Professional
Added to YB: 2024-10-08
Pitch date: 2024-10-05
MTN [neutral]
Vail Resorts, Inc.
-1.75%
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
$162.83
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
Getting More Defensive Heading into Q4 | Sycamore Portfolio Update [September 2024] - Vail Resorts, Inc.
MTN (pass): $100M cost-saving plan by 2026: 14% corporate job cuts, operational scaling. $27M savings in FY25, $67M in FY26. Market down 5% post-earnings. Unique asset, poor management. Spread thin: acquisitions, debt paydown, property investments, high dividend, buybacks. Overvalued at 24x forward earnings. Suspend dividend/buybacks, pay debt, invest in resorts.
Read full article (1 min)