A Business at a Glance
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PARKS AMERICA, INC
PRKA
$29M
Mkt Cap
$39.00
+0.00%
PARKS AMERICA, INC (PRKA) has a 5-year average return on invested capital (ROIC) of 14.4%. This indicates solid capital allocation.
PARKS AMERICA, INC (PRKA) has a market capitalization of $29M. It is classified as a small-cap stock.
PARKS AMERICA, INC (PRKA) does not currently pay a regular dividend.
PARKS AMERICA, INC (PRKA) operates in the Services-Miscellaneous Amusement & Recreation industry, within the Consumer Cyclical sector.
PARKS AMERICA, INC (PRKA) reported annual revenue of $10 million in its most recent fiscal year, based on SEC EDGAR filings.
PARKS AMERICA, INC (PRKA) generated $831 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PARKS AMERICA, INC (PRKA) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
ITEM 1. BUSINESS As used in this Annual Report on Form 10-K, references to the “Company”, “we”, “our”, “Parks! America” and similar terms refer to Parks! America, Inc. and its wholly owned subsidiaries. Our fiscal year ends on the Sunday closest to September 30. Other terms that are commonly used in this Annual Report on Form 10-K are defined as follows: ● “2020 Term Loan” – Term loan credit agreement, dated as of April 27, 2020, between the Company and First Financial Bank. ● “2021 Term Loan” – Term loan credit agreement, dated as of June 18, 2021, between the Company and Synovus Bank. ● “2025 Term Loan” – Term loan credit agreement, dated as of September 30, 2024, between the Company and Cendera Bank N.A.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11M | 10M | 9.9M | 9.4M | 11M | 12M |
| Net Income | 1.2M | - | - | -484K | 727K | 2.8M |
| EPS | $1.88 | $1.93 | $-1.45 | $-1.00 | $1.00 | $4.00 |
| Free Cash Flow | 1.1M | 831K | -105K | -630K | -299K | 2.3M |
| ROIC | 11.1% | - | - | -2.6% | 8.4% | 37.5% |
| Gross Margin | 87.5% | 87.3% | 85.7% | 86.4% | 86.5% | 87.4% |
| Debt/Equity | 0.23 | 0.23 | 0.31 | 0.33 | 0.37 | 0.44 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | - | - |
| Operating Income | 1.7M | 2.1M | -1.4M | -430K | 1.2M | 3.8M |
| Operating Margin | 15.9% | 19.7% | -14.0% | -4.6% | 11.2% | 31.7% |
| ROE | 8.1% | - | - | -3.2% | 4.7% | 19.2% |
| Shares Outstanding | 1M | 1M | 1M | 0M | 1M | 1M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.0M | 4.4M | 5.0M | 6.2M | 6.0M | 6.2M | 9.5M | 12M | 11M | 9.4M | 9.9M | 10M | 11M |
| Gross Margin | 87.5% | 87.9% | 89.2% | 90.3% | N/A | N/A | 89.9% | 87.4% | 86.5% | 86.4% | 85.7% | 87.3% | 87.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.7M | 2.6M | 2.6M | 3.1M | 3.2M | 3.4M | 4.1M | 5.8M | 7.2M | 7.0M | 6.9M | 6.8M | 6.9M |
| EBIT | 218K | 893K | 1.4M | 2.1M | 1.7M | 1.5M | 3.8M | 3.8M | 1.2M | -430K | -1.4M | 2.1M | 1.7M |
| Op. Margin | 5.4% | 20.4% | 28.2% | 34.4% | 28.3% | 25.0% | 40.5% | 31.7% | 11.2% | -4.6% | -14.0% | 19.7% | 15.9% |
| Net Income | -8K | 625K | 1.9M | 1.3M | 1.0M | 1.1M | 2.8M | 2.8M | 727K | -484K | N/A | N/A | 1.2M |
| Net Margin | -0.2% | 14.3% | 37.8% | 20.2% | 16.7% | 17.7% | 29.1% | 23.6% | 6.8% | -5.1% | N/A | N/A | 11.4% |
| Non-Recurring | 0 | 0 | -12K | -18K | -32K | -33K | 0 | -90K | 7K | -42K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 1.8% | 13.4% | 24.2% | 28.3% | 32.1% | 33.6% | 32.2% | 37.5% | 8.4% | -2.6% | N/A | N/A | 11.1% |
| ROE | -0.3% | 17.3% | 41.7% | 20.5% | 13.9% | 13.1% | 23.6% | 19.2% | 4.7% | -3.2% | N/A | N/A | 8.1% |
| ROA | -0.1% | 8.0% | 20.3% | 12.2% | 10.5% | 10.2% | 14.2% | 13.3% | 3.4% | -2.4% | N/A | N/A | 6.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 667K | 1.1M | 1.5M | 1.8M | 1.8M | 1.9M | 3.7M | 3.3M | 1.5M | 927K | 801K | 2.1M | 2.1M |
| Free Cash Flow | 455K | 462K | 1.0M | 1.4M | 1.2M | 1.3M | 3.2M | 2.3M | -299K | -630K | -105K | 831K | 1.1M |
| Owner Earnings | 345K | 720K | 1.1M | 1.4M | 1.3M | 1.4M | 3.1M | 2.6M | 701K | -89K | -128K | 1.2M | 1.2M |
| CapEx | 213K | 589K | 431K | 438K | 612K | 554K | 525K | 989K | 1.8M | 1.6M | 907K | 1.3M | 980K |
| Maint. CapEx | 319K | 326K | 342K | 386K | 426K | 454K | 576K | 704K | 783K | 884K | 872K | 886K | 889K |
| Growth CapEx | 0 | 263K | 89K | 52K | 187K | 100K | 0 | 285K | 1.1M | 673K | 35K | 391K | 92K |
| D&A | 319K | 326K | 342K | 386K | 426K | 454K | 576K | 704K | 783K | 884K | 872K | 886K | 889K |
| CapEx/OCF | 31.9% | 56.1% | 29.5% | 24.0% | 34.6% | 29.8% | 14.3% | 29.9% | 119.4% | 168.0% | N/A | N/A | 46.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 3K | 5K | 8K | 16K | 12K | 19K | 34K | 45K | 57K | 132K | 58K | 58K | 58K |
| Debt Repayment | 121K | 0 | 0 | 0 | 0 | 0 | 207K | 1.2M | 455K | 479K | 503K | 2.4M | 72K |
| Balance Sheet | |||||||||||||
| Net Debt | 3.7M | 2.6M | 357K | -3.2M | -3.6M | -6.0M | -2.8M | -6.9M | -5.3M | -3.2M | 983K | -4.2M | -3.3M |
| Cash & Equiv. | 0 | 456K | 1.5M | 3.2M | 2.7M | 3.8M | 5.5M | 6.7M | 5.5M | 4.1M | 2.5M | 3.9M | 6.8M |
| Long-Term Debt | 3.5M | 3.4M | 3.1M | 3.0M | 1.4M | 1.2M | 5.8M | 5.0M | 4.2M | 3.5M | 2.7M | 2.8M | 2.7M |
| Debt/Equity | 1.24 | 1.00 | 0.60 | 0.47 | 0.22 | 0.18 | 0.70 | 0.44 | 0.37 | 0.33 | 0.31 | 0.23 | 0.23 |
| Interest Coverage | 1.0 | 4.1 | 6.6 | 10.7 | 9.6 | 20.3 | 21.0 | 11.2 | 4.6 | -1.9 | -6.0 | 9.4 | 8.2 |
| Equity | 3.0M | 3.6M | 5.5M | 6.8M | 7.8M | 8.9M | 12M | 15M | 15M | 15M | 14M | 15M | 15M |
| Total Assets | 7.2M | 7.8M | 9.4M | 10M | 9.7M | 11M | 20M | 21M | 21M | 20M | 19M | 19M | 19M |
| Total Liabilities | 4.2M | 4.2M | 3.8M | 3.5M | 1.9M | 1.8M | 7.8M | 6.4M | 5.7M | 5.1M | 5.2M | 4.2M | 4.0M |
| Intangibles | 338K | 317K | 6K | 4K | 3K | 1K | 0 | 11K | 80K | 52K | 33K | 23K | 20K |
| Retained Earnings | -1.9M | -1.3M | 629K | 1.9M | 2.9M | 4.0M | 6.8M | 9.6M | 10M | 9.8M | 8.7M | 10M | 10M |
| Working Capital | 167K | 445K | 1.4M | 3.1M | 2.5M | 3.4M | 3.9M | 5.7M | 4.7M | 3.7M | 1.6M | 3.3M | 3.0M |
| Current Assets | 886K | 1.2M | 2.1M | 3.7M | 3.0M | 4.1M | 5.9M | 7.1M | 6.2M | 5.1M | 4.2M | 4.4M | 4.1M |
| Current Liabilities | 719K | 802K | 733K | 530K | 507K | 685K | 2.0M | 1.5M | 1.5M | 1.4M | 2.6M | 1.2M | 1.0M |
| Per Share Data | |||||||||||||
| EPS | 0.00 | 1.00 | 3.00 | 2.00 | 1.00 | 1.00 | 4.00 | 4.00 | 1.00 | -1.00 | -1.45 | 1.93 | 1.88 |
| Owner EPS | 0.46 | 1.15 | 1.76 | 2.26 | 1.32 | 1.26 | 4.44 | 3.66 | 0.96 | -0.18 | -0.17 | 1.55 | 1.54 |
| Book Value | 3.99 | 5.76 | 8.69 | 10.77 | 7.72 | 8.14 | 16.95 | 20.82 | 21.11 | 30.98 | 18.51 | 20.26 | 20.21 |
| Cash Flow/Share | 0.90 | 1.68 | 2.31 | 2.90 | 1.75 | 1.69 | 5.32 | 4.73 | 2.12 | 1.92 | 1.06 | 2.80 | 2.81 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 0.7M | 0.6M | 0.6M | 0.6M | 1.0M | 1.1M | 0.7M | 0.7M | 0.7M | 0.5M | 0.8M | 0.8M | 0.8M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 6.0 | 3.3 | 11.5 | 16.0 | 19.0 | 9.5 | 16.9 | 41.0 | N/A | N/A | N/A | 20.7 |
| P/FCF | 9.8 | 8.1 | 6.1 | 10.4 | 14.0 | 16.0 | 8.3 | 19.0 | N/A | N/A | N/A | N/A | 26.1 |
| EV/EBIT | 37.0 | N/A | 5.7 | 6.7 | 8.8 | 11.9 | 7.2 | 12.3 | 24.4 | N/A | N/A | N/A | 15.1 |
| Price/Book | 1.5 | N/A | 1.2 | 2.1 | 2.1 | 2.3 | 2.2 | 3.3 | 1.9 | 1.2 | N/A | N/A | 1.9 |
| Price/Sales | 0.7 | 0.7 | N/A | 1.6 | 3.3 | 2.8 | 1.5 | 3.3 | 3.5 | 1.9 | N/A | N/A | 2.7 |
| FCF Yield | 10.2% | 12.3% | 16.3% | 9.6% | 7.1% | 6.3% | 12.0% | 4.9% | -1.0% | -3.5% | N/A | N/A | 3.8% |
| Market Cap | 4.5M | 3.7M | 6.3M | 14M | 16M | 21M | 26M | 47M | 30M | 18M | 0 | 0 | 29M |
| Avg. Price | 3.49 | 5.04 | 7.53 | 15.43 | 19.92 | 15.57 | 20.47 | 51.56 | 51.17 | 36.96 | 0.00 | 0.00 | 39.00 |
| Year-End Price | 6.00 | 6.00 | 10.00 | 23.00 | 16.00 | 19.00 | 38.00 | 63.00 | 41.00 | 37.00 | 0.00 | 0.00 | 39.00 |
PARKS AMERICA, INC passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 14.4% with a gross margin of 86.7%. At current prices, the estimated annualized return to fair value is -45.1%.
PARKS AMERICA, INC (PRKA) reported earnings per share (EPS) of $1.93 in its most recent fiscal year.
PARKS AMERICA, INC (PRKA) has a 5-year average gross margin of 86.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for PARKS AMERICA, INC (PRKA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PARKS AMERICA, INC (PRKA) has a book value per share of $20.26, based on its most recent annual SEC filing.