What changed
$MTN — WATCHLIST 📊
Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally.
🎯 Q2 2026 | Rev $1B | EPS $8.81 vs $8.96 🔴
💡 Consensus treated the $0.14 miss as a structural demand issue, but $9.75M of the shortfall stems from non-recurring transformation costs. Normalized EPS of $8.82 translates to a 16.4x trailing multiple, below the 5-year average of 18.5x for stable consumer discretionary assets with franchise moats.
📉 Reward/risk: 2.03:1
🏢 Business Quality: 7 — irreplaceable ski resort portfolio with strong pricing power and high switching costs, but weather dependency and high operating leverage introduce cyclical risk./10
📊 Valuation: fair — TTM P/E 16.4x vs.
📊 Our read: WATCHLIST. Full analysis →
https://stockduty.xyz/s/MTN0625
Why it matters
Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally.