United Parks & Resorts Inc. (PRKS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+86.8%

$62.45

vs $33.44 price

Levered DCF

$48.52

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.59

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.75×	14.71×	14.46×	12.8×	19.77×	-7.92×	28.57×	42.48×
P/B	-4.55×	-7.25×	-16.25×	-8.51×	-149.74×	-23.35×	12.08×	7.18×
P/S	1.19×	1.94×	1.96×	2.15×	3.38×	5.72×	1.82×	1.39×
EV / EBITDA	7.91×	8.98×	8.73×	8.9×	13.17×	-47.63×	11.19×	11.29×
Gross margin	92.3%	92.4%	92.4%	92.2%	92.4%	91.5%	34.5%	29.1%
Operating margin	22.3%	26.9%	26.6%	29.3%	28.7%	-56.0%	18.0%	13.2%
Net margin	10.1%	13.2%	13.6%	16.8%	17.1%	-72.3%	6.4%	3.3%
Current ratio	0.74×	0.65×	0.95×	0.57×	1.53×	1.6×	0.42×	0.47×
Debt / equity	-5.4×	-5.12×	-10.67×	-5.09×	-65.95×	-21.89×	7.95×	5.81×
Interest coverage	2.76×	2.76×	3.13×	4.32×	3.7×	-2.39×	3×	2.24×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-38.6%	-49.3%	-112.5%	-66.5%	-756.3%	295.2%	42.4%	16.9%
Return on invested capital	12.2%	16.6%	15.4%	19.6%	19.2%	-9.7%	8.9%	7.0%
Return on assets	6.4%	8.8%	8.9%	12.5%	9.8%	-12.2%	3.9%	2.1%
Free cash flow yield	13.3%	6.9%	5.9%	9.8%	7.4%	-9.3%	6.0%	6.0%
Earnings yield	8.5%	6.8%	6.9%	7.8%	5.1%	-12.6%	3.5%	2.4%
Enterprise value	$4.2B	$5.6B	$5.4B	$5.9B	$6.9B	$4.4B	$4.2B	$3.4B
Net debt / EBITDA	4.21×	3.61×	3.22×	3.26×	3.44×	-20.6×	4.38×	4.99×
Cash conversion cycle (days)	-271	-310	-293	-268	-316	-717	-18	-16