Cedar Fair, L.P.Find Ratings Reports
CEDAR FAIR -LP's gross profit margin for the fourth quarter of its fiscal year 2020 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, but still managed to outperform when compared to the average company in its subsector. CEDAR FAIR -LP has strong liquidity. Currently, the Quick Ratio is 1.60 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 6,587.10% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q4 FY20||Q4 FY19|
|Net Sales ($mil)||33.88||257.25|
|Net Income ($mil)||-105.45||2.79|
|Balance Sheet||Q4 FY20||Q4 FY19|
|Cash & Equiv. ($mil)||377.02||182.53|
|Total Assets ($mil)||2693.41||2581.15|
|Total Debt ($mil)||2966.42||2166.15|
|Profitability||Q4 FY20||Q4 FY19|
|Gross Profit Margin||-140.8||38.22|
|Return on Assets||-21.91||6.67|
|Return on Equity||0.0||0.0|
|Debt||Q4 FY20||Q4 FY19|
|Share Data||Q4 FY20||Q4 FY19|
|Shares outstanding (mil)||56.71||56.67|
|Div / share||0.0||0.94|
|Book value / share||-11.75||-0.18|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||475733.0||618191.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium.
|FUN NM||Peers 375.38||FUN NM||Peers 185.35|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
FUN's P/E is negative making this valuation measure meaningless.
Neutral. 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's P/CF is negative making the measure meaningless.
|FUN 20.60||Peers 55.52||FUN NA||Peers 1.13|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
FUN's ratio is negative making this valuation measure meaningless.
Neutral. 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.
Ratio not available.
|FUN NM||Peers 20.26||FUN -447.50||Peers -255.55|
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
FUN's P/B is negative making this valuation measure meaningless.
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.
|FUN 15.41||Peers 10.29||FUN -87.70||Peers -32.92|
Premium. 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 significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
FUN significantly trails its peers on the basis of sales growth.