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Six Flags Entertainment Corporation
FUN

FUN Six Flags Entertainment Corporation

Six Flags Entertainment Corporation · NYSE
Market Closed
13.12
▼ ⁦-4.02%⁩ (-0.55)
Market Cap$1.3B
Beta0.39
52w Low52w High
12.5127.37
Last Week
⁦-15.19%⁩
Last Month
⁦-19.85%⁩
Last 3 Months
⁦-37.55%⁩
Last Year
⁦-44.71%⁩
EL7 Factor Analysis
How we score this
Overall19
Poor — bottom quartile of the marketValue TrapF 4/9Better than 19% of Market stocks, per EL7's model
FactorScoreDistributionValueAvgRank
▸
Valuation
68
—17.8xTop tier
▸
Growth
50
-27.7%▼7.1%Around median
▸
Quality
36
-20.4%▼4.5%Bottom tier
▸
Safety
23
—2.6xBottom tier
▸
Capital Return
90
—2.12%Top tier
▸
Momentum
18
-34.4%▼2.9%Bottom tier
▸
Sentiment
92
6▲3Top tier
Fair Value
Low confidenceCurrent price$13
Analyst target · 2 analysts
$23
⁦+75%⁩
See it clearly undervalued
Range ⁦$10–$30⁩
vs
DCF (estimate)
$-13.00
⁦-199%⁩
Sees it clearly overvalued
⁦7.9⁩% discount · ⁦7⁩% growth
Bottom lineThe two methods disagree — estimate range ⁦$-13.00–$23⁩.

Estimates — analyst targets and a simplified DCF, not investment advice.

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Analyst Consensus

This section combines price targets, revision history, analyst coverage changes, and an AI summary of what changed on the Street.

Price Target· 2 analysts setting price target
$21.57
⁦+64.4%⁩
Current Price $13.12·Median $23.00
Low
$10.00
High
$30.00
Current price
$13.12
Average target
$21.57
Street summary

Slight Decline in Consensus Amid Wide Dispersion

The consensus price target declined from 22.43 to 21.57 over one day and seven days, a decrease of 0.86 or 3.83%, and also declined by 0.32 or 1.46% over 30 days. The number of analysts did not change, and estimates remain widely dispersed between 10 and 30, with a median of 23, reflecting significant disagreement in valuation rather than a broad shift in coverage.

As of 2026-09-10
Revisions momentum · 30d
⁦-1.5%⁩
Average rating
★ 3.64
Buy
Analyst coverage
14
Buy conviction
57%
Mixed
Target dispersion
152%
Wide
Analyst ratings over time14 analysts rating
2
6
5
1
Strong BuyBuyHoldSellStrong Sell
Rating trend — last 12 months3.54 → 3.64
Recent analyst moves
  • = Reiterate2026-08-07
    Barclays
    Overweight
  • = Reiterate2026-08-07
    Citigroup
    Neutral
  • = Reiterate2026-07-10
    Citigroup
    Neutral
Premium content
Key Financials

Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.

StockSector medianSector averagetypical sector range
MetricValuePosition within sectorVerdict
  • P/E (TTM)
    —
    —
  • Forward P/E
    84.65x
    3.79x30.29x
    Very expensive
  • EV / EBITDA
    —
    —
  • FCF Yield
    11.3%
    -30.9%16.2%
    Strong
  • Revenue Growth YoY
    -27.7%
    -13.8%31.9%
    Weak
  • EPS Growth YoY
    -267.2%
    -156.9%135.6%
    Weak
  • Gross Margin
    93.1%
    12.0%66.5%
    Exceptional
  • ROIC
    -20.4%
    -23.8%21.5%
    Weak
  • Net Debt / EBITDA
    —
    —
  • Dividend Yield
    —
    —
  • Payout Ratio
    —
    —
  • Altman Z-Score
    —
    —
Financial Analysis
|

Stock Analysis

AI-generated
Based on 2026-05-07 data

Company Overview

Six Flags Entertainment Corporation, listed under the ticker FUN, operates a network of regional amusement parks and related lodging businesses in North America. The company generates revenue from admission tickets, season passes, and memberships, followed by in-park guest spending on food, beverages, merchandise, and additional services; it also leverages its hotels at Cedar Point and Knott's Berry Farm to attract visitors from more distant drive markets. The 2026 strategy focuses on increasing the value of each visit through pricing and revenue management, upgrading customers to Gold Pass and higher-yield memberships, and increasing cross-park visits within each region.

The latest figures for the second quarter of fiscal year 2026 showed revenue of $864.92 million, down 7% year over year, and earnings per share of $0.14, which missed analysts' estimates by 51.72%. Results for the first quarter of fiscal year 2026 had recorded revenue of $225.6 million and gross profit of $204.3 million, equivalent to a gross margin of approximately 90.6%, but the net loss reached $268.6 million and earnings per share were negative at $2.65. These figures reflect the continued gap between high gross profit and a large net loss.

In the first quarter of fiscal year 2026, attendance increased 4%, spending per visitor rose 6%, and revenue grew 12% year over year, with admission spending per visitor up 3% and in-park merchandise spending per visitor up 10%. Demand growth and cost controls contributed to a $48 million improvement in adjusted earnings before interest, taxes, depreciation, and amortization, although management warned on the May 7, 2026 call against seasonally extrapolating from this quarter because it represents only about 6% to 8% of full-year attendance and revenue. For fiscal year 2025, revenue totaled $3.1 billion and the net loss was $1.6 billion, while the adjusted earnings before interest, taxes, depreciation, and amortization margin was 27%, a level management said it is working to improve.

What's Driving the Stock

Earnings callEDGAR filings30-day newsInsider activity

Automated analysis for informational purposes only — not investment advice.

The decline recorded in the second quarter of fiscal year 2026 became the most important financial driver for the stock, as revenue fell 7% to $864.92 million and earnings per share of $0.14 missed expectations by 51.72%.
  • The first quarter of fiscal year 2026 showed clear operating progress, with attendance growth of 4%, spending per visitor growth of 6%, and revenue growth of 12%, in addition to a $48 million improvement in adjusted earnings before interest, taxes, depreciation, and amortization as a result of demand and cost controls.
  • The regional Gold Pass gained early momentum by allowing visits to multiple parks within a single region, and management reported on May 7, 2026 that the active pass and membership base increased 6% as customers shifted toward Gold Pass and higher-yield memberships and increased cross-park visits.
  • The capital expenditure program for fiscal year 2026 included an expected amount of between $425 million and $450 million, with additions including Tormenta at Six Flags over Texas, the return of MonteZOOMa at Knott's Berry Farm, Looney Tunes Land at Six Flags Magic Mountain, and the Phantom Theater experience at Kings Island.
  • The reallocation of capital is intended to increase returns and margins; the company sold six small U.S. parks that had been closed and stated on May 7, 2026 that it expected to close the Montreal transaction during the second quarter of fiscal year 2026, while directing spending toward larger, higher-return parks.
  • Mizuho Securities downgraded FUN to “Underperform” on August 7, 2026 and set a $10 target following the decline in second-quarter fiscal year 2026 revenue and the substantial earnings miss, adding negative pressure to the stock's valuation.
  • Buying & Selling Case

    ▲ Buying Case4 pts

    • +Revenue management initiatives provide early evidence of improving demand quality, as admission spending per visitor increased 3% and in-park merchandise spending per visitor rose 10% alongside 4% attendance growth in the first quarter of fiscal year 2026.
    • +Gold Pass and memberships could support more recurring revenue and higher customer value after the company recorded a 6% increase in its active pass and membership base and noted higher renewals and cross-park visits.
    • +Reducing small, low-margin parks and redirecting capital expenditures toward higher-return properties provides a path to improving the adjusted earnings before interest, taxes, depreciation, and amortization margin from the 27% level recorded in fiscal year 2025.
    • +Insider activity represents a supportive signal, with net insider purchases during the three months ending with the latest transaction on August 12, 2026 totaling approximately $6.1 million through three purchases and no sales.

    ▼ Selling Case6 pts

    • −Profitability and the balance sheet remain the greatest sources of risk; the company recorded a net loss of $1.6 billion in fiscal year 2025 and a net loss of $268.6 million in the first quarter of fiscal year 2026, while it also expects cash interest of between $300 million and $320 million and capital expenditures of between $425 million and $450 million during fiscal year 2026.
    • −Results deteriorated in the second quarter of fiscal year 2026, as revenue fell 7% to $864.92 million and earnings per share of $0.14 missed analysts' estimates by 51.72%, indicating weak growth and difficulty converting revenue into expected earnings.
    • −The company faces consumer demand pressures and competition in the amusement park market, and these pressures coincided with the decline in second-quarter fiscal year 2026 revenue despite the improvement seen in the first quarter.
    • −Management does not provide formal earnings guidance or long-term targets and warned on May 7, 2026 that the first quarter represents only 6% to 8% of annual attendance and revenue; this reduces visibility into the financial trajectory during the main operating season.
    • −Maintenance costs may pressure margins, as management said on May 7, 2026 that it expected pressure on maintenance expenses in the second quarter of fiscal year 2026 to improve ride readiness and increase the number of available trains and cars, alongside more difficult comparisons for marketing spending and cost-savings benefits.
    • −The wide range of analyst targets between $10 and $30 indicates a high degree of valuation uncertainty, and this risk has increased following Mizuho Securities' downgrade to “Underperform” and its $10 target on August 7, 2026.

    Valuation

    The average analyst target is $22.43 within a wide range of $10 to $30, compared with an overall consensus of “Buy”; the average is approximately 18% below the 52-week range high of $27.37, while it is approximately 79% above the range low of $12.51. A positive price-to-earnings ratio is unavailable because of the $1.6 billion net loss in fiscal year 2025 and negative earnings per share, while Mizuho Securities' target cut to $10 and downgrade to “Underperform” on August 7, 2026 highlight that the Buy consensus does not eliminate revaluation risks.

    BuyAnalyst target: $22.43(+71.0%)

    Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.

    FAQ

    Why did FUN's results decline in the second quarter of fiscal year 2026?

    Six Flags' revenue in the second quarter of fiscal year 2026 was approximately $864.92 million, down 7% from the comparable period. Earnings per share were $0.14, or 51.72% below analysts' estimates. Coverage of the results attributed this performance to weak consumer demand and increasing competitive pressures in the amusement park market.

    How important is the regional Gold Pass to Six Flags' business?

    Gold Pass allows customers to visit multiple parks within a specified region, such as moving between parks in Texas or California. Management reported on the May 7, 2026 call that this product encouraged upgrades to higher tiers and increased cross-park visits. The active season pass and membership base increased 6%, while memberships supported higher renewal rates and a higher-yield product.

    Did operations improve in the first quarter of fiscal year 2026?

    Attendance increased 4%, spending per visitor rose 6%, and revenue grew 12% in the first quarter of fiscal year 2026. Admission spending per visitor also increased 3%, in-park merchandise spending per visitor rose 10%, and adjusted earnings before interest, taxes, depreciation, and amortization improved by $48 million. However, the net loss remained high at $268.6 million, and management warned against extrapolating from the quarter because it represents only 6% to 8% of annual activity.

    What are Six Flags' most notable investments in fiscal year 2026?

    Management expected capital expenditures of between $425 million and $450 million during fiscal year 2026. The program includes Tormenta at Six Flags over Texas, the return of MonteZOOMa at Knott's Berry Farm, and the launch of Looney Tunes Land at Six Flags Magic Mountain. It also includes Phantom Theater at Kings Island, with investments focused on rides, food, beverages, and improving the environment of larger, higher-return parks.

    How is Six Flags addressing less profitable parks and debt?

    The company completed the sale of six small U.S. parks that had been closed and said on May 7, 2026 that it expected to close the Montreal transaction during the second quarter of fiscal year 2026. These steps are intended to improve focus and margins and redirect capital toward higher-return parks. At the same time, the financial burden remains substantial, with expected cash interest of between $300 million and $320 million during fiscal year 2026, while management said the remaining free cash flow would be directed toward operations and debt reduction.

    What do analysts and insider activity indicate about FUN stock?

    The analyst consensus is “Buy,” with an average target of $22.43 and a target range of $10 to $30. However, Mizuho Securities downgraded the stock to “Underperform” on August 7, 2026 and set a $10 target following weak second-quarter results. In the opposite direction, net insider purchases over three months totaled $6.1 million through three purchases and no sales, with the latest transaction on August 12, 2026.