Cedar Fair LP
Inside Disney’s Recent Theme Park Business Performance
Walt Disney’s (DIS) Theme Parks business posted strong performance results in the three months ending December 2017 (the company’s fiscal 1Q18).
Here’s How Comcast’s Theme Park Business Performed in 4Q17
Comcast’s (CMCSA) Theme Parks business was a star performer in 4Q17, with revenue growth accelerating over the previous quarter.
Inside Walt Disney’s World Expansion: An Overview
Disney wants to spread the success of Tron to Walt Disney World Resort as it seeks to boost business at one its key theme park locations.
Must-know: Could Cedar Fair stock trade at twice today’s levels?
The market does not yet appreciate the safety of modern rollercoasters or the defensive characteristics of the relatively small and underfollowed amusement park industry.
Is Six Flags effectively employing its debt capital?
As of January 15, 2015, Six Flags’ ROIC and WACC stood at 9.2% and 5.9%, respectively. This shows that Six Flags is employing its debt capital effectively.
Six Flags Entertainment: An overview of the largest theme park
Six Flags Entertainment Corp. (SIX) is the world’s largest regional theme park company with $1.1 billion in revenue and 18 parks across North America.
Why Six Flags’ operating cash flows are prone to fluctuation
Six Flags Entertainment’s (SIX) operating cash flows are largely driven by attendance and per capita spending levels.
Must-know: How Six Flags generates its revenues
Six Flags derived 55% of its revenues from theme park admissions for the last 12 months ended September 30, 2014.
Six Flags’ ownership is dominated by hedge funds
Institutional shareholders hold ~86% of Six Flags Entertainment (SIX). The top 20 hedge funds own ~25% of Six Flags.
Why Six Flags Entertainment is so profitable
Let’s look at why Six Flags Entertainment is profitable. Adjusted EBITDA was $429 million for the LTM, growing at 19.7% over a four-year period since 2009.
Must-know: A look into Six Flags’ debt-to-equity ratio
Industry debt-to-equity ratio is about 5.5. Six Flags’ debt-to-equity ratio of 4.0 shows the company aggressively finances operations with debt capital.
Six Flags’ cash drops, but liquidity is higher than peers’
Six Flags’ fall in liquidity ratios is mainly due to the ~$460 million fall in cash and cash equivalents because of share repurchases and dividend payments.
Why Cedar Fair presents investors an attractive share entry point
Cedar Fair (FUN) presented investors an attractive entry point to purchase shares, now yielding nearly 6%. This is a very good business.
What’s the Effect of Disney Exiting Its Anaheim Tax Deals?
Walt Disney (DIS) exited the tax incentive agreements that its Disneyland Resort arm had inked with its host city of Anaheim, California.
Understanding Disney’s Parks and Resorts Business
In fiscal 3Q17 (June quarter), Disney’s parks and resorts business brought in revenues of $4.9 billion, implying a 12% YoY (year-over-year) rise.
Analyzing the Competitive Landscape for Comcast NBCUniversal
Comcast’s (CMCSA) NBCUniversal Cable Networks and Broadcast Television businesses are facing stiff competition.
Cedar Fair is a dividend-paying company
On February 25, Cedar Fair Entertainment announced the declaration of a regular quarterly cash dividend of $0.75 per limited partner (or LP) unit.
Why Cedar Fair is attracting positive ratings from Wall Street
Cedar Fair’s 200-day moving average share price is $49.73 with a 52-week high and low of $56.09 and $43.81, respectively.
Why Cedar Fair will save on annual cash interest
Cedar Fair’s cash flows from operations and credit facilities are expected to be sufficient to meet its working capital needs, debt service, and planned capital expenditures.
Why Cedar Fair’s revenue increased
Cedar Fair’s revenue increased by 15.6% year-over-year to $160.8 million in the fourth quarter of 2014.
Why Six Flags’ guest spending per capita improved
Six Flags’ per capita guest spending increased $2.79, or 7%, to $42.97 in 2014, primarily due to improved admissions pricing and new offerings in the parks.
Ticket pricing pushes Six Flags’ admissions revenue up
Six Flags’ (SIX) admissions revenue per capita increased by 9% in 2014, primarily driven by pricing improvements on multi- and single-use ticket offerings.
Six Flags: Business overview and geographic presence
Six Flags has $1.2 billion in revenue and 18 parks across North America. It operates 16 parks in the United States, one in Mexico City, and one in Montreal.