Financials United Parks & Resorts Inc.

Equities

PRKS

US81282V1008

Leisure & Recreation

Market Closed - Nyse Other stock markets 04:00:02 2024-05-10 pm EDT			5-day change	1st Jan Change
53.62 ^USD	-0.13%		+6.22%	+1.50%

May. 08	United Parks & Resorts' Q1 Loss Narrows as Revenue Advances -- Shares Gain Pre-Bell	MT
May. 08	Transcript : United Parks & Resorts Inc., Q1 2024 Earnings Call, May 08, 2024

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,496	2,476	5,012	3,419	3,378	3,351	-	-
Enterprise Value (EV) ¹	4,004	4,235	6,685	5,450	3,378	5,268	5,118	4,940
P/E ratio	28.8 x	-7.92 x	20.1 x	12.9 x	14.6 x	12.2 x	11.4 x	9.97 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1.79 x	5.73 x	3.33 x	1.97 x	1.96 x	1.89 x	1.85 x	1.79 x
EV / Revenue	2.86 x	9.81 x	4.45 x	3.15 x	1.96 x	2.97 x	2.83 x	2.64 x
EV / EBITDA	8.76 x	-57.9 x	10.1 x	7.48 x	4.73 x	7.14 x	6.83 x	6.27 x
EV / FCF	26.1 x	-18.4 x	17.9 x	15 x	-	17 x	15.2 x	14.2 x
FCF Yield	3.83%	-5.43%	5.6%	6.68%	-	5.89%	6.59%	7.05%
Price to Book	11.8 x	-28.3 x	-145 x	-7.81 x	-	31.1 x	9.23 x	5.07 x
Nbr of stocks (in thousands)	78,723	78,382	77,273	63,887	63,944	62,491	-	-
Reference price ²	31.71	31.59	64.86	53.51	52.83	53.62	53.62	53.62
Announcement Date	2/26/20	2/25/21	2/24/22	2/28/23	2/28/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,398	431.8	1,504	1,731	1,727	1,775	1,810	1,874
EBITDA ¹	456.9	-73.19	662	728.2	713.5	737.8	749.2	787.9
EBIT ¹	213.2	-241.7	432	507.5	459.8	535.1	552.4	586.6
Operating Margin	15.25%	-55.97%	28.73%	29.32%	26.63%	30.14%	30.53%	31.31%
Earnings before Tax (EBT) ¹	129	-342.8	256.3	390.1	313.1	372.1	385.3	429.1
Net income ¹	89.48	-312.3	256.5	291.2	234.2	278.1	290.3	322.8
Net margin	6.4%	-72.33%	17.06%	16.82%	13.56%	15.66%	16.04%	17.23%
EPS ²	1.100	-3.990	3.220	4.140	3.630	4.394	4.722	5.378
Free Cash Flow ¹	153.2	-229.9	374.2	363.9	-	310	337.5	348.5
FCF margin	10.96%	-53.25%	24.88%	21.02%	-	17.46%	18.65%	18.6%
FCF Conversion (EBITDA)	33.53%	-	56.52%	49.97%	-	42.02%	45.05%	44.23%
FCF Conversion (Net income)	171.22%	-	145.86%	124.96%	-	111.48%	116.24%	107.98%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	2/26/20	2/25/21	2/24/22	2/28/23	2/28/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	370.8	270.7	504.8	565.2	390.5	293.3	496	548.2	389	297.4	503.7	570.3	401.7	306.8	519.1
EBITDA ¹	152.8	65.94	234.4	274.2	153.7	72.41	224.2	266.4	150.4	79.15	223.6	280	157.1	72.78	236
EBIT ¹	85.3	10.03	178	217.6	101.9	11.77	155.4	203.3	89.27	22.14	173.5	230.4	107.6	29.57	186.3
Operating Margin	23%	3.7%	35.26%	38.5%	26.09%	4.01%	31.34%	37.08%	22.95%	7.44%	34.44%	40.41%	26.78%	9.64%	35.9%
Earnings before Tax (EBT) ¹	59.12	-15.33	151.2	187.1	67.04	-24.68	118.5	166.2	53.05	-16.82	133.3	188.4	66.35	-11.49	147.1
Net income ¹	71.54	-8.987	116.6	134.6	49.01	-16.47	87.06	123.6	40.05	-11.2	98.14	139.9	49.97	-8.416	107.3
Net margin	19.29%	-3.32%	23.1%	23.81%	12.55%	-5.61%	17.55%	22.54%	10.3%	-3.77%	19.48%	24.53%	12.44%	-2.74%	20.66%
EPS ²	0.9200	-0.1200	1.620	1.990	0.7600	-0.2600	1.350	1.920	0.6200	-0.1700	1.542	2.233	0.8073	-0.1350	1.740
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/24/22	5/5/22	8/4/22	11/9/22	2/28/23	5/9/23	8/8/23	11/8/23	2/28/24	5/8/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,508	1,759	1,673	2,032	-	1,917	1,767	1,589
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.301 x	-24.03 x	2.527 x	2.79 x	-	2.598 x	2.359 x	2.017 x
Free Cash Flow ¹	153	-230	374	364	-	310	338	349
ROE (net income / shareholders' equity)	37.6%	-594%	-367%	-	-	152%	565%	72.6%
ROA (Net income/ Total Assets)	4.05%	-12.8%	9.91%	11.8%	-	9.96%	9.92%	9.81%
Assets ¹	2,208	2,433	2,588	2,468	-	2,791	2,928	3,290
Book Value Per Share ²	2.700	-1.120	-0.4500	-6.850	-	1.730	5.810	10.60
Cash Flow per Share ²	4.300	-1.540	6.320	8.030	-	3.840	6.820	-
Capex ¹	195	109	129	201	-	234	241	248
Capex / Sales	13.96%	25.28%	8.57%	11.59%	-	13.18%	13.34%	13.24%
Announcement Date	2/26/20	2/25/21	2/24/22	2/28/23	2/28/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for United Parks & Resorts Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

53.62 USD

Average target price

66.27 USD

Spread / Average Target

+23.60%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Amusement Parks and Zoos

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Amusement Parks and Zoos