Travel Leisure Co. Common Stock (TNL) exhibits 93.2% gross margins and 21.7% return on invested capital within Consumer Discretionary (Hotels/Resorts), balanced against a 11.2x enterprise multiple and 6.8% implied options volatility.
Sustained 93.2% gross profitability converts into 13.8% operating margin and 21.7% ROIC, outpacing sector cost of capital.
ROIC: 21.7% // GM: 93.2%YoY revenue trajectory of +4.1% paired with 12.14% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +4.1% // FCF YLD: 12.14%Altman Z-Score of 1.72 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.
ALTMAN Z: 1.72 // F-SCORE: 8/9Trading at 18.7x trailing P/E (17.4x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 18.7x // EV/EBITDA: 11.2xOptions market prices a ±6.8% implied move with a 0.69 put/call ratio around $70.00 max pain.
IMPL MOVE: ±6.8% // P/C: 0.69Elevated industry capital intensity and customer concentration in Hotels/Resorts require continuous execution to defend 5.7% net margins.
NET MARGIN: 5.7% // D/E: 0.85x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for TNL & activate live FRED threshold breach alerts.