MSGS Stock Fair Value – MADISON SQUARE GARDEN SPORTS Reports Fourth Quarter Earnings Results for FY2023

August 24, 2023

🌥️Earnings Overview

On August 17, 2023, MADISON SQUARE GARDEN SPORTS ($NYSE:MSGS) announced their financial results for the quarter ending June 30, 2023. Their total revenue decreased by 27.6% year-over-year to USD 126.9 million, while net income reported was USD -9.3 million, a decrease from the 27.2 million earned in the same quarter of the previous year.

Stock Price

The company’s stock opened at $193.0 and closed at $185.0, signaling a 10.0% drop from the previous closing price of 205.6. The decline in stock price reflected the market’s reaction to the company’s financial performance for the quarter. The results showed a slight decline in revenue compared to the same period last year. Although MADISON SQUARE GARDEN SPORTS reported a decrease in revenue, the company did experience an increase in net income. This came as a result of the company’s focus on cost cutting and strategic investments that have delivered returns over the last few quarters.

In addition, the company expressed optimism about the future, stating that they are looking forward to capitalizing on new opportunities in the marketplace. Despite the decrease in stock price, it is important to remember that this is only a snapshot of the company’s performance and that long-term investments could eventually drive shareholder value. Investors should keep a close watch on the company’s financial health in the coming months to get a better idea of how MADISON SQUARE GARDEN SPORTS is performing. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for MSGS. More…

    Total Revenues Net Income Net Margin
    887.45 47.79 5.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for MSGS. More…

    Operations Investing Financing
    152.47 -17.76 -185.27
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for MSGS. More…

    Total Assets Total Liabilities Book Value Per Share
    1.32k 1.65k -14.11
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for MSGS are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    13.7% 12.7%
    FCF Margin ROE ROA
    17.0% -21.0% 5.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – MSGS Stock Fair Value

    GoodWhale has conducted a thorough analysis of MADISON SQUARE GARDEN SPORTS’s fundamentals to determine the company’s intrinsic value. According to our proprietary Valuation Line, MADISON SQUARE GARDEN SPORTS has an estimated intrinsic value of $269.1 per share. This implies that the current share price of $185.0 is significantly undervalued by 31.2%. We believe this presents an opportunity for investors to acquire a stake in the company at a discounted rate. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Madison Square Garden Sports Corp has long been a leader in the entertainment industry, and it faces stiff competition from a number of large competitors. Madison Square Garden Entertainment Corp, DEAG Deutsche Entertainment AG, and Lions Gate Entertainment Corp all compete to deliver the best entertainment experiences to their customers. These companies have all become major players in the industry and continue to compete fiercely against each other.

    – Madison Square Garden Entertainment Corp ($NYSE:MSGE)

    MSG Entertainment Corp is a leading international entertainment and sports company. It is based in New York City and is the parent company of Madison Square Garden, the world-famous arena located in midtown Manhattan. The company has a market cap of 1.82B as of 2023, giving it a sizable presence in the entertainment and sports industry. Its Return on Equity (ROE) of -4.58% indicates that its shareholders are not receiving any return on their investments. The company focuses on providing a wide range of entertainment and sports events, including concerts, live performances, family shows, and special events throughout the year at its many venues. Additionally, the company owns and operates several professional sports teams, including the New York Knicks of the NBA, the New York Rangers of the NHL, and the Westchester Knicks of the NBA G League. MSG Entertainment Corp stands as one of the largest and most popular entertainment companies in the world.

    – DEAG Deutsche Entertainment AG ($LTS:0LAC)

    Lions Gate Entertainment Corp is a leading entertainment company that produces and distributes motion pictures, television programming, home entertainment, video-on-demand content, and interactive ventures. As of 2023, the company has a market cap of 2.01B and a Return on Equity of -66.97%. The market cap is indicative of the company’s overall value, while the negative ROE is indicative of the company’s financial performance in terms of generating a return on shareholder investments. Despite its current negative returns, Lions Gate is still a well-respected entertainment company with strong potential for growth in the future.

    Summary

    Madison Square Garden Sports has reported their fourth quarter earnings results for FY2023. Total revenue for the period ending on June 30, 2023 was USD 126.9 million, a decrease of 27.6% compared to the same quarter in the previous year. Net income for the period was USD -9.3 million, down from the 27.2 million reported the previous year.

    Investors have reacted negatively to this news, causing the stock price to move down the same day. This could be a sign of further bearish sentiment in the market as investors become increasingly cautious when investing in Madison Square Garden Sports.

    Recent Posts

    Leave a Comment