VAIL RESORTS INC (MTN)
US91879Q1094 - Common Stock
Taking everything into account, MTN scores 4 out of 10 in our fundamental rating. MTN was compared to 135 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 expensive valuation and it also scores bad on growth. MTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MTN had positive earnings in the past year.
MTN had a positive operating cash flow in the past year.
MTN had positive earnings in each of the past 5 years.
In the past 5 years MTN always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.04%, MTN is doing good in the industry, outperforming 63.43% of the companies in the same industry.
MTN has a Return On Equity of 31.84%. This is amongst the best in the industry. MTN outperforms 87.31% of its industry peers.
With a decent Return On Invested Capital value of 7.97%, MTN is doing good in the industry, outperforming 63.43% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MTN is below the industry average of 10.46%.
| 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
The Profit Margin of MTN (7.99%) is better than 71.64% 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 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: 60.45% of the companies in the same industry are doing better.
MTN's Gross Margin has been stable in the last couple of years.
| 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
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.
Compared to 5 years ago, MTN has less shares outstanding
Compared to 1 year ago, MTN has a worse debt to assets ratio.
2.2 Solvency
MTN has an Altman-Z score of 1.74. 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 1.74, MTN is in line with its industry, outperforming 52.99% of the companies in the same industry.
MTN has a debt to FCF ratio of 7.40. This is a slightly negative value and a sign of low solvency as MTN would need 7.40 years to pay back of 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 69.40% 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.
MTN has a Debt to Equity ratio (3.76) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 7.4 | ||
| Altman-Z | 1.74 |
ROIC/WACC1.03
WACC7.73%
2.3 Liquidity
A Current Ratio of 0.82 indicates that MTN may have some problems paying its short term obligations.
MTN has a Current ratio (0.82) which is in line with its industry peers.
A Quick Ratio of 0.71 indicates that MTN may have some problems paying its short term obligations.
MTN has a Quick ratio (0.71) which 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 slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.50%.
The Earnings Per Share has been decreasing by -3.88% on average over the past years.
The Revenue has decreased by -0.14% in the past 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)-8.5%
EPS 3Y25.78%
EPS 5Y-3.88%
EPS Q2Q%-39.4%
Revenue 1Y (TTM)-0.14%
Revenue growth 3Y14.75%
Revenue growth 5Y4.9%
Sales Q2Q%-1.62%
3.2 Future
Based on estimates for the next years, MTN will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.44% on average per year.
Based on estimates for the next years, MTN will show a small growth in Revenue. The Revenue will grow by 4.14% on average per year.
EPS Next Y22.14%
EPS Next 2Y18.56%
EPS Next 3Y13.44%
EPS Next 5YN/A
Revenue Next Year4.19%
Revenue Next 2Y4.02%
Revenue Next 3Y4.14%
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 30.04 indicates a quite expensive valuation of MTN.
MTN's Price/Earnings ratio is in line with the industry average.
MTN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.96.
A Price/Forward Earnings ratio of 24.60 indicates a rather expensive valuation of MTN.
MTN's Price/Forward Earnings is on the same level as the industry average.
MTN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.04 | ||
| Fwd PE | 24.6 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MTN.
Based on the Price/Free Cash Flow ratio, MTN is valued a bit cheaper than 79.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.07 | ||
| EV/EBITDA | 11.77 |
4.3 Compensation for Growth
MTN's 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 13.44% in the coming years.
PEG (NY)1.36
PEG (5Y)N/A
EPS Next 2Y18.56%
EPS Next 3Y13.44%
5. Dividend
5.1 Amount
MTN has a Yearly Dividend Yield of 4.98%, which is a nice return.
Compared to an average industry Dividend Yield of 2.83, MTN pays a better dividend. On top of this MTN pays more dividend than 94.03% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, MTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.98% |
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
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 2Y18.56%
EPS Next 3Y13.44%
VAIL RESORTS INC
NYSE:MTN (11/21/2024, 8:04:00 PM)
After market: 181.17 0 (0%)181.17
+4.4 (+2.49%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.79B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.98% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.04 | ||
| Fwd PE | 24.6 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.36
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.04% | ||
| ROE | 31.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.15% | ||
| PM (TTM) | 7.99% | ||
| GM | 42.61% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-8.5%
EPS 3Y25.78%
EPS 5Y
EPS Q2Q%
EPS Next Y22.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.14%
Revenue growth 3Y14.75%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y