Six Flags Entertainment Corporation (FUN)

Market price: $7.59

2 valuation methods

• P / B: $1.69 to $3.78 (midpoint $2.53)
• EV / Gross Profit: $7.02 to $191.05 (midpoint $76.54)

Pre-profit company — earnings-based methods not meaningful.

Limited data — fewer than three valuation methods could be formed for this company; showing every method we can stand behind.

Debt is most of what funds this company — its shares are about 13% of its total enterprise value. The enterprise-value bar here (1) value the whole business and then subtract the debt, so a small difference in the business's value becomes a large one per share. That is arithmetic, not a fault in the estimate, but it is why those ranges are wide.