Cedar Fair L.P. chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 32.56
Dividend & Yield1.20$ (2.58%)
Beta 1.49
Market capitalization 2.45B
Operating cash flow 407.67M
ESG Scores unknown

Company description

Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St. Paul, Minnesota; Michigan's Adventure situated near Muskegon, Michigan; Schlitterbahn Waterpark & Resort New Braunfels in New Braunfels, Texas; and Schlitterbahn Waterpark Galveston in Galveston, Texas. The company also owns and operates the Castaway Bay Indoor Waterpark Resort, Hotel Breakers, Cedar Point's Express Hotel, and Sawmill Creek Resort. Cedar Fair, L.P. was founded in 1983 and is headquartered in Sandusky, Ohio.

Sector: Consumer Cyclical - Industry: Leisure

Financial Ratios
Quick Ratio0.61
Working Capital0.41
Return On Equity0.07
Debt To Equity-3.64
Fixed Asset Ratio0.03
Fixed Interest Cover0.96

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 35.81M 21.24M 38.14M -32.4M
Total Cashflows From Investing Activities -600.22M -120.82M -57.78M 126.65M
Net Borrowings 494.38M 834.88M -460.75M -264.25M
Total Cash From Financing Activities 270.47M 730.85M -466.43M -489.55M
Change To Operating Activities 14.28M -7M 35.45M 9.21M
Issuance Of Stock
Net Income 172.36M -590.24M -48.52M 307.67M
Change In Cash 76.9M 194.48M -315.62M 40.07M
Effect Of Exchange Rate 3.61M 992k 7.37M -4.7M
Total Cash From Operating Activities 403.04M -416.54M 201.23M 407.67M
Depreciation 170.46M 157.55M 148.8M 153.27M
Change To Account Receivables -8.17M 28.73M -27.65M -9.12M
Other Cashflows From Financing Activities -9.65M -46.38M -1.03M -2.06M
Change To Netincome 9.96M 85.17M 56.22M -118.07M
Capital Expenditures -330.66M -129.09M -59.18M -183.35M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 215.15M -728.16M -28.48M 371.66M
Net Income 172.36M -590.24M -48.52M 307.67M
Selling General Administrative 215.09M 100.96M 219.76M 260.59M
Gross Profit 706.46M -194.22M 527.51M 788.83M
Ebit 320.92M -452.72M 158.95M 374.97M
Operating Income 320.92M -452.72M 158.95M 374.97M
Interest Expense -116.9M -166.52M -165.03M -126.3M
Income Tax Expense 42.79M -137.91M 20.04M 63.99M
Total Revenue 1.47B 181.56M 1.34B 1.82B
Cost Of Revenue 768.46M 375.77M 810.71M 1.03B
Total Other Income ExpenseNet -105.76M -275.44M -187.43M -3.31M
Net Income From Continuing Ops 172.37M -590.24M -48.52M 307.67M
Net Income Applicable To Common Shares 172.36M -590.24M -48.52M 307.67M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 2.59B 3.36B 3.01B 2.83B
Total Stockholder Equity -9.96M -666.43M -698.48M -591.6M
Other Current Liabilities 190.61M 194.13M 196.67M 198.14M
Total Assets 2.58B 2.69B 2.31B 2.24B
Common Stock -25M -674.32M -712.71M -612.5M
Other Current Assets 15.65M 26.47M 12.86M 13.35M
Retained Earnings
Treasury Stock 15.04M 7.89M 14.23M 20.9M
Cash 182.25M 376.74M 61.12M 101.19M
Total Current Liabilities 324.14M 299.98M 381.51M 396.97M
Other Stockholder Equity 15.04M 7.89M 14.23M 20.9M
Property, Plant, and Equipment 1.86B 1.82B 1.73B 1.68B
Total Current Assets 294.18M 554.51M 263.64M 243.76M
Net Tangible Assets -429.52M -983.68M -1.02B -903.75M
Net Receivables 63.11M 103.55M 146.16M 70.93M
Accounts Payable 29.34M 14.27M 53.91M 54.98M


Insider Transactions

Here are the insider transactions of stock shares related to Cedar Fair L.P.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
WITHEROW BRIAN CConversion of Exercise of derivative security at price 36.95 per share.D2023-02-20Chief Financial Officer27.09k
ZIMMERMAN RICHARD AConversion of Exercise of derivative security at price 36.95 per share.D2023-02-20Chief Executive Officer32.93k
FORD KELLEYConversion of Exercise of derivative security at price 36.95 per share.D2023-02-17Officer13.94k
WITHEROW BRIAN CStock Award(Grant) at price 0.00 per share.D2023-02-09Chief Financial Officer10.03k
ZIMMERMAN RICHARD AStock Award(Grant) at price 0.00 per share.D2023-02-09Chief Executive Officer34.58k
HOFFMAN DAVID RStock Award(Grant) at price 0.00 per share.D2023-02-09Officer2.86k
FISHER TIM VStock Award(Grant) at price 0.00 per share.D2023-02-09Chief Operating Officer11.48k
NURSE BRIANStock Award(Grant) at price 0.00 per share.D2023-02-09Officer5.19k
MYERS CHARLESStock Award(Grant) at price 0.00 per share.D2023-02-09Officer2.42k
FORD KELLEYStock Award(Grant) at price 0.00 per share.D2023-02-09Officer5.56k
FRANCE GINA DStock Award(Grant) at price 0.00 per share.D2023-01-03Director3.15k
HANRAHAN DANIEL JStock Award(Grant) at price 0.00 per share.D2023-01-03Director3.15k
OUIMET MATTHEW AStock Award(Grant) at price 0.00 per share.D2023-01-03Director3.15k
RUISANCHEZ CARLOSStock Award(Grant) at price 0.00 per share.D2023-01-03Director3.15k
FRYMIRE MICHELLE MStock Award(Grant) at price 0.00 per share.D2023-01-03Director787
MASON JENNIFERStock Award(Grant) at price 0.00 per share.D2023-01-03Director787
FISHER TIM VStock Award(Grant) at price 0.00 per share.D2022-08-23Chief Operating Officer50k
HANRAHAN DANIEL JPurchase at price 44.15 per share.D2022-08-10Director1.5k
WITHEROW BRIAN CConversion of Exercise of derivative security at price 29.53 per share.D2022-03-21Chief Financial Officer17.79k
WITHEROW BRIAN CStock Award(Grant) at price 0.00 per share.D2022-02-23Chief Financial Officer7.44k
ZIMMERMAN RICHARD AStock Award(Grant) at price 0.00 per share.D2022-02-23Chief Executive Officer22.95k
HOFFMAN DAVID RStock Award(Grant) at price 0.00 per share.D2022-02-23Officer2.17k
SEMMELROTH KELLEY S.Stock Award(Grant) at price 0.00 per share.D2022-02-23Officer4.22k
HECKMAN CRAIGStock Award(Grant) at price 0.00 per share.D2022-02-23Officer2.48k
FISHER TIM VStock Award(Grant) at price 0.00 per share.D2022-02-23Chief Operating Officer8.39k
NURSE BRIANStock Award(Grant) at price 0.00 per share.D2022-02-23Officer3.71k
MYERS CHARLESStock Award(Grant) at price 0.00 per share.D2022-02-23Officer1.72k
SHANAHAN LAURI MStock Award(Grant) at price 0.00 per share.D2021-12-31Director2.6k
SMITHART-OGLESBY DEBRAStock Award(Grant) at price 0.00 per share.D2021-12-31Director2.6k
FRANCE GINA DStock Award(Grant) at price 0.00 per share.D2021-12-31Director2.6k
OUIMET MATTHEW AStock Award(Grant) at price 0.00 per share.D2021-12-31Director2.6k
NURSE BRIANStock Award(Grant) at price 0.00 per share.D2021-11-17Officer13.82k
OUIMET MATTHEW ASale at price 46.91 per share.I2021-05-10Director250k
WITHEROW BRIAN CStock Award(Grant) at price 47.46 per share.D2021-03-24Chief Financial Officer8.97k
ZIMMERMAN RICHARD AStock Award(Grant) at price 47.46 per share.D2021-03-24Chief Executive Officer21.49k
DUFFIELD MILKIE EStock Award(Grant) at price 47.46 per share.D2021-03-24General Counsel6.01k
HOFFMAN DAVID RStock Award(Grant) at price 47.46 per share.D2021-03-24Officer2.62k
SEMMELROTH KELLEY S.Stock Award(Grant) at price 47.46 per share.D2021-03-24Officer5.08k
HECKMAN CRAIGStock Award(Grant) at price 47.46 per share.D2021-03-24Officer2.99k
FISHER TIM VStock Award(Grant) at price 47.46 per share.D2021-03-24Chief Operating Officer10.11k
MYERS CHARLESStock Award(Grant) at price 47.46 per share.D2021-03-24Officer2.06k
WITHEROW BRIAN CStock Award(Grant) at price 0.00 per share.D2021-02-24Chief Financial Officer21.68k
ZIMMERMAN RICHARD AStock Award(Grant) at price 0.00 per share.D2021-02-24Chief Executive Officer45.68k
DUFFIELD MILKIE EStock Award(Grant) at price 0.00 per share.D2021-02-24General Counsel16.9k
HOFFMAN DAVID RStock Award(Grant) at price 0.00 per share.D2021-02-24Officer12.34k
SEMMELROTH KELLEY S.Stock Award(Grant) at price 0.00 per share.D2021-02-24Officer14.22k
HECKMAN CRAIGStock Award(Grant) at price 0.00 per share.D2021-02-24Officer9.51k
FISHER TIM VStock Award(Grant) at price 0.00 per share.D2021-02-24Chief Operating Officer24.13k
MYERS CHARLESStock Award(Grant) at price 0.00 per share.D2021-02-24Officer4.91k
OUIMET MATTHEW AConversion of Exercise of derivative security at price 29.53 - 36.95 per share.D2021-02-04Director208.88k
SMITHART-OGLESBY DEBRAStock Award(Grant) at price 0.00 per share.D2020-12-31Director3.31k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Cedar Fair L.P.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Cedar Fair L.P.

Here is the result of two systematic investment strategies applied to Cedar Fair L.P.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Cedar Fair L.P.

The following chart shows the equity curve of the two systematic investment strategies applied to Cedar Fair L.P.:

Cedar Fair L.P. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 1.47% on the backtest period.

Performance at glance

Performance

1.47 %

Latent gain

33.89 $

Invested capital

2298.85 $

Annualized return

0.36 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Cedar Fair L.P.

This is the result of two momentum investment strategies applied to Cedar Fair L.P.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Cedar Fair L.P.

The following chart shows all the entries opened by the momentum investment system on Cedar Fair L.P.:

Cedar Fair L.P. momentum entries
  • The first momentum investment strategy would give -2.51% of return on Cedar Fair L.P.. That represents -155.58$ of latent gain with 6193.26$ of employed capital.
  • The second momentum investment strategy would give -4.37% of return on Cedar Fair L.P.. That represents -179.63$ of latent gain with 4113.27$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-2.51 %

Latent gain

-155.58 $

Invested capital

6193.26 $

Annualized return

21.94 %
Performance at glance (2Q Momentum)

Performance

-4.37 %

Latent gain

-179.63 $

Invested capital

4113.27 $

Annualized return

-1.19 %

Momentum equity curve on Cedar Fair L.P.

The following chart shows the equity curve of the two momentum strategies applied to Cedar Fair L.P.:

Cedar Fair L.P. momentum equity

Note: the dividends potentially given by Cedar Fair L.P. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cedar Fair L.P.

The following chart shows the employed capital evolution of the two momentum strategies on Cedar Fair L.P. since the beginning:

Cedar Fair L.P.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Cedar Fair L.P.

Buy the dip entry openings on Cedar Fair L.P.

Cedar Fair L.P.

The performance achieved by the robo-advisor on Cedar Fair L.P. is 46.96%. That represents 219.25$ of latent gain with 466.85$ of employed capital. The following chart shows Cedar Fair L.P. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Cedar Fair L.P., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

46.96 %

Latent gain

219.25 $

Invested capital

466.85 $

Annualized return

21.94 %

Equity curve of the strategy applied to Cedar Fair L.P.

The following chart shows the result of the investment strategy applied to Cedar Fair L.P.:

Cedar Fair L.P.

Note: the dividends potentially given by Cedar Fair L.P. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cedar Fair L.P.

The following chart shows the employed capital evolution since the beginning of the investment strategy on Cedar Fair L.P.:

Cedar Fair L.P.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Cedar Fair L.P.

In this section, I will compare the three previous investment strategies applied to Cedar Fair L.P..

Equity curve comparison on Cedar Fair L.P.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Cedar Fair L.P. investment strategy comparison

Employed capital comparison on Cedar Fair L.P.

Cedar Fair L.P. investment comparison

Performance comparison on Cedar Fair L.P.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 1.47% 33.89$ 2298.85$ 0.36%
Momentum 1 quarter -2.51% -155.58$ 6193.26$ -0.64%
Momentum 2 quarters -4.37% -179.63$ 4113.27$ -1.19%
Non-directional 46.96% 219.25$ 466.85$ 21.94%
Annualized return comparison

Automatic investment

0.36 %

Momentum 1Q

-1.19 %

Momentum 2Q

-1.19 %

Non-directional

21.94 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Cedar Fair L.P.:

Positive correlations

Most correlated stocks this year

  • Cedar Fair L.P.

  • Most correlated stocks last 3 months

  • Steel Connect Inc
  • United Insurance Holdings Corp
  • Codorus Valley Bancorp Inc
  • Sandridge Energy Inc New
  • Cedar Fair L.P.
  • Big 5 Sporting Goods Corp
  • Mistras Group Inc
  • Customers Bancorp Inc
  • Flushing Financial Corp
  • Franklin Resources Inc
  • Hawaiian Holdings Inc
  • Capital City Bank Group Inc
  • First Of Long Island Corp
  • Pitney Bowes Inc
  • Steelcase Inc - Class A
  • Cass Information Systems Inc
  • Earthstone Energy Inc - Class A
  • Esquire Financial Holdings Inc
  • Inspired Entertainment Inc
  • Spirit Aerosystems Holdings Inc - Class A
  • CTS Corp
  • Belden Inc
  • Hyster-Yale Materials Handling Inc - Class A
  • MidWestOne Financial Group Inc
  • Radian Group Inc
  • Discover Financial Services
  • Raytheon Technologies Corporation
  • First Citizens Bancshares Inc (NC) - Class A
  • Byline Bancorp Inc
  • Hanmi Financial Corp
  • SmartFinancial Inc
  • Bar Harbor Bankshares Inc
  • First Financial Bancorp
  • CNB Financial Corp (PA)
  • SouthState Corporation
  • Ryerson Holding Corp
  • Sumitomo Mitsui Financial Group Inc
  • MGIC Investment Corp
  • Reliance Steel & Aluminum Company
  • EPR Properties
  • Lloyds Banking Group plc
  • NMI Holdings Inc - Class A
  • Banco Latinoamericano De Comercio Exterior SA - Cl
  • Sinclair Broadcast Group Inc - Class A
  • Carter Bankshares Inc
  • Eloxx Pharmaceuticals Inc
  • HomeTrust Bancshares Inc
  • Republic First Bancorp Inc
  • NI Holdings Inc
  • CTO Realty Growth Inc - New - New
  • Hingham Institution For Savings
  • CohBar Inc
  • Toyota Motor Corporation
  • Caleres Inc
  • Allscripts Healthcare Solutions Inc
  • Walgreens Boots Alliance Inc
  • TEGNA Inc
  • Frontline Ltd
  • Industrias Bachoco S.A.B. DE C.V.
  • Marchex Inc - Class B
  • Liberty Media Corp (Tracking Stock - Braves) Serie
  • Liberty Media Corp (Tracking Stock - Braves) Serie
  • Astronics Corp
  • Kimbell Royalty Partners LP
  • Carriage Services Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • First Seacoast Bancorp

  • Note: The algorithm computes the probability of correlation between Cedar Fair L.P. and the other stocks. There may be false positives or some missing correlated stocks. If the price of Cedar Fair L.P. does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Cedar Fair L.P.
    Country United States
    City Sandusky
    Address One Cedar Point Drive
    Phone 419 626 0830
    Website www.cedarfair.com
    FullTime employees 4400
    Industry Leisure
    Sector Consumer Cyclical
    Exchange XNYS
    Ticker FUN
    Market www.nyse.com

    Cedar Fair L.P. ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown