Atlanta Braves Intrinsic Value Calculation – ATLANTA BRAVES Report Second Quarter Fiscal Year 2023 Earnings Results
August 14, 2023
☀️Earnings Overview
The ATLANTA BRAVES ($NASDAQ:BATRK) announced their financial results for the second quarter of the fiscal year 2023, which ended on June 30, 2023. Total revenue for the period was USD 270.1 million, representing an increase of 3.9% compared to the same quarter of the previous year. However, the reported net income for the quarter amounted to a loss of USD 28.9 million, compared to a net income of USD 64.0 million in the year-ago period.
Price History
This closing price was a 0.8% decrease from the previous closing price of 39.6. Despite the drop in revenue and net income, the Braves still posted a strong financial performance for the quarter. The Atlanta Braves attributed the decrease in gross margin to higher salaries and increased costs associated with running a professional sports team. Despite these challenges, the Braves remain optimistic about their long-term prospects and plan to use the data from this quarter to inform their future financial decisions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atlanta Braves. More…
| Total Revenues | Net Income | Net Margin |
| 617.24 | -162.55 | -24.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atlanta Braves. More…
| Operations | Investing | Financing |
| -9.14 | -10.85 | -69.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atlanta Braves. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.51k | 1.29k | 3.96 |
Key Ratios Snapshot
Some of the financial key ratios for Atlanta Braves are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.3% | 171.4% | -20.9% |
| FCF Margin | ROE | ROA |
| -8.0% | -36.7% | -5.3% |
Analysis – Atlanta Braves Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of the wellbeing of the ATLANTA BRAVES. We found that their intrinsic value, which we calculated using our proprietary Valuation Line, was approximately $36.8. Currently, ATLANTA BRAVES shares are traded at $39.3, which is a fair price but is slightly overvalued by 6.7%. More…
Summary
The ATLANTA BRAVES reported total revenue of USD 270.1 million for the second quarter of the fiscal year 2023, up 3.9% from the same period in the previous year. However, net income for the quarter was a loss of USD 28.9 million compared to a net income of USD 64.0 million in the same period of the prior year. Investors should keep an eye on Atlanta Braves’ future earnings reports as well as their performance in the market, given the weakened financial outlook for the company. It is important to consider their other performance indicators such as cash flow, cash position, and liquidity when making an investment decision in this company.
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