Madison Square Garden Entertainment Corp.
Madison Square Garden Entertainment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$79.24|
|52 Week High||US$60.26|
|52 Week Low||US$121.42|
|1 Month Change||27.89%|
|3 Month Change||-6.40%|
|1 Year Change||5.20%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-10.47%|
Recent News & Updates
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.
|MSGE||US Entertainment||US Market|
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.
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
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
|MSGE fundamental statistics|
Is MSGE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MSGE income statement (TTM)|
|Cost of Revenue||US$139.04m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-17.39|
|Net Profit Margin||-233.26%|
How did MSGE perform over the long term?See historical performance and comparison
Is Madison Square Garden Entertainment 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: 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).
How is Madison Square Garden Entertainment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
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%).
How has Madison Square Garden Entertainment performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Dolan (66 yo)
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.
Experienced Management: MSGE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: MSGE's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.4%.
Madison Square Garden Entertainment Corp.'s employee growth, exchange listings and data sources
- 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
- Madison Square Garden Entertainment Corp.
- Two Pennsylvania Plaza
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 00:55|
|End of Day Share Price||2021/09/17 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.