Madison Square Garden Sports Corp.

DB:MS8 Stock Report

Market Cap: €5.2b

Madison Square Garden Sports Valuation

Is MS8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MS8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MS8 (€218) is trading above our estimate of fair value (€30.74)

Significantly Below Fair Value: MS8 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MS8?

Key metric: As MS8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MS8. This is calculated by dividing MS8's market cap by their current earnings.
What is MS8's PE Ratio?
PE Ratio78.9x
EarningsUS$70.05m
Market CapUS$5.49b

Price to Earnings Ratio vs Peers

How does MS8's PE Ratio compare to its peers?

The above table shows the PE ratio for MS8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
EVD CTS Eventim KGaA
31.4x13.2%€7.9b
EDL Edel SE KGaA
8x9.7%€98.3m
G24 Scout24
35.2x14.8%€6.2b
RRTL RTL Group
9.3x-2.6%€3.7b
MS8 Madison Square Garden Sports
78.9x-8.5%€5.5b

Price-To-Earnings vs Peers: MS8 is expensive based on its Price-To-Earnings Ratio (78.9x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does MS8's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MS8 78.9xIndustry Avg. 14.1xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MS8 is expensive based on its Price-To-Earnings Ratio (78.9x) compared to the European Entertainment industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is MS8's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MS8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.9x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: MS8 is expensive based on its Price-To-Earnings Ratio (78.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MS8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€218.00
€233.95
+7.3%
11.8%€287.40€210.52n/a5
Nov ’25€202.00
€234.94
+16.3%
12.1%€289.76€212.24n/a5
Oct ’25€186.00
€222.99
+19.9%
9.1%€258.55€199.58n/a5
Sep ’25€187.00
€222.99
+19.2%
9.1%€258.55€199.58n/a5
Aug ’25€184.00
€227.15
+23.5%
8.9%€262.31€202.49n/a5
Jul ’25€174.00
€229.25
+31.8%
8.9%€264.74€204.36n/a5
Jun ’25€168.00
€229.25
+36.5%
8.9%€264.74€204.36n/a5
May ’25€175.00
€224.87
+28.5%
8.6%€263.25€203.21n/a6
Apr ’25€170.00
€224.87
+32.3%
8.6%€263.25€203.21n/a6
Mar ’25€173.00
€227.99
+31.8%
9.1%€264.57€204.23n/a5
Feb ’25€171.00
€224.79
+31.5%
9.3%€261.92€202.18n/a5
Jan ’25€163.00
€224.05
+37.5%
9.3%€261.06€201.52n/a5
Dec ’24€154.00
€228.11
+48.1%
9.3%€265.79€205.17n/a5
Nov ’24€158.00
€224.54
+42.1%
9.3%€262.06€202.29€202.005
Oct ’24€167.00
€224.54
+34.5%
9.3%€262.06€202.29€186.005
Sep ’24€163.00
€224.54
+37.8%
9.3%€262.06€202.29€187.005
Aug ’24€192.00
€219.51
+14.3%
9.3%€256.19€197.76€184.005
Jul ’24€171.00
€223.73
+30.8%
9.6%€265.68€205.08€174.005
Jun ’24€167.00
€223.73
+34.0%
9.6%€265.68€205.08€168.005
May ’24€182.00
€212.38
+16.7%
8.7%€243.46€187.28€175.005
Apr ’24€176.05
€212.38
+20.6%
8.7%€243.46€187.28€170.005
Mar ’24€179.20
€212.38
+18.5%
8.7%€243.46€187.28€173.005
Feb ’24€165.75
€223.64
+34.9%
6.9%€244.88€200.72€171.006
Jan ’24€167.35
€223.64
+33.6%
6.9%€244.88€200.72€163.006
Dec ’23€154.55
€223.64
+44.7%
6.9%€244.88€200.72€154.006
Nov ’23€157.05
€223.64
+42.4%
6.9%€244.88€200.72€158.006

Analyst Forecast: Target price is less than 20% higher than the current share price.

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