Intrinsic value of Vail Resorts - MTN

Previous Close

$231.46

  Intrinsic Value

$339.58

stock screener

  Rating & Target

buy

+47%

Previous close

$231.46

 
Intrinsic value

$339.58

 
Up/down potential

+47%

 
Rating

buy

We calculate the intrinsic value of MTN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  19.11
  24.20
  22.28
  20.55
  19.00
  17.60
  16.34
  15.20
  14.18
  13.26
  12.44
  11.69
  11.03
  10.42
  9.88
  9.39
  8.95
  8.56
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.00
  5.90
Revenue, $m
  1,907
  2,368
  2,896
  3,491
  4,155
  4,886
  5,684
  6,548
  7,477
  8,469
  9,522
  10,636
  11,808
  13,039
  14,327
  15,673
  17,076
  18,538
  20,058
  21,639
  23,282
  24,990
  26,764
  28,608
  30,526
  32,519
  34,594
  36,753
  39,000
  41,342
  43,783
Variable operating expenses, $m
 
  1,588
  1,908
  2,269
  2,671
  3,114
  3,598
  4,122
  4,685
  5,287
  5,925
  6,448
  7,159
  7,905
  8,687
  9,502
  10,353
  11,239
  12,161
  13,120
  14,116
  15,151
  16,227
  17,345
  18,508
  19,716
  20,974
  22,283
  23,646
  25,066
  26,546
Fixed operating expenses, $m
 
  230
  235
  241
  247
  253
  260
  266
  273
  280
  287
  294
  301
  309
  317
  324
  333
  341
  349
  358
  367
  376
  386
  395
  405
  415
  426
  436
  447
  458
  470
Total operating expenses, $m
  1,528
  1,818
  2,143
  2,510
  2,918
  3,367
  3,858
  4,388
  4,958
  5,567
  6,212
  6,742
  7,460
  8,214
  9,004
  9,826
  10,686
  11,580
  12,510
  13,478
  14,483
  15,527
  16,613
  17,740
  18,913
  20,131
  21,400
  22,719
  24,093
  25,524
  27,016
Operating income, $m
  379
  551
  753
  981
  1,236
  1,518
  1,826
  2,160
  2,519
  2,902
  3,310
  3,893
  4,348
  4,825
  5,324
  5,846
  6,390
  6,958
  7,548
  8,161
  8,799
  9,462
  10,152
  10,868
  11,613
  12,388
  13,194
  14,033
  14,908
  15,818
  16,768
EBITDA, $m
  568
  851
  1,086
  1,352
  1,649
  1,976
  2,334
  2,722
  3,139
  3,585
  4,059
  4,560
  5,088
  5,642
  6,222
  6,828
  7,460
  8,119
  8,804
  9,517
  10,258
  11,028
  11,828
  12,660
  13,526
  14,425
  15,361
  16,336
  17,351
  18,409
  19,511
Interest expense (income), $m
  46
  58
  86
  119
  156
  197
  242
  291
  344
  402
  463
  528
  596
  669
  745
  824
  907
  994
  1,084
  1,178
  1,275
  1,376
  1,482
  1,591
  1,705
  1,823
  1,946
  2,074
  2,207
  2,346
  2,490
Earnings before tax, $m
  348
  493
  666
  862
  1,081
  1,321
  1,584
  1,869
  2,174
  2,501
  2,847
  3,366
  3,751
  4,156
  4,580
  5,022
  5,483
  5,964
  6,464
  6,984
  7,524
  8,086
  8,670
  9,277
  9,908
  10,565
  11,248
  11,959
  12,700
  13,472
  14,277
Tax expense, $m
  116
  133
  180
  233
  292
  357
  428
  505
  587
  675
  769
  909
  1,013
  1,122
  1,236
  1,356
  1,481
  1,610
  1,745
  1,886
  2,032
  2,183
  2,341
  2,505
  2,675
  2,852
  3,037
  3,229
  3,429
  3,638
  3,855
Net income, $m
  211
  360
  486
  629
  789
  965
  1,157
  1,364
  1,587
  1,826
  2,079
  2,457
  2,738
  3,034
  3,343
  3,666
  4,003
  4,354
  4,719
  5,098
  5,493
  5,903
  6,329
  6,772
  7,233
  7,712
  8,211
  8,730
  9,271
  9,835
  10,423

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  117
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,111
  4,965
  6,072
  7,320
  8,710
  10,243
  11,916
  13,728
  15,675
  17,754
  19,962
  22,297
  24,755
  27,335
  30,036
  32,857
  35,799
  38,863
  42,050
  45,365
  48,810
  52,389
  56,109
  59,976
  63,995
  68,175
  72,523
  77,049
  81,762
  86,672
  91,789
Adjusted assets (=assets-cash), $m
  3,994
  4,965
  6,072
  7,320
  8,710
  10,243
  11,916
  13,728
  15,675
  17,754
  19,962
  22,297
  24,755
  27,335
  30,036
  32,857
  35,799
  38,863
  42,050
  45,365
  48,810
  52,389
  56,109
  59,976
  63,995
  68,175
  72,523
  77,049
  81,762
  86,672
  91,789
Revenue / Adjusted assets
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
Average production assets, $m
  1,757
  2,181
  2,667
  3,216
  3,826
  4,500
  5,235
  6,031
  6,886
  7,800
  8,770
  9,795
  10,875
  12,009
  13,195
  14,435
  15,727
  17,073
  18,473
  19,929
  21,443
  23,016
  24,650
  26,348
  28,114
  29,950
  31,861
  33,849
  35,919
  38,076
  40,325
Working capital, $m
  -172
  -313
  -382
  -461
  -548
  -645
  -750
  -864
  -987
  -1,118
  -1,257
  -1,404
  -1,559
  -1,721
  -1,891
  -2,069
  -2,254
  -2,447
  -2,648
  -2,856
  -3,073
  -3,299
  -3,533
  -3,776
  -4,029
  -4,293
  -4,566
  -4,851
  -5,148
  -5,457
  -5,779
Total debt, $m
  1,272
  1,840
  2,533
  3,314
  4,184
  5,144
  6,191
  7,326
  8,544
  9,846
  11,229
  12,690
  14,229
  15,844
  17,535
  19,301
  21,142
  23,060
  25,056
  27,130
  29,287
  31,528
  33,856
  36,277
  38,793
  41,410
  44,132
  46,965
  49,915
  52,988
  56,192
Total liabilities, $m
  2,540
  3,108
  3,801
  4,582
  5,452
  6,412
  7,459
  8,594
  9,812
  11,114
  12,497
  13,958
  15,497
  17,112
  18,803
  20,569
  22,410
  24,328
  26,324
  28,398
  30,555
  32,796
  35,124
  37,545
  40,061
  42,678
  45,400
  48,233
  51,183
  54,256
  57,460
Total equity, $m
  1,571
  1,857
  2,271
  2,738
  3,258
  3,831
  4,457
  5,134
  5,862
  6,640
  7,466
  8,339
  9,258
  10,223
  11,234
  12,289
  13,389
  14,535
  15,727
  16,966
  18,255
  19,594
  20,985
  22,431
  23,934
  25,497
  27,124
  28,816
  30,579
  32,415
  34,329
Total liabilities and equity, $m
  4,111
  4,965
  6,072
  7,320
  8,710
  10,243
  11,916
  13,728
  15,674
  17,754
  19,963
  22,297
  24,755
  27,335
  30,037
  32,858
  35,799
  38,863
  42,051
  45,364
  48,810
  52,390
  56,109
  59,976
  63,995
  68,175
  72,524
  77,049
  81,762
  86,671
  91,789
Debt-to-equity ratio
  0.810
  0.990
  1.120
  1.210
  1.280
  1.340
  1.390
  1.430
  1.460
  1.480
  1.500
  1.520
  1.540
  1.550
  1.560
  1.570
  1.580
  1.590
  1.590
  1.600
  1.600
  1.610
  1.610
  1.620
  1.620
  1.620
  1.630
  1.630
  1.630
  1.630
  1.640
Adjusted equity ratio
  0.364
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374
  0.374

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  211
  360
  486
  629
  789
  965
  1,157
  1,364
  1,587
  1,826
  2,079
  2,457
  2,738
  3,034
  3,343
  3,666
  4,003
  4,354
  4,719
  5,098
  5,493
  5,903
  6,329
  6,772
  7,233
  7,712
  8,211
  8,730
  9,271
  9,835
  10,423
Depreciation, amort., depletion, $m
  189
  300
  333
  371
  412
  458
  508
  562
  620
  683
  749
  666
  740
  817
  898
  982
  1,070
  1,161
  1,257
  1,356
  1,459
  1,566
  1,677
  1,792
  1,913
  2,037
  2,167
  2,303
  2,443
  2,590
  2,743
Funds from operations, $m
  440
  660
  820
  1,000
  1,201
  1,423
  1,665
  1,926
  2,208
  2,508
  2,827
  3,123
  3,478
  3,851
  4,241
  4,648
  5,073
  5,515
  5,975
  6,454
  6,951
  7,468
  8,006
  8,564
  9,145
  9,750
  10,378
  11,033
  11,715
  12,425
  13,166
Change in working capital, $m
  -17
  -61
  -70
  -79
  -88
  -97
  -105
  -114
  -123
  -131
  -139
  -147
  -155
  -162
  -170
  -178
  -185
  -193
  -201
  -209
  -217
  -225
  -234
  -243
  -253
  -263
  -274
  -285
  -297
  -309
  -322
Cash from operations, $m
  457
  721
  890
  1,079
  1,289
  1,519
  1,770
  2,041
  2,330
  2,639
  2,966
  3,270
  3,633
  4,013
  4,411
  4,826
  5,258
  5,708
  6,176
  6,663
  7,168
  7,694
  8,240
  8,808
  9,398
  10,013
  10,652
  11,318
  12,011
  12,734
  13,488
Maintenance CAPEX, $m
  0
  -119
  -148
  -181
  -219
  -260
  -306
  -356
  -410
  -468
  -531
  -597
  -666
  -740
  -817
  -898
  -982
  -1,070
  -1,161
  -1,257
  -1,356
  -1,459
  -1,566
  -1,677
  -1,792
  -1,913
  -2,037
  -2,167
  -2,303
  -2,443
  -2,590
New CAPEX, $m
  -144
  -425
  -486
  -548
  -611
  -673
  -735
  -796
  -855
  -913
  -970
  -1,026
  -1,080
  -1,134
  -1,187
  -1,239
  -1,292
  -1,346
  -1,400
  -1,456
  -1,513
  -1,573
  -1,634
  -1,699
  -1,766
  -1,836
  -1,910
  -1,988
  -2,070
  -2,157
  -2,248
Cash from investing activities, $m
  -683
  -544
  -634
  -729
  -830
  -933
  -1,041
  -1,152
  -1,265
  -1,381
  -1,501
  -1,623
  -1,746
  -1,874
  -2,004
  -2,137
  -2,274
  -2,416
  -2,561
  -2,713
  -2,869
  -3,032
  -3,200
  -3,376
  -3,558
  -3,749
  -3,947
  -4,155
  -4,373
  -4,600
  -4,838
Free cash flow, $m
  -226
  177
  255
  349
  459
  586
  729
  889
  1,065
  1,257
  1,465
  1,648
  1,887
  2,140
  2,407
  2,689
  2,984
  3,292
  3,614
  3,950
  4,299
  4,662
  5,040
  5,432
  5,840
  6,264
  6,704
  7,162
  7,638
  8,134
  8,650
Issuance/(repayment) of debt, $m
  419
  606
  693
  781
  870
  959
  1,048
  1,134
  1,219
  1,302
  1,382
  1,461
  1,539
  1,615
  1,691
  1,766
  1,842
  1,918
  1,995
  2,075
  2,156
  2,241
  2,329
  2,420
  2,516
  2,617
  2,722
  2,833
  2,950
  3,073
  3,203
Issuance/(repurchase) of shares, $m
  0
  5
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  418
  611
  693
  781
  870
  959
  1,048
  1,134
  1,219
  1,302
  1,382
  1,461
  1,539
  1,615
  1,691
  1,766
  1,842
  1,918
  1,995
  2,075
  2,156
  2,241
  2,329
  2,420
  2,516
  2,617
  2,722
  2,833
  2,950
  3,073
  3,203
Total cash flow (excl. dividends), $m
  195
  788
  948
  1,130
  1,330
  1,545
  1,776
  2,023
  2,284
  2,559
  2,848
  3,110
  3,426
  3,755
  4,098
  4,455
  4,825
  5,210
  5,610
  6,025
  6,456
  6,903
  7,369
  7,853
  8,356
  8,881
  9,426
  9,995
  10,588
  11,207
  11,853
Retained Cash Flow (-), $m
  -696
  -365
  -414
  -467
  -520
  -573
  -626
  -678
  -728
  -778
  -826
  -873
  -919
  -965
  -1,010
  -1,055
  -1,100
  -1,146
  -1,192
  -1,240
  -1,288
  -1,339
  -1,391
  -1,446
  -1,503
  -1,563
  -1,626
  -1,693
  -1,763
  -1,836
  -1,914
Prev. year cash balance distribution, $m
 
  79
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  502
  534
  664
  810
  972
  1,150
  1,345
  1,555
  1,781
  2,022
  2,236
  2,506
  2,790
  3,088
  3,400
  3,725
  4,064
  4,417
  4,785
  5,167
  5,565
  5,978
  6,407
  6,853
  7,317
  7,800
  8,303
  8,826
  9,371
  9,939
Discount rate, %
 
  5.90
  6.20
  6.50
  6.83
  7.17
  7.53
  7.91
  8.30
  8.72
  9.15
  9.61
  10.09
  10.60
  11.13
  11.68
  12.27
  12.88
  13.52
  14.20
  14.91
  15.65
  16.44
  17.26
  18.12
  19.03
  19.98
  20.98
  22.03
  23.13
  24.29
PV of cash for distribution, $m
 
  474
  473
  549
  622
  687
  744
  790
  822
  840
  842
  815
  791
  753
  705
  648
  585
  518
  450
  384
  321
  262
  210
  165
  126
  94
  68
  49
  33
  22
  15
Current shareholders' claim on cash, %
  100
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9

Vail Resorts, Inc. is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations. It operates mountain resorts and urban ski areas, such as Whistler Blackcomb in British Columbia, Canada. In the Lodging segment, it owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand, as well as other lodging properties and various condominiums; National Park Service (NPS) concessionaire properties, including the Grand Teton Lodge Company (GTLC), which operates destination resorts in Grand Teton National Park; Colorado Mountain Express (CME), and mountain resort golf courses. Its Real Estate segment owns, develops and sells real estate in and around its resort communities.

FINANCIAL RATIOS  of  Vail Resorts (MTN)

Valuation Ratios
P/E Ratio 43.9
Price to Sales 4.9
Price to Book 5.9
Price to Tangible Book
Price to Cash Flow 20.3
Price to Free Cash Flow 29.6
Growth Rates
Sales Growth Rate 19.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 32.1%
Cap. Spend. - 3 Yr. Gr. Rate 4.1%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 78.5%
Total Debt to Equity 81%
Interest Coverage 9
Management Effectiveness
Return On Assets 7.3%
Ret/ On Assets - 3 Yr. Avg. 6.9%
Return On Total Capital 9.6%
Ret/ On T. Cap. - 3 Yr. Avg. 8.7%
Return On Equity 17.3%
Return On Equity - 3 Yr. Avg. 16%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 43.3%
Gross Margin - 3 Yr. Avg. 31.9%
EBITDA Margin 30.6%
EBITDA Margin - 3 Yr. Avg. 27.5%
Operating Margin 19.9%
Oper. Margin - 3 Yr. Avg. 17.3%
Pre-Tax Margin 18.2%
Pre-Tax Margin - 3 Yr. Avg. 14.7%
Net Profit Margin 11.1%
Net Profit Margin - 3 Yr. Avg. 9.5%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 31.6%
Payout Ratio 69.2%

MTN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTN stock intrinsic value calculation we used $1907 million for the last fiscal year's total revenue generated by Vail Resorts. The default revenue input number comes from 2017 income statement of Vail Resorts. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MTN stock valuation model: a) initial revenue growth rate of 24.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.9%, whose default value for MTN is calculated based on our internal credit rating of Vail Resorts, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Vail Resorts.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MTN stock the variable cost ratio is equal to 68.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $224 million in the base year in the intrinsic value calculation for MTN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.7% for Vail Resorts.

Corporate tax rate of 27% is the nominal tax rate for Vail Resorts. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MTN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MTN are equal to 92.1%.

Life of production assets of 14.7 years is the average useful life of capital assets used in Vail Resorts operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MTN is equal to -13.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1571 million for Vail Resorts - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 40.853 million for Vail Resorts is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Vail Resorts at the current share price and the inputted number of shares is $9.5 billion.

RELATED COMPANIES Price Int.Val. Rating
SKIS Peak Resorts 5.50 19.21  str.buy
MAR Marriott Inter 144.07 476.36  str.buy
H Hyatt Hotels 79.74 18.09  str.sell
HLT Hilton Worldwi 85.49 175.79  str.buy
MPX Marine Product 13.86 6.72  sell
ARMK Aramark 45.38 38.02  hold

COMPANY NEWS

▶ 10 Baby Boomer Stocks to Buy   [Jan-18-18 02:35PM  InvestorPlace]
▶ 3 Growth Stocks Worth Owning for the Next 50 Years   [Jan-17-18 08:30AM  Motley Fool]
▶ Is It Time to Hit the Slopes at Vail Resorts Inc.?   [Jan-16-18 11:13AM  GuruFocus.com]
▶ Why Vail Resorts Inc. Stock Jumped 32% Last Year   [Jan-11-18 09:25PM  Motley Fool]
▶ Is Vail Resorts Stock a Buy?   [Jan-06-18 10:31AM  Motley Fool]
▶ 7 Dividend Growth Stocks Worth Owning   [Jan-05-18 03:09PM  InvestorPlace]
▶ Lots to Pick from in Final Trades   [Dec-28-17 02:22PM  CNBC Videos]
▶ 8 Global Stock Leaders: Alibaba, Tencent and More   [Dec-20-17 02:00PM  Investopedia]
▶ Colorado Ski & Golf in Arvada gets new name and new location   [Dec-12-17 05:10PM  American City Business Journals]
▶ 4 Yields Up To 7.2% About To Enjoy Tax-Cut Bliss   [Dec-10-17 08:48AM  Forbes]
▶ Vail Resorts Earns RS Rating Upgrade   [Dec-08-17 03:00AM  Investor's Business Daily]
▶ Vail Resorts reports 1Q loss   [06:57AM  Associated Press]
▶ Stocks Showing Improved Relative Strength: Vail Resorts   [Dec-06-17 03:00AM  Investor's Business Daily]
▶ 3 Things to Watch in the Stock Market This Week   [Dec-04-17 08:00AM  Motley Fool]
▶ Vail Resorts Earnings: What to Watch   [Dec-01-17 07:46AM  Motley Fool]
▶ 3 Stocks That Feel Like Netflix in 2002   [Nov-22-17 06:05PM  Motley Fool]
▶ Baron Funds' CEO Spies Much¬†Opportunity Amid Current Disruptions   [Nov-20-17 08:00AM  Investor's Business Daily]
▶ 3 Stocks Your Children Will Brag About Someday   [Nov-15-17 05:08PM  Motley Fool]
▶ The Top 10 Ski Resorts In North America For 2018   [Nov-14-17 02:44PM  Forbes]
▶ The 5 Best-Kept-Secret Ski Resorts in the U.S.   [Nov-10-17 10:50PM  The Wall Street Journal]
▶ Cond√© Nast Traveler ranks best hotels, resorts in Colorado   [Oct-18-17 05:35PM  American City Business Journals]
▶ Vail Resorts and GMC Announce Exclusive Partnership   [Oct-10-17 07:50PM  PR Newswire]
▶ 3 Stocks With Mind-Boggling Double-Digit Dividend Growth   [Oct-04-17 05:07PM  Motley Fool]
▶ 3 Unknown but Amazing Dividend Stocks   [02:02PM  Motley Fool]
▶ Vail Resorts Can't Handle the Summer Heat   [07:49AM  Motley Fool]
▶ Carnival Earns Relative Strength Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ Vail Resorts reports 4Q loss   [Sep-28-17 09:41PM  Associated Press]
▶ Carnival Shows Rising Relative Price Performance; Still Shy Of Key Benchmark   [Sep-27-17 03:00AM  Investor's Business Daily]
▶ 3 Stocks the Smartest Investors are Buying Right Now   [Sep-26-17 09:00PM  Motley Fool]
▶ 3 Things to Watch in the Stock Market This Week   [Sep-24-17 12:00PM  Motley Fool]
▶ The Best Acquisition of the 21st Century   [07:33AM  Motley Fool]
▶ The 3 Stocks on the MFM Team's Radar   [Sep-20-17 03:55PM  Motley Fool]
▶ A look at Colorado ski resorts' upgrades and big events this season   [Sep-15-17 11:20AM  American City Business Journals]
▶ Stocks With Rising Relative Price Strength: Herc   [Sep-14-17 03:00AM  Investor's Business Daily]
▶ [$$] In Search of Bigger Fish   [Sep-02-17 12:06AM  Barrons.com]
▶ KSL-Henry Crown joint venture to add big Utah ski resort to its holdings   [Aug-21-17 06:43PM  American City Business Journals]
▶ [$$] Henry Ellenbogen's Bet on the Future Pays Off Today   [Aug-19-17 12:33AM  Barrons.com]
▶ 3 Growth Stocks for the Long Term   [Aug-17-17 06:15PM  Motley Fool]
▶ ETFs with exposure to Vail Resorts, Inc. : July 28, 2017   [Jul-28-17 04:35PM  Capital Cube]
Financial statements of MTN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.