Value Sense
HGV
Hilton Grand Vacations Inc. (HGV)
Last Price$35.9(4.3%)
Market Cap$3,660.2M
LTM Revenue
$4,981.0M
+25.2% YoY
LTM Net Income
$172.0M
-45.0% YoY
LTM Net Debt
($228.0M)
Net Debt to FCF - (1.2x)
LTM Free Cash Flow (FCF)
$183.0M
3.7% margin

HGV Income Statement

HGV Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Revenue
$4,981.0M 25.2% YoY
Gross profit
$4,981.0M 305.3% YoY
100.0% margin
Operating income
$458.0M (33.0%) YoY
9.2% margin
Other: $7,000.0K
Net interest: $329.0M
Operating expenses
$4,523.0M 268.0% YoY
Pre-tax income
$136.0M (69.7%) YoY
2.7% margin
Net income
$47.0M (85.0%) YoY
0.9% margin
Income tax
$76.0M
(55.9%) tax rate
SG&A
$836.0M 1.0% YoY
16.8% of revenue

HGV Income statement key metrics

Annual
Quarterly
LTM

Revenue

$4,981.0M +25.2% YoY

Operating Income

$458.0M -33.0% YoY

Net Income

$47.0M -85.0% YoY

HGV Balance Sheet

HGV Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$11.4B
Current assets ($6,456.0M, 56.4% of total)
Cash & ST investments
$328.0M (2.9%)
Accounts receivables
$3,350.0M (29.3%)
Other current assets
$2,778.0M (24.3%)
Non-current assets ($4,986.0M, 43.6% of total)
Intangible assets
$1,787.0M (15.6%)
Other non-current assets
$2,150.0M (18.8%)
Financial position
Net Debt
($228.0M)
$328.0M$100.0M
Cash & Short-term Investments
Total Debt
Quick ratio
2.8x
Net Debt to Free Cash Flow
(0.7x)
Debt to Equity ratio
5.3%

HGV Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$11.4B +31.7% YoY

Liabilities

$9,547.0M +45.3% YoY

Shareholder's Equity

$1,895.0M -10.4% YoY

HGV Cash Flow Statement

HGV Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$885.0M$309.0M($1,571.0M)$1,156.0M($13.0M)$766.0M

HGV Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$309.0M -46.4% YoY

Capital Expenditure (CAPEX)

$0.0 +68.0% YoY

Free Cash Flow (FCF)

$309.0M -63.5% YoY

HGV Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Revenue
% growth
1,224.0
0.0%
1,317.0
7.6%
1,475.0
12.0%
1,583.0
7.3%
1,711.0
8.1%
1,999.0
16.8%
1,838.0
(8.1%)
894.0
(51.4%)
2,335.0
161.2%
3,835.0
64.2%
3,978.0
3.7%
4,981.0
25.2%
Cost of Goods Sold (COGS)833.0884.01,001.01,064.01,154.01,314.01,260.0742.01,480.02,560.02,749.00.0
Gross Profit
% margin
391.0
31.9%
433.0
32.9%
474.0
32.1%
519.0
32.8%
557.0
32.6%
685.0
34.3%
578.0
31.4%
152.0
17.0%
855.0
36.6%
1,275.0
33.2%
1,229.0
30.9%
4,981.0
100.0%
Operating Expenses142.0120.0153.0196.0220.0251.0263.0188.0357.0580.01,229.04,523.0
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)126.0102.0131.0172.0191.0215.0212.0143.0231.0336.0828.0836.0
Operating Income
% margin
249.0
20.3%
313.0
23.8%
321.0
21.8%
323.0
20.4%
337.0
19.7%
434.0
21.7%
316.0
17.2%
(28.0)
(3.1%)
482.0
20.6%
707.0
18.4%
684.0
17.2%
458.0
9.2%
Interest Income112.00.0117.00.00.00.043.043.0105.0142.00.00.0
Interest Expense48.036.029.029.027.030.043.043.0105.0142.0178.0329.0
Pre-tax Income218.0280.0292.0293.0311.0403.0273.0(280.0)269.0481.0449.0136.0
Income Tax
% effective tax rate
90.0
41.3%
113.0
40.4%
118.0
40.4%
125.0
42.7%
(16.0)
(5.1%)
105.0
26.1%
57.0
20.9%
(79.0)
28.2%
93.0
34.6%
129.0
26.8%
136.0
30.3%
(76.0)
(55.9%)
Net Income
% margin
128.0
10.5%
167.0
12.7%
174.0
11.8%
168.0
10.6%
327.0
19.1%
298.0
14.9%
216.0
11.8%
(201.0)
(22.5%)
176.0
7.5%
352.0
9.2%
313.0
7.9%
47.0
0.9%
EPS1.291.691.761.703.303.072.43(2.36)1.762.982.840.46
Diluted EPS1.291.691.761.703.283.042.42(2.36)1.742.932.800.46
EBITDA
% margin
265.0
21.7%
331.0
25.1%
343.0
23.3%
346.0
21.9%
367.0
21.4%
469.0
23.5%
367.0
20.0%
(192.0)
(21.5%)
624.0
26.7%
954.0
24.9%
840.0
21.1%
733.0
14.7%