-0.92%
-8.45%
11.95%
-7.37%
8.22%
-11.28%
-18.51%
AI Spotlight on FUN
Company Description
Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada.Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St. Paul, Minnesota; Michigan's Adventure situated near Muskegon, Michigan; Schlitterbahn Waterpark & Resort New Braunfels in New Braunfels, Texas; and Schlitterbahn Waterpark Galveston in Galveston, Texas.The company also owns and operates the Castaway Bay Indoor Waterpark Resort, Hotel Breakers, Cedar Point's Express Hotel, and Sawmill Creek Resort.
As of December 31, 2021, the company operated 13 amusement parks.The company was founded in 1983 and is headquartered in Sandusky, Ohio.
Market Data
| Last Price | 44.12 |
| Change Percentage | -0.92% |
| Open | 45.53 |
| Previous Close | 44.53 |
| Market Cap ( Millions) | 4424 |
| Volume | 23025 |
| Year High | 58.7 |
| Year Low | 35.93 |
| M A 50 | 46.63 |
| M A 200 | 44.53 |
Financial Ratios
| FCF Yield | 2.78% |
| Dividend Yield | 1.36% |
| ROE | 1.09% |
| Debt / Equity | 4.27% |
| Net Debt / EBIDTA | 66.31% |
| Price To Book | 0.42 |
| Price Earnings Ratio | 190.5 |
| Price To FCF | 35.92 |
| Price To sales | 1.85 |
| EV / EBITDA | 8.88 |
News
- Jan -07 - FUN Stock Rises 26% in 3 Months: Should You Act Now or Hold Steady?
- Dec -09 - Six Flags-Cedar Fair Merger Unlocks $200 Million In Synergies, Analyst Sees Big Growth Potential
- Nov -06 - Six Flags Entertainment Corporation (FUN) Q3 2024 Earnings Call Transcript
- Nov -05 - What Analyst Projections for Key Metrics Reveal About Six Flags Entertainment Corporation (FUN) Q3 Earnings
- Oct -16 - FUN Stock Falls 25% in 3 Months: Will the Downfall Continue?
- Sep -09 - Six Flags Parks Win Two Golden Ticket Awards for 2024
- Aug -20 - CAROWINDS UNVEILS THREE FALL EVENTS ALL INCLUDED WITH PARK ADMISSION
- Aug -15 - Six Flags Stock Climbs With Seven New Roller Coasters Coming in 2025
- Aug -09 - Six Flags Entertainment Corporation (FUN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
- Aug -08 - Six Flags Entertainment Corporation (FUN) Q2 2024 Earnings Call Transcript
- Aug -08 - Canada's Wonderland announces new record-breaking launch roller coaster for 2025
- Aug -08 - CAMP SNOOPY GETS BIGGER, BETTER, AND SNOOPY-ER IN 2025
- Aug -07 - Countdown to Six Flags Entertainment Corporation (FUN) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
- Aug -07 - CAMP SNOOPY GETS BIGGER, BETTER, AND SNOOPY-ER IN 2025
- Aug -06 - 2023 Schedule K-3 Tax Forms Now Available for Former Cedar Fair Unitholders
- Jul -31 - CONQUER THE SKIES WHEN RAPTERRA LAUNCHES INTO KINGS DOMINION
- Jul -11 - New Theme Park Powerhouse: Merger Creates Industry-Leading Stock
- Jul -10 - 7 Stocks That Will Benefit the Most From Coming Rate Cuts
- Jul -09 - Cooling Labor Market Raises Rate Cut Hopes: 5 Stocks to Buy
- Jul -07 - Why Six Flags Stock Jumped 30% Last Month
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Admissions
Expected Growth : 4.83 %
What the company do ?
Admissions from Cedar Fair, L.P. refers to the revenue generated from ticket sales to its amusement parks, water parks, and resort accommodations.
Why we expect these perspectives ?
Cedar Fair's 4.83% growth in admissions is driven by increased consumer spending on experiential activities, successful implementation of dynamic pricing strategies, and investments in new attractions and amenities. Additionally, the company's focus on enhancing the guest experience through technology and marketing initiatives has contributed to the growth.
Segment n°2 -> Food, Merchandise and Games
Expected Growth : 4.83 %
What the company do ?
Cedar Fair, L.P. offers Food, Merchandise, and Games at their amusement parks, featuring classic treats, souvenirs, and interactive experiences that enhance the overall guest experience.
Why we expect these perspectives ?
Cedar Fair's 4.83% growth in Food, Merchandise, and Games is driven by increased in-park spending, strategic pricing initiatives, and enhanced guest experiences. Additionally, investments in new attractions and technologies, such as mobile ordering and cashless payments, have improved operational efficiency and convenience, leading to higher sales and profitability.
Segment n°3 -> Accommodations, Extra-charge Products and Other
Expected Growth : 4.65 %
What the company do ?
Accommodations refer to on-site hotels and resorts, Extra-charge Products include experiences like Fast Lane and VIP tours, and Other consists of sponsorship and licensing revenue from Cedar Fair, L.P.
Why we expect these perspectives ?
Cedar Fair's 4.65% growth is driven by Accommodations (increased hotel bookings and premium pricing), Extra-charge Products (upselling of Fast Lane and VIP experiences), and Other (growth in sponsorship and advertising revenue, as well as increased sales of season passes and all-season dining plans).
Cedar Fair, L.P. Products
| Product Range | What is it ? |
|---|---|
| Amusement Park Admission | General admission tickets to Cedar Fair's amusement parks, including Cedar Point, Knott's Berry Farm, and Kings Island. |
| Season Passes | Annual passes that grant access to Cedar Fair's amusement parks for the entire operating season. |
| Food and Beverage | Various dining options and treats available within Cedar Fair's amusement parks, such as burgers, hot dogs, and funnel cakes. |
| Games and Merchandise | Arcade games, skill games, and souvenir shops offering Cedar Fair-themed merchandise, such as t-shirts and toys. |
| Accommodations | On-site hotels, resorts, and campgrounds offering convenient lodging options for guests visiting Cedar Fair's amusement parks. |
| Special Events | Seasonal events and festivals, such as Halloween-themed Haunt and winter festivities like WinterFest. |
| Group Outings | Customizable packages for groups, including corporate events, birthday parties, and youth groups. |
Cedar Fair, L.P.'s Porter Forces
Threat Of Substitutes
Cedar Fair, L.P. operates in a niche market with a unique product offering, which reduces the threat of substitutes. However, the rise of virtual and augmented reality experiences could potentially substitute traditional theme park experiences.
Bargaining Power Of Customers
Cedar Fair, L.P. operates in a market with a high level of customer loyalty, and customers have limited bargaining power due to the unique nature of the company's products and services.
Bargaining Power Of Suppliers
Cedar Fair, L.P. relies on a diverse range of suppliers for goods and services, which reduces the bargaining power of individual suppliers. However, the company may still be vulnerable to supply chain disruptions and price increases.
Threat Of New Entrants
The theme park industry has high barriers to entry, including significant capital requirements and regulatory hurdles, which reduces the threat of new entrants.
Intensity Of Rivalry
The theme park industry is highly competitive, with several major players competing for market share. Cedar Fair, L.P. faces intense rivalry from companies such as Disney, Universal, and Six Flags.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 134.59% |
| Debt Cost | 8.32% |
| Equity Weight | -34.59% |
| Equity Cost | 11.06% |
| WACC | 7.37% |
| Leverage | -389.08% |
Cedar Fair, L.P. : Quality Control
Cedar Fair, L.P. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MAT | Mattel, Inc., a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, … |
| PRKS | United Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates SeaWorld theme parks in Orlando, Florida; San … |
| YETI | YETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, … |
| GOLF | Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist … |
| SIX | Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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United Parks & Resorts
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Cedar Fair
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Acushnet
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4
Six Flags
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5
Mattel
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1-Year Total Return ->
6
