SIX FLAGS ENTERTAINMENT CORP (SIX) Stock Fundamental Analysis
NYSE:SIX - New York Stock Exchange, Inc. - US83001A1025 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to SIX. SIX was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. SIX has a medium profitability rating, but doesn't score so well on its financial health evaluation. SIX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SIX had positive earnings in the past year.
SIX had a positive operating cash flow in the past year.
Of the past 5 years SIX 4 years were profitable.
Of the past 5 years SIX 4 years had a positive operating cash flow.
1.2 Ratios
SIX has a worse Return On Assets (0.96%) than 63.43% of its industry peers.
SIX has a better Return On Invested Capital (10.89%) than 75.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SIX is below the industry average of 14.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | N/A | ||
| ROIC | 10.89% |
ROA(3y)3.3%
ROA(5y)0.17%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)12.21%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 1.85%, SIX is doing worse than 60.45% of the companies in the same industry.
SIX's Profit Margin has declined in the last couple of years.
SIX's Operating Margin of 22.27% is amongst the best of the industry. SIX outperforms 83.58% of its industry peers.
In the last couple of years the Operating Margin of SIX has declined.
SIX has a better Gross Margin (92.11%) than 99.25% of its industry peers.
SIX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.27% | ||
| PM (TTM) | 1.85% | ||
| GM | 92.11% |
OM growth 3YN/A
OM growth 5Y-8.4%
PM growth 3YN/A
PM growth 5Y-32.03%
GM growth 3Y0.67%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SIX is still creating some value.
Compared to 1 year ago, SIX has more shares outstanding
Compared to 5 years ago, SIX has about the same amount of shares outstanding.
Compared to 1 year ago, SIX has an improved debt to assets ratio.
2.2 Solvency
SIX has an Altman-Z score of 0.09. This is a bad value and indicates that SIX is not financially healthy and even has some risk of bankruptcy.
SIX's Altman-Z score of 0.09 is on the low side compared to the rest of the industry. SIX is outperformed by 82.09% of its industry peers.
The Debt to FCF ratio of SIX is 24.22, which is on the high side as it means it would take SIX, 24.22 years of fcf income to pay off all of its debts.
SIX has a Debt to FCF ratio of 24.22. This is comparable to the rest of the industry: SIX outperforms 47.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 24.22 | ||
| Altman-Z | 0.09 |
ROIC/WACC1.3
WACC8.37%
2.3 Liquidity
SIX has a Current Ratio of 0.36. This is a bad value and indicates that SIX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.36, SIX is doing worse than 88.06% of the companies in the same industry.
A Quick Ratio of 0.31 indicates that SIX may have some problems paying its short term obligations.
With a Quick ratio value of 0.31, SIX is not doing good in the industry: 87.31% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
SIX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -74.19%.
SIX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -32.11% yearly.
Looking at the last year, SIX shows a small growth in Revenue. The Revenue has grown by 4.02% in the last year.
The Revenue has been decreasing by -0.52% on average over the past years.
EPS 1Y (TTM)-74.19%
EPS 3YN/A
EPS 5Y-32.11%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)4.02%
Revenue growth 3Y58.72%
Revenue growth 5Y-0.52%
Sales Q2Q%-6.26%
3.2 Future
Based on estimates for the next years, SIX will show a very strong growth in Earnings Per Share. The EPS will grow by 72.37% on average per year.
Based on estimates for the next years, SIX will show a small growth in Revenue. The Revenue will grow by 4.27% on average per year.
EPS Next Y238.28%
EPS Next 2Y111.18%
EPS Next 3Y72.37%
EPS Next 5YN/A
Revenue Next Year3.46%
Revenue Next 2Y4.24%
Revenue Next 3Y4.27%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 100.00, the valuation of SIX can be described as expensive.
65.67% of the companies in the same industry are cheaper than SIX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 24.95. SIX is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 15.60 indicates a correct valuation of SIX.
SIX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SIX is cheaper than 62.69% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.99, SIX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100 | ||
| Fwd PE | 15.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SIX is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as SIX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.03 | ||
| EV/EBITDA | 11.19 |
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.
SIX's earnings are expected to grow with 72.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y111.18%
EPS Next 3Y72.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.78%, SIX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.57, SIX pays a better dividend. On top of this SIX pays more dividend than 92.54% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, SIX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
5.2 History
The dividend of SIX decreases each year by -74.91%.
SIX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-74.91%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y111.18%
EPS Next 3Y72.37%
32
-1.14 (-3.44%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners7.49%
Inst Owner Change-96.17%
Ins Owners7.22%
Ins Owner Change0%
Market Cap2.70B
Analysts80
Price Target29.84 (-6.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
Yearly Dividend0
Dividend Growth(5Y)-74.91%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-102.64%
Min EPS beat(2)-198.72%
Max EPS beat(2)-6.56%
EPS beat(4)0
Avg EPS beat(4)-71.03%
Min EPS beat(4)-198.72%
Max EPS beat(4)-6.56%
EPS beat(8)1
Avg EPS beat(8)-44.22%
EPS beat(12)5
Avg EPS beat(12)66.32%
EPS beat(16)6
Avg EPS beat(16)44.02%
Revenue beat(2)0
Avg Revenue beat(2)-3%
Min Revenue beat(2)-3.38%
Max Revenue beat(2)-2.62%
Revenue beat(4)0
Avg Revenue beat(4)-2.59%
Min Revenue beat(4)-4.3%
Max Revenue beat(4)-0.04%
Revenue beat(8)1
Avg Revenue beat(8)-3.91%
Revenue beat(12)5
Avg Revenue beat(12)3.57%
Revenue beat(16)7
Avg Revenue beat(16)3.82%
PT rev (1m)-0.51%
PT rev (3m)-1.18%
EPS NQ rev (1m)13.88%
EPS NQ rev (3m)-10.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.4%
Revenue NQ rev (1m)3.07%
Revenue NQ rev (3m)-1.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100 | ||
| Fwd PE | 15.6 | ||
| P/S | 1.9 | ||
| P/FCF | 27.03 | ||
| P/OCF | 9.52 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.19 |
EPS(TTM)0.32
EY1%
EPS(NY)2.05
Fwd EY6.41%
FCF(TTM)1.18
FCFY3.7%
OCF(TTM)3.36
OCFY10.51%
SpS16.82
BVpS-11.61
TBVpS-23.52
PEG (NY)0.42
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | N/A | ||
| ROCE | 15.53% | ||
| ROIC | 10.89% | ||
| ROICexc | 11.19% | ||
| ROICexgc | 20.56% | ||
| OM | 22.27% | ||
| PM (TTM) | 1.85% | ||
| GM | 92.11% | ||
| FCFM | 7.04% |
ROA(3y)3.3%
ROA(5y)0.17%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)12.21%
ROIC(5y)N/A
ROICexc(3y)13.14%
ROICexc(5y)N/A
ROICexgc(3y)24.05%
ROICexgc(5y)N/A
ROCE(3y)16.29%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-10.16%
ROICexc growth 3YN/A
ROICexc growth 5Y-9.53%
OM growth 3YN/A
OM growth 5Y-8.4%
PM growth 3YN/A
PM growth 5Y-32.03%
GM growth 3Y0.67%
GM growth 5Y0.13%
F-Score7
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 24.22 | ||
| Debt/EBITDA | 5.47 | ||
| Cap/Depr | 158.92% | ||
| Cap/Sales | 12.95% | ||
| Interest Coverage | 2.16 | ||
| Cash Conversion | 65.72% | ||
| Profit Quality | 381.11% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | 0.09 |
F-Score7
WACC8.37%
ROIC/WACC1.3
Cap/Depr(3y)118.44%
Cap/Depr(5y)112.2%
Cap/Sales(3y)9.59%
Cap/Sales(5y)13.35%
Profit Quality(3y)174.67%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-74.19%
EPS 3YN/A
EPS 5Y-32.11%
EPS Q2Q%-16.67%
EPS Next Y238.28%
EPS Next 2Y111.18%
EPS Next 3Y72.37%
EPS Next 5YN/A
Revenue 1Y (TTM)4.02%
Revenue growth 3Y58.72%
Revenue growth 5Y-0.52%
Sales Q2Q%-6.26%
Revenue Next Year3.46%
Revenue Next 2Y4.24%
Revenue Next 3Y4.27%
Revenue Next 5YN/A
EBIT growth 1Y-17%
EBIT growth 3YN/A
EBIT growth 5Y-8.87%
EBIT Next Year40.07%
EBIT Next 3Y17.74%
EBIT Next 5YN/A
FCF growth 1Y-56.4%
FCF growth 3YN/A
FCF growth 5Y-20.95%
OCF growth 1Y-21.22%
OCF growth 3YN/A
OCF growth 5Y-9.02%