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MSG Networks

NYSE:MSGN
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MSGN
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Media
Company description

MSG Networks Inc. engages in the sports production, and content development and distribution businesses in the United States. The last earnings update was 47 days ago. More info.


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MSGN Share Price and Events
7 Day Returns
0.2%
NYSE:MSGN
0.8%
US Media
0.3%
US Market
1 Year Returns
-8%
NYSE:MSGN
14.8%
US Media
0.7%
US Market
MSGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MSG Networks (MSGN) 0.2% -6.7% -6.8% -8% 28.5% -65.4%
US Media 0.8% -1.2% 4.2% 14.8% 24.2% 25.4%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • MSGN underperformed the Media industry which returned 14.8% over the past year.
  • MSGN underperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
MSGN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is MSG Networks undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MSG Networks to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MSG Networks.

NYSE:MSGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MSGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.778 (1 + (1- 21%) (66.88%))
1.127
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.127 * 5.96%)
9.44%

Discounted Cash Flow Calculation for NYSE:MSGN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MSG Networks is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MSGN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.44%)
2019 204.34 Analyst x6 186.71
2020 200.32 Analyst x4 167.24
2021 187.00 Analyst x2 142.65
2022 177.40 Analyst x2 123.65
2023 210.90 Analyst x1 134.31
2024 214.31 Est @ 1.62% 124.71
2025 218.50 Est @ 1.95% 116.17
2026 223.27 Est @ 2.19% 108.47
2027 228.52 Est @ 2.35% 101.43
2028 234.15 Est @ 2.46% 94.96
Present value of next 10 years cash flows $1,300.29
NYSE:MSGN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $234.15 × (1 + 2.73%) ÷ (9.44% – 2.73%)
$3,582.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,582.49 ÷ (1 + 9.44%)10
$1,452.96
NYSE:MSGN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,300.29 + $1,452.96
$2,753.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,753.25 / 74.88
$36.77
NYSE:MSGN Discount to Share Price
Calculation Result
Value per share (USD) From above. $36.77
Current discount Discount to share price of $20.69
= -1 x ($20.69 - $36.77) / $36.77
43.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MSG Networks is available for.
Intrinsic value
44%
Share price is $20.69 vs Future cash flow value of $36.77
Current Discount Checks
For MSG Networks to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MSG Networks's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MSG Networks's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MSG Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MSG Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MSGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.53
NYSE:MSGN Share Price ** NYSE (2019-06-17) in USD $20.69
United States of America Media Industry PE Ratio Median Figure of 42 Publicly-Listed Media Companies 15.88x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MSG Networks.

NYSE:MSGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MSGN Share Price ÷ EPS (both in USD)

= 20.69 ÷ 2.53

8.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MSG Networks is good value based on earnings compared to the US Media industry average.
  • MSG Networks is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does MSG Networks's expected growth come at a high price?
Raw Data
NYSE:MSGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
2.2%per year
United States of America Media Industry PEG Ratio Median Figure of 32 Publicly-Listed Media Companies 0.88x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:MSGN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.17x ÷ 2.2%

3.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MSG Networks is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on MSG Networks's assets?
Raw Data
NYSE:MSGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-6.72
NYSE:MSGN Share Price * NYSE (2019-06-17) in USD $20.69
United States of America Media Industry PB Ratio Median Figure of 75 Publicly-Listed Media Companies 1.72x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NYSE:MSGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MSGN Share Price ÷ Book Value per Share (both in USD)

= 20.69 ÷ -6.72

-3.08x

* Primary Listing of MSG Networks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MSG Networks has negative assets, we can't compare the value of its assets to the US Media industry average.
X
Value checks
We assess MSG Networks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. MSG Networks has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MSG Networks expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MSG Networks expected to grow at an attractive rate?
  • MSG Networks's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • MSG Networks's earnings growth is positive but not above the United States of America market average.
  • MSG Networks's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MSGN Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MSGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 2.2%
NYSE:MSGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 1.6%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MSGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MSGN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 776 215 210 3
2022-06-30 752 182 206 4
2021-06-30 739 192 201 6
2020-06-30 732 198 197 10
2019-06-30 722 200 193 10
NYSE:MSGN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 724 188 190
2018-12-31 715 199 183
2018-09-30 704 221 295
2018-06-30 697 211 289
2018-03-31 688 200 283
2017-12-31 685 198 281
2017-09-30 679 199 168
2017-06-30 675 196 167
2017-03-31 673 183 171
2016-12-31 669 45 172
2016-09-30 664 24 162
2016-06-30 658 68 163

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MSG Networks's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • MSG Networks's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MSGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from MSG Networks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MSGN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 3.05 3.57 2.52 2.00
2022-06-30 2.93 3.28 2.58 2.00
2021-06-30 2.75 3.04 2.60 3.00
2020-06-30 2.64 2.82 2.44 7.00
2019-06-30 2.57 2.64 2.50 7.00
NYSE:MSGN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.53
2018-12-31 2.43
2018-09-30 3.91
2018-06-30 3.83
2018-03-31 3.76
2017-12-31 3.73
2017-09-30 2.24
2017-06-30 2.23
2017-03-31 2.27
2016-12-31 2.28
2016-09-30 2.16
2016-06-30 2.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MSG Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MSG Networks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MSG Networks has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MSG Networks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MSG Networks's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MSG Networks's year on year earnings growth rate has been positive over the past 5 years.
  • MSG Networks's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MSG Networks's 1-year earnings growth is negative, it can't be compared to the US Media industry average.
Earnings and Revenue History
MSG Networks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MSG Networks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MSGN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 723.89 190.21 98.47
2018-12-31 715.35 182.91 93.11
2018-09-30 703.66 294.64 86.12
2018-06-30 696.65 288.86 84.78
2018-03-31 688.13 283.35 84.00
2017-12-31 684.81 280.57 82.30
2017-09-30 679.23 168.26 80.92
2017-06-30 675.35 167.46 80.67
2017-03-31 673.00 170.98 80.09
2016-12-31 669.34 171.53 77.58
2016-09-30 663.63 162.33 76.61
2016-06-30 658.20 163.30 102.80
2016-03-31 650.84 163.36 124.79
2015-12-31 640.20 154.47 136.69
2015-09-30 636.49 169.34 158.33
2015-06-30 631.01 248.43 155.00
2015-03-31 849.52 216.79 217.28
2014-12-31 1,139.52 200.03 286.75
2014-09-30 1,482.68 211.62 330.11
2014-06-30 714.51 142.86 199.48
2014-03-31 1,520.28 139.85 342.05
2013-12-31 1,473.73 159.24 320.29
2013-09-30 1,352.24 145.65 310.86
2013-06-30 1,340.82 142.38 309.57
2013-03-31 1,337.38 134.53 313.31
2012-12-31 1,325.42 127.15 314.63
2012-09-30 1,310.54 105.86 312.73
2012-06-30 1,284.02 106.55 304.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MSG Networks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • MSG Networks used its assets more efficiently than the US Media industry average last year based on Return on Assets.
  • MSG Networks has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MSG Networks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MSG Networks has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MSG Networks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MSG Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MSG Networks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MSG Networks's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MSG Networks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • MSG Networks has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MSG Networks Company Filings, last reported 2 months ago.

NYSE:MSGN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -503.34 1,036.12 182.26
2018-12-31 -562.03 1,079.22 174.62
2018-09-30 -610.22 1,097.33 170.08
2018-06-30 -657.74 1,190.43 205.34
2018-03-31 -693.34 1,208.54 194.57
2017-12-31 -743.24 1,276.64 201.92
2017-09-30 -902.73 1,294.74 172.95
2017-06-30 -944.21 1,312.85 141.09
2017-03-31 -987.05 1,380.95 176.67
2016-12-31 -1,033.69 1,449.05 185.14
2016-09-30 -1,080.26 1,467.16 155.48
2016-06-30 -1,119.96 1,477.76 119.57
2016-03-31 -1,167.08 1,488.36 111.06
2015-12-31 -1,213.87 1,537.72 237.83
2015-09-30 -1,246.34 1,537.07 213.36
2015-06-30 1,723.52 0.00 203.77
2015-03-31 1,705.33 0.00 241.07
2014-12-31 1,777.72 0.00 378.92
2014-09-30 1,710.46 0.00 320.76
2014-06-30 1,604.44 0.00 92.25
2014-03-31 1,594.90 0.00 76.55
2013-12-31 1,571.06 0.00 154.53
2013-09-30 1,507.01 0.00 119.13
2013-06-30 1,478.94 0.00 277.91
2013-03-31 1,436.86 0.00 228.42
2012-12-31 1,397.07 0.00 248.59
2012-09-30 1,342.68 0.00 205.28
2012-06-30 1,320.01 0.00 206.50
  • MSG Networks has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if MSG Networks's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (18.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess MSG Networks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MSG Networks has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MSG Networks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MSG Networks dividends. Estimated to be 0% next year.
If you bought $2,000 of MSG Networks shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MSG Networks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MSG Networks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MSGN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MSGN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.00 2.00
2020-06-30 0.00 3.00
2019-06-30 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MSG Networks has not reported any payouts.
  • Unable to verify if MSG Networks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MSG Networks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MSG Networks has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of MSG Networks's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess MSG Networks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MSG Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MSG Networks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MSG Networks's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrea Greenberg
COMPENSATION $5,419,114
AGE 59
TENURE AS CEO 3.8 years
CEO Bio

Ms. Andrea Greenberg is the President and Chief Executive Officer of MSG Networks Inc. since 2015. Ms. Greenberg has more than 30 years of experience in the sports, entertainment and television industries. Ms. Greenberg served as the Executive Vice President of Madison Square Garden Company’s (“MSG”) Media business segment from 2010 until 2015. Ms. Greenberg was responsible for all aspects of the Media division, including programming, marketing, sales and operations, and directed all major transactional activities of the division. Ms. Greenberg previously served as the Executive Vice President of the MSG Entertainment business segment from 2008 to 2009. Prior to joining MSG, Ms. Greenberg spent more than 25 years at Rainbow Media Holdings, the former Cablevision Systems Corporation (“Cablevision”) programming subsidiary that spun-off from Cablevision in 2011 to become AMC Networks Inc., last serving as President of Rainbow Media Ventures from 2004 to 2008. Ms. Greenberg serves as a director of The Garden of Dreams Foundation since 2015.

CEO Compensation
  • Andrea's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Andrea's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MSG Networks management team in years:

3.8
Average Tenure
50
Average Age
  • The tenure for the MSG Networks management team is about average.
Management Team

Jim Dolan

TITLE
Executive Chairman of the Board
COMPENSATION
$9M
AGE
63

Andrea Greenberg

TITLE
President & CEO
COMPENSATION
$5M
AGE
59
TENURE
3.8 yrs

Bret Richter

TITLE
Executive VP
COMPENSATION
$2M
AGE
48
TENURE
3.8 yrs

Dawn Darino-Gorski

TITLE
Senior VP
COMPENSATION
$1M
AGE
50
TENURE
3.8 yrs

Lawrence Burian

TITLE
Executive VP
COMPENSATION
$1M
AGE
48
TENURE
9.4 yrs

Ari Danes

TITLE
Senior Vice President of Investor Relations
TENURE
4.5 yrs

Adam Levine

TITLE
Executive Vice President of Business Affairs
Board of Directors Tenure

Average tenure and age of the MSG Networks board of directors in years:

3.8
Average Tenure
61
Average Age
  • The tenure for the MSG Networks board of directors is about average.
Board of Directors

Jim Dolan

TITLE
Executive Chairman of the Board
COMPENSATION
$9M
AGE
63
TENURE
9.9 yrs

Joseph Lhota

TITLE
Director
COMPENSATION
$203K
AGE
64
TENURE
2.5 yrs

John Sykes

TITLE
Director
COMPENSATION
$204K
AGE
62
TENURE
3.8 yrs

Hank Ratner

TITLE
Director
COMPENSATION
$176K
AGE
59
TENURE
3.8 yrs

Chuck Dolan

TITLE
Director
COMPENSATION
$175K
AGE
92
TENURE
9.9 yrs

Paul Dolan

TITLE
Director
COMPENSATION
$176K
AGE
60
TENURE
3.8 yrs

Thomas Dolan

TITLE
Director
COMPENSATION
$173K
AGE
66
TENURE
9.3 yrs

Brian Sweeney

TITLE
Director
COMPENSATION
$175K
AGE
54
TENURE
9.3 yrs

Kristin Dolan

TITLE
Director
COMPENSATION
$88K
AGE
52
TENURE
1.2 yrs

Joel Litvin

TITLE
Director
COMPENSATION
$199K
AGE
59
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess MSG Networks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MSG Networks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

MSG Networks (NYSE:MSGN) Shareholders Received A Total Return Of 36% In The Last Five Years

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … While the share price declined over five years, MSG Networks actually managed to increase EPS by an average of 3.3% per year. … Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain).

Simply Wall St -

Does MSG Networks Inc. (NYSE:MSGN) Have A Good P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how MSG Networks Inc.'s (NYSE:MSGN) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is MSG Networks Inc.'s (NYSE:MSGN) CEO Paid Enough Relative To Peers?

Andrea Greenberg has been the CEO of MSG Networks Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Andrea Greenberg's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Estimating The Intrinsic Value Of MSG Networks Inc (NYSE:MSGN)

Today, I will calculate the stock's intrinsic value. … by taking the expected future cash flows and discounting them to today's value. … If you are reading this and its not November 2018 then I highly recommend you check out the latest calculation for MSG Networks by following the link below

Simply Wall St -

What Did MSG Networks Inc's (NYSE:MSGN) CEO Take Home Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Andrea Greenberg's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Andrea Greenberg receives more in total compensation than the median of a group of companies in the same market, and of similar size to MSG Networks Inc

Simply Wall St -

Should You Be Tempted To Buy MSG Networks Inc (NYSE:MSGN) At Its Current PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … View our latest analysis for MSG Networks

Simply Wall St -

Is MSG Networks Inc (NYSE:MSGN) Still A Cheap Media Stock?

Consumers have more optionality in terms of how they choose to spend their time and money, creating rivalry between various media channels for their attention … Although there is higher competition, consumer behaviour has also adapted to new activities such as omnichannel viewing, allowing individuals to consume more content than ever before … The whole industry continues to expand at a high rate driven by consumer behaviour and technology

Simply Wall St -

Investors Are Undervaluing MSG Networks Inc (NYSE:MSGN) By 24.1%

Today, I will calculate the stock's intrinsic value. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Should You Be Tempted To Buy MSG Networks Inc (NYSE:MSGN) Because Of Its PE Ratio?

and want to begin learning the link between MSG Networks Inc (NYSE:MSGN)’s fundamentals and stock market performance. … MSG Networks Inc (NYSE:MSGN) trades with a trailing P/E of 6x, which is lower than the industry average of 15.7x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Who Are The Largest Shareholders In MSG Networks Inc (NYSE:MSGN)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Private Company Ownership Another important group of owners for potential investors in MSGN are private companies that hold a stake of 0.054% in MSGN. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Company Info

Description

MSG Networks Inc. engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands. The company was formerly known as The Madison Square Garden Company and changed its name to MSG Networks Inc. in October 2015. MSG Networks Inc. was founded in 1969 and is based in New York, New York.

Details
Name: MSG Networks Inc.
MSGN
Exchange: NYSE
Founded: 1969
$1,549,169,998
74,875,302
Website: http://www.msgnetworks.com
Address: MSG Networks Inc.
11 Pennsylvania Plaza,
3rd Floor,
New York,
New York, 10001,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MSGN Class A Common Stock New York Stock Exchange US USD 25. Jan 2010
DB 1M4 Class A Common Stock Deutsche Boerse AG DE EUR 25. Jan 2010
Number of employees
Current staff
Staff numbers
485
MSG Networks employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 00:18
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.