Loading...

Six Flags Entertainment

DB:6FE
Snowflake Description

Proven track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6FE
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
6FE Share Price and Events
7 Day Returns
-3.8%
DB:6FE
-2.7%
DE Hospitality
1.6%
DE Market
1 Year Returns
-28.5%
DB:6FE
-52.3%
DE Hospitality
-7.4%
DE Market
6FE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Six Flags Entertainment (6FE) -3.8% -2.8% 6.8% -28.5% -14.6% 41.8%
DE Hospitality -2.7% -3.6% -8% -52.3% -25.6% -30.6%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • 6FE outperformed the Hospitality industry which returned -52.3% over the past year.
  • 6FE underperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
6FE
Industry
5yr Volatility vs Market

6FE Value

 Is Six Flags Entertainment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Six Flags Entertainment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Six Flags Entertainment.

DB:6FE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:6FE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 21%) (57.17%))
1.229
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.229 * 5.96%)
7.55%

Discounted Cash Flow Calculation for DB:6FE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Six Flags Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:6FE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.55%)
2019 282.85 Analyst x2 262.99
2020 298.25 Analyst x2 257.84
2021 315.90 Analyst x1 253.93
2022 328.83 Est @ 4.09% 245.77
2023 338.48 Est @ 2.93% 235.22
2024 345.67 Est @ 2.12% 223.35
2025 351.04 Est @ 1.55% 210.90
2026 355.10 Est @ 1.16% 198.36
2027 358.22 Est @ 0.88% 186.05
2028 360.66 Est @ 0.68% 174.17
Present value of next 10 years cash flows $2,248.59
DB:6FE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $360.66 × (1 + 0.23%) ÷ (7.55% – 0.23%)
$4,936.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,936.66 ÷ (1 + 7.55%)10
$2,384.01
DB:6FE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,248.59 + $2,384.01
$4,632.60
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,632.60 / 84.26
$54.98
DB:6FE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6FE represents 0.89324x of NYSE:SIX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89324x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 54.98 x 0.89324
€49.11
Value per share (EUR) From above. €49.11
Current discount Discount to share price of €44.39
= -1 x (€44.39 - €49.11) / €49.11
9.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Six Flags Entertainment is available for.
Intrinsic value
10%
Share price is €44.39 vs Future cash flow value of €49.11
Current Discount Checks
For Six Flags Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Six Flags Entertainment's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Six Flags Entertainment's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Six Flags Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Six Flags Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6FE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.20
NYSE:SIX Share Price ** NYSE (2019-06-24) in USD $49.69
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Six Flags Entertainment.

DB:6FE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SIX Share Price ÷ EPS (both in USD)

= 49.69 ÷ 3.20

15.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment is good value based on earnings compared to the DE Hospitality industry average.
  • Six Flags Entertainment is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Six Flags Entertainment's expected growth come at a high price?
Raw Data
DB:6FE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
7.9%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.27x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:6FE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.51x ÷ 7.9%

1.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Six Flags Entertainment's assets?
Raw Data
DB:6FE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-9.08
NYSE:SIX Share Price * NYSE (2019-06-24) in USD $49.69
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.13x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:6FE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SIX Share Price ÷ Book Value per Share (both in USD)

= 49.69 ÷ -9.08

-5.47x

* Primary Listing of Six Flags Entertainment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Six Flags Entertainment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Six Flags Entertainment has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

6FE Future Performance

 How is Six Flags Entertainment expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Six Flags Entertainment expected to grow at an attractive rate?
  • Six Flags Entertainment's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Six Flags Entertainment's earnings growth is positive but not above the Germany market average.
  • Six Flags Entertainment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6FE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6FE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 7.9%
DB:6FE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 4%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:6FE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6FE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,740 337 1
2021-12-31 1,650 499 278 7
2020-12-31 1,594 448 250 13
2019-12-31 1,532 418 234 13
DB:6FE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,463 395 269
2018-12-31 1,464 413 276
2018-09-30 1,451 407 295
2018-06-30 1,412 447 291
2018-03-31 1,389 483 269
2017-12-31 1,359 445 274
2017-09-30 1,342 468 178
2017-06-30 1,319 458 99
2017-03-31 1,304 456 108
2016-12-31 1,319 463 118
2016-09-30 1,298 463 119
2016-06-30 1,315 467 173

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Six Flags Entertainment's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Six Flags Entertainment's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:6FE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Six Flags Entertainment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6FE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 3.34 3.67 2.99 6.00
2020-12-31 2.99 3.36 2.60 11.00
2019-12-31 2.78 3.00 2.55 11.00
DB:6FE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.20
2018-12-31 3.28
2018-09-30 3.50
2018-06-30 3.46
2018-03-31 3.16
2017-12-31 3.15
2017-09-30 2.00
2017-06-30 1.09
2017-03-31 1.17
2016-12-31 1.28
2016-09-30 1.28
2016-06-30 1.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Six Flags Entertainment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Six Flags Entertainment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Six Flags Entertainment has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

6FE Past Performance

  How has Six Flags Entertainment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Six Flags Entertainment's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Six Flags Entertainment has delivered over 20% year on year earnings growth in the past 5 years.
  • Six Flags Entertainment's 1-year earnings growth is less than its 5-year average (0.1% vs 24.1%)
  • Six Flags Entertainment's earnings growth has exceeded the DE Hospitality industry average in the past year (0.1% vs -2.6%).
Earnings and Revenue History
Six Flags Entertainment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Six Flags Entertainment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6FE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,462.94 269.21 130.84
2018-12-31 1,463.71 276.00 127.00
2018-09-30 1,450.96 294.59 236.57
2018-06-30 1,411.56 291.50 182.86
2018-03-31 1,388.51 269.02 152.68
2017-12-31 1,359.07 273.82 155.75
2017-09-30 1,341.63 177.67 156.93
2017-06-30 1,318.81 98.83 280.28
2017-03-31 1,303.51 107.69 301.66
2016-12-31 1,319.40 118.30 291.09
2016-09-30 1,297.54 118.62 292.03
2016-06-30 1,315.20 173.44 219.80
2016-03-31 1,294.20 178.08 216.49
2015-12-31 1,263.94 154.69 234.81
2015-09-30 1,230.16 117.84 261.68
2015-06-30 1,196.74 65.58 326.45
2015-03-31 1,187.23 66.35 331.21
2014-12-31 1,175.79 75.48 310.96
2014-09-30 1,146.30 122.91 266.49
2014-06-30 1,108.98 138.27 192.47
2014-03-31 1,096.13 119.33 192.55
2013-12-31 1,109.93 118.00 189.22
2013-09-30 1,099.66 260.88 202.42
2013-06-30 1,080.28 386.29 203.89
2013-03-31 1,091.50 411.21 219.34
2012-12-31 1,070.33 358.66 237.98
2012-09-30 1,063.97 99.70 224.92
2012-06-30 1,054.44 46.77 219.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Six Flags Entertainment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Six Flags Entertainment used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Six Flags Entertainment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Six Flags Entertainment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Six Flags Entertainment has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

6FE Health

 How is Six Flags Entertainment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Six Flags Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Six Flags Entertainment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Six Flags Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Six Flags Entertainment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Six Flags Entertainment has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Six Flags Entertainment Company Filings, last reported 2 months ago.

DB:6FE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -239.91 2,229.56 20.43
2018-12-31 -117.82 2,106.51 44.61
2018-09-30 -1.21 2,062.47 68.56
2018-06-30 -151.99 2,180.42 68.63
2018-03-31 -203.74 2,176.68 33.06
2017-12-31 -10.68 2,021.18 77.50
2017-09-30 -67.71 2,020.32 82.68
2017-06-30 -49.41 2,048.35 68.28
2017-03-31 301.04 1,714.94 31.00
2016-12-31 299.39 1,654.52 137.39
2016-09-30 436.27 1,654.27 238.76
2016-06-30 362.53 1,654.20 163.55
2016-03-31 362.54 1,578.77 22.59
2015-12-31 459.94 1,507.13 99.76
2015-09-30 616.01 1,527.02 210.83
2015-06-30 590.28 1,527.93 154.79
2015-03-31 562.13 1,476.09 16.35
2014-12-31 661.44 1,381.23 73.88
2014-09-30 805.31 1,398.12 164.78
2014-06-30 760.04 1,399.49 117.24
2014-03-31 710.74 1,399.32 22.39
2013-12-31 810.91 1,400.60 169.31
2013-09-30 860.82 1,401.43 200.96
2013-06-30 863.63 1,402.68 201.22
2013-03-31 862.28 1,403.94 137.34
2012-12-31 1,326.61 1,405.21 629.21
2012-09-30 1,350.06 955.00 281.46
2012-06-30 1,091.26 955.74 127.85
  • Six Flags Entertainment has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Six Flags Entertainment's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Six Flags Entertainment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Six Flags Entertainment has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

6FE Dividends

 What is Six Flags Entertainment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.6%
Current annual income from Six Flags Entertainment dividends. Estimated to be 6.88% next year.
If you bought €2,000 of Six Flags Entertainment shares you are expected to receive €132 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Six Flags Entertainment's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Six Flags Entertainment's dividend is above the markets top 25% of dividend payers in Germany (3.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:6FE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:6FE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.84 1.00
2021-12-31 3.57 4.00
2020-12-31 3.41 7.00
2019-12-31 3.29 7.00
DB:6FE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 3.280 6.275
2019-02-06 3.280 6.241
2018-11-14 3.280 5.562
2018-08-16 3.120 4.863
2018-05-03 3.120 4.643
2018-02-07 3.120 4.943
2017-11-08 2.800 4.231
2017-08-17 2.560 4.398
2017-05-04 2.560 4.355
2017-02-09 2.560 4.283
2016-11-08 2.560 4.337
2016-08-25 2.320 4.456
2016-05-05 2.320 4.107
2016-02-04 2.320 4.270
2015-11-03 2.320 4.468
2015-08-20 2.080 4.424
2015-05-07 2.080 4.434
2015-02-05 2.080 4.398
2014-10-21 2.080 5.002
2014-08-20 1.880 5.357
2014-05-08 1.880 4.680
2014-02-12 1.880 4.654
2013-11-07 1.880 5.138
2013-08-21 1.800 5.211
2013-05-08 1.800 4.869
2013-02-07 1.800 5.135
2012-10-24 1.800 5.977
2012-05-02 1.200 4.461
2012-02-08 1.200 5.186
2011-11-03 0.120 0.607
2011-08-04 0.120 0.770
2011-07-25 0.060 0.345
2011-05-05 0.240 1.284
2011-02-04 0.240 1.438

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Six Flags Entertainment only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Six Flags Entertainment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Six Flags Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Six Flags Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Six Flags Entertainment has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

6FE Management

 What is the CEO of Six Flags Entertainment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Reid-Anderson
COMPENSATION $7,360,672
AGE 58
TENURE AS CEO 1.9 years
CEO Bio

Mr. James W .P. Reid-Anderson, also known as Jim, has been Chief Executive Officer and President of Six Flags Entertainment Corporation since July 18, 2017 and its Chairman since July 2017. Mr. Reid-Anderson served as the Chief Executive Officer and President of Six Flags Entertainment Corporation from August 13, 2010 to February 19, 2016. He served as Executive Chairman of Six Flags Entertainment Corporation since February 2016 until July 2017. He served as an Advisor of the Management Board of Siemens Healthcare. He served as the Chief Executive Officer of Siemens Healthcare Sector of Siemens Corporation since May 2008. He served as President and Chief Executive Officer of Dade Behring, Inc. since September 2000 and served as its Chairman of the Board since October 2002. From January 2010 to August 2010 he served as a healthcare adviser to Apollo Management, LP. From November 2007 to March 2010 Mr. Reid-Anderson served in various executive and advisory roles with Siemens AG From September 2000 to November 2007, he served as the President and Chief Executive Officer of Dade Behring Holdings, Inc. and served as its Chairman from October 2002 to November 2007. He joined Dade Behring Holdings in August 1996 as Executive Vice President and Chief Financial Officer and served as its Chief Administrative Officer and Chief Financial Officer since September 1997. From 1994 to 1996, Mr. Reid-Anderson worked for Wilson Sporting Goods where he served as the Chief Operating Officer and Chief Administrative Officer. In addition, he had responsibility for Wilson Sporting Good’s international unit. He served as the Chief Executive Officer for Siemens Healthcare Sector of Siemens AG from May 2008 to November 30, 2008 and also as its Member of the Managing Board from May 1, 2008 to November 30, 2008. He served as a healthcare advisor to the managing board of Siemens AG from December 2008 to March 2010 and was the Chief Executive Officer of Siemens Healthcare Diagnostics. from November 2007 to April 2008. He held financial positions of increasing responsibility at Pepsico, Inc., Grand Metropolitan PLC and Mobil Oil Corporation, with roles based in Europe, Asia and North America. Earlier in his career Mr. Reid-Anderson held roles of increasing responsibility at Diageo. Mr. Reid-Anderson served as the Chairman of the Board at Six Flags Entertainment Corporation from August 13, 2010 to February 2016 and has been its Director since August 13, 2010. He serves on the board of Directors of Trustmark Insurance Company and the Montessori School of Lake Forest. He served as a Director of Stericycle, Inc. from November 2009 to November 15, 2012; Brightpoint Inc., from July 2010 to September 2010; Dade Behring Holdings Inc. and Dade Behring, Inc. since 2000. Mr. Reid-Anderson is a Fellow of UK Association of Chartered Certified Accountants and holds a BCom (Hons) commerce degree from the University of Birmingham in England.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Six Flags Entertainment management team in years:

2.4
Average Tenure
54
Average Age
  • The tenure for the Six Flags Entertainment management team is about average.
Management Team

Jim Reid-Anderson

TITLE
Chairman
COMPENSATION
$7M
AGE
58
TENURE
1.9 yrs

Marshall Barber

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
54
TENURE
3.3 yrs

Lance Balk

TITLE
Executive VP & General Counsel
COMPENSATION
$1M
AGE
60
TENURE
8.8 yrs

Brett Petit

TITLE
Senior Vice President of Marketing & Sales
COMPENSATION
$1M
AGE
54
TENURE
9 yrs

Kathy Aslin

TITLE
Senior Vice President of Human Resources
COMPENSATION
$718K
AGE
42
TENURE
2.4 yrs

Mario Centola

TITLE
Vice President of International Operations & Business Development
AGE
47
TENURE
1 yrs

Wilson Brooks

TITLE
VP & Chief Accounting Officer
AGE
31
TENURE
1 yrs

David Austin

TITLE
Senior VP of Information Systems & Chief Information Officer
AGE
56
TENURE
1.5 yrs

Steve Purtell

TITLE
Senior Vice President of Investor Relations & Treasurer
AGE
51

Tom Iven

TITLE
Senior Vice President of U.S. Park Operations
COMPENSATION
$386K
AGE
59
TENURE
18.4 yrs
Board of Directors Tenure

Average tenure and age of the Six Flags Entertainment board of directors in years:

9
Average Tenure
58
Average Age
  • The tenure for the Six Flags Entertainment board of directors is about average.
Board of Directors

Usman Nabi

TITLE
Director
COMPENSATION
$223K
AGE
43
TENURE
9.1 yrs

Jim Reid-Anderson

TITLE
Chairman
COMPENSATION
$7M
AGE
58
TENURE
8.8 yrs

Steve Owens

TITLE
Director
COMPENSATION
$262K
AGE
47
TENURE
9.1 yrs

Kurt Cellar

TITLE
Director
COMPENSATION
$262K
AGE
48
TENURE
9.1 yrs

Jon Luther

TITLE
Lead Independent Director
COMPENSATION
$272K
AGE
74

Nancy Krejsa

TITLE
Director
COMPENSATION
$230K
AGE
59
TENURE
2.3 yrs

Rich Roedel

TITLE
Director
COMPENSATION
$250K
AGE
69
TENURE
8.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Mar 19 Buy Kurt Cellar Individual 12. Mar 19 12. Mar 19 15,000 €43.83 €657,185
12. Mar 19 Buy Usman Nabi Individual 08. Mar 19 08. Mar 19 5,000 €45.15 €225,756
14. Feb 19 Sell H Partners Management, LLC Company 07. Jan 19 13. Feb 19 -1,627,837 €56.48 €-89,201,040
02. Aug 18 Buy Richard Roedel Individual 01. Aug 18 01. Aug 18 3,974 €53.87 €214,051
X
Management checks
We assess Six Flags Entertainment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Six Flags Entertainment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

6FE News

Simply Wall St News

6FE Company Info

Description

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company’s parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Grand Prairie, Texas.

Details
Name: Six Flags Entertainment Corporation
6FE
Exchange: DB
Founded: 1961
$3,738,430,495
84,258,139
Website: http://www.sixflags.com
Address: Six Flags Entertainment Corporation
924 Avenue J East,
Grand Prairie,
Texas, 75050,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SIX Common Stock New York Stock Exchange US USD 11. May 2010
DB 6FE Common Stock Deutsche Boerse AG DE EUR 11. May 2010
Number of employees
Current staff
Staff numbers
2,400
Six Flags Entertainment employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 21:36
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/19
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.