(MTN) Vail Resorts - NYSE
Sector: Consumer Cyclical | Industry: Resorts & Casinos | Exchange: NYSE (USA) | Market Cap: 4.824m USD | Total Return: -7.7% in 12m
Avg Turnover: 81.8M
EPS Trend: 19.6%
Qual. Beats: 0
Rev. Trend: 76.9%
Qual. Beats: -1
Warnings
Altman Z'' 0.76 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Vail Resorts, Inc. (MTN) is a diversified hospitality and leisure company operating through three primary segments: Mountain, Lodging, and Real Estate. The Mountain segment manages a global portfolio of destination resorts and regional ski areas, generating revenue through lift tickets, ski schools, dining, and retail rentals. The Lodging segment oversees luxury hotels and condominiums under the RockResorts brand, while the Real Estate segment focuses on the development and sale of properties located near its resort locations.
The company utilizes a subscription-based revenue model through its Epic Pass program, which aims to lock in skier visits and stabilize cash flow against variable weather conditions. As a leader in the Leisure Facilities sub-industry, Vail Resorts relies on geographic diversification to mitigate regional climate risks. Investors can review more granular performance metrics and valuation models on ValueRay. Founded in 1962 and headquartered in Broomfield, Colorado, the firm maintains a significant footprint in both the North American and international alpine markets.
- Advance season pass sales volume dictates annual revenue stability and cash flow
- Variable weather patterns and snowfall totals impact lift ticket and ancillary sales
- Rising labor costs and seasonal staffing shortages pressure mountain segment operating margins
- Strategic acquisitions of regional ski areas drive geographic diversification and Epic Pass value
- Consumer discretionary spending levels influence high-margin lodging and ski school performance
| Net Income: 230.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.07 > 1.0 |
| NWC/Revenue: -17.14% < 20% (prev -31.98%; Δ 14.85% < -1%) |
| CFO/TA 0.09 > 3% & CFO 522.0m > Net Income 230.5m |
| Net Debt (3.04b) to EBITDA (1.08b): 2.82 < 3 |
| Current Ratio: 0.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.9m) vs 12m ago -3.94% < -2% |
| Gross Margin: 59.08% > 18% (prev 42.81%; Δ 16.27% > 0.5%) |
| Asset Turnover: 52.50% > 50% (prev 53.26%; Δ -0.77% > 0%) |
| Interest Coverage Ratio: 4.16 > 6 (EBIT TTM 781.7m / Interest Expense TTM 187.9m) |
| A: -0.09 (Total Current Assets 822.7m - Total Current Liabilities 1.32b) / Total Assets 5.60b |
| B: 0.10 (Retained Earnings 583.0m / Total Assets 5.60b) |
| C: 0.14 (EBIT TTM 781.7m / Avg Total Assets 5.57b) |
| D: 0.06 (Book Value of Equity 301.8m / Total Liabilities 4.96b) |
| Altman-Z'' = 0.76 = B |
| DSRI: 1.31 (Receivables 160.0m/123.6m, Revenue 2.92b/2.95b) |
| GMI: 0.72 (GM 42.81% / 59.08%) |
| AQI: 1.02 (AQ_t 0.38 / AQ_t-1 0.37) |
| SGI: 0.99 (Revenue 2.92b / 2.95b) |
| TATA: -0.05 (NI 230.5m - CFO 522.0m) / TA 5.60b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of June 13, 2026, the stock is trading at USD 133.31 with a total of 526,285 shares traded.
Over the past week, the price has changed by -1.52%,
over one month by +7.38%,
over three months by +0.21% and
over the past year by -7.68%.
Vail Resorts has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold MTN.
- StrongBuy: 3
- Buy: 1
- Hold: 7
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 154.4 | 15.8% |
P/E Trailing = 21.5557
P/E Forward = 19.8413
P/S = 1.6509
P/B = 15.9821
P/EG = 3.3335
Revenue TTM = 2.92b USD
EBIT TTM = 781.7m USD
EBITDA TTM = 1.08b USD
Long Term Debt = 2.86b USD (from longTermDebt, last quarter)
Short Term Debt = 109.6m USD (from shortTermDebt, last quarter)
Debt = 3.43b USD (from shortLongTermDebtTotal, last quarter) + Leases 248.5m
Net Debt = 3.04b USD (calculated: Debt 3.43b - CCE 384.7m)
Enterprise Value = 7.87b USD (4.82b + Debt 3.43b - CCE 384.7m)
Interest Coverage Ratio = 4.16 (Ebit TTM 781.7m / Interest Expense TTM 187.9m)
EV/FCF = 27.48x (Enterprise Value 7.87b / FCF TTM 286.3m)
FCF Yield = 3.64% (FCF TTM 286.3m / Enterprise Value 7.87b)
FCF Margin = 9.80% (FCF TTM 286.3m / Revenue TTM 2.92b)
Net Margin = 7.89% (Net Income TTM 230.5m / Revenue TTM 2.92b)
Gross Margin = 59.08% ((Revenue TTM 2.92b - Cost of Revenue TTM 1.20b) / Revenue TTM)
Gross Margin QoQ = 94.60% (prev -11.77%)
Tobins Q-Ratio = 1.40 (Enterprise Value 7.87b / Total Assets 5.60b)
Interest Expense / Debt = 5.48% (Interest Expense 187.9m / Debt 3.43b)
Taxrate = 30.65% (103.8m / 338.8m)
NOPAT = 542.1m (EBIT 781.7m * (1 - 30.65%))
Current Ratio = 0.62 (Total Current Assets 822.7m / Total Current Liabilities 1.32b)
Debt / Equity = 11.36 (Debt 3.43b / totalStockholderEquity, last quarter 301.8m)
Debt / EBITDA = 2.82 (Net Debt 3.04b / EBITDA 1.08b)
Debt / FCF = 10.63 (Net Debt 3.04b / FCF TTM 286.3m)
Total Stockholder Equity = 444.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.14% (Net Income 230.5m / Total Assets 5.60b)
RoE = 51.86% (Net Income TTM 230.5m / Total Stockholder Equity 444.5m)
RoCE = 23.67% (EBIT 781.7m / Capital Employed (Equity 444.5m + L.T.Debt 2.86b))
RoIC = 12.78% (NOPAT 542.1m / Invested Capital 4.24b)
WACC = 6.19% (E(4.82b)/V(8.25b) * Re(7.89%) + D(3.43b)/V(8.25b) * Rd(5.48%) * (1-Tc(0.31)))
Discount Rate = 7.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.88 | Cagr: -2.62%
[DCF] Terminal Value 73.10% ; FCFF base≈330.7m ; Y1≈290.0m ; Y5≈234.3m
[DCF] Fair Price = 20.15 (EV 3.76b - Net Debt 3.04b = Equity 718.1m / Shares 35.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 19.63 | EPS CAGR: 2.60% | SUE: -0.74 | # QB: 0
Revenue Correlation: 76.86 | Revenue CAGR: 1.24% | SUE: -0.94 | # QB: -1
EPS current Year (2026-07-31): EPS=4.77 | Chg30d=-0.38% | Revisions=-50% | GrowthEPS=-36.7% | GrowthRev=-3.9%
EPS next Year (2027-07-31): EPS=7.01 | Chg30d=-0.02% | Revisions=-50% | GrowthEPS=+47.1% | GrowthRev=+6.5%
[Analyst] Revisions Ratio: -50%