TNL - NYSE
Travel + Leisure Co.
$69.87
-2.4%Travel + Leisure Co., together with its subsidiaries, provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts. The Travel and Membership segment operates various businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. As of January 26, 2022, it had approximately 245 vacation ownership resorts. It also offers private-label travel booking technology solutions. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.
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Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $873.9M | $1.2B | $1.6B | $2.2B | $3.0B | $4.1B | $5.7B | $7.7B | $10.6B | $14.4B |
| Maintenance CapEx | -$32.0M | -$43.6M | -$59.6M | -$81.4M | -$111.1M | -$151.7M | -$207.2M | -$282.9M | -$386.3M | -$527.5M |
| Owner Earnings | $842.0M | $1.1B | $1.6B | $2.1B | $2.9B | $4.0B | $5.5B | $7.5B | $10.2B | $13.9B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $779.6M | $985.7M | $1.2B | $1.6B | $2.0B | $2.5B | $3.2B | $4.0B | $5.1B | $6.4B |
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