Vail Resorts Reported Mixed Quarterly Results

Vail Resorts (MTN) has a market cap of $3.75 billion. Its YTD (year-to-date) price movement is stable. It’s in a trading range. After the earnings report in 4Q15, Vail Resorts fell to -2.56% and closed at $103.05 per share. The price movement on a weekly, monthly, and YTD basis is -4.70%, -4.39%, and 14.45%, respectively. It’s trading at -2.56% on a trailing five-day basis.

Technically, it has broken the support of the 20-day and 50-day moving average throughout the year. Currently, it’s trading at -3.61% below the 20-day moving average, -4.59% below the 50-day moving average, and 3.28% above the 200-day moving average.

The iShares MSCI South Africa ETF (EZA) invests 10.15% of its holdings in Vail Resorts. EZA tracks the performance of a market-cap-weighted index of South African stocks. It captures 85% of the publicly available market, excluding all small-caps. EZA’s YTD price movement is -17.72%.

Vail Resorts’ competitors and their market caps are:

• Hilton Worldwide Holdings (HLT) – $21.76 billion
• Marriott International (MAR) – $17.59 billion
• Starwood Hotels & Resorts Worldwide (HOT) – $11.10 billion
• Hyatt Hotels (H) – $6.65 billion

According to Vail Resorts’ 4Q15 earnings report, the net revenue rose to $162.082 million in 4Q15—a rise of 19.62% compared to the net revenue of $135.488 million in 4Q14. The revenue from mountain and lodging rose by 50.11% and 10.80%, respectively. The revenue from real estate fell by 38.35% in 4Q15. The net income was -$70.142 million in 4Q15—a rise of 6.90% compared to net income of -$75.355 million in 4Q14.

In fiscal 2015, the company reported net revenue of $1,399.924 million—a rise of 11.57% on a yearly basis. The revenue from mountain and lodging rose 14.57% and 5.06%, respectively. The revenue from real estate fell by 15.25% in fiscal 2015. The net income and EPS (earnings per share) were reported as $114.754 million and $3.07 per share.

On June 30, 2015, the company acquired its first international mountain resort—the Perisher Ski Resort in New South Wales, Australia—for a total cash consideration of $134.8 million.

Vail Resorts is the leading mountain resort company in the world. It leads in luxury, destination-based travel to iconic locations. The company operates in three segments:

1. Mountain – It operates Vail’s 11 premier resorts.
2. Lodging – It manages luxury hotels under the RockResorts brand.
3. Real Estate Development – It holds, develops, buys, and sells real estate in and around resort communities.