NasdaqGS:BATR.K

Stock Analysis Report

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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

Questionable track record and overvalued.

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: BATR.K's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.1%

BATR.K

-1.4%

US Entertainment

2.0%

US Market


1 Year Return

-13.9%

BATR.K

12.2%

US Entertainment

7.1%

US Market

Return vs Industry: BATR.K underperformed the US Entertainment industry which returned 12.2% over the past year.

Return vs Market: BATR.K underperformed the US Market which returned 7.1% over the past year.


Shareholder returns

BATR.KIndustryMarket
7 Day9.1%-1.4%2.0%
30 Day16.4%8.4%6.0%
90 Day-11.3%9.4%-0.05%
1 Year-13.9%-13.9%13.3%12.2%9.5%7.1%
3 Year-4.9%-4.9%41.3%37.1%30.7%22.1%
5 Yearn/a88.8%78.9%55.6%38.0%

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

Valuation

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

18.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BATR.K ($23.05) is trading below our estimate of fair value ($28.24)

Significantly Below Fair Value: BATR.K is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BATR.K is poor value based on its PE Ratio (25x) compared to the Entertainment industry average (20.5x).

PE vs Market: BATR.K is poor value based on its PE Ratio (25x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: BATR.K's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BATR.K is overvalued based on its PB Ratio (2.8x) compared to the US Entertainment industry average (2.6x).


Next Steps

Future Growth

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

-3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BATR.K's earnings are forecast to decline over the next 3 years (-3.3% per year).

Earnings vs Market: BATR.K's earnings are forecast to decline over the next 3 years (-3.3% per year).

High Growth Earnings: BATR.K's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BATR.K's revenue (13.4% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: BATR.K's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BATR.K is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

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

22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BATR.K has a large one-off gain of $79.0M impacting its March 31 2020 financial results.

Growing Profit Margin: BATR.K became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BATR.K has become profitable over the past 5 years, growing earnings by 22% per year.

Accelerating Growth: BATR.K has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BATR.K has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (17.9%).


Return on Equity

High ROE: BATR.K's Return on Equity (11%) is considered low.


Next Steps

Financial Health

How is Liberty Braves Group's financial position?


Financial Position Analysis

Short Term Liabilities: BATR.K's short term assets ($377.0M) exceed its short term liabilities ($265.0M).

Long Term Liabilities: BATR.K's short term assets ($377.0M) do not cover its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: BATR.K's debt to equity ratio (162.5%) is considered high.

Reducing Debt: BATR.K's debt to equity ratio has increased from 34% to 162.5% over the past 5 years.

Debt Coverage: BATR.K's debt is not well covered by operating cash flow (7.1%).

Interest Coverage: Insufficient data to determine if BATR.K's interest payments on its debt are well covered by EBIT.


Balance Sheet


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 BATR.K's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BATR.K's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BATR.K's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BATR.K'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 BATR.K's dividend in 3 years as they are not forecast to pay a notable one for the US 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: Insufficient data to determine if 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 Analysis2020/05/28 04:17
End of Day Share Price2020/05/27 00:00
Earnings2020/03/31
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.