Intrinsic value of Cedar Fair Dep Rec - FUN

Previous Close

$59.00

  Intrinsic Value

$7.31

stock screener

  Rating & Target

str. sell

-88%

Previous close

$59.00

 
Intrinsic value

$7.31

 
Up/down potential

-88%

 
Rating

str. sell

We calculate the intrinsic value of FUN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.29
  2.60
  2.84
  3.06
  3.25
  3.43
  3.58
  3.72
  3.85
  3.97
  4.07
  4.16
  4.25
  4.32
  4.39
  4.45
  4.51
  4.56
  4.60
  4.64
  4.68
  4.71
  4.74
  4.76
  4.79
  4.81
  4.83
  4.84
  4.86
  4.87
  4.89
Revenue, $m
  1,289
  1,356
  1,395
  1,438
  1,484
  1,535
  1,590
  1,649
  1,713
  1,781
  1,853
  1,930
  2,012
  2,099
  2,192
  2,289
  2,392
  2,501
  2,616
  2,738
  2,866
  3,001
  3,143
  3,292
  3,450
  3,616
  3,791
  3,974
  4,167
  4,370
  4,584
Variable operating expenses, $m
 
  1,022
  1,051
  1,082
  1,116
  1,154
  1,194
  1,238
  1,285
  1,335
  1,388
  1,423
  1,484
  1,548
  1,616
  1,688
  1,764
  1,844
  1,929
  2,018
  2,113
  2,212
  2,317
  2,427
  2,543
  2,666
  2,794
  2,930
  3,072
  3,222
  3,379
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  972
  1,022
  1,051
  1,082
  1,116
  1,154
  1,194
  1,238
  1,285
  1,335
  1,388
  1,423
  1,484
  1,548
  1,616
  1,688
  1,764
  1,844
  1,929
  2,018
  2,113
  2,212
  2,317
  2,427
  2,543
  2,666
  2,794
  2,930
  3,072
  3,222
  3,379
Operating income, $m
  317
  334
  344
  356
  368
  381
  396
  411
  428
  446
  465
  507
  529
  552
  576
  602
  629
  657
  688
  719
  753
  789
  826
  865
  907
  950
  996
  1,044
  1,095
  1,149
  1,205
EBITDA, $m
  449
  636
  654
  674
  696
  719
  745
  773
  803
  834
  868
  905
  943
  984
  1,027
  1,073
  1,121
  1,172
  1,226
  1,283
  1,343
  1,406
  1,473
  1,543
  1,617
  1,694
  1,776
  1,862
  1,953
  2,048
  2,148
Interest expense (income), $m
  82
  90
  81
  84
  87
  91
  95
  99
  103
  108
  113
  119
  125
  131
  138
  145
  152
  160
  168
  177
  186
  196
  206
  217
  228
  240
  253
  266
  280
  295
  310
Earnings before tax, $m
  249
  245
  263
  271
  280
  290
  301
  312
  324
  338
  351
  388
  404
  421
  438
  457
  477
  497
  519
  543
  567
  593
  620
  648
  678
  710
  743
  778
  815
  854
  895
Tax expense, $m
  71
  66
  71
  73
  76
  78
  81
  84
  88
  91
  95
  105
  109
  114
  118
  123
  129
  134
  140
  146
  153
  160
  167
  175
  183
  192
  201
  210
  220
  231
  242
Net income, $m
  178
  179
  192
  198
  205
  212
  220
  228
  237
  246
  257
  284
  295
  307
  320
  334
  348
  363
  379
  396
  414
  433
  452
  473
  495
  518
  543
  568
  595
  623
  653

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  123
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,973
  2,119
  2,180
  2,246
  2,319
  2,399
  2,485
  2,577
  2,676
  2,782
  2,896
  3,016
  3,144
  3,280
  3,424
  3,577
  3,738
  3,908
  4,088
  4,278
  4,478
  4,688
  4,911
  5,144
  5,391
  5,650
  5,923
  6,210
  6,511
  6,829
  7,163
Adjusted assets (=assets-cash), $m
  1,850
  2,119
  2,180
  2,246
  2,319
  2,399
  2,485
  2,577
  2,676
  2,782
  2,896
  3,016
  3,144
  3,280
  3,424
  3,577
  3,738
  3,908
  4,088
  4,278
  4,478
  4,688
  4,911
  5,144
  5,391
  5,650
  5,923
  6,210
  6,511
  6,829
  7,163
Revenue / Adjusted assets
  0.697
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
Average production assets, $m
  1,564
  2,791
  2,871
  2,958
  3,055
  3,159
  3,272
  3,394
  3,525
  3,665
  3,814
  3,973
  4,142
  4,321
  4,510
  4,711
  4,923
  5,147
  5,384
  5,634
  5,898
  6,175
  6,468
  6,776
  7,100
  7,442
  7,801
  8,179
  8,576
  8,994
  9,434
Working capital, $m
  -47
  5
  6
  6
  6
  6
  6
  7
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  10
  11
  11
  12
  13
  13
  14
  14
  15
  16
  17
  17
  18
Total debt, $m
  1,537
  1,504
  1,558
  1,618
  1,684
  1,755
  1,832
  1,916
  2,005
  2,101
  2,203
  2,311
  2,426
  2,549
  2,678
  2,815
  2,960
  3,114
  3,275
  3,446
  3,626
  3,816
  4,016
  4,226
  4,448
  4,681
  4,927
  5,185
  5,457
  5,742
  6,043
Total liabilities, $m
  1,913
  1,907
  1,962
  2,022
  2,087
  2,159
  2,236
  2,319
  2,409
  2,504
  2,606
  2,715
  2,830
  2,952
  3,082
  3,219
  3,364
  3,517
  3,679
  3,850
  4,030
  4,220
  4,419
  4,630
  4,852
  5,085
  5,330
  5,589
  5,860
  6,146
  6,446
Total equity, $m
  61
  212
  218
  225
  232
  240
  248
  258
  268
  278
  290
  302
  314
  328
  342
  358
  374
  391
  409
  428
  448
  469
  491
  514
  539
  565
  592
  621
  651
  683
  716
Total liabilities and equity, $m
  1,974
  2,119
  2,180
  2,247
  2,319
  2,399
  2,484
  2,577
  2,677
  2,782
  2,896
  3,017
  3,144
  3,280
  3,424
  3,577
  3,738
  3,908
  4,088
  4,278
  4,478
  4,689
  4,910
  5,144
  5,391
  5,650
  5,922
  6,210
  6,511
  6,829
  7,162
Debt-to-equity ratio
  25.197
  7.100
  7.150
  7.200
  7.260
  7.320
  7.380
  7.430
  7.490
  7.550
  7.610
  7.660
  7.720
  7.770
  7.820
  7.870
  7.920
  7.970
  8.010
  8.060
  8.100
  8.140
  8.180
  8.220
  8.250
  8.290
  8.320
  8.350
  8.380
  8.410
  8.440
Adjusted equity ratio
  -0.034
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  178
  179
  192
  198
  205
  212
  220
  228
  237
  246
  257
  284
  295
  307
  320
  334
  348
  363
  379
  396
  414
  433
  452
  473
  495
  518
  543
  568
  595
  623
  653
Depreciation, amort., depletion, $m
  132
  301
  309
  318
  328
  338
  349
  362
  375
  389
  404
  397
  414
  432
  451
  471
  492
  515
  538
  563
  590
  618
  647
  678
  710
  744
  780
  818
  858
  899
  943
Funds from operations, $m
  382
  480
  501
  516
  532
  550
  569
  590
  612
  635
  660
  681
  709
  739
  771
  805
  840
  878
  918
  959
  1,004
  1,050
  1,099
  1,151
  1,205
  1,263
  1,323
  1,386
  1,453
  1,523
  1,596
Change in working capital, $m
  25
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
Cash from operations, $m
  357
  480
  501
  516
  532
  550
  569
  589
  611
  635
  660
  680
  709
  739
  771
  804
  840
  877
  917
  959
  1,003
  1,050
  1,099
  1,150
  1,205
  1,262
  1,322
  1,385
  1,452
  1,522
  1,596
Maintenance CAPEX, $m
  0
  -272
  -279
  -287
  -296
  -305
  -316
  -327
  -339
  -353
  -366
  -381
  -397
  -414
  -432
  -451
  -471
  -492
  -515
  -538
  -563
  -590
  -618
  -647
  -678
  -710
  -744
  -780
  -818
  -858
  -899
New CAPEX, $m
  -161
  -71
  -79
  -88
  -96
  -105
  -113
  -122
  -131
  -140
  -149
  -159
  -169
  -179
  -190
  -201
  -212
  -224
  -237
  -250
  -263
  -278
  -293
  -308
  -324
  -341
  -359
  -378
  -398
  -418
  -440
Cash from investing activities, $m
  -161
  -343
  -358
  -375
  -392
  -410
  -429
  -449
  -470
  -493
  -515
  -540
  -566
  -593
  -622
  -652
  -683
  -716
  -752
  -788
  -826
  -868
  -911
  -955
  -1,002
  -1,051
  -1,103
  -1,158
  -1,216
  -1,276
  -1,339
Free cash flow, $m
  196
  137
  143
  141
  140
  140
  140
  140
  141
  142
  144
  140
  143
  146
  149
  152
  156
  161
  166
  171
  176
  182
  189
  195
  203
  210
  219
  227
  237
  246
  257
Issuance/(repayment) of debt, $m
  0
  -157
  54
  60
  66
  71
  77
  83
  89
  96
  102
  108
  115
  122
  130
  137
  145
  153
  162
  171
  180
  190
  200
  211
  222
  233
  245
  258
  272
  286
  300
Issuance/(repurchase) of shares, $m
  0
  33
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -7
  -124
  54
  60
  66
  71
  77
  83
  89
  96
  102
  108
  115
  122
  130
  137
  145
  153
  162
  171
  180
  190
  200
  211
  222
  233
  245
  258
  272
  286
  300
Total cash flow (excl. dividends), $m
  190
  13
  197
  201
  206
  211
  217
  224
  230
  238
  246
  249
  258
  268
  278
  290
  302
  314
  327
  341
  356
  372
  389
  406
  424
  444
  464
  486
  508
  532
  557
Retained Cash Flow (-), $m
  -4
  -212
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
  -32
  -33
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  13
  14
  14
  14
  15
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  29
  30
  31
  33
  35
  36
  38
  40
  42
  44
Cash available for distribution, $m
 
  -198
  191
  195
  199
  203
  209
  214
  221
  227
  235
  237
  245
  254
  264
  274
  285
  297
  309
  322
  336
  351
  366
  383
  400
  418
  437
  457
  478
  500
  524
Discount rate, %
 
  11.50
  12.08
  12.68
  13.31
  13.98
  14.68
  15.41
  16.18
  16.99
  17.84
  18.73
  19.67
  20.65
  21.68
  22.77
  23.91
  25.10
  26.36
  27.68
  29.06
  30.51
  32.04
  33.64
  35.32
  37.09
  38.94
  40.89
  42.93
  45.08
  47.34
PV of cash for distribution, $m
 
  -178
  152
  136
  120
  106
  92
  79
  66
  55
  45
  36
  28
  22
  17
  13
  9
  7
  5
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels. The amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm, near Los Angeles, California; Canada's Wonderland, near Toronto, Canada; Kings Island, near Cincinnati, Ohio; Carowinds, in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom (Dorney Park), in Allentown, Pennsylvania; Kings Dominion, near Richmond, Virginia; California's Great America, in Santa Clara, California; Valleyfair, near Minneapolis/St. Paul, Minnesota; Worlds of Fun, in Kansas City, Missouri, and Michigan's Adventure, in Muskegon, Michigan. It manages and operates Gilroy Gardens Family Theme Park in Gilroy, California.

FINANCIAL RATIOS  of  Cedar Fair Dep Rec (FUN)

Valuation Ratios
P/E Ratio 18.6
Price to Sales 2.6
Price to Book 54.4
Price to Tangible Book
Price to Cash Flow 9.3
Price to Free Cash Flow 16.9
Growth Rates
Sales Growth Rate 4.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8.5%
Cap. Spend. - 3 Yr. Gr. Rate 6.1%
Financial Strength
Quick Ratio 41
Current Ratio 0
LT Debt to Equity 2514.8%
Total Debt to Equity 2519.7%
Interest Coverage 4
Management Effectiveness
Return On Assets 12%
Ret/ On Assets - 3 Yr. Avg. 10.3%
Return On Total Capital 11.1%
Ret/ On T. Cap. - 3 Yr. Avg. 8.1%
Return On Equity 301.7%
Return On Equity - 3 Yr. Avg. 178.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 91.7%
Gross Margin - 3 Yr. Avg. 91.6%
EBITDA Margin 35.9%
EBITDA Margin - 3 Yr. Avg. 31.1%
Operating Margin 24.6%
Oper. Margin - 3 Yr. Avg. 23.3%
Pre-Tax Margin 19.3%
Pre-Tax Margin - 3 Yr. Avg. 13.3%
Net Profit Margin 13.8%
Net Profit Margin - 3 Yr. Avg. 10.6%
Effective Tax Rate 28.5%
Eff/ Tax Rate - 3 Yr. Avg. 17.9%
Payout Ratio 105.1%

FUN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FUN stock intrinsic value calculation we used $1322 million for the last fiscal year's total revenue generated by Cedar Fair Dep Rec. The default revenue input number comes from 2016 income statement of Cedar Fair Dep Rec. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FUN stock valuation model: a) initial revenue growth rate of 2.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.5%, whose default value for FUN is calculated based on our internal credit rating of Cedar Fair Dep Rec, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Cedar Fair Dep Rec.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FUN stock the variable cost ratio is equal to 75.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for FUN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Cedar Fair Dep Rec.

Corporate tax rate of 27% is the nominal tax rate for Cedar Fair Dep Rec. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FUN stock is equal to 1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FUN are equal to 205.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Cedar Fair Dep Rec operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FUN is equal to 0.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for Cedar Fair Dep Rec - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 56 million for Cedar Fair Dep Rec is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Cedar Fair Dep Rec at the current share price and the inputted number of shares is $3.3 billion.

RELATED COMPANIES Price Int.Val. Rating
SIX Six Flags Ente 67.64 5.26  str.sell
SEAS SeaWorld Enter 22.06 0.13  str.sell

COMPANY NEWS

▶ 2 Stocks to Buy With Dividends Yielding More Than 4%   [Jul-15-18 07:20PM  Motley Fool]
▶ [$$] Cedar Fair Reports Slower-Than-Expected Start to Key Season   [Jul-11-18 08:35PM  The Wall Street Journal]
▶ What Happened in the Stock Market Today   [05:14PM  Motley Fool]
▶ Should You Buy Cedar Fair LP (NYSE:FUN) For Its Dividend?   [Jun-25-18 03:39PM  Simply Wall St.]
▶ Theme Parks and Roller Coasters: A Profitable Ride?   [Jun-08-18 06:30AM  TheStreet.com]
▶ 3 Top Dividend Stocks With Yields Over 5%   [May-29-18 10:00AM  Motley Fool]
▶ Classic Roller Coaster at Worlds of Fun Gets New Twist   [May-22-18 04:32PM  PR Newswire]
▶ Theme Parks Crushed It in Q1, but Q2 Will Be Different   [May-12-18 10:00AM  Motley Fool]
▶ Cedar Fair Revenue Rises 13% on New Attractions   [May-05-18 10:05AM  Motley Fool]
▶ Cedar Point Opens "With a Vengeance" This Saturday   [May-02-18 03:00PM  PR Newswire]
▶ 3 Top Dividend Stocks With Yields Over 5%   [10:40AM  Motley Fool]
▶ Six Flags and Cedar Fair Keep Rolling in 2018   [Apr-29-18 09:55PM  Motley Fool]
▶ Top Ranked Income Stocks to Buy for April 23rd   [Apr-23-18 10:13AM  Zacks]
▶ Alternative Ideas For High Yield Investors   [Apr-20-18 12:08PM  Forbes]
▶ 3 Dividend Stocks That Pay You More Than Verizon Does   [Apr-15-18 09:54AM  Motley Fool]
▶ It's Roller-Coaster Season for Six Flags and Cedar Fair   [Mar-31-18 11:00AM  Motley Fool]
▶ Carowinds Introduces Camp Snoopy and Non-Stop Family Fun   [Mar-20-18 08:48AM  PR Newswire]
▶ 3 'Strong Buy' Dividend Stocks for 2018 and Beyond   [Mar-12-18 12:06PM  TheStreet.com]
▶ Cedar Fair Declares 2018 First-Quarter Cash Distribution   [Feb-28-18 04:30AM  PR Newswire]
▶ Tony Johnson Named General Manager at Kings Dominion   [Feb-20-18 11:20AM  PR Newswire]
▶ Cedar Fair, L.P. to Host Earnings Call   [Feb-14-18 08:30AM  ACCESSWIRE]
▶ 3 Top Dividend Stocks With Yields Over 5%   [Feb-02-18 02:50PM  Motley Fool]
▶ 2 Top Stocks to Buy With Dividends Yielding More Than 4%   [Jan-31-18 02:00PM  Motley Fool]
▶ Carowinds Hiring 4,000 People For 2018 Season   [Jan-30-18 11:18AM  PR Newswire]
▶ 3 Stocks That Feel Like Disney in 1957   [Jan-23-18 10:00AM  Motley Fool]
▶ 3 Dividend Stocks That Pay You More Than IBM Does   [Dec-20-17 06:00PM  Motley Fool]
▶ 3 Dividend Stocks That Cut Bigger Checks Than AT&T   [Dec-19-17 09:31AM  Motley Fool]
▶ Cedar Fair Names Tim Fisher Chief Operating Officer   [Dec-18-17 07:25AM  PR Newswire]
▶ WinterFest at Worlds of Fun Opens November 24   [Nov-21-17 03:00PM  PR Newswire]
▶ Carowinds Debuts All-New WinterFest Holiday Celebration   [Nov-20-17 04:11PM  PR Newswire]
▶ Who are Disney's (DIS) Main Competitors?   [Nov-10-17 02:05PM  Investopedia]
▶ Cedar Fair Boosts Cash Distribution   [Nov-07-17 01:31PM  Motley Fool]
▶ 3 High-Yield Growth Stocks   [Nov-04-17 03:46PM  Motley Fool]
▶ Cedar Fair, L.P. to Host Earnings Call   [Nov-02-17 08:00AM  ACCESSWIRE]
▶ Development planned for swath of land near Carowinds   [Oct-31-17 02:40PM  American City Business Journals]
▶ 3 Top Dividend Stocks   [Oct-30-17 11:35AM  Motley Fool]
▶ Six Flags Stock Has a Lot to Prove on Wednesday   [Oct-24-17 10:00AM  Motley Fool]
▶ SeaWorld May Have More Suitors Than You Think   [Oct-06-17 11:18AM  Motley Fool]
▶ CEO of Cedar Fair to leave that position in January   [Oct-05-17 12:06AM  Associated Press]
▶ Carowinds parent names new CEO   [Oct-04-17 01:16PM  American City Business Journals]
▶ 3 Value Stocks for Bold Investors   [Sep-28-17 02:30PM  Motley Fool]
▶ The Best Dividend Stock in Amusement Parks   [Sep-19-17 10:00PM  Motley Fool]
▶ Theme park operators regroup following Irma's landfall   [Sep-11-17 07:09PM  Investing.com]
Financial statements of FUN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.