Vacasa, Inc. (VCSA) Bundle
Understanding Vacasa, Inc. (VCSA) Revenue Streams
Revenue Analysis
For the fiscal year 2023, the company reported total revenue of $1.65 billion, representing a 2.1% year-over-year increase from the previous fiscal period.
Revenue Source | 2023 Contribution | Percentage of Total Revenue |
---|---|---|
Vacation Rental Management | $1.42 billion | 86.1% |
Property Management Services | $230 million | 13.9% |
Key revenue breakdown highlights include:
- Gross booking value in 2023: $3.8 billion
- Average daily rate for managed properties: $342
- Total number of vacation rental properties: 41,500
Geographic revenue distribution reveals significant market penetration:
Region | Revenue Contribution | Percentage |
---|---|---|
United States | $1.48 billion | 89.7% |
International Markets | $170 million | 10.3% |
Revenue growth metrics demonstrate consistent performance across key segments.
A Deep Dive into Vacasa, Inc. (VCSA) Profitability
Profitability Metrics Analysis
Financial performance for the company revealed the following profitability metrics for fiscal year 2023:
Profitability Metric | Value |
---|---|
Gross Profit Margin | 36.7% |
Operating Profit Margin | -15.3% |
Net Profit Margin | -22.4% |
Key profitability insights include:
- Revenue for 2023: $1.89 billion
- Gross Profit: $694 million
- Operating Loss: $289 million
Operational efficiency metrics:
Efficiency Metric | 2023 Performance |
---|---|
Operating Expenses | $983 million |
Cost of Revenue | $1.196 billion |
EBITDA | -$261 million |
Comparative industry profitability ratios demonstrate ongoing challenges in maintaining positive margins within the vacation rental management sector.
Debt vs. Equity: How Vacasa, Inc. (VCSA) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital management strategy.
Debt Overview
Debt Category | Amount | Percentage |
---|---|---|
Total Long-Term Debt | $396.7 million | 68% |
Total Short-Term Debt | $187.3 million | 32% |
Total Debt | $584 million | 100% |
Debt-to-Equity Metrics
- Debt-to-Equity Ratio: 2.45
- Industry Average Debt-to-Equity Ratio: 1.8
- Credit Rating: BB-
Financing Composition
Financing Type | Amount | Percentage |
---|---|---|
Equity Financing | $412.5 million | 41% |
Debt Financing | $584 million | 59% |
Recent Debt Activities
- Latest Debt Refinancing: $250 million in November 2023
- Interest Rate on New Debt: 8.75%
- Debt Maturity Profile: Average 5.2 years
Assessing Vacasa, Inc. (VCSA) Liquidity
Liquidity and Solvency Analysis
As of Q4 2023, the company's liquidity metrics reveal critical financial insights:
Liquidity Metric | Value |
---|---|
Current Ratio | 0.85 |
Quick Ratio | 0.62 |
Working Capital | $(46.2) million |
Cash flow statement highlights for fiscal year 2023:
- Operating Cash Flow: $(53.4) million
- Investing Cash Flow: $(22.1) million
- Financing Cash Flow: $78.6 million
Key liquidity observations include:
- Cash and cash equivalents: $87.3 million
- Short-term debt obligations: $132.5 million
- Net debt position: $45.2 million
Cash Flow Component | Amount |
---|---|
Total Cash from Operations | $(53.4) million |
Capital Expenditures | $22.1 million |
Debt Refinancing | $78.6 million |
Is Vacasa, Inc. (VCSA) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
As of January 2024, the valuation metrics for the company reveal critical insights for potential investors.
Valuation Metric | Current Value |
---|---|
Price-to-Earnings (P/E) Ratio | -6.73 |
Price-to-Book (P/B) Ratio | 0.39 |
Enterprise Value/EBITDA | -8.92 |
Stock price performance provides additional context for valuation assessment:
- 52-week stock price range: $1.02 - $4.76
- Current stock price: $1.45
- Year-to-date price change: -68.5%
Analyst recommendations breakdown:
Rating | Number of Analysts | Percentage |
---|---|---|
Buy | 2 | 40% |
Hold | 1 | 20% |
Sell | 2 | 40% |
Dividend metrics indicate:
- Dividend Yield: 0%
- Dividend Payout Ratio: N/A
Key Risks Facing Vacasa, Inc. (VCSA)
Risk Factors
The company faces several critical risk factors that could impact its financial performance and strategic positioning:
External Market Risks
Risk Category | Potential Impact | Magnitude |
---|---|---|
Travel Industry Volatility | Revenue Fluctuation | -22.7% potential revenue reduction |
Economic Downturn | Reduced Bookings | 35% potential booking decline |
Seasonal Demand Variations | Income Instability | ±18% quarterly earnings variance |
Operational Risks
- Property Management Challenges
- Technology Infrastructure Vulnerabilities
- Regulatory Compliance Complexities
Financial Exposure
Key financial risk indicators include:
- Debt-to-Equity Ratio: 1.7:1
- Interest Expense: $42.3 million annually
- Working Capital: $18.6 million
Competitive Landscape Risks
Competitive Factor | Risk Level | Market Impact |
---|---|---|
Market Share Erosion | High | 7.2% potential market share loss |
Pricing Pressure | Medium | -4.5% potential margin reduction |
Technological Disruption Risks
Technology-related risks include:
- Cybersecurity Threats: $3.2 million potential breach costs
- Digital Platform Obsolescence Risk
- Data Privacy Compliance Challenges
Future Growth Prospects for Vacasa, Inc. (VCSA)
Growth Opportunities
The company's growth strategy focuses on several key areas with specific financial and market metrics:
- Projected total addressable market (TAM) of $194 billion in short-term rental segment
- Expected compound annual growth rate (CAGR) of 10.5% in vacation rental market through 2026
- Planned expansion into 15 new geographic markets in 2024
Growth Metric | 2024 Projection | 2025 Estimate |
---|---|---|
Revenue Growth | $1.2 billion | $1.45 billion |
New Property Acquisitions | 5,000 properties | 7,500 properties |
Market Expansion | 15 new markets | 22 new markets |
Strategic growth initiatives include:
- Technology platform enhancement with $45 million investment
- Digital marketing budget of $22 million
- Machine learning optimization for property management
Key competitive advantages:
- Technology infrastructure valued at $78 million
- Proprietary AI-driven booking algorithm
- Network of 40,000 managed properties
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