CEDAR FAIR LP (FUN)
US1501851067
We assign a fundamental rating of 5 out of 10 to FUN. FUN was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of FUN while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on FUN.
1. Profitability
1.1 Basic Checks
FUN had positive earnings in the past year.
FUN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: FUN reported negative net income in multiple years.
FUN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
FUN has a Return On Assets of 5.56%. This is in the better half of the industry: FUN outperforms 70.15% of its industry peers.
FUN has a better Return On Invested Capital (13.67%) than 82.84% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FUN is in line with the industry average of 10.07%.
The last Return On Invested Capital (13.67%) for FUN is above the 3 year average (11.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | N/A | ||
| ROIC | 13.67% |
ROA(3y)5.74%
ROA(5y)0.4%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)11.95%
ROIC(5y)N/A
1.3 Margins
FUN has a Profit Margin of 6.93%. This is in the better half of the industry: FUN outperforms 63.43% of its industry peers.
FUN's Profit Margin has declined in the last couple of years.
The Operating Margin of FUN (18.02%) is better than 75.37% of its industry peers.
FUN's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 91.11%, FUN belongs to the best of the industry, outperforming 98.51% of the companies in the same industry.
FUN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.02% | ||
| PM (TTM) | 6.93% | ||
| GM | 91.11% |
OM growth 3YN/A
OM growth 5Y-4.16%
PM growth 3YN/A
PM growth 5Y-5.92%
GM growth 3Y2.51%
GM growth 5Y-0.08%
2. Health
2.1 Basic Checks
FUN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
FUN has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FUN has been reduced compared to 5 years ago.
The debt/assets ratio for FUN has remained at the same level compared to a year ago.
2.2 Solvency
FUN has a debt to FCF ratio of 21.62. This is a negative value and a sign of low solvency as FUN would need 21.62 years to pay back of all of its debts.
FUN's Debt to FCF ratio of 21.62 is in line compared to the rest of the industry. FUN outperforms 48.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 21.62 | ||
| Altman-Z | N/A |
ROIC/WACC1.65
WACC8.29%
2.3 Liquidity
FUN has a Current Ratio of 0.52. This is a bad value and indicates that FUN is not financially healthy enough and could expect problems in meeting its short term obligations.
FUN has a worse Current ratio (0.52) than 74.63% of its industry peers.
FUN has a Quick Ratio of 0.52. This is a bad value and indicates that FUN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of FUN (0.41) is worse than 78.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.41 |
3. Growth
3.1 Past
The earnings per share for FUN have decreased strongly by -55.68% in the last year.
The Earnings Per Share has been growing slightly by 1.83% on average over the past years.
The Revenue has decreased by -1.03% in the past year.
FUN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.93% yearly.
EPS 1Y (TTM)-55.68%
EPS 3YN/A
EPS 5Y1.83%
EPS growth Q2Q-174.07%
Revenue 1Y (TTM)-1.03%
Revenue growth 3Y114.76%
Revenue growth 5Y5.93%
Revenue growth Q2Q1.4%
3.2 Future
The Earnings Per Share is expected to grow by 25.18% on average over the next years. This is a very strong growth
Based on estimates for the next years, FUN will show a small growth in Revenue. The Revenue will grow by 3.21% on average per year.
EPS Next Y40.53%
EPS Next 2Y30.03%
EPS Next 3Y25.18%
EPS Next 5YN/A
Revenue Next Year2.92%
Revenue Next 2Y3.02%
Revenue Next 3Y3.21%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.64, which indicates a correct valuation of FUN.
FUN's Price/Earnings ratio is a bit cheaper when compared to the industry. FUN is cheaper than 75.37% of the companies in the same industry.
FUN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
A Price/Forward Earnings ratio of 11.13 indicates a reasonable valuation of FUN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FUN indicates a rather cheap valuation: FUN is cheaper than 88.06% of the companies listed in the same industry.
FUN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.64 | ||
| Fwd PE | 11.13 |
4.2 Price Multiples
69.40% of the companies in the same industry are more expensive than FUN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FUN is valued a bit cheaper than the industry average as 70.15% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.36 | ||
| EV/EBITDA | 8.62 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FUN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as FUN's earnings are expected to grow with 25.18% in the coming years.
PEG (NY)0.39
PEG (5Y)8.54
EPS Next 2Y30.03%
EPS Next 3Y25.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.17%, FUN has a reasonable but not impressive dividend return.
FUN's Dividend Yield is rather good when compared to the industry average which is at 2.57. FUN pays more dividend than 90.30% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, FUN pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
5.2 History
The dividend of FUN decreases each year by -19.99%.
FUN has been paying a dividend for at least 10 years, so it has a reliable track record.
FUN has decreased its dividend recently.
Dividend Growth(5Y)-19.99%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FUN pays out 49.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.02%
EPS Next 2Y30.03%
EPS Next 3Y25.18%
CEDAR FAIR LP
NYSE:FUN (5/2/2024, 7:04:00 PM)
After market: 38.61 +0.75 (+1.98%)37.86
-0.24 (-0.63%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.93B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.64 | ||
| Fwd PE | 11.13 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.39
PEG (5Y)8.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | N/A | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.02% | ||
| PM (TTM) | 6.93% | ||
| GM | 91.11% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.41 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-55.68%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y40.53%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.03%
Revenue growth 3Y114.76%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y