Discounted Cash Flow

United Parks & Resorts Inc.

PRKS · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.3b $-12.5m $119.9m -0.9% $-0.15
2017 $1.3b (-6.0%) $-202.4m (-1515.1%) $19.9m (-83.4%) -16.0% (-1618.6%) $-2.36 (-1473.3%)
2018 $1.4b (8.6%) $44.8m (122.1%) $114.2m (472.5%) 3.3% (120.4%) $0.52 (122.0%)
2019 $1.4b (1.9%) $89.5m (99.8%) $153.2m (34.2%) 6.4% (96.1%) $1.11 (113.5%)
2020 $431.8m (-69.1%) $-312.3m (-449.1%) $-229.9m (-250.1%) -72.3% (-1230.4%) $-3.99 (-459.5%)
2021 $1.5b (248.3%) $256.5m (182.1%) $374.2m (262.7%) 17.1% (123.6%) $3.28 (182.2%)
2022 $1.7b (15.1%) $291.2m (13.5%) $363.9m (-2.7%) 16.8% (-1.4%) $4.18 (27.4%)
2023 $1.7b (-0.3%) $234.2m (-19.6%) $200.1m (-45.0%) 13.6% (-19.4%) $3.66 (-12.4%)
2024 $1.7b (-0.1%) $227.5m (-2.9%) $231.7m (15.8%) 13.2% (-2.8%) $3.82 (4.4%)
2025 $1.7b (-3.6%) $168.4m (-26.0%) $162.6m (-29.8%) 10.1% (-23.2%) $3.09 (-19.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model