DB:7CF

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Executive Summary

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Cedar Fair's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 7CF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

7CF

-1.6%

DE Hospitality

0.7%

DE Market


1 Year Return

-52.4%

7CF

-35.2%

DE Hospitality

3.9%

DE Market

Return vs Industry: 7CF underperformed the German Hospitality industry which returned -35.2% over the past year.

Return vs Market: 7CF underperformed the German Market which returned 3.9% over the past year.


Shareholder returns

7CFIndustryMarket
7 Day0%-1.6%0.7%
30 Day0%-13.5%1.4%
90 Day13.2%3.8%17.3%
1 Year-49.7%-52.4%-32.4%-35.2%6.2%3.9%
3 Year-58.5%-65.3%-49.3%-56.3%1.8%-6.2%
5 Year-45.2%-59.1%-50.8%-61.1%9.3%-5.4%

Price Volatility Vs. Market

How volatile is Cedar Fair's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cedar Fair undervalued compared to its fair value and its price relative to the market?

41.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 7CF (€21.14) is trading below our estimate of fair value (€35.99)

Significantly Below Fair Value: 7CF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 7CF is poor value based on its PE Ratio (39.1x) compared to the DE Hospitality industry average (20.3x).

PE vs Market: 7CF is poor value based on its PE Ratio (39.1x) compared to the German market (21x).


Price to Earnings Growth Ratio

PEG Ratio: 7CF is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 7CF has negative assets, so we can't compare its PB Ratio to the DE Hospitality industry average.

Future Growth

How is Cedar Fair forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

149.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7CF's forecast earnings growth (149% per year) is above the savings rate (0.2%).

Earnings vs Market: 7CF's earnings (149% per year) are forecast to grow faster than the German market (22.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 7CF's revenue (25.8% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: 7CF's revenue (25.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 7CF's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Cedar Fair performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 7CF has a large one-off loss of $105.6M impacting its March 29 2020 financial results.

Growing Profit Margin: 7CF's current net profit margins (2.7%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: 7CF's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: 7CF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 7CF had negative earnings growth (-68.3%) over the past year, making it difficult to compare to the Hospitality industry average (-15.6%).


Return on Equity

High ROE: 7CF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Financial Health

How is Cedar Fair's financial position?


Financial Position Analysis

Short Term Liabilities: 7CF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 7CF has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 7CF has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 7CF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: 7CF's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: 7CF's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Dividend

What is Cedar Fair current dividend yield, its reliability and sustainability?

4.50%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 7CF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 7CF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 7CF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 7CF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 7CF is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 7CF's dividend in 3 years as they are not forecast to pay a notable one for the German market.

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average management tenure


CEO

Richard Zimmerman (59yo)

2.5yrs

Tenure

US$4,585,920

Compensation

Mr. Richard A. Zimmerman has been Chief Executive Officer Cedar Fair Management, Inc. at General Partner of Cedar Fair, L.P. since January 01, 2018 and has been its President since October 26, 2016. He was ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD4.59M) is above average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Richard's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Zimmerman
President2.5yrsUS$4.59m0.34% $4.8m
Brian Witherow
Executive VP & CFO of Cedar Fair Management Inc.8.5yrsUS$2.22m0.24% $3.4m
Tim Fisher
Chief Operating Officer of Cedar Fair Management Inc.2.58yrsUS$2.45m0.043% $592.5k
Duffield Milkie
Executive VP12.42yrsUS$1.74m0.12% $1.7m
Kelley Semmelroth
Executive VP & Chief Marketing Officer of Cedar Fair Management Inc.8.42yrsUS$1.35m0.085% $1.2m
David Hoffman
Senior VP & Chief Accounting Officer of Cedar Fair Management8.5yrsUS$344.80k0.069% $962.9k
Michael Russell
Corporate Director of Investor Relationsno datano datano data
Scott Tanner
Corporate Vice President of Sales - Cedar Fair Management Co.8.75yrsno datano data
Craig Heckman
Executive Vice President of Human Resources - Cedar Fair Management3.5yrsno data0.015% $208.8k
Robert Decker
Senior Vice President of Planning & Design - Cedar Fair Management Inc5.5yrsUS$603.26k0.12% $1.7m

8.4yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 7CF's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Zimmerman
President2.5yrsUS$4.59m0.34% $4.8m
Gina France
Independent Director of Cedar Fair Management Inc.9yrsUS$225.00k0.019% $258.1k
David Olivet
Independent Director of Cedar Fair Management Inc.7.08yrsUS$205.00k0.013% $177.2k
Debra Smithart-Oglesby
Independent Director of Cedar Fair Management Inc.8.08yrsUS$250.01k0.045% $619.1k
Lauri Shanahan
Independent Director of Cedar Fair Management Inc.8.08yrsUS$212.00k0.0063% $87.6k
Daniel Hanrahan
Independent Chairman of Cedar Fair Management Inc.0.50yrUS$215.00k0.053% $733.4k
Matthew Ouimet
Director of Cedar Fair Management Inc.8.92yrsUS$1.26m0.54% $7.5m
Carlos Ruisanchez
Independent Director of Cedar Fair Management Inc.1.08yrsUS$114.34k0.020% $277.3k
John Scott
Independent Director of Cedar Fair Management Inc.10.08yrsUS$208.65k0.023% $325.6k

8.1yrs

Average Tenure

59yo

Average Age

Experienced Board: 7CF's board of directors are considered experienced (8.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cedar Fair, L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cedar Fair, L.P.
  • Ticker: 7CF
  • Exchange: DB
  • Founded: 1983
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: US$1.574b
  • Listing Market Cap: US$1.391b
  • Shares outstanding: 56.70m
  • Website: https://www.cedarfair.com

Number of Employees


Location

  • Cedar Fair, L.P.
  • One Cedar Point Drive
  • Sandusky
  • Ohio
  • 44870
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FUNNYSE (New York Stock Exchange)YesLimited Partnership UnitsUSUSDApr 1987
7CFDB (Deutsche Boerse AG)YesLimited Partnership UnitsDEEURApr 1987

Biography

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 4 hotels. Its 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 in Allentown, Pennsylvania; Kings Dominion located near Richmond, Virginia; California's Great America located in Santa Clara, California; Valleyfair located near Minneapolis/St. Paul, Minnesota; Worlds of Fun located in Kansas City, Missouri; Michigan's Adventure located near Muskegon, Michigan; Schlitterbahn Waterpark & Resort New Braunfels in New Braunfels, Texas; and Schlitterbahn Waterpark Galveston in Galveston, Texas. The company also manages and operates Gilroy Gardens Family Theme Park in Gilroy, California; and owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio. As of December 31, 2019, the company operated 11 amusement parks, and 4 separate gated outdoor water parks, as well as resort accommodations approximately 2,300 rooms and 600 luxury RV sites. Cedar Fair Management, Inc. serves as the general partner of Cedar Fair, L.P. The company was founded in 1983 and is headquartered in Sandusky, Ohio. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 21:35
End of Day Share Price2020/04/14 00:00
Earnings2020/03/29
Annual Earnings2019/12/31


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.