VAIL RESORTS INC (MTN)
US91879Q1094 - Common Stock
MTN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 134 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of MTN while its profitability can be described as average. MTN is quite expensive at the moment. It does show a decent growth rate. MTN also has an excellent dividend rating.
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's Return On Assets of 4.04% is fine compared to the rest of the industry. MTN outperforms 62.69% of its industry peers.
With an excellent Return On Equity value of 31.84%, MTN belongs to the best of the industry, outperforming 86.57% of the companies in the same industry.
MTN has a better Return On Invested Capital (7.97%) than 65.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MTN is below the industry average of 10.50%.
| 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 has a better Profit Margin (7.99%) than 69.40% of its industry peers.
In the last couple of years the Profit Margin of MTN has declined.
The Operating Margin of MTN (17.15%) is better than 73.13% of its industry peers.
MTN's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 42.61%, MTN is not doing good in the industry: 61.19% of the companies in the same industry are doing better.
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
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
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
MTN has an Altman-Z score of 1.77. This is a bad value and indicates that MTN is not financially healthy and even has some risk of bankruptcy.
MTN has a Altman-Z score of 1.77. This is comparable to the rest of the industry: MTN outperforms 52.99% of its industry peers.
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.
With a decent Debt to FCF ratio value of 7.40, MTN is doing good in the industry, outperforming 66.42% of the companies in the same industry.
MTN has a Debt/Equity ratio of 3.76. This is a high value indicating a heavy dependency on external financing.
MTN has a Debt to Equity ratio of 3.76. This is comparable to the rest of the industry: MTN outperforms 44.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 7.4 | ||
| Altman-Z | 1.77 |
ROIC/WACC1.03
WACC7.72%
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.
The Current ratio of MTN (0.82) is comparable to the rest of the industry.
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 in line with its industry, outperforming 41.04% of the companies in the same 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.
MTN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.88% yearly.
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
MTN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.18% yearly.
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
With a Price/Earnings ratio of 30.62, MTN can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of MTN is on the same level as its industry peers.
MTN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
MTN is valuated rather expensively with a Price/Forward Earnings ratio of 22.08.
MTN's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, MTN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.62 | ||
| Fwd PE | 22.08 |
4.2 Price Multiples
MTN's Enterprise Value to EBITDA is on the same level as the industry average.
MTN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MTN is cheaper than 78.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.37 | ||
| EV/EBITDA | 12.13 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as MTN's earnings are expected to grow with 14.18% in the coming years.
PEG (NY)1.13
PEG (5Y)N/A
EPS Next 2Y17.65%
EPS Next 3Y14.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.89%, MTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.89, MTN pays a better dividend. On top of this MTN pays more dividend than 94.03% of the companies listed in the same industry.
MTN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
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
MTN pays out 140.48% of its income as dividend. 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 (12/20/2024, 8:25:59 PM)
After market: 185.57 +1.25 (+0.68%)184.32
+2.59 (+1.43%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners103.74%
Inst Owner Change-0.93%
Ins Owners1.16%
Ins Owner Change2.99%
Market Cap6.90B
Analysts68.24
Price Target201.13 (9.12%)
Short Float %5.41%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
Dividend Growth(5Y)5.81%
DP140.48%
Div Incr Years2
Div Non Decr Years3
Ex-Date
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)-0.61%
PT rev (3m)-5.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.2%
EPS NY rev (1m)4.02%
EPS NY rev (3m)-11.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.17%
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)-0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.62 | ||
| Fwd PE | 22.08 | ||
| P/S | 2.39 | ||
| P/FCF | 18.37 | ||
| P/OCF | 11.76 | ||
| P/B | 9.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.13 |
EPS(TTM)6.02
EY3.27%
EPS(NY)8.35
Fwd EY4.53%
FCF(TTM)10.03
FCFY5.44%
OCF(TTM)15.67
OCFY8.5%
SpS77.06
BVpS19.33
TBVpS-33.57
PEG (NY)1.13
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 | 1.77 |
F-Score6
WACC7.72%
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 Year66.91%
EBIT Next 3Y22.63%
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%