$75.19

+0.56 (+0.75%)

Weekly Expected Move ±7.7%

$60 $65 $71 $76 $82

NYSE · Consumer Cyclical · Gambling, Resorts & Casinos · Alpha Radar Buy · Power 57 · $2.6B mcap · 28M float · 2.04% daily turnover · Short 65% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

25.2 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 5.7% · 5Y Avg: 4.3%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. VAC has No discernible competitive edge (25.2/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 5.7% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$70

Low

$89

Avg Target

$103

High

Based on 3 analysts since May 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 12Hold: 2Sell: 4Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$85.67

Analysts6

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-06	Mizuho Securities	—	$126	$103	-23	+39.7%	$73.72
2026-05-06	Barclays	—	$97	$94	-3	+27.5%	$73.72
2026-05-05	Goldman Sachs	—	$62	$70	+8	-5.0%	$73.72
2026-04-30	Deutsche Bank	Chris Woronka	$95	$92	-3	+29.2%	$71.18
2026-04-10	Morgan Stanley	—	$52	$50	-2	-27.1%	$68.56
2026-03-02	Jefferies	David Katz	Initiated	$105	—	+55.8%	$67.38
2026-01-16	Morgan Stanley	Stephen Grambling	$70	$52	-18	-16.8%	$62.48
2025-11-14	Truist Financial	Patrick Scholes	$139	$81	-58	+76.1%	$46.01
2025-11-06	Stifel Nicolaus	Simon Yarmak	$101	$83	-18	+66.5%	$49.84
2025-10-22	Morgan Stanley	—	Initiated	$70	—	+1.2%	$69.18
2025-08-05	Stifel Nicolaus	—	$96	$101	+4	+38.4%	$72.98
2025-02-28	Barclays	—	$165	$97	-68	+28.6%	$75.44
2024-09-17	Goldman Sachs	Lizzie Dove	Initiated	$62	—	-16.1%	$73.92
2024-09-13	Stifel Nicolaus	Simon Yarmak	Initiated	$96	—	+31.3%	$73.50
2024-09-05	Truist Financial	Patrick Scholes	$159	$139	-20	+91.5%	$72.59
2024-08-06	Deutsche Bank	Chris Woronka	$192	$95	-97	+32.2%	$71.86
2024-07-19	Truist Financial	Patrick Scholes	$161	$159	-2	+80.0%	$88.34
2024-06-14	Mizuho Securities	Ben Chaiken	Initiated	$126	—	+43.1%	$88.06
2024-05-28	Truist Financial	Patrick Scholes	$202	$161	-41	+72.7%	$93.24
2022-08-12	Truist Financial	—	Initiated	$202	—	+37.7%	$146.68
2022-08-10	Barclays	—	Initiated	$165	—	+13.0%	$146.01
2022-08-10	Deutsche Bank	—	$188	$192	+4	+33.8%	$143.55
2022-06-17	Deutsche Bank	—	$202	$188	-14	+65.1%	$113.86
2022-05-17	Deutsche Bank	—	Initiated	$202	—	+38.6%	$145.74

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. VAC receives an overall rating of C. Strongest factors: P/B (4/5). Areas of concern: DCF (2/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-05-08	D+	C
2026-05-05	C	D+
2026-03-24	C-	C
2026-03-03	C	C-
2026-02-27	C-	C
2026-02-26	B	C-
2026-02-24	B+	B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 10 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. VAC scores highest in Value (57/100) and lowest in Profitability (11/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.07

Distress Zone

Piotroski F-Score

4/9

✗ ✓ ✗ ✓ ✗ ✓ ✓ ✗ ✗

Beneish M-Score

-1.51

Possible Manipulator

Ohlson O-Score

-5.79

Bankruptcy prob: 0.3%

Low Risk

Credit Rating

B+

Score: 32.2/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -0.05x

Accruals: -3.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. VAC scores 1.07, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. VAC scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. VAC's score of -1.51 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. VAC's implied 0.3% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. VAC receives an estimated rating of B+ (score: 32.2/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-7.67x

PEG

0.03x

P/S

0.56x

P/B

1.32x

P/FCF

-64.93x

P/OCF

142.04x

EV/EBITDA

-110.50x

EV/Revenue

1.57x

EV/EBIT

-34.56x

EV/FCF

-208.36x

Earnings Yield

-15.05%

FCF Yield

-1.54%

Shareholder Yield

5.94%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. VAC currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.961

NI / EBT

Interest Burden

1.687

EBT / EBIT

EBIT Margin

-0.045

EBIT / Rev

Asset Turnover

0.474

Rev / Assets

Equity Multiplier

4.411

Assets / Equity

ROE

-15.4%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. VAC's ROE of -15.4% is driven by financial leverage (equity multiplier: 4.41x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.96 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Assessment

Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$75.12

Median 1Y

$65.00

5th Pctile

$27.03

95th Pctile

$155.88

Ann. Volatility

52.1%

Analyst Target

$85.67

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Stephen P. Weisz President and Chief Executive Officer	$955,000	$5,190,073	$8,657,276
John E. Geller, Jr. Executive Vice President and Chief Financial and Administrative Officer	$612,000	$1,749,920	$3,325,523
Brian E. Miller Executive Vice President and Chief Marketing, Sales and Service Officer	$711,000	$1,090,021	$2,514,041
R. Lee Cunningham Executive Vice President and Chief Operating Officer - Vacation Ownership	$480,000	$1,230,041	$2,379,726
Lizabeth Kane-Hanan Executive Vice President and Chief Development and Product Officer	$426,000	$1,055,016	$1,966,905

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

Revenue / Employee

—

Rev: $5,032,000,000

Profit / Employee

—

NI: $-308,000,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	-4.3%	-1.7%	1.7%	4.8%	9.4%	12.9%	14.3%	15.4%	13.7%	11.2%	10.4%	8.8%	6.6%	8.3%	9.0%	9.4%	10.7%	7.2%	-13.9%	-15.4%	-15.42%
ROA	-1.3%	-0.5%	0.5%	1.5%	2.9%	3.9%	4.1%	4.4%	3.9%	3.2%	2.6%	2.2%	1.7%	2.1%	2.2%	2.3%	2.7%	1.8%	-3.1%	-3.5%	-3.50%
ROIC	2.0%	-5.6%	2.7%	4.7%	6.9%	8.3%	8.6%	8.8%	8.1%	5.9%	4.7%	4.1%	3.4%	14.8%	15.8%	15.4%	15.2%	4.9%	6.1%	5.7%	5.67%
ROCE	0.8%	2.4%	3.5%	5.1%	6.7%	7.9%	9.1%	9.3%	8.9%	7.7%	6.9%	6.7%	5.7%	6.4%	5.7%	5.7%	6.5%	4.6%	-1.7%	-2.2%	-2.21%
Gross Margin	39.1%	39.3%	39.8%	57.1%	61.8%	43.5%	60.2%	58.6%	58.4%	33.6%	39.1%	39.0%	37.7%	91.3%	36.3%	40.1%	39.1%	48.4%	14.7%	13.5%	13.52%
Operating Margin	12.0%	15.0%	15.0%	24.0%	28.7%	19.4%	28.2%	24.0%	25.6%	0.0%	11.9%	11.9%	10.1%	69.1%	10.5%	12.3%	12.1%	13.1%	10.1%	8.9%	8.91%
Net Margin	0.6%	1.0%	5.5%	7.9%	16.2%	8.7%	10.6%	10.8%	10.9%	3.5%	2.9%	3.9%	3.2%	6.4%	3.8%	4.7%	5.5%	-0.2%	-32.6%	1.8%	1.75%
EBITDA Margin	11.7%	12.7%	12.7%	24.0%	28.7%	18.8%	28.2%	24.0%	25.6%	11.4%	14.9%	15.1%	11.1%	14.9%	10.2%	15.0%	15.2%	4.8%	-31.5%	9.8%	9.79%
FCF Margin	16.0%	11.9%	7.6%	12.5%	9.5%	9.1%	12.5%	6.7%	6.1%	4.7%	2.8%	4.3%	3.3%	2.5%	3.0%	3.1%	1.4%	1.4%	-0.6%	-0.8%	-0.75%
OCF Margin	16.6%	12.6%	8.8%	13.8%	11.1%	10.7%	14.3%	9.2%	8.9%	8.0%	5.8%	6.5%	5.0%	3.9%	4.1%	4.2%	2.6%	2.7%	0.6%	0.3%	0.34%
ROE 3Y Avg	snapshot only																				0.37%
ROE 5Y Avg	snapshot only																				4.50%
ROA 3Y Avg	snapshot only																				0.34%
ROIC 3Y Avg	snapshot only																				3.68%
ROIC Economic	snapshot only																				5.19%
Cash ROA	snapshot only																				0.16%
Cash ROIC	snapshot only																				0.23%
CROIC	snapshot only																				-0.50%
NOPAT Margin	snapshot only																				8.57%
Pretax Margin	snapshot only																				-7.68%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				25.79%
SBC / Revenue	snapshot only																				1.42%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	-51.12	-124.84	134.23	50.16	18.36	13.14	13.46	13.03	13.21	13.14	13.26	19.99	21.71	14.61	16.78	11.63	11.52	13.43	-6.54	-6.65	-7.673
P/S Ratio	1.97	1.73	1.69	1.75	1.31	1.22	1.44	1.47	1.33	1.11	0.84	0.97	0.74	0.61	0.74	0.53	0.59	0.51	0.44	0.49	0.557
P/B Ratio	2.33	2.31	2.21	2.28	1.64	1.61	2.11	2.19	1.98	1.62	1.41	1.80	1.47	1.25	1.50	1.08	1.22	0.95	1.01	1.14	1.317
P/FCF	12.32	14.56	22.22	14.02	13.75	13.44	11.52	21.88	21.86	23.72	29.54	22.76	22.70	24.92	24.71	17.03	42.64	36.87	-69.43	-64.93	-64.934
P/OCF	11.90	13.78	19.18	12.73	11.78	11.39	10.08	15.95	14.92	13.86	14.52	15.01	14.69	15.78	17.84	12.57	22.61	19.04	71.91	142.04	142.043
EV/EBITDA	49.84	29.32	24.54	19.29	13.02	11.25	10.98	11.02	10.79	11.03	11.53	13.03	13.56	11.60	13.68	12.08	11.48	13.54	-781.49	-110.50	-110.495
EV/Revenue	3.21	2.83	2.76	2.82	2.42	2.27	2.67	2.68	2.54	2.34	2.06	2.09	1.78	1.63	1.75	1.54	1.58	1.60	1.54	1.57	1.572
EV/EBIT	154.89	50.25	36.85	25.51	16.15	13.49	12.90	12.88	12.72	13.31	14.20	16.30	17.60	14.75	17.76	15.68	14.60	18.75	-44.52	-34.56	-34.563
EV/FCF	20.06	23.81	36.22	22.60	25.45	25.08	21.37	39.89	41.78	50.20	72.50	48.81	54.50	66.08	58.68	49.47	114.47	116.68	-242.53	-208.36	-208.363
Earnings Yield	-2.0%	-0.8%	0.7%	2.0%	5.4%	7.6%	7.4%	7.7%	7.6%	7.6%	7.5%	5.0%	4.6%	6.8%	6.0%	8.6%	8.7%	7.4%	-15.3%	-15.0%	-15.05%
FCF Yield	8.1%	6.9%	4.5%	7.1%	7.3%	7.4%	8.7%	4.6%	4.6%	4.2%	3.4%	4.4%	4.4%	4.0%	4.0%	5.9%	2.3%	2.7%	-1.4%	-1.5%	-1.54%
PEG Ratio	snapshot only																				0.035
EV/OCF	snapshot only																				455.793
EV/Gross Profit	snapshot only																				5.862
Acquirers Multiple	snapshot only																				14.498
Shareholder Yield	snapshot only																				5.94%

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	5.40	5.40	3.04	3.04	3.04	3.04	3.03	3.03	3.03	3.03	3.05	3.05	3.05	3.05	3.14	3.14	3.14	3.14	17.74	17.74	17.743
Quick Ratio	4.29	4.29	2.47	2.47	2.47	2.47	2.53	2.53	2.53	2.53	2.56	2.56	2.56	2.56	2.58	2.58	2.58	2.58	17.74	17.74	17.743
Debt/Equity	1.66	1.66	1.51	1.51	1.51	1.51	2.01	2.01	2.01	2.01	2.16	2.16	2.16	2.16	2.14	2.14	2.14	2.14	2.89	2.89	2.887
Net Debt/Equity	1.46	1.46	1.39	1.39	1.39	1.39	1.80	1.80	1.80	1.80	2.06	2.06	2.06	2.06	2.06	2.06	2.06	2.06	2.52	2.52	2.519
Debt/Assets	0.50	0.50	0.47	0.47	0.47	0.47	0.52	0.52	0.52	0.52	0.53	0.53	0.53	0.53	0.53	0.53	0.53	0.53	0.59	0.59	0.590
Debt/EBITDA	21.81	12.92	10.27	7.93	6.48	5.65	5.65	5.55	5.74	6.49	7.18	7.31	8.31	7.59	8.23	8.23	7.49	9.62	-639.22	-87.17	-87.167
Net Debt/EBITDA	19.22	11.38	9.49	7.32	5.99	5.22	5.06	4.97	5.15	5.82	6.83	6.96	7.91	7.22	7.92	7.92	7.20	9.26	-557.78	-76.06	-76.061
Interest Coverage	0.40	1.20	1.77	2.89	4.16	5.21	6.42	6.19	5.66	4.82	4.01	3.73	3.02	3.29	3.02	3.02	3.41	2.39	-0.93	-1.22	-1.220
Equity Multiplier	3.36	3.36	3.23	3.23	3.23	3.23	3.86	3.86	3.86	3.86	4.06	4.06	4.06	4.06	4.02	4.02	4.02	4.02	4.90	4.90	4.896
Cash Ratio	snapshot only																				3.490
Debt Service Coverage	snapshot only																				-0.382
Cash to Debt	snapshot only																				0.127
FCF to Debt	snapshot only																				-0.006
Defensive Interval	snapshot only																				1835.3 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.35	0.39	0.42	0.42	0.40	0.42	0.38	0.39	0.39	0.38	0.41	0.46	0.49	0.50	0.51	0.51	0.52	0.47	0.47	0.47	0.474
Inventory Turnover	2.60	2.75	3.20	2.91	2.55	2.64	2.43	2.45	2.48	2.60	3.38	4.00	4.56	3.52	3.50	3.49	3.56	4.01	8.23	9.24	9.235
Receivables Turnover	19.84	22.39	24.16	24.02	23.16	24.40	20.00	20.37	20.28	19.92	17.46	19.16	20.54	21.06	19.29	19.31	19.72	17.81	2.83	2.86	2.860
Payables Turnover	8.91	9.44	10.28	9.34	8.18	8.46	5.39	5.45	5.52	5.77	6.10	7.20	8.23	6.35	6.80	6.77	6.91	7.78	8.63	9.68	9.683
DSO	18	16	15	15	16	15	18	18	18	18	21	19	18	17	19	19	19	20	129	128	127.6 days
DIO	141	133	114	125	143	138	150	149	147	140	108	91	80	104	104	105	103	91	44	40	39.5 days
DPO	41	39	35	39	45	43	68	67	66	63	60	51	44	57	54	54	53	47	42	38	37.7 days
Cash Conversion Cycle	118	110	94	102	114	110	101	100	99	95	69	60	53	63	69	70	68	65	131	129	129.4 days
Fixed Asset Turnover	snapshot only																				4.882
Operating Cycle	snapshot only																				167.1 days
Cash Velocity	snapshot only																				6.327
Capital Intensity	snapshot only																				2.104

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	-15.3%	7.7%	34.8%	46.8%	19.0%	11.1%	-5.9%	-3.6%	-0.5%	-7.2%	9.5%	18.0%	27.1%	32.6%	24.0%	13.1%	7.7%	-5.2%	-7.8%	-6.7%	-6.72%
Net Income	-9.0%	70.1%	1.2%	1.7%	3.2%	8.4%	7.0%	2.1%	41.1%	-15.7%	-35.0%	-49.0%	-57.0%	-33.9%	-14.2%	6.1%	60.9%	-14.8%	-2.4%	-2.5%	-2.51%
EPS	-3.7%	71.8%	1.2%	1.6%	3.1%	8.5%	7.1%	2.4%	49.8%	-15.5%	-34.3%	-46.4%	-55.3%	-32.0%	-13.4%	6.6%	62.8%	2.8%	-2.7%	-2.8%	-2.81%
FCF	1.6%	35.5%	14.7%	46.4%	-29.5%	-15.2%	54.4%	-48.2%	-36.2%	-52.2%	-75.1%	-24.8%	-31.9%	-30.0%	29.8%	-17.6%	-54.5%	-47.1%	-1.2%	-1.2%	-1.23%
EBITDA	47.4%	4.2%	7.5%	6.2%	2.4%	1.3%	1.0%	59.9%	26.4%	-2.5%	-19.3%	-22.2%	-29.3%	-12.4%	-11.4%	-9.8%	12.8%	-19.9%	-1.0%	-1.1%	-1.10%
Op. Income	-46.3%	98.8%	13.0%	67.6%	3.5%	1.5%	93.5%	47.8%	19.0%	-22.6%	-39.1%	-45.7%	-54.8%	1.0%	1.4%	1.6%	2.4%	-58.2%	-58.5%	-61.4%	-61.43%
OCF Growth	snapshot only																				-92.38%
Asset Growth	snapshot only																				-0.52%
Equity Growth	snapshot only																				-18.39%
Debt Growth	snapshot only																				10.11%
Shares Change	snapshot only																				-16.90%
Dividend Growth	snapshot only																				1.85%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	13.7%	13.9%	9.4%	3.8%	-1.7%	-2.6%	-5.5%	-4.6%	0.1%	3.5%	11.6%	18.6%	14.6%	11.0%	8.5%	8.7%	10.9%	5.3%	7.8%	7.6%	7.55%
Revenue 5Y	11.7%	14.4%	16.4%	15.4%	13.8%	14.0%	13.4%	12.9%	11.7%	8.7%	6.2%	4.9%	3.7%	2.6%	2.7%	3.0%	6.5%	6.9%	9.7%	12.0%	11.97%
EPS 3Y	—	—	18.1%	83.6%	63.4%	49.9%	41.8%	2.7%	—	—	—	—	—	—	66.4%	24.2%	2.9%	-16.1%	—	—	—
EPS 5Y	—	—	-25.7%	-11.0%	1.4%	7.5%	2.5%	2.5%	3.6%	19.1%	54.4%	61.9%	23.9%	14.1%	10.2%	94.8%	—	—	—	—	—
Net Income 3Y	—	—	14.1%	85.9%	65.0%	49.9%	41.5%	2.7%	—	—	—	—	—	—	64.5%	18.9%	-0.8%	-22.0%	—	—	—
Net Income 5Y	—	—	-18.6%	-0.8%	12.2%	17.6%	12.2%	13.0%	13.9%	25.9%	50.4%	59.1%	22.2%	13.5%	9.6%	95.2%	—	—	—	—	—
EBITDA 3Y	-6.7%	24.5%	16.9%	19.9%	19.3%	18.2%	21.3%	46.1%	85.5%	1.3%	—	1.1%	45.2%	25.7%	13.3%	3.9%	0.3%	-11.9%	—	—	—
EBITDA 5Y	-2.5%	8.5%	12.2%	17.3%	20.4%	22.2%	27.5%	28.2%	28.6%	34.4%	21.3%	16.5%	8.7%	7.1%	5.0%	17.0%	38.5%	52.9%	—	—	—
Gross Profit 3Y	5.5%	11.3%	9.6%	7.6%	4.4%	3.8%	4.2%	7.3%	16.7%	23.8%	37.2%	44.3%	23.8%	28.6%	20.9%	16.0%	13.9%	-1.4%	-7.8%	-15.1%	-15.14%
Gross Profit 5Y	6.8%	12.3%	15.0%	16.7%	17.5%	17.8%	20.6%	20.9%	20.4%	16.3%	10.5%	6.4%	2.3%	8.3%	8.0%	9.4%	16.0%	13.5%	17.2%	15.5%	15.55%
Op. Income 3Y	-13.4%	7.8%	12.6%	20.9%	24.1%	21.1%	21.9%	25.8%	41.9%	57.7%	1.5%	2.8%	34.0%	58.9%	41.0%	28.3%	21.8%	-13.0%	-15.6%	-18.0%	-17.99%
Op. Income 5Y	-5.1%	8.1%	14.0%	21.2%	24.3%	25.3%	29.6%	28.6%	28.1%	19.8%	11.0%	7.2%	0.6%	22.8%	21.3%	23.3%	34.1%	27.3%	74.8%	1.2%	1.24%
FCF 3Y	45.2%	53.5%	73.2%	1.1%	1.0%	31.9%	10.8%	11.8%	5.6%	-18.1%	-23.8%	-17.1%	-32.6%	-34.3%	-20.6%	-31.5%	-41.7%	-43.9%	—	—	—
FCF 5Y	98.5%	46.7%	22.9%	27.7%	28.2%	32.7%	31.6%	21.2%	6.6%	7.9%	14.9%	28.1%	29.1%	-5.1%	-15.1%	-2.8%	-18.3%	-27.3%	—	—	—
OCF 3Y	40.7%	47.3%	52.1%	73.3%	63.2%	26.0%	11.0%	13.9%	9.4%	-6.8%	-8.1%	-7.6%	-22.9%	-24.9%	-15.8%	-26.6%	-31.6%	-33.8%	-62.3%	-64.0%	-64.00%
OCF 5Y	58.8%	35.0%	19.6%	24.8%	25.4%	28.5%	29.7%	23.4%	12.2%	16.0%	18.9%	22.8%	20.2%	-2.2%	-11.7%	-2.0%	-12.2%	-19.5%	-37.7%	-46.4%	-46.38%
Assets 3Y	46.2%	46.2%	2.2%	2.2%	2.2%	2.2%	1.5%	1.5%	1.5%	1.5%	2.8%	2.8%	2.8%	2.8%	0.7%	0.7%	0.7%	0.7%	0.4%	0.4%	0.41%
Assets 5Y	30.0%	30.0%	32.1%	32.1%	32.1%	32.1%	27.6%	27.6%	27.6%	27.6%	1.4%	1.4%	1.4%	1.4%	1.3%	1.3%	1.3%	1.3%	1.9%	1.9%	1.86%
Equity 3Y	36.6%	36.6%	-4.9%	-4.9%	-4.9%	-4.9%	-6.1%	-6.1%	-6.1%	-6.1%	-3.5%	-3.5%	-3.5%	-3.5%	-6.4%	-6.4%	-6.4%	-6.4%	-7.2%	-7.2%	-7.23%
Book Value 3Y	16.6%	24.1%	-1.6%	-6.1%	-5.8%	-4.9%	-5.9%	-8.2%	-7.7%	-7.7%	-3.8%	-4.1%	-2.3%	-2.3%	-5.3%	-2.2%	-2.9%	0.7%	-0.5%	0.5%	0.52%
Dividend 3Y	—	—	-17.2%	—	—	—	63.0%	10.5%	0.3%	0.3%	1.9%	-0.0%	2.2%	2.2%	1.5%	5.1%	4.3%	16.5%	8.2%	9.0%	9.02%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.55	0.57	0.52	0.36	0.44	0.46	0.36	0.34	0.67	0.83	0.70	0.40	0.22	0.07	0.10	0.24	0.69	0.74	0.87	0.88	0.884
Earnings Stability	0.70	0.60	0.32	0.22	0.03	0.01	0.01	0.08	0.16	0.26	0.27	0.42	0.39	0.36	0.30	0.44	0.52	0.38	0.00	0.01	0.015
Margin Stability	0.89	0.89	0.82	0.79	0.82	0.81	0.73	0.71	0.75	0.77	0.72	0.72	0.77	0.82	0.84	0.85	0.80	0.79	0.70	0.64	0.637
Rev. Growth Consistency	0.00	0.50	0.50	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0
Earnings Persistence	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.86	0.80	0.50	0.86	0.94	0.98	0.50	0.94	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	0.00	0.00	0.66	0.83	0.58	0.35	0.20	0.59	0.85	0.94	0.53	0.84	—	—	—
ROE Trend	-0.04	-0.01	0.05	0.08	0.13	0.16	0.20	0.18	0.13	0.07	0.02	-0.02	-0.05	-0.04	-0.04	-0.04	-0.00	-0.03	-0.25	-0.26	-0.263
Gross Margin Trend	-0.07	-0.01	0.05	0.12	0.16	0.17	0.23	0.22	0.15	0.09	-0.00	-0.07	-0.14	0.03	0.02	0.04	0.06	-0.12	-0.15	-0.20	-0.198
FCF Margin Trend	0.13	0.05	-0.01	0.04	-0.01	-0.02	0.04	-0.06	-0.07	-0.06	-0.07	-0.05	-0.05	-0.04	-0.05	-0.02	-0.03	-0.02	-0.04	-0.04	-0.045
Sustainable Growth Rate	—	—	0.9%	2.2%	5.9%	9.5%	10.7%	11.5%	9.9%	7.4%	6.1%	4.4%	2.2%	3.9%	4.6%	4.9%	6.2%	1.5%	—	—	—
Internal Growth Rate	—	—	0.3%	0.7%	1.8%	3.0%	3.1%	3.4%	2.9%	2.2%	1.6%	1.1%	0.6%	1.0%	1.2%	1.2%	1.6%	0.4%	—	—	—

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	-4.30	-9.06	7.00	3.94	1.56	1.15	1.34	0.82	0.89	0.95	0.91	1.33	1.48	0.93	0.94	0.93	0.51	0.71	-0.09	-0.05	-0.047
FCF/OCF	0.97	0.95	0.86	0.91	0.86	0.85	0.88	0.73	0.68	0.58	0.49	0.66	0.65	0.63	0.72	0.74	0.53	0.52	-1.04	-2.19	-2.188
FCF/Net Income	snapshot only																				0.102
CapEx/Revenue	0.6%	0.7%	1.2%	1.3%	1.6%	1.6%	1.8%	2.5%	2.8%	3.3%	2.9%	2.2%	1.8%	1.4%	1.1%	1.1%	1.2%	1.3%	1.2%	1.1%	1.10%
CapEx/Depreciation	snapshot only																				0.352
Accruals Ratio	-0.07	-0.05	-0.03	-0.04	-0.02	-0.01	-0.01	0.01	0.00	0.00	0.00	-0.01	-0.01	0.00	0.00	0.00	0.01	0.01	-0.03	-0.04	-0.037
Sloan Accruals	snapshot only																				0.059
Cash Flow Adequacy	snapshot only																				0.099

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	0.0%	0.0%	0.3%	1.1%	2.0%	2.0%	1.9%	1.9%	2.1%	2.6%	3.1%	2.5%	3.1%	3.6%	2.9%	4.1%	3.7%	5.9%	5.5%	4.8%	4.23%
Dividend/Share	$0.00	$0.00	$0.53	$1.50	$2.11	$2.26	$2.30	$2.34	$2.37	$2.40	$2.49	$2.51	$2.54	$2.54	$2.54	$2.57	$2.61	$3.90	$3.15	$3.15	$3.18
Payout Ratio	—	—	46.9%	53.3%	37.0%	26.9%	25.3%	24.8%	27.8%	33.9%	41.7%	49.5%	66.5%	52.7%	49.1%	47.6%	42.1%	78.6%	—	—	—
FCF Payout Ratio	0.0%	0.0%	7.8%	14.9%	27.7%	27.5%	21.7%	41.6%	46.0%	61.2%	93.0%	56.4%	69.5%	89.9%	72.3%	69.7%	1.6%	2.2%	—	—	—
Total Payout Ratio	—	—	2.4%	2.0%	1.8%	1.9%	2.0%	1.8%	1.8%	1.7%	1.5%	1.6%	1.7%	93.6%	74.8%	77.5%	63.7%	1.1%	—	—	—
Div. Increase Streak	—	—	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	—	—	-0.49	—	—	—	3.32	0.46	0.08	0.09	0.10	0.04	0.06	0.06	0.04	0.06	0.06	0.33	0.08	0.07	0.067
Buyback Yield	0.3%	0.3%	1.4%	2.9%	8.0%	12.6%	13.3%	12.1%	11.2%	10.4%	8.5%	5.4%	4.6%	2.8%	1.5%	2.6%	1.9%	2.0%	3.0%	1.1%	1.10%
Net Buyback Yield	0.3%	0.3%	1.4%	2.9%	8.0%	12.6%	13.3%	12.1%	11.2%	10.4%	8.5%	5.4%	4.6%	2.8%	1.5%	2.6%	1.9%	2.0%	3.0%	1.1%	1.10%
Total Shareholder Return	0.3%	0.3%	1.8%	4.0%	10.0%	14.6%	15.2%	14.0%	13.3%	13.0%	11.6%	7.9%	7.6%	6.4%	4.5%	6.7%	5.5%	7.9%	8.5%	5.9%	5.94%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	1.25	-1.48	0.39	0.53	0.67	0.72	0.67	0.68	0.64	0.64	0.64	0.61	0.62	0.84	0.92	0.88	0.85	0.68	1.03	0.96	0.961
Interest Burden (EBT/EBIT)	-1.49	0.17	0.44	0.59	0.71	0.77	0.77	0.80	0.78	0.75	0.68	0.62	0.54	0.46	0.49	0.53	0.56	0.65	1.89	1.69	1.687
EBIT Margin	0.02	0.06	0.07	0.11	0.15	0.17	0.21	0.21	0.20	0.18	0.15	0.13	0.10	0.11	0.10	0.10	0.11	0.09	-0.03	-0.05	-0.045
Asset Turnover	0.35	0.39	0.42	0.42	0.40	0.42	0.38	0.39	0.39	0.38	0.41	0.46	0.49	0.50	0.51	0.51	0.52	0.47	0.47	0.47	0.474
Equity Multiplier	3.19	3.19	3.29	3.29	3.29	3.29	3.52	3.52	3.52	3.52	3.96	3.96	3.96	3.96	4.04	4.04	4.04	4.04	4.41	4.41	4.411

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$-2.76	$-1.12	$1.12	$2.82	$5.70	$8.39	$9.09	$9.46	$8.54	$7.09	$5.98	$5.07	$3.82	$4.82	$5.18	$5.40	$6.21	$4.96	$-8.83	$-9.80	$-9.80
Book Value/Share	$60.53	$60.66	$68.26	$62.13	$64.00	$68.57	$58.05	$56.22	$56.99	$57.64	$56.05	$56.45	$56.45	$56.58	$58.00	$58.14	$58.56	$69.97	$57.11	$57.11	$57.08
Tangible Book/Share	$-25.53	$-25.58	$-26.77	$-24.36	$-25.10	$-26.89	$-35.63	$-34.50	$-34.98	$-35.38	$-37.39	$-37.65	$-37.65	$-37.74	$-34.80	$-34.88	$-35.13	$-41.98	$-48.02	$-48.02	$-48.02
Revenue/Share	$71.55	$80.94	$89.22	$80.73	$80.17	$90.51	$85.12	$83.96	$84.73	$84.18	$94.28	$104.22	$111.73	$114.82	$117.98	$118.38	$121.77	$131.38	$131.26	$132.89	$132.89
FCF/Share	$11.46	$9.61	$6.79	$10.08	$7.61	$8.20	$10.63	$5.63	$5.16	$3.93	$2.68	$4.45	$3.65	$2.83	$3.52	$3.69	$1.68	$1.81	$-0.83	$-1.00	$-1.00
OCF/Share	$11.87	$10.16	$7.87	$11.11	$8.88	$9.68	$12.14	$7.73	$7.56	$6.72	$5.46	$6.75	$5.64	$4.47	$4.87	$5.00	$3.17	$3.50	$0.80	$0.46	$0.46
Cash/Share	$11.96	$11.99	$7.84	$7.14	$7.35	$7.88	$12.19	$11.80	$11.96	$12.10	$5.84	$5.88	$5.88	$5.89	$4.68	$4.69	$4.72	$5.64	$21.00	$21.00	$7.68
EBITDA/Share	$4.61	$7.80	$10.02	$11.82	$14.88	$18.29	$20.67	$20.38	$19.98	$17.88	$16.87	$16.68	$14.67	$16.10	$15.08	$15.12	$16.74	$15.56	$-0.26	$-1.89	$-1.89
Debt/Share	$100.59	$100.82	$102.91	$93.67	$96.49	$103.39	$116.88	$113.20	$114.75	$116.07	$121.06	$121.92	$121.92	$122.21	$124.11	$124.40	$125.30	$149.71	$164.84	$164.84	$164.84
Net Debt/Share	$88.63	$88.83	$95.07	$86.53	$89.14	$95.51	$104.70	$101.40	$102.79	$103.97	$115.22	$116.04	$116.04	$116.32	$119.43	$119.71	$120.58	$144.07	$143.84	$143.84	$143.84

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.074
Altman Z-Prime	snapshot only																				2.671
Piotroski F-Score	4	6	7	7	7	8	7	6	5	4	6	7	7	7	6	8	8	5	4	4	4
Beneish M-Score	-2.89	-2.88	6.36	10.76	12.80	8.71	-2.65	-2.41	-2.37	-2.26	-1.97	-2.01	-2.03	-2.73	-2.38	-2.45	-2.39	-1.81	-1.76	-1.51	-1.513
Ohlson O-Score	snapshot only																				-5.794
Net-Net WC	snapshot only																				$-115.70
EVA	snapshot only																				$-303930000.00

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				B+
Credit Score	37.13	39.30	41.60	45.79	47.78	53.34	55.22	52.73	53.22	47.27	46.86	45.19	45.38	45.40	45.76	45.37	46.32	41.97	33.05	32.23	32.227
Credit Grade	snapshot only																				14
Credit Trend	snapshot only																				-13.142
Implied Spread (bps)	snapshot only																				650.000
Industry Credit Rank	snapshot only																				29
Sector Credit Rank	snapshot only																				20

VAC NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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