Six Flags Entertainment Stock Current Asset
| FUN Stock | USD 14.91 0.21 1.39% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Six Flags' long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Six Flags Entertainment Company Current Asset Analysis
Six Flags' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Six Flags Current Asset | 184.03 M |
Most of Six Flags' fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Six Flags Entertainment is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
| Competition |
In accordance with the recently published financial statements, Six Flags Entertainment has a Current Asset of 184.03 M. This is 99.65% lower than that of the Hotels, Restaurants & Leisure sector and 92.01% lower than that of the Consumer Discretionary industry. The current asset for all United States stocks is 98.03% higher than that of the company.
Six Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Six Flags' direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Six Flags could also be used in its relative valuation, which is a method of valuing Six Flags by comparing valuation metrics of similar companies.Six Flags is currently under evaluation in current asset category among its peers.
Six Fundamentals
| Return On Equity | -0.92 | ||||
| Return On Asset | 0.0249 | ||||
| Profit Margin | (0.56) % | ||||
| Operating Margin | 0.33 % | ||||
| Current Valuation | 6.7 B | ||||
| Shares Outstanding | 101.47 M | ||||
| Shares Owned By Insiders | 1.80 % | ||||
| Shares Owned By Institutions | 98.25 % | ||||
| Number Of Shares Shorted | 19.47 M | ||||
| Price To Earning | 26.81 X | ||||
| Price To Book | 2.50 X | ||||
| Price To Sales | 0.49 X | ||||
| Revenue | 2.71 B | ||||
| Gross Profit | 1.18 B | ||||
| EBITDA | 587.06 M | ||||
| Net Income | (206.66 M) | ||||
| Cash And Equivalents | 83.17 M | ||||
| Cash Per Share | 2.20 X | ||||
| Total Debt | 5.16 B | ||||
| Debt To Equity | 76.24 % | ||||
| Current Ratio | 0.94 X | ||||
| Book Value Per Share | 6.07 X | ||||
| Cash Flow From Operations | 373.41 M | ||||
| Short Ratio | 4.15 X | ||||
| Earnings Per Share | (18.70) X | ||||
| Price To Earnings To Growth | 3.72 X | ||||
| Target Price | 26.08 | ||||
| Number Of Employees | 5 K | ||||
| Beta | 0.38 | ||||
| Market Capitalization | 1.53 B | ||||
| Total Asset | 9.13 B | ||||
| Retained Earnings | (164.27 M) | ||||
| Working Capital | (526.81 M) | ||||
| Current Asset | 184.03 M | ||||
| Current Liabilities | 198.67 M | ||||
| Five Year Return | 6.52 % | ||||
| Net Asset | 9.13 B |
About Six Flags Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Six Flags Entertainment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Six Flags using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Six Flags Entertainment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Six Flags
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Six Flags position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Six Flags will appreciate offsetting losses from the drop in the long position's value.Moving together with Six Stock
| 0.65 | BH | Biglari Holdings | PairCorr |
| 0.66 | SG | Sweetgreen | PairCorr |
| 0.63 | CDROW | Codere Online Luxembourg | PairCorr |
Moving against Six Stock
| 0.75 | SKC | Skycity Entertainment | PairCorr |
| 0.72 | RFG | Retail Food Group | PairCorr |
| 0.69 | CEH | Coast Entertainment | PairCorr |
| 0.53 | CNC | Concurrent Technologies | PairCorr |
| 0.41 | MCD | McDonalds | PairCorr |
The ability to find closely correlated positions to Six Flags could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Six Flags when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Six Flags - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Six Flags Entertainment to buy it.
The correlation of Six Flags is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Six Flags moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Six Flags Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Six Flags can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Six Flags Piotroski F Score and Six Flags Altman Z Score analysis. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Six Flags. If investors know Six will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Six Flags listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Six Flags Entertainment is measured differently than its book value, which is the value of Six that is recorded on the company's balance sheet. Investors also form their own opinion of Six Flags' value that differs from its market value or its book value, called intrinsic value, which is Six Flags' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Six Flags' market value can be influenced by many factors that don't directly affect Six Flags' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Six Flags' value and its price as these two are different measures arrived at by different means. Investors typically determine if Six Flags is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Six Flags' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.