DB:LM04

Stock Analysis Report

Liberty Braves Group

Executive Summary

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project.


Snowflake Analysis

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.


Market Performance


7 Day Return

14.0%

LM04

20.7%

DE Entertainment

7.3%

DE Market


1 Year Return

-31.2%

LM04

-8.9%

DE Entertainment

-17.7%

DE Market

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.


Shareholder returns

LM04IndustryMarket
7 Day14.0%20.7%7.3%
30 Day-27.5%-17.8%-17.9%
90 Day-35.2%-27.8%-25.8%
1 Year-31.2%-31.2%-7.6%-8.9%-15.1%-17.7%
3 Year-22.0%-22.0%-3.0%-7.7%-18.7%-25.6%
5 Yearn/a40.5%29.3%-17.7%-29.0%

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

Valuation

Is Liberty Braves Group undervalued compared to its fair value and its price relative to the market?

47.3%

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).


Next Steps

Future Growth

How is Liberty Braves Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

58.3%

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.


Next Steps

Past Performance

How has Liberty Braves Group performed over the past 5 years?

5.7%

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.


Next Steps

Financial Health

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.


Balance Sheet

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.


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Liberty Braves Group has no CEO, or we have no data on them.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Liberty Braves Group's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • The Liberty Braves Group
  • 12300 Liberty Boulevard
  • Englewood
  • Colorado
  • 80112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BATR.ANasdaqGS (Nasdaq Global Select)Series A Common StockUSUSDApr 2016
BATR.KNasdaqGS (Nasdaq Global Select)YesSeries C Common StockUSUSDApr 2016
LM04DB (Deutsche Boerse AG)Series A Common StockDEEURApr 2016
BATR.BOTCPK (Pink Sheets LLC)Series B Common StockUSUSDApr 2016

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 23:36
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.