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SeaWorld Entertainment

DB:W2L
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
W2L
DB
$712M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

SeaWorld Entertainment, Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • SeaWorld Entertainment has significant price volatility in the past 3 months.
W2L Share Price and Events
7 Day Returns
-34.6%
DB:W2L
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-62.9%
DB:W2L
-48.1%
DE Hospitality
-20.9%
DE Market
W2L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SeaWorld Entertainment (W2L) -34.6% -57.2% -72% -62.9% -48% -57.1%
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
  • W2L underperformed the Hospitality industry which returned -48.1% over the past year.
  • W2L underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
W2L
Industry
5yr Volatility vs Market

Value

 Is SeaWorld 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 SeaWorld 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 SeaWorld Entertainment.

DB:W2L Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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:W2L
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%) (236.09%))
1.831
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.831 * 5.44%)
9.57%

Discounted Cash Flow Calculation for DB:W2L using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SeaWorld 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:W2L DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.57%)
2020 195.00 Analyst x2 177.97
2021 199.25 Analyst x2 165.96
2022 201.79 Est @ 1.27% 153.39
2023 203.35 Est @ 0.77% 141.07
2024 204.21 Est @ 0.42% 129.29
2025 204.58 Est @ 0.18% 118.21
2026 204.60 Est @ 0.01% 107.90
2027 204.37 Est @ -0.11% 98.36
2028 203.97 Est @ -0.19% 89.59
2029 203.46 Est @ -0.25% 81.56
Present value of next 10 years cash flows $1,263.00
DB:W2L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $203.46 × (1 + -0.39%) ÷ (9.57% – -0.39%)
$2,034.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,034.40 ÷ (1 + 9.57%)10
$815.54
DB:W2L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,263.00 + $815.54
$2,078.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,078.54 / 78.73
$26.4
DB:W2L Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:W2L represents 0.88951x of NYSE:SEAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88951x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.40 x 0.88951
€23.48
Value per share (EUR) From above. €23.48
Current discount Discount to share price of €8.05
= -1 x (€8.05 - €23.48) / €23.48
65.7%

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

Current Discount
Amount off the current price SeaWorld Entertainment is available for.
Intrinsic value
>50%
Share price is €8.05 vs Future cash flow value of €23.48
Current Discount Checks
For SeaWorld Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SeaWorld Entertainment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SeaWorld Entertainment's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 SeaWorld Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SeaWorld Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:W2L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.11
NYSE:SEAS Share Price ** NYSE (2020-04-03) in USD $9.05
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 SeaWorld Entertainment.

DB:W2L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 9.05 ÷ 1.11

8.12x

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

  • SeaWorld Entertainment is good value based on earnings compared to the DE Hospitality industry average.
  • SeaWorld Entertainment is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SeaWorld Entertainment's expected growth come at a high price?
Raw Data
DB:W2L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
25%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:W2L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.12x ÷ 25%

0.33x

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

  • SeaWorld Entertainment is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SeaWorld Entertainment's assets?
Raw Data
DB:W2L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.69
NYSE:SEAS Share Price * NYSE (2020-04-03) in USD $9.05
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:W2L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.05 ÷ 2.69

3.36x

* Primary Listing of SeaWorld Entertainment.

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

  • SeaWorld Entertainment is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess SeaWorld 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. SeaWorld Entertainment has a total score of 5/6, 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.

Future Performance

 How is SeaWorld Entertainment expected to perform in the next 1 to 3 years based on estimates from 9 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
25%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SeaWorld Entertainment expected to grow at an attractive rate?
  • SeaWorld Entertainment's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SeaWorld Entertainment's earnings growth is expected to exceed the Germany market average.
  • SeaWorld Entertainment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:W2L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:W2L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 25%
DB:W2L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.4%
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:W2L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:W2L Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,532 199 1
2021-12-31 1,419 336 153 8
2020-12-31 1,254 311 88 9
2020-04-06
DB:W2L Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,398 348 89
2019-09-30 1,380 340 103
2019-06-30 1,390 335 101
2019-03-31 1,376 311 71
2018-12-31 1,372 294 45
2018-09-30 1,358 272 35
2018-06-30 1,312 231 -6
2018-03-31 1,294 207 -204
2017-12-31 1,263 192 -202
2017-09-30 1,265 209 -194
2017-06-30 1,313 257 -183
2017-03-31 1,310 254 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SeaWorld Entertainment's earnings are expected to grow significantly at over 20% yearly.
  • SeaWorld Entertainment's revenue is expected to grow by 1.4% 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:W2L 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 9 Analyst Estimates (S&P Global) See Below

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

DB:W2L Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.59 2.54 0.63 2.00
2021-12-31 1.74 2.30 0.47 8.00
2020-12-31 0.66 2.26 -3.79 10.00
2020-04-06
DB:W2L Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.11
2019-09-30 1.25
2019-06-30 1.19
2019-03-31 0.83
2018-12-31 0.52
2018-09-30 0.41
2018-06-30 -0.06
2018-03-31 -2.37
2017-12-31 -2.36
2017-09-30 -2.26
2017-06-30 -2.14
2017-03-31 0.12

*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.
  • SeaWorld Entertainment is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess SeaWorld 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.
SeaWorld Entertainment has a total score of 4/6, 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.

Past Performance

  How has SeaWorld 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 SeaWorld 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.
  • SeaWorld Entertainment's year on year earnings growth rate has been positive over the past 5 years.
  • SeaWorld Entertainment's 1-year earnings growth exceeds its 5-year average (99.8% vs 3.8%)
  • SeaWorld Entertainment's earnings growth has exceeded the DE Hospitality industry average in the past year (99.8% vs -36.8%).
Earnings and Revenue History
SeaWorld 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 SeaWorld Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W2L 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 1,398.24 89.48 222.93
2019-09-30 1,380.26 102.61 229.92
2019-06-30 1,389.77 100.57 211.95
2019-03-31 1,375.70 70.61 206.72
2018-12-31 1,372.29 44.79 201.42
2018-09-30 1,357.77 35.40 220.97
2018-06-30 1,312.30 -5.55 224.19
2018-03-31 1,294.13 -204.10 227.34
2017-12-31 1,263.32 -202.39 228.84
2017-09-30 1,265.42 -193.85 218.36
2017-06-30 1,313.02 -183.23 220.74
2017-03-31 1,310.41 10.39 223.62
2016-12-31 1,344.29 -12.53 238.56
2016-09-30 1,344.55 -11.65 238.52
2016-06-30 1,356.17 20.64 229.06
2016-03-31 1,376.65 8.68 230.35
2015-12-31 1,371.00 49.13 214.07
2015-09-30 1,367.68 34.72 208.57
2015-06-30 1,366.58 23.94 210.13
2015-03-31 1,380.11 55.54 195.37
2014-12-31 1,377.81 49.92 189.37
2014-09-30 1,385.23 62.40 190.60
2014-06-30 1,427.79 96.32 188.78
2014-03-31 1,433.93 43.06 192.39
2013-12-31 1,460.25 51.92 187.30
2013-09-30 1,451.46 56.09 183.93
2013-06-30 1,435.33 27.24 195.31

*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.
  • Whilst SeaWorld Entertainment made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • SeaWorld Entertainment used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • SeaWorld Entertainment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SeaWorld 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.
SeaWorld Entertainment has a total score of 5/6, 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.

Health

 How is SeaWorld 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 SeaWorld Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SeaWorld Entertainment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SeaWorld Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SeaWorld 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.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 SeaWorld Entertainment Company Filings, last reported 3 months ago.

DB:W2L Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 210.89 1,550.28 39.95
2019-09-30 231.70 1,554.29 50.92
2019-06-30 131.55 1,652.82 43.60
2019-03-31 226.42 1,572.21 51.86
2018-12-31 265.19 1,540.18 34.07
2018-09-30 373.34 1,513.00 125.67
2018-06-30 269.68 1,517.77 33.45
2018-03-31 238.08 1,577.55 39.34
2017-12-31 287.47 1,550.77 33.18
2017-09-30 299.51 1,548.68 52.34
2017-06-30 239.23 1,596.80 33.83
2017-03-31 405.84 1,628.16 33.22
2016-12-31 461.22 1,605.59 68.96
2016-09-30 458.54 1,599.37 55.81
2016-06-30 397.73 1,669.77 29.23
2016-03-31 401.05 1,675.23 41.49
2015-12-31 504.12 1,600.34 18.97
2015-09-30 540.71 1,623.17 119.65
2015-06-30 485.06 1,609.60 52.93
2015-03-31 500.61 1,632.80 43.37
2014-12-31 579.54 1,584.08 43.91
2014-09-30 620.12 1,606.57 115.19
2014-06-30 555.40 1,638.11 63.01
2014-03-31 587.41 1,639.09 61.24
2013-12-31 648.03 1,646.58 116.84
2013-09-30 729.29 1,643.54 210.52
2013-06-30 625.81 1,648.88 93.94
  • SeaWorld Entertainment's level of debt (735.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (273.8% vs 735.1% today).
  • Debt is well covered by operating cash flow (22.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess SeaWorld 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. SeaWorld 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.

Dividends

 What is SeaWorld 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
0%
Current annual income from SeaWorld Entertainment dividends. Estimated to be 0% next year.
If you bought €2,000 of SeaWorld Entertainment shares you are expected to receive €0 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?
  • Unable to evaluate SeaWorld Entertainment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SeaWorld Entertainment's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:W2L 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 9 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:W2L Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2020-04-06
DB:W2L Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-08-07 0.000 0.000
2018-08-06 0.000 0.000
2018-05-09 0.000 0.000
2018-05-08 0.000 0.000
2018-02-28 0.000 0.000
2018-02-27 0.000 0.000
2017-11-08 0.000 0.000
2017-11-07 0.000 0.000
2017-08-09 0.000 0.000
2017-08-08 0.000 0.000
2017-05-09 0.000 0.000
2017-03-01 0.000 0.000
2017-02-28 0.000 0.000
2016-09-19 0.000 0.000
2016-06-08 0.840 5.987
2016-02-22 0.840 4.449
2016-01-05 0.840 4.535
2015-09-16 0.840 4.556
2015-06-10 0.840 4.564
2015-03-03 0.840 4.110
2015-01-05 0.840 4.684
2014-09-17 0.840 4.714
2014-08-14 0.840 4.194
2014-08-13 0.840 4.556
2014-05-15 0.840 2.903
2014-05-14 0.840 2.847
2014-03-04 0.800 2.580
2013-12-11 0.800 2.561
2013-09-11 0.800 2.657
2013-06-12 0.800 2.277

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

  • Unable to perform a dividend volatility check as SeaWorld Entertainment has not reported any payouts.
  • Unable to verify if SeaWorld Entertainment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SeaWorld Entertainment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SeaWorld Entertainment has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of SeaWorld Entertainment's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess SeaWorld 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 SeaWorld Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SeaWorld Entertainment has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of SeaWorld 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
Serge Rivera
AGE 56
TENURE AS CEO 0.4 years
CEO Bio

Mr. Sergio D. Rivera, also known as Serge, serves as Chief Executive Officer at SeaWorld Entertainment, Inc. since November 11, 2019 and has been its Director since November 11, 2019. Mr. Rivera served as President and Chief Executive Officer of the Vacation Ownership Segment at ILG, Inc. since November 07, 2016 and serves as its Executive Vice President. He served as the Executive Vice President of ILG, Inc. (Formerly Interval Leisure Group, Inc.). until September 1, 2018. Mr. Rivera served as the President of Americas at Starwood Hotels & Resorts Worldwide Inc. from July 1, 2014 to September 23, 2016. He was responsible for the performance and growth of all of Starwood’s brands and businesses operating in North America, the Caribbean, South & Central America and Polynesia. He has solid experience in real estate development and finance, operations, consumer marketing and sales and brand development. Mr. Rivera began his career with Starwood through its predecessor company, Vistana Resorts, in 1989. Mr. Rivera served as Co-President of The Americas division for Starwood Hotels & Resorts from July 2012 to February 2014. He held progressively senior management roles within Starwood, including Controller, Vice President of Sales and Marketing, Senior Vice President of International Operations and President of Global Real Estate from 2006 to 2007. Mr. Rivera served as Chief Executive Officer of Starwood Vacation Ownership (now Vistana Signature Experiences, Inc) since September 2, 2008 and served as its President, Managing Director of Real Estate Development and President of Real Estate Development. He was responsible for the overall performance of Starwood's Vacation Ownership and Residential Development operations. Mr. Rivera has been an Independent Director of Welltower Inc. since August 26, 2014. He served as a Director of ILG, Inc. from May 19, 2016 to September 1, 2018. He serves as Director for the American Hotel and Lodging Association. He serves as Director and Trustee of the American Resort Development Association. Mr. Rivera serves as Trustee of the Florida Chamber of Commerce. He is a member of the Urban Land Institute and Trustee of The Nature Conservancy Florida Chapter. Additionally, he serves as a member of the University Of Central Florida Rosen College Of Hospitality Management Advisory Board, a member of the Florida International University Chaplin School of Hospitality & Tourism Management Dean’s Advisory Council, a member of the CEO Roundtable of the U.S. Travel Association. Mr. Rivera earned BA in Finance and International Business from Florida International University and Masters of Business Administration degree from Florida International University.

CEO Compensation
  • Insufficient data for Serge to compare compensation growth.
  • Insufficient data for Serge to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

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

1.8
Average Tenure
51
Average Age
  • The average tenure for the SeaWorld Entertainment management team is less than 2 years, this suggests a new team.
Management Team

Marc Swanson

TITLE
CFO & Treasurer
COMPENSATION
$1M
AGE
48
TENURE
2.7 yrs

Tony Taylor

TITLE
Chief Legal Officer
COMPENSATION
$1M
AGE
54

Chris Dold

TITLE
Chief Zoological Officer
COMPENSATION
$709K
AGE
46
TENURE
4 yrs

Walter Bogumil

TITLE
Chief Strategy Officer
COMPENSATION
$3M
AGE
47
TENURE
1.8 yrs

Serge Rivera

TITLE
CEO & Director
AGE
56
TENURE
0.4 yrs

Elizabeth Gulacsy

TITLE
Chief Accounting Officer
AGE
45
TENURE
0.4 yrs

Matthew Stroud

TITLE
Vice President of Investor Relations
AGE
54

Suzanne Beasley

TITLE
Manager of Corporate Communications

Sherri Nadeau

TITLE
Chief Human Resources Officer
AGE
56
TENURE
0.8 yrs

Peter Frey

TITLE
Senior Marketing Officer of Seaworld Brands
TENURE
9.2 yrs
Board of Directors Tenure

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

0.8
Average Tenure
60
Average Age
  • The average tenure for the SeaWorld Entertainment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Scott Ross

TITLE
Non-Executive Chairman
COMPENSATION
$184K
AGE
40
TENURE
0.8 yrs

Serge Rivera

TITLE
CEO & Director
AGE
56
TENURE
0.4 yrs

Tom Moloney

TITLE
Independent Director
COMPENSATION
$227K
AGE
75
TENURE
5.3 yrs

James Chambers

TITLE
Director
AGE
33
TENURE
0.8 yrs

Bill Gray

TITLE
Independent Director
COMPENSATION
$203K
AGE
67
TENURE
5.3 yrs

Ron Bension

TITLE
Independent Director
COMPENSATION
$204K
AGE
64
TENURE
4 yrs

Yoshikazu Maruyama

TITLE
Independent Director
COMPENSATION
$296K
AGE
48
TENURE
2.8 yrs

Charles Koppelman

TITLE
Director
AGE
79
TENURE
0.8 yrs

Neha Narang

TITLE
Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Dec 19 Sell Christopher Dold Individual 06. Dec 19 06. Dec 19 -3,661 €26.32 €-96,348
06. Dec 19 Sell G. Taylor Individual 04. Dec 19 04. Dec 19 -6,817 €26.34 €-179,571
30. May 19 Buy Hill Path Capital LP Company 27. May 19 27. May 19 13,214,000 €23.87 €315,357,197
29. May 19 Sell Pacific Alliance Investment Management Limited Company 27. May 19 27. May 19 -18,829,874 €23.87 €-449,382,193
X
Management checks
We assess SeaWorld 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. SeaWorld 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.

News

Simply Wall St News

Company Info

Description

SeaWorld Entertainment, Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. It also operates water park attractions in Orlando, Florida; San Antonio, Texas; San Diego, California; Tampa, Florida; and Williamsburg, Virginia. In addition, the company operates a reservations-only theme park in Orlando, Florida and a seasonal park in Langhorne, Pennsylvania. It operates a portfolio of 12 destination and regional theme parks. The company was formerly known as SW Holdco, Inc. and changed its name to SeaWorld Entertainment, Inc. in December 2012. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.

Details
Name: SeaWorld Entertainment, Inc.
W2L
Exchange: DB
Founded: 1959
$660,388,964
78,726,029
Website: http://seaworldentertainment.com
Address: SeaWorld Entertainment, Inc.
6240 Sea Harbor Drive,
Orlando,
Florida, 32821,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SEAS Common Stock New York Stock Exchange US USD 19. Apr 2013
DB W2L Common Stock Deutsche Boerse AG DE EUR 19. Apr 2013
BRSE W2L Common Stock Berne Stock Exchange CH CHF 19. Apr 2013
Number of employees
Current staff
Staff numbers
9,800
SeaWorld Entertainment employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 02:24
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/27
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.