Professional
Added to YB: 2024-08-15
Pitch date: 2024-06-30
MTN [bullish]
Vail Resorts, Inc.
-3.95%
current return
Author Info
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Company Info
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally.
Market Cap
$5.4B
Pitch Price
$168.41
Price Target
N/A
Dividend
6.11%
EV/EBITDA
8.84
P/E
21.08
EV/Sales
2.78
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Show full summary:
Baron Partners Fund Portfolio Holding: Vail Resorts, Inc.
MTN: Shares down on slow season pass sales & poor Aussie ski season. Still expect ~$950M pass revenue (1/3 of 2023 rev). 8% price hike + favorable comps = double-digit EBITDA growth & strong FCF. 6%+ FCF yield, all returned via dividends & buybacks. Retain conviction despite short-term challenges.
Read full article (1 min)