Marriott Vacations Worldwide Corporation Financial Ratios — VAC

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	189.83	68.41	61.67	41.3	53.67	10.45	25.23	-65.24	17.85	89.89	38	27.32	-47.83
Return on Assets (%)	-5.3	0.26	3.04	3.13	4.98	5.09	8.98	0.93	1.51	-3.04	0.53	4.06	2.63	2.24	-3.15
Return on Capital (%)	- -	2.63	14.78	12.52	16.3	12.71	18.08	2.86	4.82	- -	2.43	9.05	6.04	5.58	- -
Return on Invested Capital (%)	- -	1.59	6.31	6.07	8.45	7.43	12.95	3.35	4.94	- -	2.68	7.14	4.94	5.13	- -
Gross Margin (%)	35.28	33.5	34.71	36.34	37.59	32.7	35.04	37.06	39.94	24.12	37.35	42.63	38.46	37.35	37.52
EBITDA Margin (%)	11.33	10.01	12.28	13.17	14.7	11	12.41	12.63	16.55	5.41	15.66	19.95	15.27	13.99	11.55
Operating Margin (%)	9.3	8.18	10.99	12.08	13.47	9.95	11.45	10.55	13.24	1.14	11.9	17.12	12.42	11.05	8.59
Incremental Operating Margin (%)	-25	-113.33	52.67	-44.46	38.67	-23.75	27.87	8.03	19.44	38.67	42.83	43.6	-295.77	-15.83	-180
Pretax Margin (%)	-13.36	1.89	7.5	8.78	11.4	9.9	10.99	3.47	5.28	-11.78	3.26	12.5	8.42	6.16	-5.94
Profit Margin (%)	-10.59	0.43	4.56	4.71	6.78	6.1	10.77	1.85	3.24	-9.53	1.26	8.4	5.37	4.39	-6.12
Net Income to Common Margin (%)	-10.59	0.43	4.56	4.71	6.78	6.1	10.77	1.85	3.24	-9.53	1.26	8.4	5.37	4.39	-6.12
Effective Tax Rate (%)	- -	77.42	39.23	46.37	40.53	38.38	2.08	49.51	36.89	- -	58.27	32.82	36.68	29.08	- -
Dvd Payout Ratio (%)	-37.21	- -	- -	10.13	19.38	27.87	16.17	104.08	55.48	-18.99	40.35	25.32	42.4	49.54	-35.95
Sustainable Growth Rate (%)	- -	- -	189.83	61.48	49.72	29.79	44.99	-0.43	11.23	-77.63	10.65	67.13	21.89	13.79	-65.02

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	850	678	678	703	679	737	1,095	3,818	4,087	4,268	4,487	5,026	5,145	5,225	5,680
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	850	678	678	703	679	737	1,095	3,818	4,087	4,268	4,487	5,026	5,145	5,225	5,680
Total Debt/EBITDA	4.62	4.13	3.15	3.11	2.55	3.35	4.04	10.18	5.8	27.36	7.37	5.41	7.13	7.52	9.78
Net Debt/EBITDA	4.02	3.51	2.22	1.58	1.89	2.65	2.51	9.52	5.37	23.95	6.67	4.75	6.52	6.95	8.74
Total Debt/EBIT	5.63	5.06	3.53	3.39	2.78	3.7	4.38	12.2	7.25	129.33	9.69	6.31	8.76	9.52	13.15
Net Debt/EBIT	4.9	4.29	2.49	1.72	2.06	2.93	2.72	11.41	6.71	113.21	8.77	5.54	8.02	8.8	11.75
EBITDA to Interest Expense	3.91	2.83	4.89	5.92	7.1	24.44	27.1	6.94	5.34	1.04	3.71	7.87	4.98	4.29	3.44
EBITDA-CapEx/Interest Expense	3.91	2.83	4.89	5.92	7.1	24.44	27.1	6.94	5.34	1.04	3.71	7.87	4.98	4.29	3.44
EBIT to Interest Expense	3.21	2.31	4.38	5.43	6.51	22.11	25	5.8	4.27	0.22	2.82	6.75	4.05	3.39	2.56
Interest Expense	47	58	44	38	37	9	10	54	132	150	164	118	145	162	169
Common Equity/Total Assets	-0.07	0.08	3.12	6.09	10.17	14.5	18.59	5.81	6.19	3.07	2.87	6.16	7.68	8.7	4.46
Long-Term Debt/Equity (%)	74.96	59.53	56.08	65.11	69.53	81.21	105.19	110.16	134.84	159.13	150.27	201.2	215.99	214.05	285
Long-Term Debt/Capital (%)	100.24	99.71	89.21	82.02	73.55	68.01	67.43	87.83	87.53	93.35	94.01	89.4	87.38	85.98	92.89
Long-Term Debt/Total Assets (%)	29.88	25.95	25.76	27.78	28.29	30.83	38.49	42.34	44.36	47.97	46.68	52.14	53.15	53.27	58.21
Total Debt/Equity (%)	74.96	59.53	56.08	65.11	69.53	81.21	105.19	110.16	134.84	159.13	150.27	201.2	215.99	214.05	285
Total Debt/Capital (%)	100.24	99.71	89.21	82.02	73.55	68.01	67.43	87.83	87.53	93.35	94.01	89.4	87.38	85.98	92.89
Total Debt/Total Assets (%)	29.88	25.95	25.76	27.78	28.29	30.83	38.49	42.34	44.36	47.97	46.68	52.14	53.15	53.27	58.21
Net Debt to Equity	65.26	50.48	39.54	33.02	51.39	64.21	65.23	103	124.91	139.3	136.03	176.78	197.65	197.83	254.69
Net Debt/Capital (%)	100.27	99.65	85.36	69.82	67.27	62.22	55.88	86.73	86.4	92.29	91.67	86.62	83.48	82.13	88.91
EBITDA	184	164	215	226	266	220	271	375	705	156	609	929	722	695	581
EBITDA-CapEx	184	164	215	226	266	220	271	375	705	156	609	929	722	695	581
Operating Income (Loss)	151	134	192	207	244	199	250	313	564	33	463	797	587	549	432

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.32	0.25	0.48	0.84	0.36	0.32	0.92	0.2	0.22	0.44	0.27	0.4	0.19	0.15	0.31
Current Ratio	6.89	5.43	5.39	5.48	4.06	4.45	4.7	3.37	3.16	3.21	3.04	3.03	3.05	3.14	3.34
Quick Ratio	3.91	3.09	3.08	3.33	2.53	2.77	3.62	2.28	2.18	2.19	2.11	2.28	2.3	2.32	2.57
CFO/Avg Current Liab	0.91	0.43	0.39	0.7	0.26	0.3	0.31	0.12	0.31	0.24	0.28	0.4	0.18	0.16	0.02
Common Equity/Total Assets	-0.07	0.08	3.12	6.09	10.17	14.5	18.59	5.81	6.19	3.07	2.87	6.16	7.68	8.7	4.46
Long-Term Debt/Equity (%)	74.96	59.53	56.08	65.11	69.53	81.21	105.19	110.16	134.84	159.13	150.27	201.2	215.99	214.05	285
Long-Term Debt/Capital (%)	100.24	99.71	89.21	82.02	73.55	68.01	67.43	87.83	87.53	93.35	94.01	89.4	87.38	85.98	92.89
Long-Term Debt/Total Assets (%)	29.88	25.95	25.76	27.78	28.29	30.83	38.49	42.34	44.36	47.97	46.68	52.14	53.15	53.27	58.21
Total Debt/Equity (%)	74.96	59.53	56.08	65.11	69.53	81.21	105.19	110.16	134.84	159.13	150.27	201.2	215.99	214.05	285
Total Debt/Capital (%)	100.24	99.71	89.21	82.02	73.55	68.01	67.43	87.83	87.53	93.35	94.01	89.4	87.38	85.98	92.89
Total Debt/Total Assets (%)	29.88	25.95	25.76	27.78	28.29	30.83	38.49	42.34	44.36	47.97	46.68	52.14	53.15	53.27	58.21
CFO/Total Liabilities	18.76	11.06	11.3	20.09	8.32	9.5	7.87	1.75	6.18	4.81	5.18	7.31	3.18	2.78	0.36
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.81	2.21	2.57	2.95	2.73	3.07	3.23	1.82	2.49	1.83	2.28	2.48	2.16	2.18	1.93

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	15.92	16.07	16.74	15.69	14.99	13.62	17.21	14.27	13.17	9.64	17.37	25.44	20.6	19.29	19.32
Days Sales Outstanding	22.92	22.72	21.8	23.26	24.34	26.79	21.21	25.58	27.72	37.88	21.02	14.35	17.72	18.92	18.9
Inventory Turnover	0.89	1.18	1.3	1.33	1.57	1.95	2.55	2.96	2.97	2.71	3.3	3.87	4.5	4.55	4.41
Days Inventory Outstanding	411.71	309.25	280.84	274.45	232.86	187.35	142.93	123.2	122.86	134.83	110.68	94.22	81.18	80.28	82.83
Accounts Payable Turnover	5.16	7.9	9.29	8.19	8.11	10.54	8.19	10.46	8.7	8.44	10.11	8.41	8.03	9.11	8.85
Accounts Payable Turnover Days	70.8	46.21	39.28	44.58	45.01	34.62	44.56	34.89	41.94	43.22	36.09	43.39	45.45	40.04	41.26
Cash Conversion Cycle	363.83	285.75	263.36	253.13	212.19	179.52	119.58	113.89	108.63	129.49	95.61	65.18	53.45	59.16	60.47
Inventory to Cash Days	-388.79	-286.53	-259.04	-251.19	-208.52	-160.56	-121.72	-97.62	-95.13	-96.95	-89.67	-79.88	-63.46	-61.36	-63.94
Inventories	959	888	870	773	669	713	398	863	859	759	719	660	634	735	692
Raw Materials	6	7	6	5	5	4	5	11	- -	- -	- -	- -	- -	- -	- -
Work In Process	215	120	151	- -	- -	39	2	9	- -	- -	- -	- -	- -	- -	- -
Finished Goods	953	881	864	768	664	708	393	852	851	749	710	651	624	725	684
Other Inventory	-215	-120	-151	- -	- -	-39	-2	-9	8	10	9	9	10	10	8

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	578	1,433	1,866	2,509	1,793	2,366	3,664	2,365	5,677	5,675	7,200	5,437	3,098	3,179	2,013
- Cash & Cash Equivalents	110	103	200	347	177	147	409	231	287	524	342	524	248	197	406
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	5	12	31	10	2	- -	-1	- -
+ Total Debt	850	678	678	703	679	737	1,095	3,818	4,087	4,268	4,487	5,026	5,145	5,225	5,680
Enterprise Value	1,318	2,008	2,344	2,866	2,295	2,956	4,350	5,957	9,489	9,450	11,355	9,941	7,995	8,206	7,287
Total Capital	848	680	760	857	923	1,084	1,624	4,347	4,669	4,572	4,773	5,622	5,888	6,077	6,115
Total Debt/Capital (%)	100.24	99.71	89.21	82.02	73.55	68.01	67.43	87.83	87.53	93.35	94.01	89.4	87.38	85.98	92.89
Total Debt / EV	0.64	0.34	0.29	0.25	0.3	0.25	0.25	0.64	0.43	0.45	0.4	0.51	0.64	0.64	0.78
EV/Sales	0.81	1.23	1.34	1.67	1.27	1.48	1.99	2.01	2.23	3.27	2.92	2.14	1.69	1.65	1.45
EV/EBITDA	7.16	12.25	10.91	12.68	8.62	13.44	16.05	15.88	13.46	60.57	18.65	10.7	11.07	11.81	12.54
EV/EBIT	8.73	14.99	12.19	13.83	9.41	14.85	17.4	19.03	16.82	286.35	24.52	12.47	13.62	14.95	16.87
EV/Cash Flow to Firm	3.68	11.41	12.51	9.19	16.31	20.17	28.66	47.94	20.39	22.94	27.6	16.53	24.69	25.65	36.16
EV/Free Cash Flow to Firm	3.68	11.41	12.51	9.19	16.31	20.17	28.66	47.94	20.39	22.94	27.6	16.53	24.69	25.65	36.16
Diluted Market Cap	578	1,508	1,932	2,582	1,832	2,412	3,745	2,409	5,750	5,675	7,317	6,083	3,693	3,781	2,013
Diluted Enterprise Value	1,318	2,083	2,410	2,938	2,334	3,002	4,431	6,001	9,562	9,450	11,472	10,587	8,590	8,808	7,287
EV per Share	39.12	58.39	66.27	85.13	72.88	106.01	160.52	177.62	215.22	228.51	266.5	246.08	219.05	231.81	208.81
TTM Sales	1,624	1,639	1,750	1,716	1,811	2,000	2,183	2,968	4,259	2,886	3,890	4,656	4,727	4,967	5,032
TTM EBITDA	184	164	215	226	266	220	271	375	705	156	609	929	722	695	581
TTM Operating Income	151	134	192	207	244	199	250	313	564	33	463	797	587	549	432
TTM Cash Flow to Firm	358	176	187	312	141	147	152	124	465	412	411	601	324	320	202
TTM Free Cash Flow to Firm	358	176	187	312	141	147	152	124	465	412	411	601	324	320	202

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	1.8	9.25	12.02	8.86	15.47	17.1	26.38	24.83	15.05	18.98	21.33	11.65	15.92	18.44	71.91
EV/EBIT	8.73	14.99	12.19	13.83	9.41	14.85	17.4	19.03	16.82	286.35	24.52	12.47	13.62	14.95	16.87
Enterprise Value	1,318	2,008	2,344	2,866	2,295	2,956	4,350	5,957	9,489	9,450	11,355	9,941	7,995	8,206	7,287
Low Price	15.75	17.35	38.3	46.63	55.27	45.95	79.79	60.68	66.94	30.1	121.89	110.08	72.78	67.28	44.58
EV/Sales	0.81	1.23	1.34	1.67	1.27	1.48	1.99	2.01	2.23	3.27	2.92	2.14	1.69	1.65	1.45
EV/EBITDA	7.16	12.25	10.91	12.68	8.62	13.44	16.05	15.88	13.46	60.57	18.65	10.7	11.07	11.81	12.54
Price/Earnings	- -	204.78	23.41	31.07	14.6	19.39	15.59	42.99	41.14	- -	146.94	13.91	12.2	14.58	- -
Price/Earnings Average	-3.42	151.93	20.25	24.68	19.43	15.37	12.98	71	32.3	-14.82	138.97	14.89	17.12	14.16	-7.89
Price/Earnings High	-4.41	207.19	23.83	31.8	23.95	20.56	16.55	93.99	41.94	-23.71	166.06	18.05	23.83	17.63	-10.33
Price/Earnings Low	-3.09	85.26	16.99	19.44	14.17	10.5	9.2	37	21.39	-4.53	105.99	11.37	10.46	10.93	-5.05
Price/Book Value	-289.15	716.72	22.76	16.28	7.34	6.82	6.93	4.51	9.96	20.79	26.09	9.15	4.17	3.73	4.63
Price/Book Value Average	-294.42	531.76	19.69	12.94	9.77	5.41	5.76	7.45	7.82	14.92	24.67	9.8	5.85	3.62	5.58
Price/Book Value High	-379.12	725.15	23.17	16.67	12.05	7.24	7.35	9.87	10.15	23.88	29.48	11.88	8.15	4.51	7.32
Price/Book Value Low	-265.39	298.42	16.52	10.19	7.13	3.7	4.09	3.88	5.18	4.56	18.82	7.49	3.58	2.79	3.58
Price/Tangible Book Value	0.51	1.26	1.54	2.32	1.84	2.61	3.52	-5.04	-6.39	-5.22	-6.22	-3.55	-1.95	-2.17	-1.2
Price/Tangible Book Value Average	0.52	0.93	1.34	1.85	2.44	2.07	2.93	-8.33	-5.02	-3.75	-5.89	-3.8	-2.74	-2.11	-1.45
Price/Tangible Book Value High	0.67	1.27	1.57	2.38	3.01	2.76	3.74	-11.02	-6.52	-6	-7.03	-4.61	-3.81	-2.62	-1.9
Price/Tangible Book Value Low	0.47	0.52	1.12	1.45	1.78	1.41	2.08	-4.34	-3.32	-1.15	-4.49	-2.91	-1.67	-1.62	-0.93
Price/Sales	0.36	0.87	1.07	1.46	0.99	1.18	1.68	0.8	1.33	1.97	1.85	1.17	0.66	0.64	0.4
Price/Sales Average	0.36	0.65	0.92	1.16	1.32	0.94	1.4	1.32	1.05	1.41	1.75	1.25	0.92	0.62	0.48
Price/Sales High	0.47	0.88	1.09	1.5	1.62	1.25	1.78	1.74	1.36	2.26	2.09	1.52	1.28	0.77	0.63
Price/Sales Low	0.33	0.36	0.77	0.91	0.96	0.64	0.99	0.69	0.69	0.43	1.34	0.96	0.56	0.48	0.31
Price/Cash Flow	1.8	8.79	11.61	8.61	15.14	16.78	25.8	24.38	14.86	18.98	20.99	10.42	13.36	15.51	71.91
Price/Cash Flow Average	1.83	6.52	10.04	6.84	20.15	13.3	21.47	40.26	11.67	13.63	19.85	11.15	18.74	15.05	86.74
Price/Cash Flow High	2.36	8.9	11.82	8.81	24.84	17.79	27.39	53.29	15.15	21.81	23.72	13.52	26.09	18.75	113.65
Price/Cash Flow Low	1.65	3.66	8.43	5.39	14.7	9.09	15.23	20.98	7.73	4.16	15.14	8.52	11.45	11.62	55.57
Price/Free Cash Flow Average	1.83	6.87	10.4	7.04	20.58	13.56	21.95	41.01	11.82	13.63	20.17	12.48	22.34	17.9	86.74
Price/Free Cash Flow High	2.36	9.36	12.24	9.07	25.37	18.14	28	54.29	15.35	21.81	24.11	15.13	31.1	22.3	113.65
Price/Free Cash Flow Low	1.65	3.85	8.73	5.54	15.01	9.26	15.56	21.37	7.83	4.16	15.39	9.53	13.65	13.82	55.57
EV/Sales Average	0.82	1	1.2	1.37	1.59	1.23	1.71	2.53	1.94	2.72	2.82	2.22	1.96	1.63	1.53
EV/Sales High	0.92	1.24	1.36	1.7	1.9	1.55	2.1	2.95	2.25	3.57	3.16	2.48	2.32	1.79	1.68
EV/Sales Low	0.78	0.71	1.05	1.12	1.24	0.94	1.3	1.9	1.59	1.74	2.4	1.92	1.6	1.49	1.36
EV/EBITDA Average	7.22	9.99	9.74	10.4	10.85	11.21	13.78	19.99	11.73	50.32	18	11.11	12.81	11.67	13.26
EV/EBITDA High	8.14	12.35	11.07	12.94	12.94	14.08	16.88	23.36	13.62	65.99	20.18	12.45	15.17	12.76	14.55
EV/EBITDA Low	6.91	7.15	8.53	8.53	8.42	8.51	10.51	15.01	9.59	32.18	15.35	9.64	10.46	10.66	11.76
EV/EBIT Average	8.8	12.23	10.88	11.34	11.84	12.39	14.94	23.95	14.66	237.86	23.68	12.95	15.75	14.78	17.83
EV/EBIT High	9.92	15.11	12.37	14.11	14.11	15.57	18.3	27.99	17.02	311.98	26.55	14.51	18.66	16.16	19.57
EV/EBIT Low	8.42	8.75	9.53	9.29	9.19	9.4	11.39	17.98	11.99	152.11	20.19	11.23	12.87	13.49	15.81
Last Price	17.16	41.67	52.76	74.54	56.95	84.85	135.21	70.51	128.76	137.22	168.98	134.59	84.89	89.8	57.69
High Price	22.5	42.16	53.71	76.29	93.4	89.97	143.53	154.14	131.27	157.67	190.97	174.74	165.85	108.57	91.18
Enterprise Value Average	1,329	1,639	2,092	2,350	2,887	2,466	3,735	7,497	8,270	7,849	10,964	10,325	9,245	8,113	7,703
Enterprise Value High	1,498	2,025	2,378	2,925	3,443	3,099	4,576	8,761	9,600	10,295	12,292	11,563	10,951	8,870	8,456
Enterprise Value Low	1,271	1,172	1,833	1,926	2,242	1,871	2,848	5,627	6,763	5,020	9,349	8,951	7,553	7,409	6,830

Shares Outstanding	34	35	35	32	30	27	26	46	42	41	42	37	35	35	34
Diluted Weighted Avg Shares	34	36	37	35	32	28	28	34	45	41	43	45	44	42	35
Basic Weighted Avg Shares	34	34	35	34	31	28	27	34	44	41	43	40	36	35	35
Revenue per Share	48.19	47.65	49.46	50.97	57.51	71.73	80.55	88.5	96.6	69.79	91.3	115.25	129.51	140.31	144.18
EBITDA per Share	5.46	4.77	6.08	6.71	8.45	7.89	10	11.18	15.99	3.77	14.29	23	19.78	19.63	16.65
Operating Income per Share	4.48	3.9	5.44	6.16	7.75	7.14	9.23	9.33	12.79	0.8	10.87	19.73	16.08	15.51	12.38
Basic EPS, GAAP	-5.1	0.2	2.25	2.4	3.9	4.38	8.67	1.64	3.13	-6.65	1.15	9.68	6.96	6.16	-8.83
Basic EPS from Cont Ops	-5.1	0.2	2.25	2.4	3.9	4.38	8.67	1.55	3.22	-6.19	1.24	9.68	6.9	6.13	-8.8
Diluted EPS, GAAP	-5.1	0.19	2.18	2.33	3.82	4.29	8.48	1.61	3.09	-6.65	1.13	8.65	5.84	5.18	-8.83
Diluted EPS from Cont Ops	-5.1	0.19	2.18	2.33	3.82	4.29	8.48	1.52	3.18	-6.19	1.22	8.65	5.79	5.15	-8.8
Dividend per Share	1.9	- -	- -	0.24	0.76	1.22	1.4	1.52	1.84	1.09	0.54	2.45	2.9	3.02	3.15
Cash Flow per Share	9.53	4.74	4.54	8.66	3.76	5.06	5.24	2.89	8.66	7.23	8.05	12.92	6.36	5.79	0.8
Free Cash Flow per Basic Share	9.53	4.74	4.54	8.66	3.76	5.06	5.24	2.89	8.66	7.23	8.05	12.92	6.36	5.79	0.8
Cash & Equivalents per Share	3.26	2.99	5.65	10.29	5.62	5.28	15.09	6.89	6.51	12.67	8.03	12.97	6.79	5.56	11.63
Book Value per Share	-0.06	0.06	2.32	4.58	7.75	12.43	19.52	15.62	12.93	6.6	6.48	14.7	20.36	24.1	12.46
Tangible Book Value per Share	33.65	33.11	34.18	32.07	31.01	32.56	38.41	-13.98	-20.14	-26.29	-27.15	-37.87	-43.53	-41.41	-48.02

Marriott Vacations Worldwide Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)