Vail Resorts, Inc.

Valuation Analysis

About the Company

Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally. It operates in three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates destination mountain resorts and regional ski areas. This segment is also involved in ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. Its lodging segment owns and manages various luxury hotels and condominiums under the RockResorts brand; operates other lodging properties and various condominiums; and offers resort ground transportation services. The Real Estate segment owns, develops, and sells real estate properties. Vail Resorts, Inc. was founded in 1962 and is based in Bro

Vail Resorts, Inc. Stock at a Glance

Vail Resorts, Inc. (MTN) is currently trading at $133.31 with a market capitalization of $4.8B. The trailing P/E ratio stands at 28.73x, with a forward P/E of 20.96x. The 52-week range spans from $118.51 to $172.00; the current price is 22.5% below the yearly high. Year-over-year revenue growth stands at -7.0%. The net profit margin stands at 5.54%.

💰 Dividend

Vail Resorts, Inc. pays an annual dividend of $8.88 per share, representing a yield of 6.66%. The payout ratio stands at 191.38%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

12 analysts rate Vail Resorts, Inc. (MTN) on consensus: Buy. The average price target is $148.50, implying +11.39% from the current price. Analyst price targets range from $119.00 to $195.00.

Vail Resorts, Inc.: The Investment Case in Detail

Vail Resorts, Inc. (MTN) operates in the Consumer Cyclical — specifically Resorts & Casinos — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

The combination of a 43.33% gross margin and 42.1% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat.

The Bear Case

Revenue is contracting at -7% year-over-year — until that trend reverses, valuation is exposed to further downgrades. The debt-to-equity ratio of 355.58% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn. Short interest sits at 34.37% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

Valuation in Context

At a PEG of 3.33, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

What to Watch Next

• The forward P/E of 20.96x is meaningfully below the trailing 28.73x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (34.37%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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