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Cedar Fair LP (Cedar Fair LP) Cyclically Adjusted Price-to-FCF : 22.28 (As of Apr. 30, 2024)


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What is Cedar Fair LP Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Cedar Fair LP's current share price is $38.76. Cedar Fair LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.74. Cedar Fair LP's Cyclically Adjusted Price-to-FCF for today is 22.28.

The historical rank and industry rank for Cedar Fair LP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FUN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.65   Med: 21.57   Max: 32.97
Current: 22.33

During the past years, Cedar Fair LP's highest Cyclically Adjusted Price-to-FCF was 32.97. The lowest was 5.65. And the median was 21.57.

FUN's Cyclically Adjusted Price-to-FCF is ranked worse than
51.71% of 350 companies
in the Travel & Leisure industry
Industry Median: 21.67 vs FUN: 22.33

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cedar Fair LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-1.076. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.74 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cedar Fair LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cedar Fair LP's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cedar Fair LP Cyclically Adjusted Price-to-FCF Chart

Cedar Fair LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.82 22.10 26.70 21.25 22.93

Cedar Fair LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.25 23.95 22.53 20.41 22.93

Competitive Comparison of Cedar Fair LP's Cyclically Adjusted Price-to-FCF

For the Leisure subindustry, Cedar Fair LP's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cedar Fair LP's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cedar Fair LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cedar Fair LP's Cyclically Adjusted Price-to-FCF falls into.



Cedar Fair LP Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cedar Fair LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.76/1.74
=22.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cedar Fair LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Cedar Fair LP's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.076/129.4194*129.4194
=-1.076

Current CPI (Dec. 2023) = 129.4194.

Cedar Fair LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.227 99.695 -2.891
201406 1.239 100.560 1.595
201409 4.103 100.428 5.287
201412 -0.077 99.070 -0.101
201503 -2.149 99.621 -2.792
201506 1.295 100.684 1.665
201509 4.383 100.392 5.650
201512 -0.518 99.792 -0.672
201603 -2.132 100.470 -2.746
201606 1.970 101.688 2.507
201609 3.938 101.861 5.003
201612 -0.293 101.863 -0.372
201703 -2.186 102.862 -2.750
201706 1.527 103.349 1.912
201709 3.644 104.136 4.529
201712 -0.474 104.011 -0.590
201803 -1.781 105.290 -2.189
201806 1.501 106.317 1.827
201809 3.591 106.507 4.364
201812 -0.486 105.998 -0.593
201903 -1.956 107.251 -2.360
201906 -0.950 108.070 -1.138
201909 4.509 108.329 5.387
201912 -0.352 108.420 -0.420
202003 -2.892 108.902 -3.437
202006 -2.781 108.767 -3.309
202009 -1.346 109.815 -1.586
202012 -2.642 109.897 -3.111
202103 -1.746 111.754 -2.022
202106 0.358 114.631 0.404
202109 4.719 115.734 5.277
202112 -0.857 117.630 -0.943
202203 -2.282 121.301 -2.435
202206 3.147 125.017 3.258
202209 3.943 125.227 4.075
202212 -0.919 125.222 -0.950
202303 -3.134 127.348 -3.185
202306 0.982 128.729 0.987
202309 5.314 129.860 5.296
202312 -1.076 129.419 -1.076

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cedar Fair LP  (NYSE:FUN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cedar Fair LP Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cedar Fair LP's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cedar Fair LP (Cedar Fair LP) Business Description

Traded in Other Exchanges
N/A
Address
One Cedar Point Drive, Sandusky, OH, USA, 44870-5259
Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.
Executives
Nina Barton director ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Monica Sauls officer: Senior VP CHRO ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Jennifer Mason director C/O CEDAR FAIR, 8701 RED OAK BLVD., CHARLOTTE NC 28217
Michelle M Frymire director C/O SPIRIT REALTY CAPITAL, INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201
Daniel J Hanrahan director ROYAL CARIBBEAN CRUISES LTD, 1050 CARIBBEAN WAY, MIAMI FL 33132
Brian Nurse officer: Exec VP, Chief Legal Officer ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Matthew A Ouimet officer: President ONE CEDAR POINT DR., SANDUSKY OH 44870
Louis Carr director ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Carlos Ruisanchez director C/O PINNACLE ENTERTAINMENT INC, 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Tim Fisher officer: Chief Operating Officer ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Craig Heckman officer: SVP, Human Resources ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Brian C Witherow officer: V.P. & Corporate Controller ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
David R. Hoffman officer: VP of Finance & Corp Tax ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Milkie Duffield officer: V.P. & General Counsel ONE CEDAR POINT DR, SANDUSKY OH 44870
Richard Zimmerman officer: VP & GM - Great America ONE CEDAR POINT DRIVE, SANDUSKY OH 44870