Vail Resorts MTN
United StatesConsumer Cyclical · Resorts & CasinosUSD
143.85 USD (−0.6%)
13 analysts
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Vail Resorts is the largest operator of mountain ski resorts in the United States, with a business model based on selling lift tickets, season passes, lodging, and ancillary services at its resorts.
Key points
from its scores- ✕Fragile balance sheet1.9
- ✕Little competitive advantage4.1
- ✕Little or no dividend4.3
AI analysis
bottom line, main risk, context and newsThe combination of high debt, negative operating margin, and unsustainable payout makes the risk outweigh the potential return, despite the attractive dividend yield.
Vail Resorts presents weak financial health (score 2.5) due to high leverage (Net Debt/EBITDA 4.25) and a negative operating margin (-73.70%), although its ROE of 26.04% and net dividend yield of 6.14% offer some appeal. The valuation (P/E 34.61) is demanding and the payout ratio of 215.53% is unsustainable, suggesting a high risk of dividend cut.
The main risk is its high leverage (Net Debt/EBITDA of 4.25) combined with a negative operating margin (-73.70%), leaving it highly exposed to a rising interest rate environment and a potential liquidity crisis if the business does not recover.
Context and risks
Vail Resorts operates ski resorts in the United States, a country with moderate governance risk. Its business model depends on permits and concessions for the use of public lands (Forest Service) to operate, introducing a specific regulatory risk. Additionally, its high leverage (Net Debt/EBITDA of 4.25) makes it vulnerable to a rising interest rate environment, increasing the cost of its debt and limiting its financial flexibility.
Is Vail Resorts stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 49% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 34.6 | 17.8 | +94% |
| EV / EBITDA | 11.7 | 11.2 | +4% |
| Price / book | 9.3 | 2.9 | +225% |
| Price / sales | 1.8 | 1.3 | +45% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.7 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 143.85 USD, −0.6% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.1 (sector 5.7), Growth 5.0 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 34.6
- Forward P/E
- 21.8
- EV / EBITDA
- 11.7
- Price / book
- 9.3
- Price / sales
- 1.8
- PEG
- 3.33
- Market cap
- 5.2B USD
- Enterprise value
- 8.6B USD
Profitability
- ROE
- 26.0%
- ROA
- 4.8%
- ROIC (approx.)
- −52.8%
- Gross margin
- 43.7%
- Operating margin
- −73.7%
- Net margin
- 5.2%
- Free cash flow
- 190.2M USD
- FCF yield
- 3.7%
- Cash conversion
- 26%
Solvency
- Total debt
- 3.4B USD
- Net debt
- 3.1B USD
- Cash
- 268.5M USD
- EBITDA
- 739.0M USD
- Net debt / EBITDA
- 4.25
- Debt / equity
- 612.18
- Current ratio
- 0.80
- Quick ratio
- 0.57
Growth
- Revenue growth
- +2.5%
- EPS (TTM)
- 4.18 USD
- EPS (forward)
- 6.63 USD
Dividend
- Dividend yield
- 6.1%
- Payout
- 215.5%
Risk and market
- Beta
- 0.77
- Analyst consensus
- Hold (13)
- Target price
- 143.85 USD
- 52-week range
- 118.51 – 163.34
Recent news
All MTN news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Vail Resorts
Is Vail Resorts stock cheap or expensive?
On P/E and EV / EBITDA, it trades 49% above the Consumer Cyclical median on average. Valuation score: 4.7 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 143.85 USD, −0.6% versus the price. This is not investment advice.
What score does Vail Resorts get on MeridIAn Screener?
It scores 4.6 out of 10, rank 1,847 of 2,130 (better than 13% of the companies analysed). Its strongest category is Risk & Context (6.9) and its weakest, Financial health (1.9). Analysis of 08/10/2026.
What is Vail Resorts's P/E ratio?
Its P/E is 34.6: the share price equals 34.6 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 21.8.
How much is Vail Resorts worth on the stock market?
Its market capitalisation is 5.2B USD and its enterprise value, debt included, is 8.6B USD.
How much debt does Vail Resorts have?
Its net debt (debt minus cash) is 3.1B USD. That is 4.25 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Vail Resorts pay a dividend?
Yes: its dividend yield is 6.14% and it pays out 216% of its earnings.
How has Vail Resorts stock performed over the last year?
It has risen 2.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 118.51 and 163.34 USD. Past performance does not guarantee future results.
What do analysts think of Vail Resorts?
13 analysts cover it; their average recommendation is “Hold” and their average target is 143.85 USD (−0.6% versus the price). It is an estimate, not market data.