-1.17%
-9.31%
2.60%
-6.60%
-23.43%
-38.65%
-27.51%

Company Description

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 operates 37 destination mountain resorts and regional ski areas.


This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services.This segment operates owned and managed hotel and condominium units.


The Real Estate segment owns, develops, and sells real estate properties.The company was incorporated in 1997 and is based in Broomfield, Colorado.

Market Data

Last Price 169.99
Change Percentage -1.17%
Open 171.9
Previous Close 172
Market Cap ( Millions) 6364
Volume 253023
Year High 236.92
Year Low 165
M A 50 182.33
M A 200 182.76

Financial Ratios

FCF Yield 4.90%
Dividend Yield 5.22%
ROE 31.07%
Debt / Equity 65.38%
Net Debt / EBIDTA -13.59%
Price To Book 14.34
Price Earnings Ratio 27.33
Price To FCF 20.4
Price To sales 2.2
EV / EBITDA 7.49

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Mountain

Expected Growth : 3.0 %

What the company do ?

Vail Mountain, one of the largest ski resorts in the US, offers 5,289 acres of skiable terrain, 195 trails, and 34 lifts, providing an unparalleled skiing experience.

Why we expect these perspectives ?

Vail Resorts' Mountain segment growth is driven by increasing demand for ski resorts, strategic acquisitions, and investments in technology and infrastructure. The 3.0% growth rate is also attributed to effective yield management, strong season pass sales, and a favorable snowfall season. Additionally, the company's focus on enhancing the guest experience through digital transformation and capital expenditures has contributed to the segment's growth.

Segment nΒ°2 -> Lodging

Expected Growth : 2.5 %

What the company do ?

Lodging from Vail Resorts, Inc. offers luxurious accommodations at iconic ski resorts, providing unparalleled access to world-class skiing and mountain experiences.

Why we expect these perspectives ?

Vail Resorts' Lodging segment growth is driven by increasing demand for luxury ski resorts, strategic acquisitions, and effective yield management. The company's focus on enhancing the guest experience through investments in amenities and technology also contributes to growth. Additionally, the growing popularity of ski vacations and the increasing appeal of Vail's destinations, such as Whistler Blackcomb and Perisher, support the 2.5% growth rate.

Segment nΒ°3 -> Real Estate

Expected Growth : 2.8 %

What the company do ?

Vail Resorts, Inc.'s Real Estate segment develops, markets, and sells residential properties, including condominiums, townhomes, and single-family homes, in its resort communities.

Why we expect these perspectives ?

Vail Resorts' Real Estate segment growth of 2.8% is driven by increasing demand for luxury mountain resort properties, strategic land acquisitions, and a strong brand reputation. Additionally, the company's focus on mixed-use development and resort revitalization projects contributes to the growth. Furthermore, the segment benefits from the company's ability to leverage its existing resort infrastructure and amenities to attract high-end buyers and renters.

Vail Resorts, Inc. Products

Product Range What is it ?
Ski Resort Lift Tickets Vail Resorts offers lift tickets for access to its ski resorts, including Vail, Beaver Creek, Breckenridge, and more.
Ski Lessons Vail Resorts offers private and group ski lessons for adults and children, taught by certified instructors.
Equipment Rentals Vail Resorts offers ski and snowboard equipment rentals for adults and children, including skis, boots, and poles.
Lodging and Accommodations Vail Resorts offers a range of lodging options, from luxury hotels to condominiums and vacation rentals.
Dining and Food Services Vail Resorts offers a range of dining options, from casual cafes to fine dining restaurants, at its ski resorts.
Summer Activities Vail Resorts offers summer activities, including mountain biking, hiking, and scenic gondola rides.
Epic Pass Vail Resorts offers the Epic Pass, a season pass that grants access to multiple ski resorts and perks.

Vail Resorts, Inc.'s Porter Forces

Vail Resorts, Inc. faces moderate threat from substitutes, as customers have alternative options for leisure activities and travel. However, the company's unique ski resorts and experiences provide some differentiation.

Vail Resorts, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's loyalty programs and season pass offerings help to retain customers and reduce price sensitivity.

Vail Resorts, Inc. has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company's scale and vertical integration also provide negotiating power in procurement.

The ski resort industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This limits the threat of new entrants and provides a competitive advantage to established players like Vail Resorts, Inc.

The ski resort industry is highly competitive, with several large players competing for market share. Vail Resorts, Inc. faces intense rivalry from other major ski resort operators, which can lead to pricing pressure and high marketing expenses.

Capital Structure

Value
Debt Weight 75.08%
Debt Cost 6.63%
Equity Weight 24.92%
Equity Cost 9.62%
WACC 7.37%
Leverage 301.32%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
VAC 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 …
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 …
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

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
169.99$
Current Price
169.99$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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