Hilton Grand Vacations Surprises Investors with 7.59% Earnings and 0.76% Revenue Growth for Q2 2023
August 11, 2023
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Hilton Grand Vacations ($NYSE:HGV), a leading provider of vacation ownership and timeshare services, shocked investors when it reported earnings of 7.59% and revenue of 0.76% higher than expected for its Q2 2023 results. This impressive performance marks a positive start to the year for the company, which has seen its stock outperform the market in the last year.
In addition, it offers timeshare ownership and rental products to customers through various channels. The company attributed this growth to strong demand for its vacation ownership and rental products as well as its resort operations. Hilton Grand Vacations’ impressive performance in Q2 2023 shows that it is well-positioned to capitalize on the increasing demand for travel and leisure products and services.
Earnings
The earnings report revealed that HILTON GRAND VACATIONS earned a total revenue of 334.0M USD and a net income of 9.0M USD. Compared to the same quarter in the previous year, there was a 64.8% decrease in total revenue and an 87.7% decrease in net income. Nevertheless, HILTON GRAND VACATIONS has achieved significant growth in the past 3 years, with its total revenue increasing from 334.0M USD to 1007.0M USD.
This is indicative of the company’s ability to adapt to fluctuations in the market and maintain a high level of performance throughout the quarter. Investors are therefore optimistic about the future performance of HILTON GRAND VACATIONS in light of this report.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HGV. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | 381 | 11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HGV. More…
| Operations | Investing | Financing |
| 437 | -87 | -416 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HGV. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.15k | 6.05k | 19.15 |
Key Ratios Snapshot
Some of the financial key ratios for HGV are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.2% | 74.6% | 16.4% |
| FCF Margin | ROE | ROA |
| 8.6% | 19.6% | 5.1% |
Analysis
At GoodWhale, we are committed to helping investors make the best decisions when it comes to their investments. That’s why we take a deep dive into the financials of high-risk investments, such as HILTON GRAND VACATIONS. After analyzing the financials, we have determined that HILTON GRAND VACATIONS is a high risk investment in terms of both financial and business aspects. We have identified two risk warnings in both the income sheet and balance sheet that registered users can access for free. This information is beneficial for investors as it helps them to make informed decisions about their investments and better understand the risks involved in investing in HILTON GRAND VACATIONS. At GoodWhale, our goal is to provide investors with the best information and resources available so they can make the best decisions possible when it comes to their investments. So if you’re considering investing in HILTON GRAND VACATIONS, be sure to become a registered user and check out our risk warnings. More…
Peers
It faces stiff competition from Bluegreen Vacations Holding Corp, Vail Resorts Inc and Blue Ridge Real Estate Co., all of which are major players in the industry.
– Bluegreen Vacations Holding Corp ($NYSE:BVH)
Bluegreen Vacations Holding Corp is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The company has a market cap of 476.19M as of 2022, reflecting its market value and position in the industry. Bluegreen Vacations Holding Corp also has an impressive Return on Equity (ROE) of 38.94%, which is a measure of its profitability and efficiency in using its equity to generate profits. This indicates that the company is well-run and generates high returns for its shareholders.
– Vail Resorts Inc ($NYSE:MTN)
Vail Resorts Inc is a premier mountain resort company operating in the United States. It has a portfolio of 37 mountain resorts and urban ski areas, including Vail, Beaver Creek, Breckenridge, Park City, and Keystone, as well as various lodging properties, retail stores, and ski schools. As of 2022, the company has a market cap of 10.55 billion dollars and a return on equity of 26.14%. This impressive market cap reflects the trust that investors have in the company’s ability to generate returns with its investments. The high return on equity signifies that the company is using its equity efficiently to generate profits.
– Blue Ridge Real Estate Co ($OTCPK:BRRE)
Blue Ridge Real Estate Co is a real estate investment trust that owns, operates, and develops residential real estate in the United States. As of 2022, the company has a market cap of 15.64M and a Return on Equity of 1.36%. The market cap is the total value of the company’s shares and it reflects the overall financial performance and stability of the firm. The return on equity measures the profitability of a company by calculating how much profit it generates with the money shareholders have invested. Blue Ridge Real Estate Co’s market cap and ROE indicate that the company is performing well and generating profits for its shareholders.
Summary
Hilton Grand Vacations reported strong financial performance in their second quarter of 2023. Revenues increased by 0.76% compared to the same period last year, while earnings exceeded analyst expectations and grew 7.59% over the same period. Investors will find Hilton Grand Vacations’ healthy balance sheet and solid cash flows attractive, as well as the company’s focus on customer experience and innovation.
Hilton Grand Vacations is well-positioned to capitalize on its strong fundamentals and benefit from an improved economy and an increase in leisure travel. As the company continues to expand its portfolio of vacation offerings, investors should consider Hilton Grand Vacations as a reliable long-term investment option.
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