PRKS
United Parks & Resorts Inc.
$36.78
Platform & Compounding FCF
85%
Two-stage FCF DCF
Mild
·
Conviction
Overvalued
Trading 11.2% above fair value
You pay
$36.78
Bear
$25.56
Fair
$33.08
Bull
$41.74
Bear
$25.56
-30.5%
3% stage 1 growth, 11% discount
Fair
$33.08
-10.1%
4% stage 1 growth, 11% discount
Bull
$41.74
+13.5%
5% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (4% base case)
Terminal Value % of EV
34%
Implied Market Multiple
15.7x
Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $48.75 from 23 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $33.08 per share.
Warnings
Wall Street's average price target is $48.75 (from 23 analysts). Our estimate is 43% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions