Professional
Added to YB: 2024-08-15
Pitch date: 2024-06-30
MTN [bullish]
Vail Resorts, Inc.
-3.12%
current return
Author Info
No bio for this author
Company Info
Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally.
Market Cap
$5.0B
Pitch Price
$157.89
Price Target
N/A
Dividend
6.29%
EV/EBITDA
10.42
P/E
34.26
EV/Sales
2.99
Sector
Hotels, Restaurants and Leisure
Category
turnaround
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.
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