Vail Resorts, Inc. Financial Ratios — MTN Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	07/31/2024	07/31/2025

Return on Common Equity (%)	8.57	3.98	9.12	6.94	27.22	32.27	40.55	59.42	40.49	14.05	18	41.65	30.03	28.16	37.67
Return on Assets (%)	1.78	0.85	1.78	1.27	4.92	6.03	6.39	9.29	7.09	2.04	2.22	5.54	4.33	3.97	4.88
Return on Capital (%)	5.99	3.93	5.66	5.96	13	13.93	13.64	- -	14.23	6.13	7.37	10.96	8.85	8	9.01
Return on Invested Capital (%)	4.46	2.71	3.78	4.74	8.93	10.13	10.72	- -	11.95	6.06	6.05	9.45	9.21	9.16	9.55
Gross Margin (%)	18.47	18.39	20	20.76	37.23	41.08	43.06	43.12	42.89	39.52	43.46	46.58	42.26	42.61	42.78
EBITDA Margin (%)	18.47	18.39	20	20.76	24.39	28.03	30.64	30.6	30.81	25.33	27.91	32.83	28.78	28.39	28.15
Operating Margin (%)	8.36	5.93	8.16	9.55	13.74	17.94	20.72	20.44	21.21	12.62	14.69	22.83	19.47	18.72	18.15
Incremental Operating Margin (%)	12.4	25.79	31.85	21.2	49.9	47.15	35.28	15.19	27.17	76	-60.59	48.08	-3.92	535.11	-2.72
Pretax Margin (%)	4.76	2.64	5.28	3.51	10.67	15.15	18.27	16.91	17.56	5.93	6.56	18.1	12.82	11.78	13.57
Profit Margin (%)	2.96	1.61	3.37	2.27	8.2	9.35	11.04	18.89	13.26	5.03	6.69	13.77	9.2	8.01	9.45
Net Income to Common Margin (%)	2.96	1.61	3.37	2.27	8.2	9.35	11.04	18.89	13.26	5.03	6.69	13.77	9.2	8.01	9.45
Effective Tax Rate (%)	38	39.5	36.5	36	23.25	38.4	33.5	- -	18.92	6.34	0.58	19.43	23.66	27.31	25.95
Dvd Payout Ratio (%)	15.75	148.5	75.68	161.17	65.96	69.62	57.83	48.32	75.35	178.35	- -	58.08	104.88	123.14	103.87
Sustainable Growth Rate (%)	7.22	-1.93	2.22	-4.25	9.27	9.8	17.1	30.71	9.98	-11.01	18	17.46	-1.46	-6.52	-1.46

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	07/31/2024	07/31/2025

Total Debt	492	527	831	658	844	728	1,297	1,295	1,595	2,705	3,076	2,943	3,025	3,059	3,444
ST Debt	1	1	1	1	10	13	38	38	49	100	149	98	106	92	634
LT Debt	491	526	830	657	834	714	1,259	1,256	1,547	2,605	2,927	2,845	2,919	2,967	2,810
Total Debt/EBITDA	2.28	2.8	3.71	2.53	2.47	1.62	2.22	2.1	2.28	5.44	5.77	3.55	3.64	3.73	4.13
Net Debt/EBITDA	1.96	2.36	2.94	2.24	2.28	1.41	1.98	1.78	2.1	4.14	3.01	1.96	2.71	3.01	3.3
Total Debt/EBIT	5.04	8.67	9.08	5.49	4.39	2.53	3.28	3.15	3.31	10.92	10.97	5.1	5.38	5.66	6.4
Net Debt/EBIT	4.32	7.31	7.19	4.86	4.05	2.2	2.92	2.66	3.05	8.31	5.73	2.82	4.01	4.57	5.12
EBITDA to Interest Expense	6.41	5.61	5.75	4.07	6.66	10.59	10.8	9.74	8.8	4.66	3.52	5.6	5.35	4.98	4.86
EBITDA-CapEx/Interest Expense	6.41	5.61	5.75	4.07	6.66	10.59	10.8	9.74	8.8	4.66	3.52	5.6	5.35	4.98	4.86
EBIT to Interest Expense	2.9	1.81	2.35	1.87	3.75	6.78	7.31	6.5	6.06	2.32	1.85	3.89	3.62	3.28	3.13
Interest Expense	34	34	39	64	51	42	54	63	79	107	151	148	155	165	172
Common Equity/Total Assets	21.42	21.22	18.13	18.49	17.74	19.62	13.41	17.89	17.18	12.33	12.39	14.19	14.7	13.49	12.45
Long-Term Debt/Equity (%)	58.16	64.41	99.06	78.69	94.75	80.39	69.97	69.33	89.57	170.05	160.01	153.99	218.54	289.46	372.71
Long-Term Debt/Capital (%)	53.19	55.36	65.69	61.18	64.2	58.13	60.62	55.98	59.91	73.04	71.66	69.83	68.99	71.64	62.54
Long-Term Debt/Total Assets (%)	25.21	27.28	35.96	30.22	33.54	28.78	30.62	30.9	34.95	49.67	46.82	45.03	49.08	52.17	48.63
Total Debt/Equity (%)	58.28	64.54	99.18	78.82	95.9	81.89	72.1	71.46	92.38	176.6	168.15	159.29	226.48	298.43	456.85
Total Debt/Capital (%)	53.3	55.46	65.77	61.27	64.98	59.22	62.47	57.69	61.79	75.85	75.3	72.23	71.5	73.86	76.66
Total Debt/Total Assets (%)	25.27	27.33	36	30.27	33.95	29.31	31.55	31.85	36.04	51.58	49.2	46.58	50.86	53.78	59.61
Net Debt to Equity	49.97	54.48	78.57	69.74	88.47	71.18	64.21	60.42	84.98	134.48	87.82	88.05	168.97	240.81	365.3
Net Debt/Capital (%)	49.46	49.2	58.53	56.56	61.62	54.48	58.96	52.99	59.34	64.87	56.56	54.83	61.53	64.64	67.96
EBITDA	216	188	224	260	341	449	584	616	700	497	533	829	832	819	834
EBITDA-CapEx	216	188	224	260	341	449	584	616	700	497	533	829	832	819	834
Operating Income (Loss)	98	61	92	120	192	287	395	411	482	248	280	577	562	540	538

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	07/31/2024	07/31/2025

Cash Ratio	0.29	0.18	0.44	0.14	0.09	0.13	0.19	0.3	0.15	0.65	1.27	1	0.5	0.29	0.26
Current Ratio	1.01	0.93	1.1	0.85	0.72	0.64	0.72	0.91	0.73	1.1	1.78	1.61	1.07	0.82	0.63
Quick Ratio	0.53	0.45	0.69	0.43	0.37	0.42	0.5	0.69	0.53	0.82	1.62	1.34	0.83	0.63	0.49
CFO/Avg Current Liab	1	0.75	0.79	0.77	0.84	0.97	0.85	0.92	0.97	0.6	0.66	0.68	0.57	0.53	0.4
Common Equity/Total Assets	21.42	21.22	18.13	18.49	17.74	19.62	13.41	17.89	17.18	12.33	12.39	14.19	14.7	13.49	12.45
Long-Term Debt/Equity (%)	58.16	64.41	99.06	78.69	94.75	80.39	69.97	69.33	89.57	170.05	160.01	153.99	218.54	289.46	372.71
Long-Term Debt/Capital (%)	53.19	55.36	65.69	61.18	64.2	58.13	60.62	55.98	59.91	73.04	71.66	69.83	68.99	71.64	62.54
Long-Term Debt/Total Assets (%)	25.21	27.28	35.96	30.22	33.54	28.78	30.62	30.9	34.95	49.67	46.82	45.03	49.08	52.17	48.63
Total Debt/Equity (%)	58.28	64.54	99.18	78.82	95.9	81.89	72.1	71.46	92.38	176.6	168.15	159.29	226.48	298.43	456.85
Total Debt/Capital (%)	53.3	55.46	65.77	61.27	64.98	59.22	62.47	57.69	61.79	75.85	75.3	72.23	71.5	73.86	76.66
Total Debt/Total Assets (%)	25.27	27.33	36	30.27	33.95	29.31	31.55	31.85	36.04	51.58	49.2	46.58	50.86	53.78	59.61
CFO/Total Liabilities	24.24	16.69	15.13	18.36	18.9	27.42	20.37	24.34	23.5	10.64	11.88	15.89	13.83	12.64	11.04
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.2	2.1	2.11	2.5	2.86	3.6	3.79	4.85	4.08	2.42	2.83	2.82	2.76	2.37	1.98

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	07/31/2024	07/31/2025

Accounts Receivable Turnover	20.81	16.49	15.48	14.34	13.33	12.27	11.42	9.63	9.06	10.4	8.45	6.93	7.56	7.62	7.82
Days Sales Outstanding	17.54	22.14	23.57	25.46	27.37	29.76	31.96	37.9	40.31	35.09	43.2	52.66	48.29	47.87	46.67
Inventory Turnover	18.6	13.95	13.36	14.67	12.49	12.74	13.63	13.43	14.25	11.97	11.85	14.28	13.83	13.17	14.36
Days Inventory Outstanding	19.62	26.17	27.31	24.87	29.22	28.64	26.79	27.18	25.62	30.49	30.79	25.57	26.39	27.72	25.41
Accounts Payable Turnover	18	14.7	15.25	14.91	13.22	14.02	15.2	15.03	14.77	15.29	13.4	11.04	11.29	11.34	12.05
Accounts Payable Turnover Days	20.28	24.82	23.93	24.48	27.62	26.04	24.01	24.28	24.71	23.87	27.24	33.05	32.33	32.2	30.29
Cash Conversion Cycle	16.88	23.49	26.96	25.85	28.97	32.36	34.74	40.8	41.21	41.7	46.75	45.17	42.35	43.39	41.79
Inventory to Cash Days	-2.08	-4.03	-3.74	0.58	-1.84	1.12	5.18	10.72	14.69	4.6	12.41	27.09	21.89	20.15	21.26
Inventories	54	66	68	67	73	75	85	86	97	102	80	109	133	119	117
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	56	68	70	69	75	76	86	87	99	106	83	111	133	119	117

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	07/31/2024	07/31/2025

Market Capitalization	1,647	1,787	2,402	2,713	3,986	5,190	8,273	11,185	9,947	7,734	12,300	9,595	9,338	6,892	5,583
- Cash & Cash Equivalents	70	46	139	44	35	68	117	178	109	391	1,244	1,107	563	323	440
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	14	14	14	14	14	14	228	222	226	215	234	235	332	315	329
+ Total Debt	492	527	831	658	844	728	1,297	1,295	1,595	2,705	3,076	2,943	3,025	3,059	3,444
Enterprise Value	2,083	2,282	3,108	3,340	4,809	5,864	9,680	12,523	11,659	10,263	14,366	11,666	12,132	9,943	8,916
Total Capital	923	950	1,263	1,074	1,300	1,229	2,076	2,244	2,582	3,566	4,084	4,074	4,231	4,141	4,493
Total Debt/Capital (%)	53.3	55.46	65.77	61.27	64.98	59.22	62.47	57.69	61.79	75.85	75.3	72.23	71.5	73.86	76.66
Total Debt / EV	0.24	0.23	0.27	0.2	0.18	0.12	0.13	0.1	0.14	0.26	0.21	0.25	0.25	0.31	0.39
EV/Sales	1.78	2.23	2.77	2.66	3.44	3.66	5.08	6.23	5.13	5.23	7.52	4.62	4.2	3.45	3.01
EV/EBITDA	9.66	12.11	13.86	12.82	14.08	13.07	16.56	20.35	16.66	20.64	26.95	14.07	14.59	12.14	10.69
EV/EBIT	21.34	37.54	33.97	27.87	25	20.41	24.49	30.47	24.2	41.42	51.22	20.23	21.57	18.41	16.57
EV/Cash Flow to Firm	7.23	11.09	12.58	11.65	14.02	12.66	19.09	20.1	16.69	20.74	21.26	14.06	16.04	14.03	13.07
EV/Free Cash Flow to Firm	7.23	11.09	12.58	11.65	14.02	12.66	19.09	20.1	16.69	20.74	21.26	14.06	16.04	14.03	13.07
Diluted Market Cap	1,681	1,820	2,460	2,798	4,103	5,338	8,508	11,523	10,146	7,842	12,461	9,648	9,363	6,909	5,590
Diluted Enterprise Value	2,117	2,315	3,167	3,425	4,926	6,012	9,915	12,861	11,859	10,371	14,527	11,719	12,157	9,959	8,924
EV per Share	57.85	63.38	86.68	92.96	132.34	161.64	246.62	310.01	288.97	254.82	356.46	288.3	305.94	262.57	239.97
TTM Sales	1,167	1,024	1,121	1,255	1,400	1,601	1,907	2,012	2,272	1,964	1,910	2,526	2,889	2,885	2,964
TTM EBITDA	216	188	224	260	341	449	584	616	700	497	533	829	832	819	834
TTM Operating Income	98	61	92	120	192	287	395	411	482	248	280	577	562	540	538
TTM Cash Flow to Firm	288	206	247	287	343	463	507	623	699	495	676	830	757	709	682
TTM Free Cash Flow to Firm	288	206	247	287	343	463	507	623	699	495	676	830	757	709	682

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	07/31/2024	07/31/2025

Price/Free Cash Flow	6.29	9.82	11.06	11.38	13.51	12.22	18.06	21.01	16	19.86	23.72	13.58	14.68	11.73	10.07
EV/EBIT	21.34	37.54	33.97	27.87	25	20.41	24.49	30.47	24.2	41.42	51.22	20.23	21.57	18.41	16.57
Enterprise Value	2,083	2,282	3,108	3,340	4,809	5,864	9,680	12,523	11,659	10,263	14,366	11,666	12,132	9,943	8,916
Low Price	32.37	34.55	48.65	64.47	73.94	100.5	142.04	200.68	179.6	125	185.62	206.03	201.91	165.14	129.85
EV/Sales	1.78	2.23	2.77	2.66	3.44	3.66	5.08	6.23	5.13	5.23	7.52	4.62	4.2	3.45	3.01
EV/EBITDA	9.66	12.11	13.86	12.82	14.08	13.07	16.56	20.35	16.66	20.64	26.95	14.07	14.59	12.14	10.69
Price/Earnings	47.77	108.63	63.64	95.26	34.74	34.66	39.29	29.44	33.03	78.25	96.21	27.58	35.13	29.82	19.94
Price/Earnings Average	47.13	93.95	54.99	89.98	29.46	29.89	33.07	24.75	31.68	86.36	87.95	33.11	35.51	35.08	22.13
Price/Earnings High	56.41	111.6	64.36	100.27	35.58	35.22	40.23	31.01	40.56	104.06	106.7	43.76	40.2	41.75	26.47
Price/Earnings Low	33.8	75.61	46.22	81.34	23.42	24.34	26.48	21.34	24.06	50.94	58.51	23.96	30.12	27.06	17.23
Price/Book Value	3.95	4.37	5.74	6.75	9.04	10.66	15	15.38	13.08	11.96	15.89	10.7	10.68	8.98	7.76
Price/Book Value Average	3.9	3.78	4.96	6.38	7.66	9.19	12.63	12.93	12.55	13.21	14.52	12.85	10.8	10.57	8.62
Price/Book Value High	4.67	4.49	5.8	7.1	9.25	10.83	15.36	16.2	16.07	15.91	17.62	16.98	12.22	12.57	10.3
Price/Book Value Low	2.8	3.04	4.17	5.76	6.09	7.48	10.11	11.15	9.53	7.79	9.66	9.3	9.16	8.15	6.71
Price/Tangible Book Value	3.4	3.93	7.17	8	16.89	21.68	-526.38	201.87	-53.04	-15.71	-45.37	-43.32	-13.45	-7.21	-4.58
Price/Tangible Book Value Average	3.35	3.4	6.2	7.56	14.33	18.7	-443.08	169.69	-50.87	-17.34	-41.48	-52	-13.6	-8.48	-5.08
Price/Tangible Book Value High	4.02	4.04	7.25	8.42	17.3	22.03	-539.01	212.62	-65.14	-20.9	-50.32	-68.73	-15.4	-10.1	-6.08
Price/Tangible Book Value Low	2.41	2.74	5.21	6.83	11.39	15.23	-354.75	146.32	-38.64	-10.23	-27.59	-37.64	-11.54	-6.54	-3.96
Price/Sales	1.41	1.74	2.14	2.16	2.85	3.24	4.34	5.56	4.38	3.94	6.44	3.8	3.23	2.39	1.88
Price/Sales Average	1.39	1.51	1.85	2.04	2.42	2.8	3.65	4.67	4.2	4.35	5.89	4.56	3.27	2.81	2.09
Price/Sales High	1.67	1.79	2.17	2.28	2.92	3.29	4.44	5.86	5.38	5.24	7.14	6.03	3.7	3.34	2.5
Price/Sales Low	1	1.21	1.56	1.85	1.92	2.28	2.92	4.03	3.19	2.56	3.92	3.3	2.77	2.17	1.63
Price/Cash Flow	6.16	9.64	10.8	11.03	13.13	11.88	17.56	20.39	15.68	19.58	23.42	13.51	14.64	11.7	10.06
Price/Cash Flow Average	6.08	8.34	9.33	10.42	11.13	10.24	14.78	17.14	15.04	21.61	21.41	16.21	14.8	13.76	11.17
Price/Cash Flow High	7.28	9.9	10.92	11.61	13.44	12.07	17.99	21.48	19.26	26.04	25.97	21.43	16.75	16.38	13.36
Price/Cash Flow Low	4.36	6.71	7.84	9.42	8.85	8.34	11.84	14.78	11.43	12.75	14.24	11.73	12.55	10.62	8.69
Price/Free Cash Flow Average	6.21	8.49	9.56	10.75	11.46	10.54	15.2	17.66	15.35	21.91	21.69	16.3	14.84	13.8	11.18
Price/Free Cash Flow High	7.43	10.09	11.19	11.98	13.84	12.41	18.5	22.13	19.65	26.41	26.31	21.55	16.8	16.42	13.37
Price/Free Cash Flow Low	4.45	6.83	8.03	9.72	9.11	8.58	12.17	15.23	11.66	12.93	14.43	11.8	12.59	10.64	8.71
EV/Sales Average	1.77	1.99	2.48	2.54	3	3.22	4.39	5.34	4.95	5.63	6.97	5.38	4.23	3.87	3.21
EV/Sales High	2.04	2.28	2.8	2.78	3.5	3.71	5.18	6.52	6.13	6.53	8.23	6.85	4.67	4.4	3.62
EV/Sales Low	1.37	1.7	2.19	2.35	2.51	2.7	3.66	4.7	3.94	3.85	5	4.12	3.74	3.22	2.75
EV/EBITDA Average	9.56	10.83	12.41	12.25	12.31	11.48	14.32	17.45	16.08	22.25	24.97	16.39	14.71	13.62	11.42
EV/EBITDA High	11.05	12.37	13.99	13.37	14.37	13.25	16.9	21.31	19.9	25.76	29.47	20.86	16.21	15.5	12.88
EV/EBITDA Low	7.43	9.23	10.93	11.3	10.28	9.62	11.95	15.35	12.8	15.21	17.91	12.55	12.99	11.36	9.78
EV/EBIT Average	21.12	33.56	30.4	26.61	21.85	17.93	21.18	26.13	23.36	44.66	47.46	23.56	21.75	20.66	17.71
EV/EBIT High	24.4	38.34	34.27	29.06	25.5	20.7	25	31.91	28.91	51.72	56.01	29.99	23.97	23.51	19.97
EV/EBIT Low	16.41	28.6	26.79	24.56	18.25	15.03	17.67	22.98	18.6	30.53	34.04	18.05	19.2	17.23	15.16
Last Price	45.75	49.64	66.98	75.5	109.69	143.07	210.76	276.87	246.52	192.03	305.2	237.13	235.49	182.01	150.26
High Price	54.03	51	67.74	79.47	112.34	145.38	215.82	291.61	302.76	255.37	338.5	376.24	269.5	254.78	199.45
Enterprise Value Average	2,061	2,040	2,782	3,190	4,204	5,150	8,371	10,741	11,254	11,064	13,310	13,589	12,234	11,158	9,529
Enterprise Value High	2,381	2,331	3,135	3,483	4,906	5,947	9,879	13,119	13,929	12,813	15,708	17,295	13,481	12,699	10,744
Enterprise Value Low	1,601	1,739	2,451	2,944	3,510	4,319	6,983	9,446	8,959	7,563	9,547	10,407	10,800	9,304	8,158

Shares Outstanding	36	36	36	36	37	36	40	41	40	40	40	40	38	37	36
Diluted Weighted Avg Shares	37	37	37	37	37	37	40	42	41	41	41	41	40	38	37
Basic Weighted Avg Shares	36	36	36	36	36	36	39	40	40	40	40	40	40	38	37
Revenue per Share	32.41	28.45	31.26	34.92	38.52	44.14	48.59	49.79	56.3	48.76	47.39	62.42	72.86	76.19	79.78
EBITDA per Share	5.99	5.23	6.25	7.25	9.4	12.37	14.89	15.24	17.34	12.35	13.23	20.49	20.97	21.63	22.46
Operating Income per Share	2.71	1.69	2.55	3.34	5.29	7.92	10.07	10.18	11.94	6.15	6.96	14.25	14.18	14.26	14.48
Basic EPS, GAAP	0.96	0.46	1.05	0.79	3.16	4.13	5.36	9.4	7.46	2.45	3.17	8.6	6.7	6.1	7.54
Basic EPS from Cont Ops	0.96	0.46	1.05	0.79	3.15	4.12	5.9	9.93	8.02	2.71	3.09	9.1	7.13	6.52	8.02
Diluted EPS, GAAP	0.94	0.45	1.03	0.77	3.07	4.01	5.22	9.13	7.32	2.42	3.13	8.55	6.69	6.09	7.53
Diluted EPS from Cont Ops	0.94	0.45	1.02	0.76	3.06	4.01	5.74	9.64	7.86	2.67	3.05	9.05	7.11	6.51	8.01
Dividend per Share	0.15	0.67	0.79	1.25	2.08	2.86	3.73	5.05	6.46	5.28	- -	5.58	7.93	8.55	8.83
Cash Flow per Share	7.42	5.15	6.2	6.84	8.36	12.05	12	13.58	15.72	9.81	13.03	17.56	16.09	15.55	14.93
Free Cash Flow per Basic Share	7.42	5.15	6.2	6.84	8.36	12.05	12	13.58	15.72	9.81	13.03	17.56	16.09	15.55	14.93
Cash & Equivalents per Share	1.95	1.28	3.87	1.24	0.98	1.87	2.99	4.41	2.7	9.71	30.87	27.37	14.2	8.53	11.85
Book Value per Share	11.58	11.36	11.67	11.19	12.14	13.43	14.05	18	18.84	16.05	19.21	22.15	22.05	20.26	19.35
Tangible Book Value per Share	13.46	12.62	9.34	9.44	6.49	6.6	-0.4	1.37	-4.65	-12.22	-6.73	-5.47	-17.5	-25.24	-32.83

Vail Resorts, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)