The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project.
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Liberty Braves Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LM04's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LM04 underperformed the German Entertainment industry which returned -8.9% over the past year.
Return vs Market: LM04 underperformed the German Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is Liberty Braves Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Liberty Braves Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LM04 (€17.1) is trading below our estimate of fair value (€32.45)
Significantly Below Fair Value: LM04 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LM04 is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.
PE vs Market: LM04 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LM04's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LM04 is overvalued based on its PB Ratio (2.4x) compared to the DE Entertainment industry average (1x).
How is Liberty Braves Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LM04 is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: LM04 is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: LM04 is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: LM04's revenue (6.4% per year) is forecast to grow faster than the German market (4.2% per year).
High Growth Revenue: LM04's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LM04 is forecast to be unprofitable in 3 years.
How has Liberty Braves Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LM04 is currently unprofitable.
Growing Profit Margin: LM04 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LM04 is unprofitable, but has reduced losses over the past 5 years at a rate of 5.7% per year.
Accelerating Growth: Unable to compare LM04's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LM04 is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (-50.4%).
Return on Equity
High ROE: LM04 has a negative Return on Equity (-20.37%), as it is currently unprofitable.
How is Liberty Braves Group's financial position?
Financial Position Analysis
Short Term Liabilities: LM04's short term assets ($267.0M) exceed its short term liabilities ($188.0M).
Long Term Liabilities: LM04's short term assets ($267.0M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: LM04's debt to equity ratio (146.6%) is considered high.
Reducing Debt: LM04's debt to equity ratio has increased from 27% to 146.6% over the past 5 years.
Inventory Level: LM04 has a high level of physical assets or inventory.
Debt Coverage by Assets: LM04's debt is not covered by short term assets (assets are 0.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LM04 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LM04 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Liberty Braves Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LM04's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LM04's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LM04's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LM04's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LM04's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Liberty Braves Group has no CEO, or we have no data on them.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LM04 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Liberty Braves Group's company bio, employee growth, exchange listings and data sources
- Name: The Liberty Braves Group
- Ticker: LM04
- Exchange: DB
- Industry: Movies and Entertainment
- Sector: Media
- Market Cap: US$934.220m
- Listing Market Cap: US$842.573m
- Shares outstanding: 51.19m
- Website: https://www.libertymedia.com/companies/braves-group.html
- The Liberty Braves Group
- 12300 Liberty Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BATR.A||NasdaqGS (Nasdaq Global Select)||Series A Common Stock||US||USD||Apr 2016|
|BATR.K||NasdaqGS (Nasdaq Global Select)||Yes||Series C Common Stock||US||USD||Apr 2016|
|LM04||DB (Deutsche Boerse AG)||Series A Common Stock||DE||EUR||Apr 2016|
|BATR.B||OTCPK (Pink Sheets LLC)||Series B Common Stock||US||USD||Apr 2016|
The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 23:36|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.