Added to YB: 2026-01-06
Pitch date: 2026-01-03
MTN [neutral]
Vail Resorts, Inc.
+2.45%
current return
Author Info
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Company Info
Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally.
Market Cap
$4.8B
Pitch Price
$133.34
Price Target
N/A
Dividend
6.63%
EV/EBITDA
8.63
P/E
18.50
EV/Sales
2.67
Sector
Hotels, Restaurants and Leisure
Category
N/A
Revisiting Vail Resorts ($MTN) Stock
MTN (pass): World's largest ski operator w/ irreplaceable monopolistic assets & pricing power, but poor capital allocation persists. Borrowing to fund 7% dividend while capex below depreciation vs Alterra investing 2x more. Katz acknowledged marketing/tech issues but guides FY26 capex only $234-239M, still inadequate. Until reinvestment prioritized over payouts, remains uninvestable despite structural advantages.
Read full article (6 min)