Six Flags Entertainment Corporation (FUN) vs Planet Fitness, Inc. (PLNT)

Six Flags Entertainment Corporation and Planet Fitness, Inc. are both Leisure companies. Planet Fitness, Inc. is the larger, with a market value of $3.1B against $1.3B — 2.4× the size. Six Flags Entertainment Corporation has negative trailing earnings, so its P/E is not meaningful; Planet Fitness, Inc. trades at 14.4×. Planet Fitness, Inc. grew revenue faster over the last twelve months: 12.7% against −3.46%. Planet Fitness, Inc. has the higher net margin (16.9% vs −57.3%) and the higher return on invested capital (19.7% vs −17.0%). Across the 19 metrics below, Planet Fitness, Inc. leads on 13 and Six Flags Entertainment Corporation on 6.

Valuation

Metric FUN PLNT Leisure median
P/E n/m 14.41 17.42
P/S 0.41 2.32 1.02
P/B 10.92 n/m 2.13
Price to free cash flow 3.07 12.51 11.49
EV/EBITDA 9.12 8.78 9.97
EV/Sales 2.00 3.74 2.00
Earnings yield (140.58%) 6.94% 2.85%
Free cash flow yield 32.56% 7.99% 3.64%

Profitability

Metric FUN PLNT Leisure median
Gross margin 91.37% 81.67% 48.02%
Operating margin (44.21%) 30.91% 3.08%
Net margin (57.25%) 16.88% 2.58%
Free cash flow margin 13.34% 18.57% 2.13%
Return on equity (185.33%) (61.54%) 0.00%
Return on assets (20.74%) 7.77% 0.05%
Return on invested capital (17.01%) 19.65% 3.95%

Growth

Metric FUN PLNT Leisure median
Revenue growth (TTM) (3.46%) 12.70% 3.28%
EPS growth (last fiscal year) (392.86%) 31.00% —
Revenue growth, 5-year CAGR 76.39% 26.63% 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FUN PLNT Leisure median
Debt to equity 43.47 (4.02) 0.02
Current ratio 0.42 1.58 1.76
Net debt to EBITDA 8.09 3.53 1.85

Dividend

Metric FUN PLNT Leisure median
Dividend yield 2.90% — 2.86%
Payout ratio — 0.00 0.00

Size

Metric FUN PLNT Leisure median
Market cap 1.28b 3.10b 293.27m

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