Cedar Fair LP

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FUN : NYSE : Services
$67.73 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 127800.0
03/29/17 - 4:02 PM ET

Financial Analysis


CEDAR FAIR -LP's gross profit margin for the fourth quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. CEDAR FAIR -LP has weak liquidity. Currently, the Quick Ratio is 0.65 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 6.15% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)191.97166.92
EBITDA ($mil)41.7121.56
EBIT ($mil)28.016.1
Net Income ($mil)-6.8-25.68


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)122.72119.56
Total Assets ($mil)1973.181994.91
Total Debt ($mil)1536.991558.85
Equity ($mil)60.5257.01


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin42.0735.56
EBITDA Margin21.7212.91
Operating Margin14.593.66
Sales Turnover0.650.62
Return on Assets9.05.62
Return on Equity293.6196.84
Debt Q4 FY16 Q4 FY15
Current Ratio0.810.99
Debt/Capital0.960.96
Interest Expense22.6323.89
Interest Coverage1.240.26


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)56.256.02
Div / share0.860.83
EPS-0.12-0.46
Book value / share1.081.02
Institutional Own % n/a n/a
Avg Daily Volume134117.0154021.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 38.13 for the Hotels, Restaurants & Leisure industry and a discount compared to the S&P 500 average of 26.33. For additional comparison, its price-to-book ratio of 63.09 indicates a significant premium versus the S&P 500 average of 2.93 and a significant premium versus the industry average of 9.42. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. The valuation analysis reveals that, CEDAR FAIR -LP seems to be trading at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FUN 21.64 Peers 38.13   FUN 10.68 Peers 16.34

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

FUN is trading at a significant discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

FUN is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
FUN 17.56 Peers 23.78   FUN 1.60 Peers 2.82

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

FUN is trading at a discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

FUN trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FUN 63.09 Peers 9.42   FUN 58.58 Peers 79.35

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

FUN is trading at a significant premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, FUN is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FUN 2.96 Peers 3.24   FUN 4.28 Peers 2.81

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

FUN is trading at a valuation on par with its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

FUN has a sales growth rate that significantly exceeds its peers.

 

 

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