-0.76%
-3.00%
-1.70%
9.23%
18.27%
31.82%
49.00%

Company Description

Madison Square Garden Sports Corp.operates as a professional sports company.The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League.


Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.It also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming, a North American esports organization.In addition, the company operates two professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh and the CLG Performance Center in Los Angeles.


The company was formerly known as The Madison Square Garden Company.Madison Square Garden Sports Corp.was incorporated in 2015 and is based in New York, New York.

Market Data

Last Price 218.91
Change Percentage -0.76%
Open 220.5
Previous Close 220.6
Market Cap ( Millions) 5253
Volume 29228
Year High 237.99
Year Low 178.35
M A 50 223.92
M A 200 205.5

Financial Ratios

FCF Yield 2.26%
Dividend Yield 0.00%
ROE -23.81%
Debt / Equity -393.96%
Net Debt / EBIDTA 655.18%
Price To Book -18.95
Price Earnings Ratio 75.1
Price To FCF 44.25
Price To sales 5.06
EV / EBITDA 39.61

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Event-related

Expected Growth : 2.5 %

What the company do ?

Event-related refers to the various events, such as sports games and concerts, hosted by Madison Square Garden Sports Corp. at their iconic venues.

Why we expect these perspectives ?

Madison Square Garden Sports Corp.'s 2.5% growth is driven by increasing ticket sales from a strong NBA and NHL season, coupled with growing media rights revenue from broadcasting deals. Additionally, the company's focus on premium seating and hospitality experiences contributes to higher revenue per event. These factors, along with a strong pipeline of upcoming events, support the company's growth momentum.

Segment nΒ°2 -> Media Rights

Expected Growth : 3.5 %

What the company do ?

Media Rights from Madison Square Garden Sports Corp. refers to the exclusive rights to broadcast and distribute sports content, including NBA's New York Knicks and NHL's New York Rangers games, to various media platforms.

Why we expect these perspectives ?

Media Rights from Madison Square Garden Sports Corp. growth driven by increasing demand for live sports content, rising popularity of MSG's sports teams, and strategic partnerships with broadcasters and streaming services, resulting in a 3.5% growth rate.

Segment nΒ°3 -> Sponsorship, Signage and Suite Licenses

Expected Growth : 2.8 %

What the company do ?

Madison Square Garden Sports Corp. offers Sponsorship, Signage, and Suite Licenses, allowing brands to reach massive audiences through event promotions, arena advertising, and premium hospitality experiences.

Why we expect these perspectives ?

Strong brand recognition and iconic venue status drive Sponsorship growth. Increased demand for premium experiences fuels Signage and Suite Licenses growth, with a 2.8% increase attributed to strategic partnerships, enhanced fan engagement, and a strong New York market presence.

Segment nΒ°4 -> League Distributions and Other

Expected Growth : 2.2 %

What the company do ?

League Distributions and Other from Madison Square Garden Sports Corp. refers to the revenue generated from NBA and NHL teams, as well as other sources like suites, sponsorships, and signage.

Why we expect these perspectives ?

Madison Square Garden Sports Corp.'s 2.2% growth in League Distributions and Other is driven by increasing media rights fees, sponsorship deals, and ticket sales. Additionally, the company's strategic partnerships, such as the NBA's growing popularity and the WNBA's rising viewership, contribute to this growth.

Madison Square Garden Sports Corp. Products

Product Range What is it ?
New York Knicks Tickets Tickets to watch the New York Knicks play at Madison Square Garden
New York Rangers Tickets Tickets to watch the New York Rangers play at Madison Square Garden
Concert and Event Tickets Tickets to concerts, comedy shows, and other events held at Madison Square Garden
Suite Rentals Luxury suites for private events and corporate entertainment
Madison Square Garden Tours Guided tours of the iconic arena, including the locker rooms and arena floor
MSG Networks Regional sports network broadcasting Knicks, Rangers, and other local sports
MSG Sports Properties Sponsorship and advertising opportunities at Madison Square Garden

Madison Square Garden Sports Corp.'s Porter Forces

The threat of substitutes for Madison Square Garden Sports Corp. is medium, as while there are some alternative entertainment options available, the company's unique venues and events provide a competitive advantage.

The bargaining power of customers for Madison Square Garden Sports Corp. is low, as individual customers have limited negotiating power and the company has a strong brand and loyal customer base.

The bargaining power of suppliers for Madison Square Garden Sports Corp. is medium, as while the company has some dependence on suppliers for certain goods and services, it also has some negotiating power due to its size and scale.

The threat of new entrants for Madison Square Garden Sports Corp. is low, as the company has a strong brand and established presence in the market, making it difficult for new entrants to gain traction.

The intensity of rivalry for Madison Square Garden Sports Corp. is high, as the company operates in a competitive industry with several established players, and must continually innovate and improve to maintain its market position.

Capital Structure

Value
Debt Weight 143.02%
Debt Cost 4.02%
Equity Weight -43.02%
Equity Cost 7.32%
WACC 2.60%
Leverage -332.46%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
EDR Endeavor Group Holdings, Inc. operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, …
LYV Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned …
NWSA News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: …
WMG Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. …
SIRI Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
218.91$
Current Price
218.91$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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