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: FUN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FUN underperformed the US Hospitality industry which returned -52% over the past year.
Return vs Market: FUN underperformed the US Market which returned -15.1% over the past year.
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
1 year ago | Simply Wall StInterested In Cedar Fair LP (NYSE:FUN)’s Upcoming US$0.89 Dividend? You Have 2 Days Left
1 year ago | Simply Wall StCedar Fair LP (NYSE:FUN): The Return Story
1 year ago | Simply Wall StShould You Buy Cedar Fair LP (NYSE:FUN)?
Is Cedar Fair undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FUN ($16.28) is trading below our estimate of fair value ($56.18)
Significantly Below Fair Value: FUN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FUN is good value based on its PE Ratio (5.3x) compared to the Hospitality industry average (11.5x).
PE vs Market: FUN is good value based on its PE Ratio (5.3x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: FUN is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: FUN has negative assets, so we can't compare its PB Ratio to the US Hospitality industry average.
How is Cedar Fair forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FUN's forecast earnings growth (2.9% per year) is above the savings rate (1.7%).
Earnings vs Market: FUN's earnings (2.9% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: FUN's earnings are forecast to grow, but not significantly.
Revenue vs Market: FUN's revenue (2.8% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: FUN's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FUN's Return on Equity is forecast to be high in 3 years time (26.6%)
How has Cedar Fair performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FUN has high quality earnings.
Growing Profit Margin: FUN's current net profit margins (11.7%) are higher than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: FUN's earnings have grown by 7.7% per year over the past 5 years.
Accelerating Growth: FUN's earnings growth over the past year (36.1%) exceeds its 5-year average (7.7% per year).
Earnings vs Industry: FUN earnings growth over the past year (36.1%) exceeded the Hospitality industry 1.6%.
Return on Equity
High ROE: FUN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Cedar Fair's financial position?
Financial Position Analysis
Short Term Liabilities: FUN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FUN 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: FUN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FUN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FUN's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: FUN's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Inventory Level: FUN has a high level of physical assets or inventory.
Debt Coverage by Assets: FUN has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
What is Cedar Fair's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FUN's dividend (22.97%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: FUN's dividend (22.97%) is in the top 25% of dividend payers in the US market (5.71%)
Stability and Growth of Payments
Stable Dividend: FUN's dividend payments have been volatile in the past 10 years.
Growing Dividend: FUN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (121.3%), FUN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FUN's dividends in 3 years are not forecast to be well covered by earnings (95.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Zimmerman (58yo)
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 ($USD3.69M) is about average for companies of similar size in the US market ($USD3.31M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
|Executive VP & CFO of Cedar Fair Management Inc.||8.25yrs||US$1.94m||0.23% $2.2m|
|Chief Operating Officer of Cedar Fair Management Inc.||2.33yrs||US$2.21m||0.043% $393.2k|
|Executive VP||12.17yrs||US$1.49m||0.12% $1.1m|
|Executive VP & Chief Marketing Officer of Cedar Fair Management Inc.||8.17yrs||US$1.22m||0.082% $751.9k|
|Senior VP & Chief Accounting Officer of Cedar Fair Management||8.25yrs||US$344.80k||0.069% $639.1k|
|Corporate Director of Investor Relations||no data||no data||no data|
|Corporate Vice President of Sales - Cedar Fair Management Co.||8.5yrs||no data||no data|
|Executive Vice President of Human Resources - Cedar Fair Management||3.25yrs||no data||0.015% $138.6k|
|Senior Vice President of Planning & Design - Cedar Fair Management Inc||5.25yrs||US$603.26k||0.12% $1.1m|
Experienced Management: FUN's management team is seasoned and experienced (8.2 years average tenure).
|Director of Cedar Fair Management Inc.||8.75yrs||US$225.00k||0.019% $171.3k|
|Director of Cedar Fair Management Inc.||6.83yrs||US$204.98k||0.013% $117.6k|
|Independent Director of Cedar Fair Management Inc.||7.83yrs||US$250.00k||0.044% $401.6k|
|Independent Director of Cedar Fair Management Inc.||7.83yrs||US$208.90k||0.0063% $58.2k|
|Independent Chairman Cedar Fair Management Inc.||0.25yr||US$212.77k||0.053% $486.8k|
|Director of Cedar Fair Management Inc.||8.67yrs||US$4.44m||0.54% $4.9m|
|Director of Cedar Fair Management Inc.||0.83yr||no data||0.020% $184.1k|
|Director of Cedar Fair Management Inc.||9.83yrs||US$208.10k||0.023% $216.2k|
Experienced Board: FUN's board of directors are considered experienced (7.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FUN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cedar Fair, L.P.'s company bio, employee growth, exchange listings and data sources
- Name: Cedar Fair, L.P.
- Ticker: FUN
- Exchange: NYSE
- Founded: 1983
- Industry: Leisure Facilities
- Sector: Consumer Services
- Market Cap: US$922.579m
- Shares outstanding: 56.67m
- Website: https://www.cedarfair.com
Number of Employees
- Cedar Fair, L.P.
- One Cedar Point Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FUN||NYSE (New York Stock Exchange)||Yes||Limited Partnership Units||US||USD||Apr 1987|
|7CF||DB (Deutsche Boerse AG)||Yes||Limited Partnership Units||DE||EUR||Apr 1987|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 03:28|
|End of Day Share Price||2020/04/03 00:00|
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.