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  "notes": "Includes footnotes detailing methodology for FCF calculations and peer group composition.",
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      "text": "Wall Street Consensus is significantly below our internal plan and expectations",
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      "text": "PRKS Peer Group 5-Year Pre-Covid Multiple: ~11.5x",
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      "text": "Source: Market information as of 2/23/26. (1) Peer Group includes legacy Six Flags and Cedar Fair; (2) Unlevered Free Cash Flow reflects Adj. EBITDA less core capex and cash taxes... (3) Levered Free Cash Flow reflects Unlevered Free Cash Flow less cash interest.",
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      "text": "Current Share Price (2/25/26) $33.77; (x) Diluted Shares Outstanding 51; Equity Value $1,713; (+) Debt (Q4 2025A) $2,248; (-) Cash (Q4 2025A) ($100); Net Debt $2,148; Total Enterprise Value $3,861",
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