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Six Flags Entertainment

DB:6FE
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6FE
DB
$904M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Six Flags Entertainment has significant price volatility in the past 3 months.
6FE Share Price and Events
7 Day Returns
-16.8%
DB:6FE
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-77.7%
DB:6FE
-48.1%
DE Hospitality
-20.9%
DE Market
6FE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Six Flags Entertainment (6FE) -16.8% -45.9% -74.9% -77.7% -81.7% -78.5%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 6FE underperformed the Hospitality industry which returned -48.1% over the past year.
  • 6FE underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
6FE
Industry
5yr Volatility vs Market

6FE Value

 Is Six Flags Entertainment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Six Flags Entertainment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Six Flags Entertainment.

DB:6FE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:6FE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (273.95%))
1.988
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.988 * 5.44%)
10.42%

Discounted Cash Flow Calculation for DB:6FE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Six Flags Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:6FE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.42%)
2020 94.72 Analyst x5 85.78
2021 161.58 Analyst x5 132.51
2022 120.00 Analyst x1 89.12
2023 100.25 Est @ -16.46% 67.43
2024 88.59 Est @ -11.64% 53.96
2025 81.27 Est @ -8.26% 44.82
2026 76.47 Est @ -5.9% 38.20
2027 73.22 Est @ -4.25% 33.12
2028 70.96 Est @ -3.09% 29.07
2029 69.34 Est @ -2.28% 25.72
Present value of next 10 years cash flows $599.00
DB:6FE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $69.34 × (1 + -0.39%) ÷ (10.42% – -0.39%)
$638.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $638.69 ÷ (1 + 10.42%)10
$236.94
DB:6FE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $599.00 + $236.94
$835.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $835.94 / 84.67
$9.87
DB:6FE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6FE represents 0.92696x of NYSE:SIX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92696x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 9.87 x 0.92696
€9.15
Value per share (EUR) From above. €9.15
Current discount Discount to share price of €9.90
= -1 x (€9.90 - €9.15) / €9.15
-8.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Six Flags Entertainment is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Six Flags Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Six Flags Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6FE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.12
NYSE:SIX Share Price ** NYSE (2020-04-03) in USD $10.68
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Six Flags Entertainment.

DB:6FE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SIX Share Price ÷ EPS (both in USD)

= 10.68 ÷ 2.12

5.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment is good value based on earnings compared to the DE Hospitality industry average.
  • Six Flags Entertainment is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Six Flags Entertainment's expected growth come at a high price?
Raw Data
DB:6FE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-12.7%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:6FE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.03x ÷ -12.7%

-0.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Six Flags Entertainment's assets?
Raw Data
DB:6FE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-8.46
NYSE:SIX Share Price * NYSE (2020-04-03) in USD $10.68
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:6FE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SIX Share Price ÷ Book Value per Share (both in USD)

= 10.68 ÷ -8.46

-1.26x

* Primary Listing of Six Flags Entertainment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Six Flags Entertainment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Six Flags Entertainment has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

6FE Future Performance

 How is Six Flags Entertainment expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Six Flags Entertainment expected to grow at an attractive rate?
  • Six Flags Entertainment's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Six Flags Entertainment's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Six Flags Entertainment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6FE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6FE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -12.7%
DB:6FE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 0.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:6FE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6FE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,487 1
2023-12-31 1,451 1
2022-12-31 1,444 275 133 2
2021-12-31 1,457 307 137 11
2020-12-31 1,262 264 87 11
2020-04-06
DB:6FE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,488 411 179
2019-09-30 1,496 412 270
2019-06-30 1,495 405 274
2019-03-31 1,463 395 269
2018-12-31 1,464 413 276
2018-09-30 1,451 407 295
2018-06-30 1,412 447 291
2018-03-31 1,389 483 269
2017-12-31 1,359 445 274
2017-09-30 1,342 468 178
2017-06-30 1,319 458 99
2017-03-31 1,304 456 108

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Six Flags Entertainment's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Six Flags Entertainment's revenue is expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:6FE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Six Flags Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6FE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.93 1.93 1.93 1.00
2021-12-31 1.68 2.01 1.33 7.00
2020-12-31 1.09 1.75 -0.77 8.00
2020-04-06
DB:6FE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.12
2019-09-30 3.20
2019-06-30 3.26
2019-03-31 3.20
2018-12-31 3.28
2018-09-30 3.50
2018-06-30 3.46
2018-03-31 3.16
2017-12-31 3.15
2017-09-30 2.00
2017-06-30 1.09
2017-03-31 1.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Six Flags Entertainment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Six Flags Entertainment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Six Flags Entertainment has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

6FE Past Performance

  How has Six Flags Entertainment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Six Flags Entertainment's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Six Flags Entertainment has delivered over 20% year on year earnings growth in the past 5 years.
  • Six Flags Entertainment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Six Flags Entertainment's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Six Flags Entertainment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Six Flags Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6FE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,487.58 179.07 232.80
2019-09-30 1,496.09 269.64 113.47
2019-06-30 1,494.73 274.23 125.75
2019-03-31 1,462.94 269.21 130.84
2018-12-31 1,463.71 276.00 156.30
2018-09-30 1,450.96 294.59 252.77
2018-06-30 1,411.56 291.50 188.06
2018-03-31 1,388.51 269.02 152.68
2017-12-31 1,359.07 273.82 155.75
2017-09-30 1,341.63 177.67 156.93
2017-06-30 1,318.81 98.83 280.28
2017-03-31 1,303.51 107.69 301.66
2016-12-31 1,319.40 118.30 291.09
2016-09-30 1,297.54 118.62 292.03
2016-06-30 1,315.20 173.44 219.80
2016-03-31 1,294.20 178.08 216.49
2015-12-31 1,263.94 154.69 234.81
2015-09-30 1,230.16 117.84 261.68
2015-06-30 1,196.74 65.58 326.45
2015-03-31 1,187.23 66.35 331.21
2014-12-31 1,175.79 75.48 310.96
2014-09-30 1,146.30 122.91 266.49
2014-06-30 1,108.98 138.27 192.47
2014-03-31 1,096.13 119.33 192.55
2013-12-31 1,109.93 118.00 189.22
2013-09-30 1,099.66 260.88 202.42
2013-06-30 1,080.28 386.29 203.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Six Flags Entertainment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Six Flags Entertainment used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Six Flags Entertainment has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Six Flags Entertainment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Six Flags Entertainment has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

6FE Health

 How is Six Flags Entertainment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Six Flags Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Six Flags Entertainment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Six Flags Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Six Flags Entertainment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Six Flags Entertainment has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Six Flags Entertainment Company Filings, last reported 3 months ago.

DB:6FE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -186.86 2,278.34 174.66
2019-09-30 -89.80 2,283.32 212.52
2019-06-30 -204.42 2,280.63 113.80
2019-03-31 -239.91 2,229.56 20.43
2018-12-31 -117.82 2,106.51 44.61
2018-09-30 -1.21 2,062.47 68.56
2018-06-30 -151.99 2,180.42 68.63
2018-03-31 -203.74 2,176.68 33.06
2017-12-31 -10.68 2,021.18 77.50
2017-09-30 -67.71 2,020.32 82.68
2017-06-30 -49.41 2,048.35 68.28
2017-03-31 301.04 1,714.94 31.00
2016-12-31 299.39 1,654.52 137.39
2016-09-30 436.27 1,654.27 238.76
2016-06-30 362.53 1,654.20 163.55
2016-03-31 362.54 1,578.77 22.59
2015-12-31 459.94 1,507.13 99.76
2015-09-30 616.01 1,527.02 210.83
2015-06-30 590.28 1,527.93 154.79
2015-03-31 562.13 1,476.09 16.35
2014-12-31 661.44 1,381.23 73.88
2014-09-30 805.31 1,398.12 164.78
2014-06-30 760.04 1,399.49 117.24
2014-03-31 710.74 1,399.32 22.39
2013-12-31 810.91 1,400.60 169.31
2013-09-30 860.82 1,401.43 200.96
2013-06-30 863.63 1,402.68 201.22
  • Six Flags Entertainment has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Six Flags Entertainment's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Six Flags Entertainment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Six Flags Entertainment has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

6FE Dividends

 What is Six Flags Entertainment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.36%
Current annual income from Six Flags Entertainment dividends. Estimated to be 9.18% next year.
If you bought €2,000 of Six Flags Entertainment shares you are expected to receive €187 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Six Flags Entertainment's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Six Flags Entertainment's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:6FE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:6FE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.00 1.00
2021-12-31 0.96 5.00
2020-12-31 1.00 4.00
2020-04-06
DB:6FE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-20 1.000 6.167
2019-11-18 3.320 8.030
2019-08-23 3.280 6.570
2019-05-01 3.280 6.225
2019-02-06 3.280 6.241
2018-11-14 3.280 5.562
2018-08-16 3.120 4.863
2018-05-03 3.120 4.643
2018-02-07 3.120 4.943
2017-11-08 2.800 4.231
2017-08-17 2.560 4.398
2017-05-04 2.560 4.355
2017-02-09 2.560 4.283
2016-11-08 2.560 4.337
2016-08-25 2.320 4.456
2016-05-05 2.320 4.107
2016-02-04 2.320 4.270
2015-11-03 2.320 4.468
2015-08-20 2.080 4.424
2015-05-07 2.080 4.434
2015-02-05 2.080 4.398
2014-10-21 2.080 5.002
2014-08-20 1.880 5.357
2014-05-08 1.880 4.680
2014-02-12 1.880 4.654
2013-11-07 1.880 5.138
2013-08-21 1.800 5.211
2013-05-08 1.800 4.869
2013-02-07 1.800 5.135
2012-10-24 1.800 5.977
2012-05-02 1.200 4.461
2012-02-08 1.200 5.186
2011-11-03 0.120 0.607
2011-08-04 0.120 0.770
2011-05-05 0.060 0.324
2011-02-04 0.060 0.359

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Six Flags Entertainment has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Six Flags Entertainment only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Six Flags Entertainment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Six Flags Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Six Flags Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Six Flags Entertainment has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

6FE Management

 What is the CEO of Six Flags Entertainment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Spanos
COMPENSATION $4,850,190
AGE 54
TENURE AS CEO 0.4 years
CEO Bio

Mr. Michael Spanos, also known as Mike, has been a Director of Six Flags Entertainment Corporation since October 24, 2019 and has been its President and Chief Executive Officer since November 18, 2019. Mr. Spanos had been Chief Executive Officer of Asia, Middle East and North Africa at Pepsico, Inc. since January 1, 2018 until 2019. Mr. Spanos previously served as interim head of PepsiCo’s Asia, Middle East and North Africa division from October 2017 to January 2018 and as Chief Executive Officer of Greater China Region and President of Greater China Region at Pepsico, Inc. from September 2014 to January 1, 2018. He served as Senior Vice President and General Manager, PepsiCo Beverages Company’s west business unit from March 2011 to October 2011 and as Senior Vice President, Retail Sales and Execution, PepsiCo Beverages Company from March 2010 to March 2011. Mr. Spanos is a 20-year PepsiCo veteran, responsible for PepsiCo’s China business across beverages, foods and dairy. He served as the Chief Customer Officer and Senior Vice President for PepsiCo North America Beverages from October 2011 to September 2014. Mr. Spanos joined PepsiCo in 1993 as a territory sales manager and unit manager in the Philadelphia market unit and served in various other leadership roles through March 2010. Mr. Spanos also served as Senior Vice President and General Manager for the West BU. Before joining PepsiCo in 1993, he served in the United States Marines Corps from 1987 to 1993 and with Tallahassee Medical Company as a sales representative in 1993. He also served as Strategic Advisor at ClearVue Partners. Mr. Spanos is a graduate of the US Naval Academy with a BS in history. He received his MS in Organizational Behavior from the University of Pennsylvania.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Six Flags Entertainment management team in years:

1.8
Average Tenure
53
Average Age
  • The average tenure for the Six Flags Entertainment management team is less than 2 years, this suggests a new team.
Management Team

Mike Spanos

TITLE
President
COMPENSATION
$5M
AGE
54
TENURE
0.4 yrs

Brett Petit

TITLE
Senior Vice President of Marketing & Sales
COMPENSATION
$855K
AGE
55
TENURE
9.8 yrs

Kathy Aslin

TITLE
Senior Vice President of Human Resources
COMPENSATION
$639K
AGE
43
TENURE
3.3 yrs

Marshall Barber

TITLE
Transitional Advisor
COMPENSATION
$1M
AGE
55
TENURE
0.2 yrs

Lance Balk

TITLE
Of Counsel Advisor
COMPENSATION
$1M
AGE
61
TENURE
0.1 yrs

Leonard Russ

TITLE
Interim CFO and Senior VP of Strategic Planning & Analysis
AGE
45
TENURE
0.2 yrs

Mario Centola

TITLE
Vice President of International Operations & Business Development
AGE
48
TENURE
1.8 yrs

Wilson Brooks

TITLE
VP & Chief Accounting Officer
AGE
32
TENURE
1.8 yrs

David Austin

TITLE
Senior VP of Information Systems & Chief Information Officer
AGE
57
TENURE
2.3 yrs

Steve Purtell

TITLE
Senior VP of Investor Relations & Treasurer
AGE
52
Board of Directors Tenure

Average tenure and age of the Six Flags Entertainment board of directors in years:

0.5
Average Tenure
57
Average Age
  • The average tenure for the Six Flags Entertainment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rich Roedel

TITLE
Independent Non-Executive Chairman
COMPENSATION
$297K
AGE
70
TENURE
0.4 yrs

Mike Spanos

TITLE
President
COMPENSATION
$5M
AGE
54
TENURE
0.5 yrs

Steve Owens

TITLE
Independent Director
COMPENSATION
$267K
AGE
48
TENURE
9.9 yrs

Kurt Cellar

TITLE
Independent Director
COMPENSATION
$262K
AGE
49
TENURE
9.9 yrs

Jon Luther

TITLE
Independent Director
COMPENSATION
$270K
AGE
75
TENURE
9.9 yrs

Nancy Krejsa

TITLE
Independent Director
COMPENSATION
$230K
AGE
60
TENURE
3.1 yrs

Arik Ruchim

TITLE
Independent Director
AGE
39
TENURE
0.3 yrs

B. Baldanza

TITLE
Independent Director
AGE
57
TENURE
0.2 yrs

Selim Bassoul

TITLE
Independent Director
AGE
62
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Six Flags Entertainment individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Buy B. Baldanza Individual 17. Mar 20 17. Mar 20 1,638 €13.42 €21,983
05. Mar 20 Buy Arik Ruchim Individual 03. Mar 20 05. Mar 20 300,000 €21.31 €5,895,890
02. Mar 20 Buy Arik Ruchim Individual 27. Feb 20 02. Mar 20 500,000 €23.35 €11,244,806
26. Feb 20 Buy Michael Spanos Individual 24. Feb 20 24. Feb 20 16,075 €28.81 €463,080
27. Feb 20 Buy Selim Bassoul Individual 27. Feb 20 27. Feb 20 18,860 €24.15 €455,558
26. Feb 20 Buy H Partners Management, LLC Company 24. Feb 20 26. Feb 20 1,500,000 €28.38 €40,497,335
26. Feb 20 Buy Arik Ruchim Individual 24. Feb 20 26. Feb 20 1,500,000 €28.38 €40,497,335
16. Jan 20 Buy H Partners Management, LLC Company 10. Jan 20 14. Jan 20 768,347 €32.25 €24,671,714
19. Nov 19 Buy Jon Luther Individual 18. Nov 19 18. Nov 19 2,175 €41.38 €90,006
19. Nov 19 Buy Michael Spanos Individual 18. Nov 19 18. Nov 19 10,950 €41.24 €451,620
12. Nov 19 Buy Richard Roedel Individual 08. Nov 19 08. Nov 19 5,662 €40.20 €226,763
X
Management checks
We assess Six Flags Entertainment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Six Flags Entertainment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

6FE News

Simply Wall St News

6FE Company Info

Description

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. The company’s parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 26 parks in the United States, Mexico, and Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Grand Prairie, Texas.

Details
Name: Six Flags Entertainment Corporation
6FE
Exchange: DB
Founded: 1961
$838,138,455
84,666,505
Website: http://www.sixflags.com
Address: Six Flags Entertainment Corporation
924 Avenue J East,
Grand Prairie,
Texas, 75050,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SIX Common Stock New York Stock Exchange US USD 11. May 2010
DB 6FE Common Stock Deutsche Boerse AG DE EUR 11. May 2010
Number of employees
Current staff
Staff numbers
2,450
Six Flags Entertainment employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 01:17
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.