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Six Flags Entertainment Corporation (FUN) Fair Value & Analysis

Consumer Cyclical · US · Market cap $2.5B · ISIN US83001C1080

What is Six Flags Entertainment Corporation really worth?

SF Six Flags Entertainment Corporation logo Six Flags Entertainment Corporation FUN · US
Price$15.03
Fair Value$37.80
Upside+151.5%
Quality13/100

Below-average quality, trading 60% below our fair value of $37.80.

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Risks

!Mixed Growth (revenue 3y +19.5 %/yr)
!Loss-making · -52.8% net margin
!High debt · negative free cash flow
!Trails peers (4/12)
!Narrow moat 15/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range $15.37 – $60.24

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 22 days ago

Share price −17.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (13/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case ($15.37). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide ($15.37 to $60.24). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

$57.63 $12.83 Fair Value $37.80 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $12.83 – $57.63 · fair‑value band $15.37 – $60.24 · the $15.03 price screens below the $37.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Six Flags Entertainment Corporation (FUN) currently trades at $15.03, while our model-based Fair Value estimate is $37.80, implying the stock looks roughly 60.2% undervalued today. The Quality Score stands at 13/100 (below-average quality), in the Consumer Cyclical sector. How firm this estimate is: it rests on 5 models at a data quality of 90/100, which puts the evidence level at low.

Over the trailing twelve months, Six Flags Entertainment Corporation generated revenue of $3.1B at a net margin of −52.8%. Revenue grew 11.7% year over year. Net debt stands at $5.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $15.37 (bear case) to $60.24 (bull case); at $15.03, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 55% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 152%, FUN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA best evidence $17.66 $40.10 $62.53 63
EV/EBIT $11.55 61
NCAV (Graham) $2.69 $3.60 $5.38 54
All 3 models by family
Multiples
EV/EBIT $11.55 61
EV/EBITDA best evidence $17.66 $40.10 $62.53 63
Asset-Based
NCAV (Graham) $2.69 $3.60 $5.38 54

Widest divergence: Multiples ($40.10) versus Asset-Based ($3.60). Highest evidence: EV/EBITDA (63).

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Key figures & financial health

P/S ratio 0.81 TTM
EPS (TTM) $−16.34
Net margin −51.6% FY2025
Return on equity −123% TTM
Return on assets (EBIT) 9.9% avg 5y
Operating margin −108% TTM
More key figures
Growth
Revenue (TTM) $3.1B TTM
Revenue growth (YoY) +11.7% 3y avg +19.5%
EPS growth (YoY) −73.9%
Balance sheet & cash flow
Free cash flow −$152M FY2025
Net debt $5.3B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 13/100

Of which business quality 16 · Market factors (momentum, volatility) 24

Profitability 7
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 13
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 34
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Six Flags Entertainment Corporation operates amusement parks and resort properties in North America. It operates amusement parks, water parks, and resorts in the United States, Mexico, and Canada. The company was formerly known as Cedar Fair, L.P. and changed its name to Six Flags Entertainment Corporation in July 2024.

Full company description

Six Flags Entertainment Corporation operates amusement parks and resort properties in North America. It operates amusement parks, water parks, and resorts in the United States, Mexico, and Canada. The company was formerly known as Cedar Fair, L.P. and changed its name to Six Flags Entertainment Corporation in July 2024. The company was founded in 1983 and is headquartered in Charlotte, North Carolina.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Six Flags Entertainment Corporation reported revenue of $3.1B in FY2025 versus $1.3B in FY2021, a compound +23.4%/yr. Reported net income was −$1.6B in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$3.1B
Latest YoY
+14.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.5%
Avg. revenue growth/yr (38Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +23.4%/yr
FY21 $1.3B
FY22 $1.8B
FY23 $1.8B
FY24 $2.7B
FY25 $3.1B
Net income
FY21 −$48.5M
FY22 $308M
FY23 $125M
FY24 −$231M
FY25 −$1.6B

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Cite: Fair Value Calculator (2026). "Six Flags Entertainment Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FUN

Peer Group

Leisure · 190 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 13 · Bottom 25%
Fair Value upside +152% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) −53% · Bottom 25%
Operating margin (TTM) −108% · Bottom 25%
Revenue growth 12% · Above median
Debt / equity 9.40× · Higher than 75% of peers

Valuation Multiples vs Leisure median · lower = cheaper

P/B 4.62× · Pricier than 75% of peers
P/S (TTM) 0.81× · Cheaper than median
EV/EBITDA 9.6× · Cheaper than median
PEG 2.43× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 16
FUTURE59 · sector 14
PAST0 · sector 19
HEALTH0 · sector 94
DIVIDEND0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 82020 HK$65.10 HK$97.98 +51%
Pop Mart International Group 9992 HK$158.70 HK$227.30 +43%
Amer Sports, Inc AS $33.03 $16.16 −51%
Hasbro, Inc HAS $94.10 $81.97 −13%
Life Time Group LTH $45.40 $15.61 −66%
Li Ning Company 82331 HK$11.62 HK$11.48 −1%
Acushnet Holdings GOLF $89.10 $36.89 −59%
Ninebot Limited 689009 ¥44.94 ¥39.73 −12%
Mattel, Inc MAT $15.26 $18.93 +24%
Planet Fitness, Inc PLNT $53.33 $52.62 −1%

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Frequently asked questions

Is Six Flags Entertainment Corporation (FUN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $37.80 versus a price of $15.03, about +152% upside (undervalued).
What is the fair value of FUN?
Our model-based fair value for Six Flags Entertainment Corporation is $37.80 (as of Aug 13, 2026), built from audited fundamentals. The current price: $15.03.
What is the quality score of FUN?
Six Flags Entertainment Corporation has a Quality Score of 13/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Six Flags Entertainment Corporation (FUN)?
Six Flags Entertainment Corporation reported trailing-twelve-month revenue of about $3.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of FUN?
The net profit margin of Six Flags Entertainment Corporation is about −52.8%, meaning it is currently running at a net loss. Based on the latest reported figures.
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