.48 | ||
| P/S | 2.22 | ||
| P/FCF | 17.04 | ||
| P/OCF | 10.91 | ||
| P/B | 8.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.84 |
EPS(TTM)6.02
EY3.52%
EPS(NY)8.35
Fwd EY4.88%
FCF(TTM)10.03
FCFY5.87%
OCF(TTM)15.67
OCFY9.17%
SpS77.06
BVpS19.33
TBVpS-33.57
PEG (NY)1.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.04% | ||
| ROE | 31.84% | ||
| ROCE | 10.79% | ||
| ROIC | 7.97% | ||
| ROICexc | 8.57% | ||
| ROICexgc | 16.01% | ||
| OM | 17.15% | ||
| PM (TTM) | 7.99% | ||
| GM | 42.61% | ||
| FCFM | 13.02% |
ROA(3y)4.69%
ROA(5y)3.6%
ROE(3y)26.71%
ROE(5y)19.13%
ROIC(3y)8%
ROIC(5y)6.38%
ROICexc(3y)9.28%
ROICexc(5y)7.46%
ROICexgc(3y)17.98%
ROICexgc(5y)14.59%
ROCE(3y)10.84%
ROCE(5y)8.64%
ROICexcg growth 3Y15.03%
ROICexcg growth 5Y-4.88%
ROICexc growth 3Y19.4%
ROICexc growth 5Y-2.28%
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%
F-Score6
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 7.4 | ||
| Debt/EBITDA | 3.53 | ||
| Cap/Depr | 76.38% | ||
| Cap/Sales | 7.32% | ||
| Interest Coverage | 3.38 | ||
| Cash Conversion | 76.08% | ||
| Profit Quality | 163.01% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 1.75 |
F-Score6
WACC7.73%
ROIC/WACC1.03
Cap/Depr(3y)90.02%
Cap/Depr(5y)76.93%
Cap/Sales(3y)8.62%
Cap/Sales(5y)8.13%
Profit Quality(3y)144.31%
Profit Quality(5y)195.81%
High Growth Momentum
Growth
EPS 1Y (TTM)11.69%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%-0.22%
EPS Next Y27.05%
EPS Next 2Y17.65%
EPS Next 3Y14.18%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.15%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%0.65%
Revenue Next Year4.6%
Revenue Next 2Y4.47%
Revenue Next 3Y4.1%
Revenue Next 5YN/A
EBIT growth 1Y-4.15%
EBIT growth 3Y21.66%
EBIT growth 5Y1.08%
EBIT Next Year70.08%
EBIT Next 3Y22.75%
EBIT Next 5YN/A
FCF growth 1Y15.67%
FCF growth 3Y-2.9%
FCF growth 5Y-3.21%
OCF growth 1Y-8.26%
OCF growth 3Y3.76%
OCF growth 5Y-1.54%