VAIL RESORTS INC (MTN) Stock Fundamental Analysis
USA - NYSE:MTN - US91879Q1094 - Common Stock
148.87 USD
+1.86 (+1.27%)
148.87 USD
0 (0%)
Overall MTN gets a fundamental rating of 5 out of 10. We evaluated MTN against 133 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 has a decent growth rate and is not valued too expensively. Finally MTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year MTN was profitable.
MTN had a positive operating cash flow in the past year.
Each year in the past 5 years MTN has been profitable.
MTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.03%, MTN is doing good in the industry, outperforming 68.42% of the companies in the same industry.
With an excellent Return On Equity value of 32.40%, MTN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.72%, MTN is doing good in the industry, outperforming 72.18% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MTN is significantly below the industry average of 15.68%.
The last Return On Invested Capital (9.72%) for MTN is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 32.4% | ||
| ROIC | 9.72% |
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 (9.81%) than 75.94% of its industry peers.
In the last couple of years the Profit Margin of MTN has declined.
Looking at the Operating Margin, with a value of 18.38%, MTN is in the better half of the industry, outperforming 76.69% of the companies in the same industry.
MTN's Operating Margin has declined in the last couple of years.
MTN has a Gross Margin of 42.81%. This is comparable to the rest of the industry: MTN outperforms 41.35% 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 | 18.38% | ||
| PM (TTM) | 9.81% | ||
| GM | 42.81% |
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
MTN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
MTN has less shares outstanding than it did 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
MTN has an Altman-Z score of 1.61. 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 1.61, MTN is in line with its industry, outperforming 47.37% of the companies in the same industry.
The Debt to FCF ratio of MTN is 6.80, which is on the high side as it means it would take MTN, 6.80 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.80, MTN is doing good in the industry, outperforming 71.43% of the companies in the same industry.
A Debt/Equity ratio of 2.35 is on the high side and indicates that MTN has dependencies on debt financing.
MTN has a Debt to Equity ratio (2.35) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.35 | ||
| Debt/FCF | 6.8 | ||
| Altman-Z | 1.61 |
ROIC/WACC1.16
WACC8.4%
2.3 Liquidity
A Current Ratio of 0.61 indicates that MTN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.61, MTN is doing worse than 67.67% of the companies in the same industry.
A Quick Ratio of 0.54 indicates that MTN may have some problems paying its short term obligations.
MTN's Quick ratio of 0.54 is on the low side compared to the rest of the industry. MTN is outperformed by 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.39% over the past year.
MTN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.88% yearly.
Looking at the last year, MTN shows a small growth in Revenue. The Revenue has grown by 2.38% in the last 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)6.39%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%10.48%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%0.96%
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 11.85% yearly.
MTN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.25% yearly.
EPS Next Y29.01%
EPS Next 2Y13.63%
EPS Next 3Y11.85%
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y3.33%
Revenue Next 3Y3.25%
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.
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
MTN is valuated rather expensively with a Price/Earnings ratio of 19.04.
69.92% of the companies in the same industry are more expensive than MTN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.20, MTN is valued a bit cheaper.
A Price/Forward Earnings ratio of 19.12 indicates a rather expensive valuation of MTN.
63.91% of the companies in the same industry are more expensive than MTN, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MTN to the average of the S&P500 Index (22.71), we can say MTN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.04 | ||
| Fwd PE | 19.12 |
4.2 Price Multiples
MTN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MTN is cheaper than 72.93% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MTN indicates a rather cheap valuation: MTN is cheaper than 86.47% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.94 | ||
| EV/EBITDA | 9.21 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y13.63%
EPS Next 3Y11.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.03%, MTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.93, MTN pays a better dividend. On top of this MTN pays more dividend than 95.49% 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.03% |
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 Years3
Div Non Decr Years4
5.3 Sustainability
MTN pays out 114.33% of its income as dividend. This is not a sustainable payout ratio.
MTN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP114.33%
EPS Next 2Y13.63%
EPS Next 3Y11.85%
148.87
+1.86 (+1.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners103.86%
Inst Owner Change5.87%
Ins Owners1.06%
Ins Owner Change0.19%
Market Cap5.53B
Analysts69.41
Price Target184.19 (23.73%)
Short Float %11.26%
Short Ratio7.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.03% |
Yearly Dividend8.55
Dividend Growth(5Y)5.81%
DP114.33%
Div Incr Years3
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.78%
Min EPS beat(2)2.92%
Max EPS beat(2)4.65%
EPS beat(4)3
Avg EPS beat(4)1.77%
Min EPS beat(4)-9.05%
Max EPS beat(4)8.57%
EPS beat(8)3
Avg EPS beat(8)-0.61%
EPS beat(12)5
Avg EPS beat(12)-1.54%
EPS beat(16)8
Avg EPS beat(16)-0.97%
Revenue beat(2)0
Avg Revenue beat(2)-1.41%
Min Revenue beat(2)-1.7%
Max Revenue beat(2)-1.13%
Revenue beat(4)1
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.7%
Max Revenue beat(4)1.46%
Revenue beat(8)1
Avg Revenue beat(8)-2.85%
Revenue beat(12)4
Avg Revenue beat(12)-1.21%
Revenue beat(16)6
Avg Revenue beat(16)-0.72%
PT rev (1m)0%
PT rev (3m)-1.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.17%
EPS NY rev (1m)-0.33%
EPS NY rev (3m)1.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.04 | ||
| Fwd PE | 19.12 | ||
| P/S | 1.87 | ||
| P/FCF | 13.94 | ||
| P/OCF | 8.75 | ||
| P/B | 6.18 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.21 |
EPS(TTM)7.82
EY5.25%
EPS(NY)7.79
Fwd EY5.23%
FCF(TTM)10.68
FCFY7.18%
OCF(TTM)17.02
OCFY11.43%
SpS79.64
BVpS24.1
TBVpS-29.17
PEG (NY)0.66
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.03% | ||
| ROE | 32.4% | ||
| ROCE | 13.16% | ||
| ROIC | 9.72% | ||
| ROICexc | 10.96% | ||
| ROICexgc | 23.84% | ||
| OM | 18.38% | ||
| PM (TTM) | 9.81% | ||
| GM | 42.81% | ||
| FCFM | 13.41% |
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-Score7
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.35 | ||
| Debt/FCF | 6.8 | ||
| Debt/EBITDA | 2.52 | ||
| Cap/Depr | 80.81% | ||
| Cap/Sales | 7.95% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.72% | ||
| Profit Quality | 136.81% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 1.61 |
F-Score7
WACC8.4%
ROIC/WACC1.16
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)6.39%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%10.48%
EPS Next Y29.01%
EPS Next 2Y13.63%
EPS Next 3Y11.85%
EPS Next 5YN/A
Revenue 1Y (TTM)2.38%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%0.96%
Revenue Next Year2.78%
Revenue Next 2Y3.33%
Revenue Next 3Y3.25%
Revenue Next 5YN/A
EBIT growth 1Y2.93%
EBIT growth 3Y21.66%
EBIT growth 5Y1.08%
EBIT Next Year68.45%
EBIT Next 3Y21.99%
EBIT Next 5YN/A
FCF growth 1Y6.65%
FCF growth 3Y-2.9%
FCF growth 5Y-3.21%
OCF growth 1Y-4.85%
OCF growth 3Y3.76%
OCF growth 5Y-1.54%