CEDAR FAIR, L.P. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.5 USD | +0.42% |
|
-3.12% | +9.30% |
| May. 15 | Mizuho Securities Trims Cedar Fair Price Target to $55 From $56, Maintains Buy Rating | MT |
| May. 10 | Truist Adjusts Cedar Fair's Price Target to $50 From $45, Keeps Buy Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,141 | 2,231 | 2,846 | 2,248 | 2,030 | 2,229 | - | - |
| Enterprise Value (EV) 1 | 5,131 | 4,847 | 5,303 | 4,415 | 4,265 | 4,312 | 4,196 | 4,123 |
| P/E ratio | 18.3 x | -3.76 x | -58.2 x | 7.59 x | 16.4 x | 13.3 x | 10.9 x | 9.8 x |
| Yield | 6.69% | 2.38% | - | - | 3.02% | 2.81% | 3.01% | 3.16% |
| Capitalization / Revenue | 2.13 x | 12.3 x | 2.13 x | 1.24 x | 1.13 x | 1.19 x | 1.16 x | 1.12 x |
| EV / Revenue | 3.48 x | 26.7 x | 3.96 x | 2.43 x | 2.37 x | 2.31 x | 2.18 x | 2.07 x |
| EV / EBITDA | 10.2 x | -16.1 x | 16.3 x | 8 x | 8.08 x | 7.69 x | 7.07 x | 6.56 x |
| EV / FCF | 70.9 x | -8.88 x | 37.3 x | 19.7 x | 40.5 x | 30.5 x | 27.1 x | - |
| FCF Yield | 1.41% | -11.3% | 2.68% | 5.08% | 2.47% | 3.28% | 3.7% | - |
| Price to Book | -315 x | -3.35 x | -4.07 x | -3.67 x | -3.48 x | -9.83 x | 32 x | 5.82 x |
| Nbr of stocks (in thousands) | 56,664 | 56,706 | 56,842 | 54,383 | 51,015 | 51,252 | - | - |
| Reference price 2 | 55.44 | 39.34 | 50.06 | 41.34 | 39.80 | 43.50 | 43.50 | 43.50 |
| Announcement Date | 2/19/20 | 2/17/21 | 2/16/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,475 | 181.6 | 1,338 | 1,817 | 1,799 | 1,868 | 1,927 | 1,996 |
| EBITDA 1 | 504.7 | -302 | 324.6 | 552 | 527.7 | 560.9 | 593.8 | 628.6 |
| EBIT 1 | 309.4 | -572 | 148.3 | 519.9 | 306.2 | 370 | 408.2 | 437.9 |
| Operating Margin | 20.98% | -315.06% | 11.08% | 28.61% | 17.02% | 19.81% | 21.18% | 21.94% |
| Earnings before Tax (EBT) 1 | 215.2 | -728.2 | -28.48 | 371.7 | 172.6 | 208.6 | 251 | 275.4 |
| Net income 1 | 172.4 | -590.2 | -48.52 | 307.7 | 124.6 | 162.2 | 194.2 | 218.9 |
| Net margin | 11.69% | -325.1% | -3.63% | 16.93% | 6.93% | 8.68% | 10.07% | 10.96% |
| EPS 2 | 3.030 | -10.45 | -0.8600 | 5.450 | 2.420 | 3.273 | 4.006 | 4.440 |
| Free Cash Flow 1 | 72.38 | -545.6 | 142 | 224.3 | 105.3 | 141.3 | 155.1 | - |
| FCF margin | 4.91% | -300.53% | 10.61% | 12.34% | 5.85% | 7.56% | 8.05% | - |
| FCF Conversion (EBITDA) | 14.34% | - | 43.75% | 40.64% | 19.95% | 25.19% | 26.12% | - |
| FCF Conversion (Net income) | 41.99% | - | - | 72.91% | 84.5% | 87.11% | 79.88% | - |
| Dividend per Share 2 | 3.710 | 0.9350 | - | - | 1.200 | 1.223 | 1.309 | 1.373 |
| Announcement Date | 2/19/20 | 2/17/21 | 2/16/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 350.9 | 98.84 | 509.5 | 843.1 | 366 | 84.55 | 501 | 842 | 371.1 | 101.6 | 526 | 857.2 | 379.8 | 102.6 | 544.6 |
| EBITDA 1 | 73.18 | -68.42 | 170.6 | 362 | 87.83 | -101.1 | 151.4 | 388.5 | 88.86 | -97.18 | 166 | 392.2 | 92.48 | -100.5 | 180.7 |
| EBIT 1 | 29.07 | -83.77 | 112.1 | 442.2 | 49.44 | -122.9 | 93.67 | 306.6 | 28.82 | -113.5 | 111 | 319.7 | 55.77 | -115.7 | 126.6 |
| Operating Margin | 8.28% | -84.76% | 22% | 52.45% | 13.51% | -145.41% | 18.7% | 36.42% | 7.76% | -111.72% | 21.1% | 37.3% | 14.68% | -112.79% | 23.24% |
| Earnings before Tax (EBT) 1 | -24.04 | -107.7 | 70.14 | 394.2 | 14.97 | -158.6 | 67.23 | 266.2 | -2.156 | -165.9 | 73.11 | 281.2 | 18.27 | -152.1 | 90.41 |
| Net income 1 | -27.22 | -88.51 | 50.77 | 333 | 12.36 | -134.5 | 53.56 | 215.5 | -9.953 | -133.5 | 57.14 | 222 | 14.97 | -118.6 | 70.46 |
| Net margin | -7.76% | -89.55% | 9.97% | 39.5% | 3.38% | -159.12% | 10.69% | 25.59% | -2.68% | -131.34% | 10.86% | 25.9% | 3.94% | -115.54% | 12.94% |
| EPS 2 | -0.4800 | -1.560 | 0.8900 | 5.860 | 0.2600 | -2.610 | 1.040 | 4.210 | -0.2200 | -2.630 | 1.133 | 4.411 | 0.3210 | -2.340 | 1.390 |
| Dividend per Share 2 | - | - | - | 0.3000 | - | 0.3000 | 0.3000 | - | 0.3000 | - | 0.3040 | 0.3040 | 0.3040 | 0.3000 | 0.3000 |
| Announcement Date | 2/16/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/16/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/15/24 | 5/9/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,989 | 2,617 | 2,458 | 2,167 | 2,235 | 2,083 | 1,967 | 1,893 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.942 x | -8.664 x | 7.571 x | 3.926 x | 4.235 x | 3.713 x | 3.312 x | 3.012 x |
| Free Cash Flow 1 | 72.4 | -546 | 142 | 224 | 105 | 141 | 155 | - |
| ROE (net income / shareholders' equity) | 1,536% | - | - | - | - | 26.1% | 44.2% | 26.5% |
| ROA (Net income/ Total Assets) | 7.49% | - | -1.94% | 13.5% | 5.57% | 4.86% | 5.58% | - |
| Assets 1 | 2,303 | - | 2,503 | 2,274 | 2,238 | 3,340 | 3,481 | - |
| Book Value Per Share 2 | -0.1800 | -11.80 | -12.30 | -11.30 | -11.40 | -4.420 | 1.360 | 7.470 |
| Cash Flow per Share 2 | 7.080 | -6.150 | 2.760 | 6.080 | 6.120 | 7.340 | 7.780 | 7.950 |
| Capex 1 | 331 | 129 | 59.2 | 183 | 220 | 221 | 230 | - |
| Capex / Sales | 22.42% | 71.1% | 4.42% | 10.09% | 12.25% | 11.81% | 11.94% | - |
| Announcement Date | 2/19/20 | 2/17/21 | 2/16/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
43.5
USD
Average target price
52.78
USD
Spread / Average Target
+21.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.30% | 2.22B | |
| -10.46% | 48.19B | |
| +3.31% | 2.17B | |
| +21.11% | 1.17B | |
| -14.74% | 842M | |
| +5.46% | 604M | |
| +1.99% | 598M | |
| +35.47% | 523M | |
| +10.53% | 373M | |
| -13.71% | 283M |
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- Financials Cedar Fair, L.P.