Funko, Inc. (FNKO) vs Six Flags Entertainment Corporation (FUN)

Funko, Inc. and Six Flags Entertainment Corporation are both Leisure companies. Six Flags Entertainment Corporation is the larger, with a market value of $945.4M against $343.8M — 2.7× the size. Six Flags Entertainment Corporation has negative trailing earnings, so its P/E is not meaningful; Funko, Inc. trades at 77.1×. Funko, Inc. grew revenue faster over the last twelve months: 1.21% against −7.13%. Funko, Inc. has the higher net margin (0.49% vs −31.9%) and the higher return on invested capital (6.24% vs −7.81%). Across the 19 metrics below, Funko, Inc. leads on 11 and Six Flags Entertainment Corporation on 8.

Valuation

Metric FNKO FUN Leisure median
P/E 77.13 n/m 17.39
P/S 0.37 0.32 1.08
P/B 1.75 n/m 1.75
Price to free cash flow 6.25 2.34 11.20
EV/EBITDA 5.33 8.32 10.96
EV/Sales 0.53 1.91 1.87
Earnings yield 1.30% (100.22%) 3.10%
Free cash flow yield 15.99% 42.80% 5.07%

Profitability

Metric FNKO FUN Leisure median
Gross margin 46.26% 91.46% 47.50%
Operating margin 3.56% (18.82%) 4.91%
Net margin 0.49% (31.91%) 7.35%
Free cash flow margin 5.17% 15.81% 6.81%
Return on equity 2.42% (509.82%) 1.21%
Return on assets 0.67% (12.70%) 2.20%
Return on invested capital 6.24% (7.81%) 5.26%

Growth

Metric FNKO FUN Leisure median
Revenue growth (TTM) 1.21% (7.13%) 2.89%
EPS growth (last fiscal year) (342.86%) (392.86%) (4.35%)
Revenue growth, 5-year CAGR 6.84% 76.39% 5.32%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FNKO FUN Leisure median
Debt to equity 0.90 (19.66) 0.00
Current ratio 1.19 0.52 1.76
Net debt to EBITDA 13.43 8.09 1.53

Dividend

Metric FNKO FUN Leisure median
Dividend yield — 0.00% 1.77%
Payout ratio — — 0.27

Size

Metric FNKO FUN Leisure median
Market cap 343.81m 945.40m 555.10m

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