VAIL RESORTS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 198.3 USD | -0.35% |
|
-2.27% | -7.09% |
| Apr. 24 | Vail Resorts Plans $600 Million Senior Notes Offering | MT |
| Apr. 24 | Vail Resorts Announces Commencement of Senior Notes Offering | CI |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,924 | 7,715 | 12,300 | 9,552 | 9,079 | 7,530 | - | - |
| Enterprise Value (EV) 1 | 11,391 | 9,775 | 13,907 | 11,179 | 11,336 | 9,808 | 9,873 | 9,740 |
| P/E ratio | 33.7 x | 79.4 x | 97.5 x | 27.7 x | 34.9 x | 25.4 x | 20.3 x | 17.5 x |
| Yield | 2.62% | 2.75% | - | 2.35% | 3.37% | 4.3% | 4.59% | 5.01% |
| Capitalization / Revenue | 4.37 x | 3.93 x | 6.44 x | 3.78 x | 3.14 x | 2.57 x | 2.41 x | 2.31 x |
| EV / Revenue | 5.01 x | 4.98 x | 7.28 x | 4.43 x | 3.92 x | 3.34 x | 3.16 x | 2.99 x |
| EV / EBITDA | 16.2 x | 19.6 x | 25.7 x | 13.4 x | 13.6 x | 11.4 x | 10.3 x | 9.52 x |
| EV / FCF | 25.8 x | 43.9 x | 33.9 x | 21.6 x | 34.9 x | 19.5 x | 16.5 x | 16 x |
| FCF Yield | 3.88% | 2.28% | 2.95% | 4.63% | 2.86% | 5.12% | 6.05% | 6.24% |
| Price to Book | 6.59 x | 5.04 x | 7.74 x | 5.92 x | 6.73 x | 6.12 x | 5.94 x | 4.67 x |
| Nbr of stocks (in thousands) | 40,256 | 40,177 | 40,302 | 40,282 | 38,554 | 37,968 | - | - |
| Reference price 2 | 246.5 | 192.0 | 305.2 | 237.1 | 235.5 | 198.3 | 198.3 | 198.3 |
| Announcement Date | 9/26/19 | 9/24/20 | 9/23/21 | 9/28/22 | 9/28/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Julio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,272 | 1,964 | 1,910 | 2,526 | 2,889 | 2,935 | 3,122 | 3,257 |
| EBITDA 1 | 702.4 | 499.2 | 540.1 | 833 | 833.1 | 858.7 | 961.5 | 1,023 |
| EBIT 1 | 476.3 | 223.4 | 261 | 601.7 | 505.1 | 580.1 | 670.7 | 733.6 |
| Operating Margin | 20.97% | 11.38% | 13.67% | 23.82% | 17.48% | 19.76% | 21.48% | 22.52% |
| Earnings before Tax (EBT) 1 | 399 | 116.4 | 125.2 | 457.2 | 373.5 | 423.7 | 520.4 | 535.5 |
| Net income 1 | 301.2 | 98.83 | 127.8 | 347.9 | 268.1 | 293.8 | 366.6 | 430.3 |
| Net margin | 13.26% | 5.03% | 6.69% | 13.77% | 9.28% | 10.01% | 11.74% | 13.21% |
| EPS 2 | 7.320 | 2.420 | 3.130 | 8.550 | 6.740 | 7.815 | 9.773 | 11.35 |
| Free Cash Flow 1 | 442.2 | 222.6 | 410.2 | 517.7 | 324.7 | 502.2 | 597.2 | 607.7 |
| FCF margin | 19.47% | 11.34% | 21.48% | 20.49% | 11.24% | 17.11% | 19.13% | 18.66% |
| FCF Conversion (EBITDA) | 62.96% | 44.59% | 75.94% | 62.15% | 38.97% | 58.48% | 62.12% | 59.37% |
| FCF Conversion (Net income) | 146.83% | 225.24% | 320.81% | 148.79% | 121.07% | 170.91% | 162.91% | 141.23% |
| Dividend per Share 2 | 6.460 | 5.280 | - | 5.580 | 7.940 | 8.537 | 9.111 | 9.944 |
| Announcement Date | 9/26/19 | 9/24/20 | 9/23/21 | 9/28/22 | 9/28/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 175.6 | 906.5 | 1,177 | 267.1 | 279.4 | 1,102 | 1,238 | 269.8 | 258.6 | 1,078 | 1,307 | 286.7 | 280.1 | 1,161 | 1,375 |
| EBITDA 1 | -109.5 | 397.5 | 609.2 | -64.18 | -97.76 | 396.9 | 621.9 | -87.96 | -134.4 | 423.5 | 650.5 | -81.65 | -132.6 | 475.5 | 700.6 |
| EBIT 1 | -165.7 | 325.1 | 540.4 | -98.12 | -163.4 | 328 | 500.5 | -160.1 | -207.1 | 350.6 | 584.8 | -152.5 | -200.9 | 400.4 | 634.6 |
| Operating Margin | -94.36% | 35.87% | 45.92% | -36.73% | -58.46% | 29.77% | 40.42% | -59.35% | -80.08% | 32.52% | 44.74% | -53.18% | -71.7% | 34.5% | 46.15% |
| Earnings before Tax (EBT) 1 | -202.4 | 286 | 504.8 | -131.2 | -201.6 | 299.2 | 467.5 | -191.5 | -248.2 | 317.3 | 544.2 | -187 | -238.2 | 370.7 | 582.6 |
| Net income 1 | -139.3 | 223.4 | 372.6 | -108.7 | -137 | 208.7 | 325 | -128.6 | -175.5 | 219.3 | 377.9 | -130.6 | -165.5 | 256.8 | 412.8 |
| Net margin | -79.36% | 24.64% | 31.66% | -40.69% | -49.02% | 18.94% | 26.24% | -47.66% | -67.88% | 20.34% | 28.91% | -45.56% | -59.08% | 22.13% | 30.01% |
| EPS 2 | -3.440 | 5.470 | 9.160 | -2.700 | -3.400 | 5.160 | 8.180 | -3.350 | -4.600 | 5.760 | 10.08 | -3.480 | -4.374 | 6.906 | 10.80 |
| Dividend per Share 2 | 0.8800 | 0.8800 | 1.910 | 1.910 | 1.910 | 1.910 | 2.060 | 2.060 | 2.060 | 2.060 | 2.221 | 2.221 | 2.222 | 2.222 | 2.341 |
| Announcement Date | 12/9/21 | 3/14/22 | 6/9/22 | 9/28/22 | 12/8/22 | 3/9/23 | 6/8/23 | 9/28/23 | 12/7/23 | 3/11/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,467 | 2,060 | 1,606 | 1,627 | 2,257 | 2,277 | 2,343 | 2,210 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.089 x | 4.126 x | 2.974 x | 1.953 x | 2.709 x | 2.652 x | 2.437 x | 2.159 x |
| Free Cash Flow 1 | 442 | 223 | 410 | 518 | 325 | 502 | 597 | 608 |
| ROE (net income / shareholders' equity) | 19.5% | 6.07% | 8.78% | 20.4% | 20.5% | 25.8% | 28.7% | 27.6% |
| ROA (Net income/ Total Assets) | 7.09% | 2.04% | 2.22% | 5.22% | 4.37% | 6.1% | 7.6% | 7.86% |
| Assets 1 | 4,246 | 4,835 | 5,748 | 6,671 | 6,133 | 4,814 | 4,824 | 5,472 |
| Book Value Per Share 2 | 37.40 | 38.10 | 39.40 | 40.00 | 35.00 | 32.40 | 33.40 | 42.50 |
| Cash Flow per Share 2 | 15.40 | 9.670 | 12.90 | 17.50 | 16.10 | 19.80 | 21.80 | - |
| Capex 1 | 192 | 172 | 115 | 193 | 315 | 204 | 185 | 190 |
| Capex / Sales | 8.45% | 8.78% | 6.03% | 7.63% | 10.9% | 6.94% | 5.93% | 5.83% |
| Announcement Date | 9/26/19 | 9/24/20 | 9/23/21 | 9/28/22 | 9/28/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
198.3
USD
Average target price
241
USD
Spread / Average Target
+21.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.09% | 7.53B | |
| +21.88% | 87.43M |
- Stock Market
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- MTN Stock
- Financials Vail Resorts, Inc.
