A Business at a Glance
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United Parks & Resorts Inc.
PRKS
$2.5B
Mkt Cap
$44.83
+1.63%
United Parks & Resorts Inc. (PRKS) has a current P/E ratio of 13.5, compared to its historical median P/E of 17.5. The stock is currently considered Fair based on its historical valuation range.
United Parks & Resorts Inc. (PRKS) has a 5-year average return on invested capital (ROIC) of 21.0%. This indicates strong capital allocation and a potential competitive advantage.
United Parks & Resorts Inc. (PRKS) has a market capitalization of $4.4B. It is classified as a mid-cap stock.
United Parks & Resorts Inc. (PRKS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 5.72%.
Based on historical P/E analysis, United Parks & Resorts Inc. (PRKS) appears fair. The current P/E of 13.5 is 23% below its historical median of 17.5. The estimated fair value CAGR (P/E method) is 46.3%.
United Parks & Resorts Inc. (PRKS) operates in the Services-Miscellaneous Amusement & Recreation industry, within the Consumer Cyclical sector.
Company Overview We are a leading theme park and entertainment company providing experiences that matter and inspiring guests to protect animals and the wild wonders of our world. We own or license a portfolio of recognized brands including SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. Over our more than 65-year history, we have developed a diversified portfolio of 13 differentiated theme parks that are grouped in key markets across the United States and in the United Arab Emirates. Many of our theme parks showcase our one-of-a-kind zoological collection and feature a diverse array of both thrill and family-friendly rides, educational presentations, shows and/or other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for our guests. We generate revenue primarily from selling admission to our theme parks and from purchases of food, merchandise and other items, primarily within our theme parks.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | 1.5B |
| Net Income | 150M | 168M | 227M | 234M | 291M | 257M |
| EPS | $1.55 | $3.06 | $3.79 | $3.63 | $4.14 | $3.22 |
| Free Cash Flow | 191M | 163M | 232M | 200M | 364M | 374M |
| ROIC | 15.0% | 15.6% | 21.0% | 20.5% | 22.6% | 25.3% |
| Gross Margin | - | 54.2% | 58.6% | 56.9% | 56.5% | 58.7% |
| Debt/Equity | 0.00 | -5.39 | -5.12 | -10.67 | -5.09 | -65.95 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 340M | 365M | 463M | 460M | 508M | 432M |
| Operating Margin | 20.6% | 22.0% | 26.9% | 26.6% | 29.3% | 28.7% |
| ROE | 0.0% | -37.5% | -67.9% | -72.5% | -123.5% | -367.2% |
| Shares Outstanding | 97M | 55M | 60M | 65M | 70M | 80M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.4B | 1.4B | 1.3B | 1.3B | 1.4B | 1.4B | 432M | 1.5B | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B |
| Gross Margin | 38.2% | 45.3% | 41.7% | 21.3% | 45.4% | 51.5% | 24.2% | 58.7% | 56.5% | 56.9% | 58.6% | 54.2% | N/A |
| 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 | 189M | 214M | 239M | 229M | 230M | 262M | 95M | 185M | 200M | 221M | 217M | 228M | 232M |
| EBIT | 161M | 159M | 60M | -201M | 152M | 213M | -242M | 432M | 508M | 460M | 463M | 365M | 340M |
| Op. Margin | 11.7% | 11.6% | 4.4% | -15.9% | 11.1% | 15.2% | -56.0% | 28.7% | 29.3% | 26.6% | 26.9% | 22.0% | 20.6% |
| Net Income | 50M | 49M | -13M | -202M | 45M | 89M | -312M | 257M | 291M | 234M | 227M | 168M | 150M |
| Net Margin | 3.6% | 3.6% | -0.9% | -16.0% | 3.3% | 6.4% | -72.3% | 17.1% | 16.8% | 13.6% | 13.2% | 10.1% | 9.1% |
| Non-Recurring | 5.8M | -6.4M | -9.6M | 256M | -13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 4.7% | 5.1% | 2.9% | -10.7% | 6.1% | 8.2% | -16.6% | 25.3% | 22.6% | 20.5% | 21.0% | 15.6% | 15.0% |
| ROE | 8.1% | 9.1% | -2.6% | -54.1% | 16.2% | 37.6% | N/A | -367.2% | -123.5% | -72.5% | -67.9% | -37.5% | 0.0% |
| ROA | 2.0% | 2.0% | -0.5% | -9.1% | 2.1% | 4.1% | -12.8% | 9.9% | 11.8% | 9.5% | 8.8% | 6.5% | 5.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 262M | 286M | 280M | 192M | 294M | 348M | -121M | 503M | 565M | 505M | 480M | 380M | 421M |
| Free Cash Flow | 107M | 129M | 120M | 20M | 114M | 153M | -230M | 374M | 364M | 200M | 232M | 163M | 191M |
| Owner Earnings | -608M | 97M | 43M | 6.0M | 111M | 177M | -279M | 315M | 394M | 334M | 303M | 188M | -2.0B |
| CapEx | 155M | 157M | 161M | 173M | 180M | 195M | 109M | 129M | 201M | 305M | 248M | 217M | 230M |
| Maint. CapEx | 867M | 183M | 200M | 163M | 161M | 161M | 151M | 149M | 153M | 154M | 163M | 174M | 2.4B |
| Growth CapEx | 0 | 0 | 0 | 9.2M | 19M | 35M | 0 | 0 | 48M | 151M | 85M | 43M | 0 |
| D&A | 867M | 183M | 200M | 163M | 161M | 161M | 151M | 149M | 153M | 154M | 163M | 174M | 2.4B |
| CapEx/OCF | 59.1% | 54.9% | 57.2% | 89.6% | 61.2% | 56.0% | N/A | 25.6% | 35.5% | 60.4% | 51.7% | N/A | 54.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 72M | 72M | 65M | 1.5M | 325K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 3.5% | 4.7% | 4.8% | 0.1% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 60M | 51M | 0 | 0 | 98M | 150M | 12M | 216M | 694M | 18M | 483M | 160M | 250M |
| Buyback Yield | 4.3% | 3.0% | N/A | N/A | 5.1% | 5.7% | 0.5% | 4.1% | 19.4% | 0.5% | 14.5% | 0.0% | 5.7% |
| Stock-Based Comp | 2.3M | 6.5M | 38M | 23M | 22M | 11M | 7.5M | 40M | 18M | 17M | 14M | 17M | 18M |
| Debt Repayment | 46M | 306M | 13M | 1.0B | 566M | 16M | 16M | 2.0B | 12M | 12M | 242M | 15M | 15M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.5B | 1.6B | 1.5B | 1.5B | 1.5B | 1.6B | 1.9B | 1.8B | 2.2B | 2.0B | 2.2B | 2.2B | 2.2B |
| Cash & Equiv. | 44M | 19M | 69M | 33M | 34M | 40M | 434M | 444M | 79M | 247M | 116M | 100M | 29M |
| Long-Term Debt | 1.6B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 2.2B | 2.1B | 2.1B | 2.1B | 2.2B | 2.2B | 2.2B |
| Debt/Equity | 2.73 | 3.14 | 3.43 | 5.37 | 5.81 | 7.95 | -21.89 | -65.95 | -5.09 | -10.67 | -5.12 | -5.39 | 0.00 |
| Interest Coverage | 2.0 | 2.4 | 1.0 | -2.6 | 1.9 | 2.5 | -2.4 | 3.7 | 4.3 | 3.1 | 2.8 | 2.7 | 2.6 |
| Equity | 580M | 504M | 461M | 287M | 265M | 211M | -106M | -34M | -438M | -208M | -462M | -436M | -557M |
| Total Assets | 2.4B | 2.4B | 2.4B | 2.1B | 2.1B | 2.3B | 2.6B | 2.6B | 2.3B | 2.6B | 2.6B | 2.6B | 2.6B |
| Total Liabilities | 1.8B | 1.9B | 1.9B | 1.8B | 1.9B | 2.1B | 2.7B | 2.6B | 2.8B | 2.8B | 3.0B | 3.1B | 3.2B |
| Intangibles | 32M | 27M | 22M | 18M | 15M | 500K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 34M | 46M | 7.5M | -195M | -149M | -59M | -372M | -115M | 176M | 410M | 638M | 806M | 772M |
| Working Capital | -79M | -123M | -110M | -135M | -164M | -234M | 190M | 195M | -176M | -21M | -142M | -102M | -213M |
| Current Assets | 142M | 106M | 154M | 119M | 147M | 169M | 507M | 567M | 234M | 390M | 270M | 283M | 241M |
| Current Liabilities | 221M | 229M | 264M | 253M | 311M | 403M | 317M | 372M | 409M | 411M | 413M | 385M | 455M |
| Per Share Data | |||||||||||||
| EPS | 0.57 | 0.57 | -0.15 | -2.36 | 0.52 | 1.10 | -3.99 | 3.22 | 4.14 | 3.63 | 3.79 | 3.06 | 1.55 |
| Owner EPS | -6.95 | 1.13 | 0.52 | 0.07 | 1.29 | 2.17 | -3.56 | 3.95 | 5.60 | 5.17 | 5.05 | 3.42 | -20.18 |
| Book Value | 6.62 | 5.85 | 5.52 | 3.35 | 3.08 | 2.59 | -1.35 | -0.43 | -6.22 | -3.23 | -7.69 | -7.92 | -5.72 |
| Cash Flow/Share | 2.99 | 3.32 | 3.36 | 2.24 | 3.41 | 4.28 | -1.54 | 6.31 | 8.03 | 7.83 | 8.00 | 6.91 | 25.86 |
| Dividends/Share | 0.62 | 0.84 | 0.73 | 0.02 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 87.6M | 86.2M | 83.5M | 85.8M | 86.1M | 81.3M | 78.3M | 79.7M | 70.3M | 64.5M | 60.0M | 55.0M | 97.4M |
| Valuation | |||||||||||||
| P/E Ratio | 28.1 | 33.8 | N/A | N/A | 43.2 | 29.3 | N/A | 20.4 | 12.3 | 14.7 | 14.6 | N/A | 29.0 |
| P/FCF | 13.1 | 12.9 | 13.4 | 59.1 | 17.0 | 17.1 | N/A | 14.0 | 9.8 | 17.2 | 14.4 | N/A | 22.9 |
| EV/EBIT | 18.3 | 20.2 | 52.4 | N/A | 22.8 | 19.5 | N/A | 15.0 | 10.9 | 11.0 | 11.6 | N/A | 19.4 |
| Price/Book | 2.4 | 3.3 | 3.5 | 4.1 | 7.3 | 12.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 1.5 | 1.1 | 1.0 | N/A | 17.2 | 20.9 | N/A | N/A | N/A | 26.4 | 23.9 | N/A | 2.6 |
| FCF Yield | 7.6% | 7.8% | 7.5% | 1.7% | 5.9% | 5.8% | -9.4% | 7.2% | 10.2% | 5.8% | 7.0% | N/A | 4.4% |
| Market Cap | 1.4B | 1.7B | 1.6B | 1.2B | 1.9B | 2.6B | 2.4B | 5.2B | 3.6B | 3.4B | 3.3B | 0 | 4.4B |
| Avg. Price | 23.42 | 17.80 | 16.46 | 15.51 | 21.28 | 28.02 | 21.55 | 51.14 | 56.86 | 53.93 | 52.37 | 0.00 | 44.83 |
| Year-End Price | 16.02 | 19.28 | 19.23 | 13.74 | 22.49 | 32.22 | 31.23 | 65.60 | 50.88 | 53.30 | 55.43 | 0.00 | 44.83 |
United Parks & Resorts Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
United Parks & Resorts Inc. trades at 13.5x trailing earnings, compared to its 15-year median P/E of 17.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.1x vs a median of 15.7x. The company's 5-year average ROIC is 21.0% with a gross margin of 57.0%. Total shareholder yield (buybacks) is 5.7%. At current prices, the estimated annualized return to fair value is +25.3%.
United Parks & Resorts Inc. (PRKS) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
United Parks & Resorts Inc. (PRKS) has a net profit margin of 10.1%. This is a healthy margin.
United Parks & Resorts Inc. (PRKS) generated $163 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
United Parks & Resorts Inc. (PRKS) reported earnings per share (EPS) of $3.06 in its most recent fiscal year.
United Parks & Resorts Inc. (PRKS) has a return on equity (ROE) of -37.5%. A negative ROE may indicate losses or negative equity.
United Parks & Resorts Inc. (PRKS) has a 5-year average gross margin of 57.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for United Parks & Resorts Inc. (PRKS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
United Parks & Resorts Inc. (PRKS) has a book value per share of $-7.92, based on its most recent annual SEC filing.