(TNL) Travel + Leisure - Overview

Sector: Consumer Cyclical | Industry: Travel Services | Exchange: NYSE (USA) | Market Cap: 4.425m USD | Total Return: 90.9% in 12m

Vacation Ownership, Travel Exchange, Memberships, Hospitality
Total Rating 57
Safety 62
Buy Signal 0.67
Travel Services
Industry Rotation: +11.3
Market Cap: 4.43B
Avg Turnover: 42.3M USD
ATR: 3.49%
Peers RS (IBD): 80.4
Risk 5d forecast
Volatility33.2%
Rel. Tail Risk-13.8%
Reward TTM
Sharpe Ratio1.78
Alpha51.55
Character TTM
Beta1.375
Beta Downside2.007
Drawdowns 3y
Max DD32.18%
CAGR/Max DD0.93
EPS (Earnings per Share) EPS (Earnings per Share) of TNL over the last years for every Quarter: "2021-03": 0.39, "2021-06": 0.88, "2021-09": 1.19, "2021-12": 1.19, "2022-03": 0.69, "2022-06": 1.27, "2022-09": 1.28, "2022-12": 1.3, "2023-03": 0.89, "2023-06": 1.33, "2023-09": 1.54, "2023-12": 1.98, "2024-03": 0.97, "2024-06": 1.52, "2024-09": 1.57, "2024-12": 1.72, "2025-03": 1.11, "2025-06": 1.65, "2025-09": 1.8, "2025-12": 1.83, "2026-03": 0,
EPS CAGR: -45.76%
EPS Trend: -11.4%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of TNL over the last years for every Quarter: 2021-03: 628, 2021-06: 797, 2021-09: 839, 2021-12: 870, 2022-03: 809, 2022-06: 922, 2022-09: 937, 2022-12: 899, 2023-03: 879, 2023-06: 949, 2023-09: 986, 2023-12: 936, 2024-03: 916, 2024-06: 985, 2024-09: 993, 2024-12: 971, 2025-03: 934, 2025-06: 1018, 2025-09: 1044, 2025-12: 1026, 2026-03: null,
Rev. CAGR: 6.54%
Rev. Trend: 79.4%
Last SUE: 2.47
Qual. Beats: 3

Warnings

High Debt/EBITDA (6.7) with thin interest coverage (1.6)

Tailwinds

No distinct edge detected

Description: TNL Travel + Leisure

Travel + Leisure Co. (TNL) operates in the hospitality and travel sector, offering vacation ownership and travel services globally. The companys business model centers on selling vacation ownership interests (VOIs), a form of timeshare, and providing related property management and consumer financing.

The Vacation Ownership segment includes brands like Club Wyndham and Margaritaville Vacation Club. This segments revenue is primarily derived from the sale of VOIs and ongoing management fees. The Travel and Membership segment offers vacation exchange programs, travel technology, and direct-to-consumer rentals, leveraging a subscription-based model for some services.

TNL also provides private-label travel club solutions for businesses. The company, founded in 1990, rebranded from Wyndham Destinations in 2021. For a deeper dive into TNLs financial performance and market position, consider exploring analytics platforms like ValueRay.

Headlines to Watch Out For
  • Vacation ownership sales drive revenue growth
  • Interest rate hikes impact consumer financing demand
  • Travel demand fluctuations affect membership and exchange services
  • Regulatory changes in timeshare industry pose risk
Piotroski VR‑10 (Strict) 7.0
Net Income: 231.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 6.41 > 1.0
NWC/Revenue: 14.94% < 20% (prev 93.35%; Δ -78.41% < -1%)
CFO/TA 0.15 > 3% & CFO 993.0m > Net Income 231.0m
Net Debt (4.66b) to EBITDA (693.0m): 6.72 < 3
Current Ratio: 1.64 > 1.5 & < 3
Outstanding Shares: last quarter (64.1m) vs 12m ago -7.37% < -2%
Gross Margin: 41.32% > 18% (prev 0.49%; Δ 4.08k% > 0.5%)
Asset Turnover: 59.61% > 50% (prev 57.39%; Δ 2.22% > 0%)
Interest Coverage Ratio: 1.55 > 6 (EBITDA TTM 693.0m / Interest Expense TTM 367.0m)
Altman Z'' 2.63
A: 0.09 (Total Current Assets 1.55b - Total Current Liabilities 945.0m) / Total Assets 6.76b
B: 0.36 (Retained Earnings 2.41b / Total Assets 6.76b)
C: 0.08 (EBIT TTM 569.0m / Avg Total Assets 6.75b)
D: 0.30 (Book Value of Equity 2.35b / Total Liabilities 7.74b)
Altman-Z'' Score: 2.63 = A
Beneish M -2.22
DSRI: 0.05 (Receivables 165.0m/2.95b, Revenue 4.02b/3.87b)
GMI: 1.19 (GM 41.32% / 48.98%)
AQI: 3.53 (AQ_t 0.69 / AQ_t-1 0.20)
SGI: 1.04 (Revenue 4.02b / 3.87b)
TATA: -0.11 (NI 231.0m - CFO 993.0m) / TA 6.76b)
Beneish M-Score: -2.22 (Cap -4..+1) = BBB
What is the price of TNL shares? As of April 11, 2026, the stock is trading at USD 75.82 with a total of 505,387 shares traded.
Over the past week, the price has changed by +5.97%, over one month by +7.53%, over three months by +2.66% and over the past year by +90.87%.
Is TNL a buy, sell or hold? Travel + Leisure has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy TNL.
  • StrongBuy: 6
  • Buy: 3
  • Hold: 2
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the TNL price?
Analysts Target Price 87.2 15%
Travel + Leisure (TNL) - Fundamental Data Overview as of 09 April 2026
P/E Trailing = 20.6163
P/E Forward = 9.8232
P/S = 1.1005
P/B = 7.1088
P/EG = 0.5346
Revenue TTM = 4.02b USD
EBIT TTM = 569.0m USD
EBITDA TTM = 693.0m USD
Long Term Debt = 5.58b USD (from longTermDebt, last quarter)
Short Term Debt = 945.0m USD (from shortTermDebt, last quarter)
Debt = 6.53b USD (corrected: LT Debt 5.58b + ST Debt 945.0m)
Net Debt = 4.66b USD (from netDebt column, last quarter)
Enterprise Value = 10.70b USD (4.43b + Debt 6.53b - CCE 253.0m)
Interest Coverage Ratio = 1.55 (Ebit TTM 569.0m / Interest Expense TTM 367.0m)
EV/FCF = 13.08x (Enterprise Value 10.70b / FCF TTM 818.0m)
FCF Yield = 7.65% (FCF TTM 818.0m / Enterprise Value 10.70b)
FCF Margin = 20.34% (FCF TTM 818.0m / Revenue TTM 4.02b)
Net Margin = 5.74% (Net Income TTM 231.0m / Revenue TTM 4.02b)
Gross Margin = 41.32% ((Revenue TTM 4.02b - Cost of Revenue TTM 2.36b) / Revenue TTM)
Gross Margin QoQ = 14.42% (prev 55.17%)
Tobins Q-Ratio = 1.58 (Enterprise Value 10.70b / Total Assets 6.76b)
Interest Expense / Debt = 2.96% (Interest Expense 193.0m / Debt 6.53b)
Taxrate = 31.75% (107.0m / 337.0m)
NOPAT = 388.3m (EBIT 569.0m * (1 - 31.75%))
Current Ratio = 1.64 (Total Current Assets 1.55b / Total Current Liabilities 945.0m)
 Debt / Equity = -6.64 (negative equity) (Debt 6.53b / totalStockholderEquity, last quarter -982.0m)
 Debt / EBITDA = 6.72 (Net Debt 4.66b / EBITDA 693.0m)
Debt / FCF = 5.69 (Net Debt 4.66b / FCF TTM 818.0m)
Total Stockholder Equity = -889.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.42% (Net Income 231.0m / Total Assets 6.76b)
 RoE = -25.97% (negative equity) (Net Income TTM 231.0m / Total Stockholder Equity -889.5m)
 RoCE = 12.13% (EBIT 569.0m / Capital Employed (Equity -889.5m + L.T.Debt 5.58b))
RoIC = 8.27% (NOPAT 388.3m / Invested Capital 4.70b)
WACC = 5.58% (E(4.43b)/V(10.95b) * Re(10.82%) + D(6.53b)/V(10.95b) * Rd(2.96%) * (1-Tc(0.32)))
Discount Rate = 10.82% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.10%
[DCF] Terminal Value 88.44% ; FCFF base≈644.0m ; Y1≈794.5m ; Y5≈1.36b
[DCF] Fair Price = 555.6 (EV 39.32b - Net Debt 4.66b = Equity 34.67b / Shares 62.4m; r=6.0% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -11.37 | EPS CAGR: -45.76% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.43 | Revenue CAGR: 6.54% | SUE: 2.47 | # QB: 3
EPS next Quarter (2026-06-30): EPS=1.93 | Chg7d=+0.017 | Chg30d=-0.031 | Revisions Net=-1 | Analysts=11
EPS current Year (2026-12-31): EPS=7.37 | Chg7d=+0.110 | Chg30d=+0.062 | Revisions Net=+3 | Growth EPS=+16.3% | Growth Revenue=+2.3%
EPS next Year (2027-12-31): EPS=8.50 | Chg7d=+0.015 | Chg30d=+0.145 | Revisions Net=+1 | Growth EPS=+15.4% | Growth Revenue=+3.5%
[Analyst] Revisions Ratio: -0.14 (3 Up / 4 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.0% (Discount Rate 10.8% - Earnings Yield 4.9%)
[Growth] Growth Spread = -2.6% (Analyst 3.4% - Implied 6.0%)
External Resources
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