Six Net Income vs Free Cash Flow Analysis

FUN Stock

USD 46.14 0.15 0.32%

Six Flags financial indicator trend analysis is much more than just breaking down Six Flags Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Six Flags Entertainment is a good investment. Please check the relationship between Six Flags Net Income and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Six Flags Entertainment Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Six Flags' Net Income and Free Cash Flow is 0.93. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Six Flags Entertainment, assuming nothing else is changed. The correlation between historical values of Six Flags' Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Six Flags Entertainment are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Six Flags' Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Six Flags Entertainment financial statement analysis. It represents the amount of money remaining after all of Six Flags Entertainment operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Six Flags' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Six Flags Entertainment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At this time, Six Flags' Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 50.4 M, while Sales General And Administrative To Revenue is likely to drop 0.07.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.7B	778.7M	563.8M
Total Revenue	1.3B	1.8B	1.8B	1.9B

Gross Profit Total Revenue

Six Flags fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Other Current Liab	Accounts Payable	Common Stock Total Equity	Other Stockholder Equity	Property Plant And Equipment Gross	Common Stock	Other Liab	Long Term Debt
Total Assets		0.78	0.55	0.1	0.99	0.74	0.61	0.99	0.13	0.61	0.48	0.85	0.81	0.68	0.67	0.77	0.75	0.96	0.59	0.46	-0.32	0.3	0.25	-0.31	0.34	0.86
Short Long Term Debt Total	0.78		0.88	-0.33	0.75	0.99	0.52	0.73	-0.31	0.52	0.83	0.69	1.0	0.93	0.82	0.93	0.73	0.79	0.49	0.58	-0.67	0.09	0.62	-0.78	0.3	0.94
Total Current Liabilities	0.55	0.88		-0.51	0.57	0.92	0.16	0.55	-0.51	0.16	0.82	0.53	0.86	0.87	0.73	0.87	0.42	0.65	0.58	0.75	-0.8	-0.21	0.74	-0.82	0.43	0.76
Total Stockholder Equity	0.1	-0.33	-0.51		0.09	-0.36	0.04	0.12	0.64	0.04	-0.45	0.1	-0.29	-0.35	-0.17	-0.42	-0.04	0.01	-0.09	-0.12	0.54	0.67	-0.76	0.48	-0.21	-0.17
Property Plant And Equipment Net	0.99	0.75	0.57	0.09		0.72	0.5	1.0	0.17	0.5	0.44	0.89	0.78	0.68	0.61	0.77	0.65	0.95	0.64	0.48	-0.28	0.24	0.29	-0.26	0.38	0.81
Net Debt	0.74	0.99	0.92	-0.36	0.72		0.41	0.71	-0.32	0.41	0.85	0.67	0.99	0.93	0.81	0.93	0.65	0.78	0.54	0.62	-0.68	0.05	0.66	-0.8	0.31	0.92
Cash	0.61	0.52	0.16	0.04	0.5	0.41		0.49	-0.11	1.0	0.31	0.4	0.52	0.4	0.52	0.4	0.92	0.49	0.04	-0.05	-0.32	0.35	-0.06	-0.23	0.14	0.62
Non Current Assets Total	0.99	0.73	0.55	0.12	1.0	0.71	0.49		0.21	0.49	0.41	0.88	0.77	0.66	0.6	0.76	0.64	0.96	0.63	0.47	-0.25	0.25	0.27	-0.24	0.35	0.81
Non Currrent Assets Other	0.13	-0.31	-0.51	0.64	0.17	-0.32	-0.11	0.21		-0.11	-0.61	0.27	-0.24	-0.26	-0.48	-0.18	-0.25	0.02	-0.07	-0.43	0.81	0.3	-0.29	0.67	-0.26	-0.27
Cash And Short Term Investments	0.61	0.52	0.16	0.04	0.5	0.41	1.0	0.49	-0.11		0.31	0.4	0.52	0.4	0.52	0.4	0.92	0.49	0.04	-0.05	-0.32	0.35	-0.06	-0.23	0.14	0.62
Net Receivables	0.48	0.83	0.82	-0.45	0.44	0.85	0.31	0.41	-0.61	0.31		0.34	0.8	0.65	0.83	0.66	0.6	0.55	0.39	0.7	-0.81	0.16	0.46	-0.9	0.28	0.81
Common Stock Shares Outstanding	0.85	0.69	0.53	0.1	0.89	0.67	0.4	0.88	0.27	0.4	0.34		0.73	0.65	0.41	0.77	0.49	0.77	0.49	0.35	-0.19	0.15	0.33	-0.15	0.41	0.64
Non Current Liabilities Total	0.81	1.0	0.86	-0.29	0.78	0.99	0.52	0.77	-0.24	0.52	0.8	0.73		0.92	0.81	0.94	0.73	0.82	0.51	0.56	-0.63	0.12	0.6	-0.75	0.31	0.94
Inventory	0.68	0.93	0.87	-0.35	0.68	0.93	0.4	0.66	-0.26	0.4	0.65	0.65	0.92		0.71	0.92	0.57	0.7	0.51	0.49	-0.58	-0.12	0.72	-0.71	0.26	0.82
Other Current Assets	0.67	0.82	0.73	-0.17	0.61	0.81	0.52	0.6	-0.48	0.52	0.83	0.41	0.81	0.71		0.61	0.79	0.71	0.49	0.75	-0.71	0.24	0.24	-0.83	0.25	0.91
Total Liab	0.77	0.93	0.87	-0.42	0.77	0.93	0.4	0.76	-0.18	0.4	0.66	0.77	0.94	0.92	0.61		0.56	0.79	0.52	0.47	-0.58	-0.14	0.78	-0.59	0.4	0.81
Total Current Assets	0.75	0.73	0.42	-0.04	0.65	0.65	0.92	0.64	-0.25	0.92	0.6	0.49	0.73	0.57	0.79	0.56		0.68	0.26	0.28	-0.52	0.41	0.07	-0.51	0.22	0.85
Intangible Assets	0.96	0.79	0.65	0.01	0.95	0.78	0.49	0.96	0.02	0.49	0.55	0.77	0.82	0.7	0.71	0.79	0.68		0.66	0.58	-0.41	0.21	0.31	-0.39	0.32	0.87
Other Current Liab	0.59	0.49	0.58	-0.09	0.64	0.54	0.04	0.63	-0.07	0.04	0.39	0.49	0.51	0.51	0.49	0.52	0.26	0.66		0.5	-0.37	0.04	0.29	-0.33	0.56	0.55
Accounts Payable	0.46	0.58	0.75	-0.12	0.48	0.62	-0.05	0.47	-0.43	-0.05	0.7	0.35	0.56	0.49	0.75	0.47	0.28	0.58	0.5		-0.64	0.01	0.26	-0.66	0.35	0.61
Common Stock Total Equity	-0.32	-0.67	-0.8	0.54	-0.28	-0.68	-0.32	-0.25	0.81	-0.32	-0.81	-0.19	-0.63	-0.58	-0.71	-0.58	-0.52	-0.41	-0.37	-0.64		0.15	-0.46	0.8	-0.54	-0.63
Other Stockholder Equity	0.3	0.09	-0.21	0.67	0.24	0.05	0.35	0.25	0.3	0.35	0.16	0.15	0.12	-0.12	0.24	-0.14	0.41	0.21	0.04	0.01	0.15		-0.58	-0.02	-0.19	0.28
Property Plant And Equipment Gross	0.25	0.62	0.74	-0.76	0.29	0.66	-0.06	0.27	-0.29	-0.06	0.46	0.33	0.6	0.72	0.24	0.78	0.07	0.31	0.29	0.26	-0.46	-0.58		-0.52	0.27	0.39
Common Stock	-0.31	-0.78	-0.82	0.48	-0.26	-0.8	-0.23	-0.24	0.67	-0.23	-0.9	-0.15	-0.75	-0.71	-0.83	-0.59	-0.51	-0.39	-0.33	-0.66	0.8	-0.02	-0.52		-0.18	-0.73
Other Liab	0.34	0.3	0.43	-0.21	0.38	0.31	0.14	0.35	-0.26	0.14	0.28	0.41	0.31	0.26	0.25	0.4	0.22	0.32	0.56	0.35	-0.54	-0.19	0.27	-0.18		0.29
Long Term Debt	0.86	0.94	0.76	-0.17	0.81	0.92	0.62	0.81	-0.27	0.62	0.81	0.64	0.94	0.82	0.91	0.81	0.85	0.87	0.55	0.61	-0.63	0.28	0.39	-0.73	0.29

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Six Flags Account Relationship Matchups

Six Flags fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.7B	2.3B	2.2B	2.2B	1.4B
Short Long Term Debt Total	2.2B	3.0B	2.5B	2.3B	2.4B	2.5B
Total Current Liabilities	324.1M	300.0M	381.5M	397.0M	402.7M	422.9M
Total Stockholder Equity	9.7M	2.6M	8.9M	323.3M	(583.0M)	(553.8M)
Property Plant And Equipment Net	1.9B	1.8B	1.7B	1.7B	1.7B	1.2B
Net Debt	2.0B	2.6B	2.5B	2.2B	2.3B	2.4B
Cash	182.3M	376.7M	61.1M	101.2M	65.5M	52.3M
Non Current Assets Total	2.3B	2.1B	2.0B	2.0B	2.0B	1.3B
Non Currrent Assets Other	9.4M	11.5M	6.1M	5.1M	4.7M	1.4M
Cash And Short Term Investments	182.3M	376.7M	61.1M	101.2M	65.8M	52.4M
Net Receivables	63.1M	103.5M	146.2M	70.9M	79.5M	83.5M
Common Stock Shares Outstanding	56.9M	56.5M	56.6M	56.4M	51.5M	56.4M
Liabilities And Stockholders Equity	2.6B	2.7B	2.3B	2.2B	2.3B	1.4B
Non Current Liabilities Total	2.3B	3.1B	2.6B	2.4B	2.4B	2.5B
Inventory	32.9M	47.5M	32.1M	45.3M	44.1M	46.3M
Other Current Assets	15.9M	26.7M	24.2M	26.3M	19.4M	10.0M
Total Liab	2.6B	2.7B	2.3B	2.2B	2.8B	3.0B
Total Current Assets	294.2M	554.5M	263.6M	243.8M	208.8M	110.7M
Intangible Assets	59.9M	50.3M	50.0M	49.0M	49.1M	29.9M
Other Current Liab	135.9M	89.9M	129.0M	131.9M	136.1M	74.4M
Accounts Payable	29.3M	14.3M	53.9M	55.0M	37.6M	19.7M
Other Stockholder Equity	25.0M	674.3M	712.7M	(15.6M)	(597.7M)	(567.8M)
Property Plant And Equipment Gross	1.9B	1.8B	1.7B	1.6B	4.1B	4.3B
Accumulated Other Comprehensive Income	9.7M	2.6M	8.9M	15.6M	14.7M	15.4M
Common Stock	(25.0M)	(674.3M)	(712.7M)	(612.5M)	(551.2M)	(523.7M)
Other Liab	92.4M	56.1M	77.6M	80.6M	92.7M	76.6M
Long Term Debt	2.1B	3.0B	2.5B	2.3B	2.3B	1.6B
Short Term Debt	7.5M	1.7M	2.0M	12.0M	26.6M	18.5M
Property Plant Equipment	1.8B	1.8B	1.7B	1.6B	1.8B	1.6B
Current Deferred Revenue	151.4M	183.4M	187.6M	162.7M	183.7M	192.9M
Other Assets	11.5M	2.0B	2.3B	4.7M	1.0	0.95
Good Will	359.7M	267.0M	267.2M	263.2M	264.6M	247.4M
Net Tangible Assets	(418.9M)	(706.2M)	(1000.0M)	(558.8M)	(502.9M)	(528.1M)
Short Term Investments	275K	280K	478K	432K	319K	238.2K
Long Term Debt Total	2.1B	3.0B	2.5B	2.3B	2.6B	2.1B
Deferred Long Term Liab	100.2M	78.7M	86.6M	69.4M	62.5M	92.3M
Non Current Liabilities Other	10.3M	16.5M	11.1M	11.2M	10.0M	13.3M

Pair Trading with Six Flags

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Six Flags position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Six Flags will appreciate offsetting losses from the drop in the long position's value.

Moving together with Six Stock

0.84	BH	Biglari Holdings	Pair Corr
0.91	WH	Wyndham Hotels Resorts	Pair Corr

Moving against Six Stock

0.76	EJH	E Home Household	Pair Corr
0.65	WING	Wingstop	Pair Corr
0.48	GTIM	Good Times Restaurants Earnings Call Today	Pair Corr
0.39	GHG	GreenTree Hospitality	Pair Corr
0.34	HTHT	Huazhu Group	Pair Corr

The ability to find closely correlated positions to Six Flags could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Six Flags when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Six Flags - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Six Flags Entertainment to buy it.

The correlation of Six Flags is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Six Flags moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Six Flags Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Six Flags can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Six Flags Entertainment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Six Flags' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Six Flags Entertainment Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Six Flags Entertainment Stock:

How To Invest In Six

Details

Is Six Stock a good investment?

Details

What is Six Flags' Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

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Largest Consumer Services Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Six Flags. If investors know Six will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Six Flags listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.74)

Dividend Share

0.3

Earnings Share

2.4

Revenue Per Share

38.014

Quarterly Revenue Growth

0.601

The market value of Six Flags Entertainment is measured differently than its book value, which is the value of Six that is recorded on the company's balance sheet. Investors also form their own opinion of Six Flags' value that differs from its market value or its book value, called intrinsic value, which is Six Flags' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Six Flags' market value can be influenced by many factors that don't directly affect Six Flags' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Six Flags' value and its price as these two are different measures arrived at by different means. Investors typically determine if Six Flags is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Six Flags' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Six Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

Six Flags fundamental ratios Correlations

Six Flags Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Six Flags fundamental ratios Accounts

Pair Trading with Six Flags

Moving together with Six Stock

Moving against Six Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total

Common Stock	- 0.9	Net Receivables
Common Stock	- 0.83	Other Current Assets
Common Stock	- 0.82	Total Current Liabilities
Common Stock Total Equity	- 0.81	Net Receivables
Common Stock	- 0.8	Net Debt
Common Stock Total Equity	- 0.8	Total Current Liabilities