Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionUnited Parks & Resorts Inc. Common Stock (PRKS)
Fair value (3 models)
Not available
ACCE price target
$35.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $30.31 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
41
out of 100
Analysts
33% buy
12 covering
P/E
12.1x
forward 7.0x
1-year return
-40.5%
Dividend yield
0.00%
United Parks & Resorts Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
United Parks & Resorts runs theme parks under the SeaWorld, Busch Gardens and Sesame Place brands, with marine-life attractions, thrill rides and seasonal events as the core product. The case rests on the operating model: a 24.2% operating margin and 46.0% gross margin are high for a park operator, reflecting a mature, cash-generative asset base and pricing power in season passes. Revenue is shrinking, though, down 1.4%, so the investment question is whether margins can hold while attendance and per-cap spending stabilize. At roughly 13.5x trailing and 10.7x forward earnings, the stock is priced for little growth, which suits a value screen but leaves the thesis dependent on cost discipline and capital returns rather than top-line expansion. The 43/100 score and absence from any index say the market and quant screens are not yet convinced, so this merits a deeper look at attendance trends, debt and free cash flow before any conviction is formed.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy short interest
Short interest stands at 30.5%, meaning roughly three in ten shares are sold short. Sharp moves either way are likely, which should shape position size.
high
Earnings and revenue shrinking
Revenue fell 1.4% year on year and earnings fell 7.6%, while the quarter-on-quarter change was -25.5%. The 31.0% five-year revenue CAGR now looks backward-looking.
moderate
Score down sharply in 90 days
The ACCE score dropped 10 points, from 51 to 41, with the Momentum component at 17 of 100. The deterioration is recent and not yet reflected in the valuation case.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $263M, a strong cash base for a company priced at a low multiple.
The share price of $30.31 implies a free cash flow yield of 17.9%, which is high for a consumer business.
The forward P/E of 10.7x sits well below the sector median forward P/E of 18.1x, suggesting the shares are cheap against peers.
Why it could disappoint
Revenue fell 1.4% year over year in the latest quarter, after a five-year average growth rate of 31.0% per year.
The latest quarterly earnings per share came in 17.3% below expectations, at 1.34 against 1.62 expected.
Return on equity is 0.0% and debt to equity is negative at -5.40, reflecting a balance sheet with negative equity that offers little cushion.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where PRKS's valuation models land
Price
$30.31
Model fair valueConfidence: medium
$13.93
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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+Conviction breakdown and growth / value / quality / momentum scores