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Vail Resorts (Vail Resorts) Cyclically Adjusted FCF per Share : $10.70 (As of Apr. 2024)


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What is Vail Resorts Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Vail Resorts's adjusted free cash flow per share for the three months ended in Apr. 2024 was $2.241. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $10.70 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Vail Resorts's average Cyclically Adjusted FCF Growth Rate was 9.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 17.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Vail Resorts was 25.90% per year. The lowest was 0.90% per year. And the median was 14.30% per year.

As of today (2024-06-09), Vail Resorts's current stock price is $173.94. Vail Resorts's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was $10.70. Vail Resorts's Cyclically Adjusted Price-to-FCF of today is 16.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vail Resorts was 62.75. The lowest was 16.26. And the median was 38.19.


Vail Resorts Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vail Resorts's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vail Resorts Cyclically Adjusted FCF per Share Chart

Vail Resorts Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.84 6.55 7.36 9.15 9.79

Vail Resorts Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.74 9.79 10.64 10.76 10.70

Competitive Comparison of Vail Resorts's Cyclically Adjusted FCF per Share

For the Resorts & Casinos subindustry, Vail Resorts's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vail Resorts's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Vail Resorts's Cyclically Adjusted Price-to-FCF falls into.



Vail Resorts Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Vail Resorts's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=2.241/131.7762*131.7762
=2.241

Current CPI (Apr. 2024) = 131.7762.

Vail Resorts Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 -1.898 100.520 -2.488
201410 -0.090 100.176 -0.118
201501 5.444 98.604 7.275
201504 2.903 99.824 3.832
201507 -3.440 100.691 -4.502
201510 1.357 100.346 1.782
201601 4.905 99.957 6.466
201604 3.619 100.947 4.724
201607 -1.057 101.524 -1.372
201610 0.298 101.988 0.385
201701 5.485 102.456 7.055
201704 3.543 103.167 4.525
201707 -1.405 103.278 -1.793
201710 2.933 104.070 3.714
201801 5.492 104.578 6.920
201804 3.080 105.708 3.840
201807 -1.653 106.324 -2.049
201810 3.190 106.695 3.940
201901 6.406 106.200 7.949
201904 3.073 107.818 3.756
201907 -1.865 108.250 -2.270
201910 3.885 108.577 4.715
202001 6.331 108.841 7.665
202004 -2.324 108.173 -2.831
202007 -2.425 109.318 -2.923
202010 2.033 109.861 2.439
202101 7.594 110.364 9.067
202104 1.805 112.673 2.111
202107 -1.355 115.183 -1.550
202110 7.390 116.696 8.345
202201 4.497 118.619 4.996
202204 3.239 121.978 3.499
202207 -2.296 125.002 -2.420
202210 5.184 125.734 5.433
202301 4.700 126.223 4.907
202304 1.679 127.992 1.729
202307 -3.662 128.974 -3.742
202310 7.218 129.810 7.327
202401 4.357 130.124 4.412
202404 2.241 131.776 2.241

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Vail Resorts  (NYSE:MTN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Vail Resorts's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=173.94/10.7
=16.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vail Resorts was 62.75. The lowest was 16.26. And the median was 38.19.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Vail Resorts Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Vail Resorts's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Vail Resorts (Vail Resorts) Business Description

Traded in Other Exchanges
Address
390 Interlocken Crescent, Broomfield, CO, USA, 80021
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
Executives
Hilary Schneider director C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
William Rock officer: President, Mountain Division C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Angela A Korch officer: EVP & Chief Financial Officer C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Michael Z Barkin officer: EVP & Chief Financial Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
John F Sorte director VAIL RESORTS INC, PO BOX 7, VAIL CO 89658
Robert A Katz director, officer: Chief Exec.Officer & Chairman C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan Bennett officer: SVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Nathan Mark Gronberg officer: VP, Controller & CAO 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Peter A Vaughn director 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
James C. O'donnell officer: EVP, Hospitality, Retail & RE 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
David T Shapiro officer: EVP, General Counsel & Sec. 601 HAWAII ST., EL SEGUNDO CA 90245
Kirsten A. Lynch officer: EVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Gregory Jon Sullivan officer: SVP, Retail & Hospitality 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Patricia A Campbell officer: President-Mountain Division 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan H Siurek officer: VP, Controller & CAO 6200 SPRINT PARKWAY, OVERLAND PARK KS 66251