SIX FLAGS ENTERTAINMENT CORP (SIX) Stock Fundamental Analysis
NYSE:SIX - New York Stock Exchange, Inc. - US83001A1025 - Common Stock - Currency: USD
SIX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. While SIX is still in line with the averages on profitability rating, there are concerns on its financial health. SIX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SIX was profitable.
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's Return On Assets of 0.96% is on the low side compared to the rest of the industry. SIX is outperformed by 63.43% of its industry peers.
SIX has a Return On Invested Capital of 10.89%. This is in the better half of the industry: SIX outperforms 75.37% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SIX is in line with the industry average of 13.97%.
| 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
SIX has a worse Profit Margin (1.85%) than 60.45% of its industry peers.
SIX's Profit Margin has declined in the last couple of years.
SIX has a better Operating Margin (22.27%) than 83.58% of its industry peers.
In the last couple of years the Operating Margin of SIX has declined.
The Gross Margin of SIX (92.11%) is better than 99.25% of its industry peers.
In the last couple of years the Gross Margin of SIX has remained more or less at the same level.
| 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
SIX has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, SIX has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.09, we must say that SIX is in the distress zone and has some risk of bankruptcy.
SIX has a Altman-Z score of 0.09. This is amonst the worse of the industry: SIX underperforms 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.
The Debt to FCF ratio of SIX (24.22) is comparable to the rest of the industry.
| 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.
SIX's Current ratio of 0.36 is on the low side compared to the rest of the industry. SIX is outperformed by 88.06% of its industry peers.
SIX has a Quick 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.
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
The earnings per share for SIX have decreased strongly by -74.19% in the last year.
Measured over the past years, SIX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -32.11% on average per year.
SIX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.02%.
SIX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.52% yearly.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 100.00, SIX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of SIX indicates a slightly more expensive valuation: SIX is more expensive than 65.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.52, SIX is valued quite expensively.
A Price/Forward Earnings ratio of 15.60 indicates a correct valuation of SIX.
Based on the Price/Forward Earnings ratio, SIX is valued a bit cheaper than 62.69% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.25. SIX is valued slightly cheaper when compared to this.
| 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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SIX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.03 | ||
| EV/EBITDA | 11.19 |
4.3 Compensation for Growth
SIX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SIX's earnings are expected to grow with 72.37% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y111.18%
EPS Next 3Y72.37%
5. Dividend
5.1 Amount
SIX has a Yearly Dividend Yield of 4.78%, which is a nice return.
Compared to an average industry Dividend Yield of 3.85, 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 2.39, 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 been paying a dividend for at least 10 years, so it has 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%