United Parks & Resorts Inc. (PRKS) stock analysis
Close on Nov 11, 2026Market cap $1.89BP/E 15.6Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak6 of 30 checks passed
United Parks & Resorts passes 6 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 4/6
- Growth
- 0/6
- Past performance
- 2/6
- Financial health
- 0/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 34.5% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $41.75 is below our fair value estimate of $63.76.
Return on capital over 10%
Return on invested capital was 12.9%, above the 10% that usually covers the cost of capital.
P/E below the industry
United Parks & Resorts's P/E of 15.6 is below the Miscellaneous Amusement and Recreation median of 35.3.
What to watch
Revenue growing under 10% a year
Revenue grew -1.3% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -9.6% a year over the last three fiscal years.
Interest not well covered
Operating income covers interest expense 2.4 times; we look for at least 5.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 18.0% of total debt; we look for at least 20%.
Valuation4/6
P/E above its 5-year median
United Parks & Resorts's P/E of 15.6 is above its own 5-year median of 13.6.
P/E below the industry
United Parks & Resorts's P/E of 15.6 is below the Miscellaneous Amusement and Recreation median of 35.3.
EV/EBITDA above its 5-year median
United Parks & Resorts's EV/EBITDA of 8.5 is above its 5-year median of 8.5.
P/S below the industry
United Parks & Resorts's price-to-sales of 1.15 is below the Miscellaneous Amusement and Recreation median of 3.06 (book value is negative, so we use sales).
Trading below fair value
The share price of $41.75 is below our fair value estimate of $63.76.
Margin of safety over 20%
The price is 34.5% below fair value, more than the 20% cushion we look for.
Growth0/6
Revenue growing under 10% a year
Revenue grew -1.3% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -9.6% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew -1.9% over the last twelve months; the Miscellaneous Amusement and Recreation median is 9.8%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 12.9%, above the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin below its 5-year average
Net margin was 7.6% over the last twelve months, against a 5-year average of 14.2%.
Net margin above the industry
United Parks & Resorts's net margin of 7.6% is above the Miscellaneous Amusement and Recreation median of 1.6%.
Financial health0/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 18.0% of total debt; we look for at least 20%.
Interest not well covered
Operating income covers interest expense 2.4 times; we look for at least 5.
Short-term assets don't cover short-term debts
Current assets are 0.55 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is 1.76; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
United Parks & Resorts has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$63.76
The share price is 35% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 24.4× | 13.6× | 35.3× | $65.03 | 44% |
| EV/EBITDA | 10.4× | 8.5× | 12.4× | $62.45 | 39% |
| Earnings power | 10.1% cost of equity | – | – | $63.42 | 17% |
| Fair value | $63.76 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 13.6
- Miscellaneous Amusement and Recreation median 35.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $26.51M
- Value traded per 1% price move
- $10.52M
Downside
Medium risk
- Typical loss in a bad month
- 23.1%
- Volatility (annualized)
- 47%
- Sharpe ratio, 1 year
- 0.33
- Beta to the S&P 500 (5Y)
- 1.05
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.6% | -1.3% | +30.9% | +1.9% | |
| Operating income | -21.1% | -10.4% | – | +8.6% | |
| Net income | -26.0% | -16.7% | – | +13.1% | |
| EPS, diluted | -19.3% | -9.6% | – | +18.3% | |
| Free cash flow | -29.8% | -23.5% | – | +2.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -2.6% | -594.4% | -37.5% | |
| Return on assets | -0.5% | -12.8% | 6.5% | |
| Current ratio | 0.58 | 1.60 | 0.74 | |
| Debt to equity | 3.43 | -20.72 | -5.12 | |
| Net debt to EBITDA | 5.84× | -19.29× | 3.95× | |
| Interest coverage | 1.0× | -2.4× | 2.7× | |
| Capex to revenue | 11.9% | 25.3% | 13.1% | |
| Diluted shares | 85M | 78M | 55M |
Where the cash went
Fiscal 2021 to 2025, five years combined
United Parks & Resorts generated $2.43B from operations and spent $2.67B on capital expenditure, dividends and share buybacks. 41% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.1% | 0.64× | -5.78× | -37.5% |
| FY2024 | 13.2% | 0.66× | -7.76× | -67.9% |
| FY2023 | 13.6% | 0.70× | -7.67× | -72.5% |
| FY2022 | 16.8% | 0.70× | -10.47× | -123.5% |
| FY2021 | 17.1% | 0.58× | -37.05× | -367.2% |
| FY2020 | -72.3% | 0.18× | 46.31× | -594.4% |
| FY2019 | 6.4% | 0.63× | 9.28× | 37.6% |
| FY2018 | 3.3% | 0.65× | 7.60× | 16.2% |
| FY2017 | -16.0% | 0.57× | 5.96× | -54.1% |
| FY2016 | -0.9% | 0.56× | 4.94× | -2.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$168.35M
- Cash generatingOperating cash flow above zero$380.09M
- Return on assets improvedROA up on the prior year8.7% → 6.5%
- Earnings backed by cashOperating cash flow above net income$380.09M vs $168.35M
- Less leverageLong-term debt to assets fell86.6% → 84.8%
- Better liquidityCurrent ratio rose0.65 → 0.74
- No dilutionShare count did not rise60M → 55M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.66 → 0.65
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