MSGE

Madison Square Garden EntertainmentNYSE:MSGE Stock Report

Market Cap

US$2.7b

7D

0.2%

1Y

5.2%

Updated

18 Sep, 2021

Data

Company Financials +
MSGE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MSGE Overview

Madison Square Garden Entertainment Corp.

Madison Square Garden Entertainment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Madison Square Garden Entertainment
Historical stock prices
Current Share PriceUS$79.24
52 Week HighUS$60.26
52 Week LowUS$121.42
Beta0
1 Month Change27.89%
3 Month Change-6.40%
1 Year Change5.20%
3 Year Changen/a
5 Year Changen/a
Change since IPO-10.47%

Recent News & Updates

Jun 15

Madison Square Garden Entertainment Stock: This Is Why It's Getting Cheaper

Madison Square Garden Entertainment offers live experiences, entertainment content, and music festivals. Net sales are expected to grow by more than 500% in 2021. If we assume 2023 sales of 1.1 billion, the company also trades at 1.3x sales. I believe that Madison Square Garden could trade at a higher mark. Madison Square Garden signed a merger agreement with MSG Networks. Madison Square Garden reports a significant amount of construction in progress, which is also growing at a large pace.

Shareholder Returns

MSGEUS EntertainmentUS Market
7D0.2%-1.3%-0.6%
1Y5.2%30.1%33.8%

Return vs Industry: MSGE underperformed the US Entertainment industry which returned 29.4% over the past year.

Return vs Market: MSGE underperformed the US Market which returned 33.6% over the past year.

Price Volatility

Is MSGE's price volatile compared to industry and market?
MSGE volatility
MSGE Beta0
Industry Beta1.06
Market Beta1

Stable Share Price: MSGE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MSGE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20064,100Jim Dolanhttps://www.msgentertainment.com

Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre, and The Chicago Theatre. The company also operates 61 entertainment dining and nightlife venues spanning 23 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England’s premier music festival.

Madison Square Garden Entertainment Fundamentals Summary

How do Madison Square Garden Entertainment's earnings and revenue compare to its market cap?
MSGE fundamental statistics
Market CapUS$2.69b
Earnings (TTM)-US$420.81m
Revenue (TTM)US$180.40m

14.9x

P/S Ratio

-6.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MSGE income statement (TTM)
RevenueUS$180.40m
Cost of RevenueUS$139.04m
Gross ProfitUS$41.36m
ExpensesUS$462.17m
Earnings-US$420.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-17.39
Gross Margin22.93%
Net Profit Margin-233.26%
Debt/Equity Ratio25.4%

How did MSGE perform over the long term?

See historical performance and comparison

Valuation

Is Madison Square Garden Entertainment undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MSGE ($79.24) is trading below our estimate of fair value ($219.21)

Significantly Below Fair Value: MSGE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MSGE is unprofitable, so we can't compare its PE Ratio to the US Entertainment industry average.

PE vs Market: MSGE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MSGE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MSGE is good value based on its PB Ratio (1.1x) compared to the US Entertainment industry average (4.3x).


Future Growth

How is Madison Square Garden Entertainment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

134.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSGE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: MSGE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MSGE's is expected to become profitable in the next 3 years.

Revenue vs Market: MSGE's revenue (38.1% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: MSGE's revenue (38.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MSGE's Return on Equity is forecast to be low in 3 years time (3.3%).


Past Performance

How has Madison Square Garden Entertainment performed over the past 5 years?

-50.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSGE is currently unprofitable.

Growing Profit Margin: MSGE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MSGE is unprofitable, and losses have increased over the past 5 years at a rate of 50.4% per year.

Accelerating Growth: Unable to compare MSGE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MSGE is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (10.8%).


Return on Equity

High ROE: MSGE has a negative Return on Equity (-16.57%), as it is currently unprofitable.


Financial Health

How is Madison Square Garden Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: MSGE's short term assets ($1.4B) exceed its short term liabilities ($653.1M).

Long Term Liabilities: MSGE's short term assets ($1.4B) exceed its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: MSGE's debt to equity ratio (25.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MSGE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: MSGE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MSGE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Madison Square Garden Entertainment current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MSGE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MSGE'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 MSGE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MSGE'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 MSGE'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?

1.6yrs

Average management tenure


CEO

Jim Dolan (66 yo)

1.83yrs

Tenure

US$3,955,129

Compensation

Mr. James Lawrence Dolan, also known as Jim, serves as Non-Executive Chairman at AMC Networks Inc. since September 2020. He serves as Executive Chairman at Madison Square Garden Sports Corp. (formerly know...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD3.96M) is about average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MSGE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: MSGE's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 41.4%.


Top Shareholders

Company Information

Madison Square Garden Entertainment Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Madison Square Garden Entertainment Corp.
  • Ticker: MSGE
  • Exchange: NYSE
  • Founded: 2006
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: US$2.691b
  • Shares outstanding: 33.96m
  • Website: https://www.msgentertainment.com

Number of Employees


Location

  • Madison Square Garden Entertainment Corp.
  • Two Pennsylvania Plaza
  • New York
  • New York
  • 10121
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:55
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.