-2.63%
-3.37%
12.64%
2.59%
3.43%
-46.56%
-27.84%
AI Spotlight on VAC
Company Description
Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products.It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.
It also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.In addition, the company offers exchange networks and membership programs, as well as provision of management services to other resorts and lodging properties through various brands, including Interval International, Trading Places International, Vacation Resorts International, and Aqua-Aston.As of December 31, 2021, the company operated approximately 120 properties in the United States and thirteen other countries and territories.
The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations.Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.
Market Data
| Last Price | 86.77 |
| Change Percentage | -2.63% |
| Open | 89.13 |
| Previous Close | 89.11 |
| Market Cap ( Millions) | 3029 |
| Volume | 185192 |
| Year High | 108.57 |
| Year Low | 67.28 |
| M A 50 | 90.84 |
| M A 200 | 85.43 |
Financial Ratios
| FCF Yield | 1.88% |
| Dividend Yield | 3.54% |
| ROE | 8.50% |
| Debt / Equity | 218.52% |
| Net Debt / EBIDTA | 724.93% |
| Price To Book | 1.27 |
| Price Earnings Ratio | 15.13 |
| Price To FCF | 53.14 |
| Price To sales | 0.63 |
| EV / EBITDA | 11.56 |
News
- Jan -30 - Marriott Vacations Worldwide Corporation Announces Fourth Quarter Earnings Release and Conference Call
- Jan -29 - Marriott Vacations Worldwide Named Among World's Most Admired Companies
- Dec -09 - Marriott Vacations Rewards Investors With 4% Dividend Hike
- Dec -06 - Marriott Vacations Worldwide Corporation Announces Increased Quarterly Cash Dividend
- Nov -26 - US-based travel companies plan layoffs ahead of 2025
- Nov -13 - VAC vs. MTN: Which Stock Is the Better Value Option?
- Nov -08 - Marriott Vacations Worldwide Names Scott Weisz to its Executive Leadership Team as Head of Strategic Business Operations
- Nov -07 - Marriott Vacations Q3 Earnings Beat, '24 Adjusted EBITDA View Rises
- Nov -07 - Marriott Vacations Worldwide Corporation (VAC) Q3 2024 Earnings Call Transcript
- Nov -07 - Compared to Estimates, Marriott Vacations Worldwide (VAC) Q3 Earnings: A Look at Key Metrics
- Nov -06 - Marriott Vacations Worldwide (VAC) Q3 Earnings and Revenues Beat Estimates
- Sep -30 - Marriott Vacations Worldwide Completes $445 Million Term Securitization
- Sep -18 - Blue Diamond Resorts Joins Interval Exchange Network With Six World-Class All-Inclusive Properties
- Sep -09 - Here's Why Investors Should Retain Marriott Vacations Stock Now
- Aug -02 - Marriott Vacations Worldwide Corporation (VAC) Q2 2024 Earnings Call Transcript
- Aug -01 - Marriott Vacations (VAC) Q2 Earnings & Revenues Lag Estimates
- Aug -01 - Compared to Estimates, Marriott Vacations Worldwide (VAC) Q2 Earnings: A Look at Key Metrics
- Jul -31 - Marriott Vacations Worldwide (VAC) Q2 Earnings and Revenues Lag Estimates
- Jul -24 - Earnings Preview: Marriott Vacations Worldwide (VAC) Q2 Earnings Expected to Decline
- Jun -07 - Here's Why Investors Should Hold Marriott Vacations (VAC) for Now
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Vacation Ownership
Expected Growth : 8.4 %
What the company do ?
Marriott Vacations Worldwide Corporation's Vacation Ownership allows individuals to purchase the right to use a resort property for a set period, often in a timeshare arrangement.
Why we expect these perspectives ?
Marriott Vacations Worldwide Corporation's 8.4% growth in Vacation Ownership is driven by increasing demand for luxury vacation experiences, expansion into new markets, and strategic partnerships. Additionally, the company's points-based system and flexible ownership options appeal to a wider demographic, contributing to the segment's growth.
Segment n°2 -> Exchange & Third-Party Management
Expected Growth : 8.37 %
What the company do ?
Exchange & Third-Party Management from Marriott Vacations Worldwide Corporation manages timeshare exchange programs and partnerships with third-party providers, offering owners access to a global network of vacation options.
Why we expect these perspectives ?
Marriott Vacations Worldwide Corporation's 8.37% growth in Exchange & Third-Party Management is driven by increasing demand for vacation ownership and exchange services, strategic partnerships, and expansion into new markets. Additionally, the company's focus on digital transformation, customer experience, and loyalty programs has contributed to the segment's growth.
Segment n°3 -> Corporate and Other
Expected Growth : 8.4 %
What the company do ?
Corporate and Other from Marriott Vacations Worldwide Corporation refers to the company's corporate offices and other non-rental revenue generating activities.
Why we expect these perspectives ?
Marriott Vacations Worldwide Corporation's Corporate and Other segment growth of 8.4% is driven by increased licensing fees from Marriott International, higher management fees from existing contracts, and cost savings initiatives. Additionally, the company's focus on digital transformation and strategic investments in new technologies have contributed to the segment's growth.
Marriott Vacations Worldwide Corporation Products
| Product Range | What is it ? |
|---|---|
| Vacation Ownership | Marriott Vacations Worldwide Corporation offers a points-based vacation ownership program, allowing members to purchase and own a share of a resort property, providing access to a network of resorts and vacation experiences. |
| Exchange Programs | Marriott Vacations Worldwide Corporation offers exchange programs, enabling members to trade their points or weeks for stays at other participating resorts, hotels, and vacation experiences. |
| Rental Program | Marriott Vacations Worldwide Corporation offers a rental program, allowing non-members to rent villas and resort accommodations for short-term stays. |
| Resort Management Services | Marriott Vacations Worldwide Corporation provides resort management services, including operations, marketing, and sales support to resorts and vacation ownership properties. |
| Vacation Club | Marriott Vacations Worldwide Corporation offers a vacation club membership program, providing access to a network of resorts, hotels, and vacation experiences. |
Marriott Vacations Worldwide Corporation's Porter Forces
Threat Of Substitutes
Marriott Vacations Worldwide Corporation faces moderate threat from substitutes, as customers have alternative options for vacation ownership and exchange services. However, the company's strong brand reputation and loyalty programs help to mitigate this threat.
Bargaining Power Of Customers
Marriott Vacations Worldwide Corporation has a large customer base, but individual customers have limited bargaining power due to the company's diversified customer base and lack of concentration.
Bargaining Power Of Suppliers
Marriott Vacations Worldwide Corporation has a diverse supplier base, and no single supplier has significant bargaining power. The company's scale and negotiating power also help to mitigate supplier bargaining power.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the vacation ownership and exchange industry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The vacation ownership and exchange industry is highly competitive, with several established players competing for market share. Marriott Vacations Worldwide Corporation faces intense rivalry from companies like Wyndham Destinations and Hilton Grand Vacations.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 66.18% |
| Debt Cost | 4.36% |
| Equity Weight | 33.82% |
| Equity Cost | 13.18% |
| WACC | 7.35% |
| Leverage | 195.68% |
Marriott Vacations Worldwide Corporation : Quality Control
Marriott Vacations Worldwide Corporation passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| BYD | Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of … |
| CHDN | Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As … |
| MTN | Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment … |
| WYNN | Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, … |
| MGM | MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Boyd Gaming
A-Score
1-Year Total Return ->
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Marriott Vacations Worldwide
A-Score
1-Year Total Return ->
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Vail Resorts
A-Score
1-Year Total Return ->
4
Churchill Downs
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1-Year Total Return ->
5
Wynn Resorts
A-Score
1-Year Total Return ->
6
