Professional
Added to YB: 2024-08-29
Pitch date: 2024-08-26
PRKS [bullish]
United Parks & Resorts Inc.
-25.89%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
Company Info
United Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States.
Market Cap
$1.9B
Pitch Price
$49.44
Price Target
88.00 (+140%)
Dividend
N/A
EV/EBITDA
6.86
P/E
10.78
EV/Sales
2.44
Sector
Hotels, Restaurants and Leisure
Category
value
Voss Capital New Position: United Parks & Resorts Inc.
PRKS: Theme park operator at 6.8x '25 EBITDA vs 11x historical M&A. 60% FL-based, resilient in recessions. Hill Path driving improvements, 60% ownership. Potential PE buyout or M&A. Bull case: 3x return on attendance recovery. Base case: $88 PT (+80%) at 8.7x EBITDA. Risks: new park supply, flat attendance.
Read full article (9 min)