(TNL) Travel + Leisure - Overview
Stock: Timeshares, Exchange, Membership, Financing, Rentals
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.04% |
| Yield on Cost 5y | 5.30% |
| Yield CAGR 5y | 15.70% |
| Payout Consistency | 97.7% |
| Payout Ratio | 49.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.9% |
| Relative Tail Risk | -14.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.82 |
| Alpha | 18.48 |
| Character TTM | |
|---|---|
| Beta | 1.339 |
| Beta Downside | 1.326 |
| Drawdowns 3y | |
|---|---|
| Max DD | 32.18% |
| CAGR/Max DD | 0.83 |
Description: TNL Travel + Leisure January 10, 2026
Travel + Leisure Co. (NYSE:TNL) operates two core segments: Vacation Ownership, which develops, markets and finances vacation ownership interests (VOIs) and provides resort property-management services; and Travel & Membership, which runs vacation-exchange brands, travel-technology platforms, membership programs, direct-to-consumer rentals, and private-label booking solutions. The company maintains a strategic alliance with Hornblower Group and rebranded from Wyndham Destinations in February 2021.
Key operating metrics show FY 2023 revenue of roughly $2.3 billion, with the Vacation Ownership segment contributing about 68 % of total sales and delivering an adjusted EBITDA margin near 22 %. The Travel & Membership segment posted a 12 % YoY revenue increase, driven by higher utilization of its proprietary booking technology and a 15 % rise in membership renewals.
Sector-level drivers remain the health of discretionary consumer spending and the cost of financing; rising interest rates have modestly pressured VOI financing volumes, while a rebound in domestic leisure travel and the shift toward “stay-cation” experiences continue to support demand for vacation-ownership products.
For a deeper quantitative view, you may find ValueRay’s model on TNL worth a look.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 411.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.23 > 1.0 |
| NWC/Revenue: 7.81% < 20% (prev 85.38%; Δ -77.56% < -1%) |
| CFO/TA 0.14 > 3% & CFO 967.0m > Net Income 411.0m |
| Net Debt (5.34b) to EBITDA (923.0m): 5.78 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.5m) vs 12m ago -5.27% < -2% |
| Gross Margin: 50.67% > 18% (prev 0.49%; Δ 5018 % > 0.5%) |
| Asset Turnover: 58.38% > 50% (prev 57.18%; Δ 1.20% > 0%) |
| Interest Coverage Ratio: 3.43 > 6 (EBITDA TTM 923.0m / Interest Expense TTM 234.0m) |
Altman Z'' 2.61
| A: 0.04 (Total Current Assets 1.68b - Total Current Liabilities 1.37b) / Total Assets 6.89b |
| B: 0.36 (Retained Earnings 2.51b / Total Assets 6.89b) |
| C: 0.12 (EBIT TTM 802.0m / Avg Total Assets 6.79b) |
| D: 0.32 (Book Value of Equity 2.44b / Total Liabilities 7.71b) |
| Altman-Z'' Score: 2.61 = A |
Beneish M -2.02
| DSRI: 0.97 (Receivables 2.77b/2.76b, Revenue 3.97b/3.83b) |
| GMI: 0.96 (GM 50.67% / 48.75%) |
| AQI: 2.89 (AQ_t 0.67 / AQ_t-1 0.23) |
| SGI: 1.04 (Revenue 3.97b / 3.83b) |
| TATA: -0.08 (NI 411.0m - CFO 967.0m) / TA 6.89b) |
| Beneish M-Score: -2.02 (Cap -4..+1) = BB |
What is the price of TNL shares?
Over the past week, the price has changed by +5.62%, over one month by -2.39%, over three months by +19.21% and over the past year by +32.82%.
Is TNL a buy, sell or hold?
- StrongBuy: 6
- Buy: 3
- Hold: 2
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the TNL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 78.3 | 6.6% |
| Analysts Target Price | 78.3 | 6.6% |
| ValueRay Target Price | 84.3 | 14.7% |
TNL Fundamental Data Overview February 04, 2026
P/E Forward = 10.3306
P/S = 1.17
Revenue TTM = 3.97b USD
EBIT TTM = 802.0m USD
EBITDA TTM = 923.0m USD
Long Term Debt = 5.56b USD (from longTermDebt, last quarter)
Short Term Debt = 603.0m USD (from shortTermDebt, last fiscal year)
Debt = 5.58b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.34b USD (from netDebt column, last quarter)
Enterprise Value = 9.98b USD (4.64b + Debt 5.58b - CCE 240.0m)
Interest Coverage Ratio = 3.43 (Ebit TTM 802.0m / Interest Expense TTM 234.0m)
EV/FCF = 12.46x (Enterprise Value 9.98b / FCF TTM 801.0m)
FCF Yield = 8.03% (FCF TTM 801.0m / Enterprise Value 9.98b)
FCF Margin = 20.19% (FCF TTM 801.0m / Revenue TTM 3.97b)
Net Margin = 10.36% (Net Income TTM 411.0m / Revenue TTM 3.97b)
Gross Margin = 50.67% ((Revenue TTM 3.97b - Cost of Revenue TTM 1.96b) / Revenue TTM)
Gross Margin QoQ = 55.17% (prev 49.71%)
Tobins Q-Ratio = 1.45 (Enterprise Value 9.98b / Total Assets 6.89b)
Interest Expense / Debt = 1.08% (Interest Expense 60.0m / Debt 5.58b)
Taxrate = 29.75% (47.0m / 158.0m)
NOPAT = 563.4m (EBIT 802.0m * (1 - 29.75%))
Current Ratio = 1.23 (Total Current Assets 1.68b / Total Current Liabilities 1.37b)
Debt / Equity = -6.79 (negative equity) (Debt 5.58b / totalStockholderEquity, last quarter -821.0m)
Debt / EBITDA = 5.78 (Net Debt 5.34b / EBITDA 923.0m)
Debt / FCF = 6.66 (Net Debt 5.34b / FCF TTM 801.0m)
Total Stockholder Equity = -864.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.05% (Net Income 411.0m / Total Assets 6.89b)
RoE = -47.56% (negative equity) (Net Income TTM 411.0m / Total Stockholder Equity -864.2m)
RoCE = 17.08% (EBIT 802.0m / Capital Employed (Equity -864.2m + L.T.Debt 5.56b))
RoIC = 11.94% (NOPAT 563.4m / Invested Capital 4.72b)
WACC = 5.34% (E(4.64b)/V(10.22b) * Re(10.85%) + D(5.58b)/V(10.22b) * Rd(1.08%) * (1-Tc(0.30)))
Discount Rate = 10.85% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.36%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈651.8m ; Y1≈804.0m ; Y5≈1.37b
Fair Price DCF = 536.9 (EV 39.88b - Net Debt 5.34b = Equity 34.54b / Shares 64.3m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -2.10 | EPS CAGR: -38.65% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.28 | Revenue CAGR: 4.98% | SUE: 1.05 | # QB: 2
EPS next Quarter (2026-03-31): EPS=1.29 | Chg30d=-0.004 | Revisions Net=+1 | Analysts=8
EPS next Year (2026-12-31): EPS=7.31 | Chg30d=-0.004 | Revisions Net=-1 | Growth EPS=+14.7% | Growth Revenue=+4.2%