gladassfanny/E+ via Getty Images Investment Overview Ski resort operator Vail Resorts (NYSE:MTN) made headlines this year after hitting a multi-year low. Underwhelming quarterly performances of late were to blame, driven by unfavorable skiing conditions across North America and Australia. It's now trading at levels last seen during the pandemic while boasting an enticing dividend yield, well above its historical averages. Also, based on multiple scenarios, its fair value computation points to a sizeable mar ...

BROOMFIELD, Colo., Sept. 5, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced today it will release the Company's financial results for its fiscal year ended July 31, 2024 after market close on Thursday, September 26, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Inve ...

Vail has struggled to grow recently, but the Epic Pass could unlock a bright future. Vail Resorts (MTN -0.11%) has struggled to grow as the cost of going to the mountains has gotten higher and the weather has left fewer skiing days. The company has answered by expanding the value of the Epic Pass, as Travis Hoium highlights in this video. *Stock prices used were end-of-day prices of Aug. 26, 2024. The video was published on Aug. 26, 2024. ...

Skiers and riders also invited to leave their gear at home this season and try My Epic Gear membership: Premium gear available slopeside √ BROOMFIELD, Colo., Aug. 14, 2024 /PRNewswire/ -- The best time to plan for winter is now, and your checklist to prepare for the ski and ride season is here. Skiers and riders who start planning now will lock in the best deals and experiences when visiting iconic mountain resorts like Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb and more. Here is Va ...

Core Viewpoint - Vail Resorts is currently facing cyclical challenges, resulting in a 50% decline in stock price since 2021, but its strong market position and attractive dividend yield of 4.7% may present a compelling investment opportunity [1][12]. Group 1: Company Overview - Vail Resorts is the largest global ski resort operator with 42 locations across North America, Australia, and Europe, and it holds a dominant position in the ski resort industry [2][3]. - The company has not seen the development of new large-scale resorts in the last 40 years, solidifying its claim on the most popular skiing destinations [4]. - Vail's wide moat, characterized by its irreplaceable mountain resorts and significant market presence, has allowed it to deliver total returns nearly double that of the S&P 500 over the past two decades [5]. Group 2: Financial Performance - Despite facing challenges such as reduced snowfall and lower skier visits, Vail Resorts reported growth in EBITDA, earnings per share, and free cash flow by 11%, 17%, and 28% respectively in its third quarter [7]. - The company generates nearly 75% of its visits from a growing subscription model, which has proven resilient during tough operating conditions [8]. - Vail's pass holders ski three times as many days as non-subscribers, providing additional revenue opportunities through ancillary offerings [9]. Group 3: Strategic Initiatives - Vail is expanding its footprint in Europe by acquiring its second European resort, Crans-Montana, for $107 million, indicating a strategic growth initiative in a market with significantly higher ski visits compared to North America [6]. - The company is launching a ski equipment subscription service, My Epic Gear, aimed at reducing costs for skiers while leveraging its extensive supply chain [10]. Group 4: Investment Considerations - Vail's current price-to-sales (P/S) ratio is at its lowest in a decade, and its dividend yield of 4.7% is the highest outside of a brief period in March 2020, suggesting a potential investment opportunity [11][12]. - The company utilizes only 83% of its free cash flow for dividend payments, indicating that the dividend is not at immediate risk of being cut [13]. - Vail's leadership position and wide moat are expected to help it navigate the current down cycle, making it an attractive dividend stock at its current valuation [14].

KEYSTONE, Colo., June 24, 2024 /PRNewswire/ -- The National Brotherhood of Snowsports (NBS), in partnership with Vail Resorts, is proud to share that NBS has selected Keystone Resort for its 2025 Annual Summit. Bringing together 58 member clubs and thousands of supporters from around the world, the NBS Summit offers a week of winter sports fun to raise funds to support their mission: increasing participation in winter sports while developing and supporting athletes of color who will win international compet ...

JulPo/E+ via Getty Images I wrote about Vail Resorts (NYSE:MTN) previously (Jan this year) with a hold rating as I was not sure if the business could meet its FY24 guidance given the weak consumer spending environment. Based on the recent performance, I don't see any positive developments in the investment case for MTN. In contrast, I believe demand is going to remain weak given the challenging macro environment, high price point, and poor structural weather headwinds ahead. To recapture demand, MTN most li ...

This factor eventually drove the decline in the number of skier visits during the period, resulting in the downtick of the top line of the company. Increased Expenses: To counter the negative impacts of the weather and other related issues, Vail Resorts has been considering various strategic investments to upgrade its ski resorts. The upgrades include new high-speed lift changes with increased headcounts and snowmaking system enhancements. Also, enhancements to its digital platform, My Epic app, and the lau ...

Yes, Vail cut guidance, but does it merit such a big decline? Vail updated guidance (Vail Q3 key metrics) cheaper than ~20x for the S&P 500), which on top of a ~5% yield for the stock ($8.88 in annual yield, based on its most recent $2.22 quarterly dividend annualized) makes this a stock worth banking on. | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------|-------|-------------|-----------------------------------------------------------------|---------- ...

Vail Resorts shares traded down 13.5% at of 10:15 a.m. ET Friday to $167.89, their lowest point since the early part of the COVID-19 pandemic in 2020. Vail Resorts blamed a lack of snowfall as its third-quarter profit and revenue missed analysts' forecasts. The company also cut its full-year guidance. The news sent shares of Vail Resorts to their lowest level since the early part of the COVID-19 outbreak. Shares of Vail Resorts (MTN) headed downhill Friday, a day after the operator of ski resorts posted wor ...