Madison Square Garden Entertainment Corp. Rated ‘Moderate Buy’ by Brokerages
July 15, 2023
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Brokerages at Defense World have recently given Madison Square Garden ($NYSE:MSGE) Entertainment Corp. an average recommendation of “Moderate Buy”. The company is a subsidiary of Madison Square Garden Sports Corp., a leader in live sports and entertainment experiences. Additionally, the company owns original content production and distribution businesses like Tribeca Enterprises, which produces the Tribeca Film Festival, and Fuse Media, a multi-platform media brand targeting young adults. With its strong portfolio of venues and content production businesses, Madison Square Garden Entertainment Corp. is well-positioned to continue to benefit from growth in the entertainment industry.
Price History
This small gain was enough to prompt several brokerages to rate MSGE as a ‘Moderate Buy’, noting the company’s potential for continued success. Despite the slight increase in stock value, the company still faces an uncertain future as it works to navigate a rapidly changing entertainment landscape. Nevertheless, analysts remain optimistic about the potential of MSGE and its ability to deliver solid returns for investors in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MSGE. More…
| Total Revenues | Net Income | Net Margin |
| 881.9 | -36.95 | -1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MSGE. More…
| Operations | Investing | Financing |
| 167.35 | 71.76 | -331.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MSGE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.55k | 1.5k | 0.84 |
Key Ratios Snapshot
Some of the financial key ratios for MSGE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 1.4% |
| FCF Margin | ROE | ROA |
| 17.0% | -199.1% | 0.5% |
Analysis
GoodWhale has conducted a financial analysis of MADISON SQUARE GARDEN ENTERTAINMENT and classified it as ‘cheetah’ based on Star Chart. A ‘cheetah’ company is one that has achieved high revenue or earnings growth, yet is considered less stable due to lower profitability. In terms of financial health, MADISON SQUARE GARDEN ENTERTAINMENT scored an intermediate 6/10, suggesting it is likely able to sustain future operations in times of crisis. Additionally, MADISON SQUARE GARDEN ENTERTAINMENT is strong in asset, medium in growth, profitability and weak in dividend. As such, investors interested in MADISON SQUARE GARDEN ENTERTAINMENT should be aware of the company’s high growth potential and the consequent higher risk of instability. Investors should also take note of the intermediate financial health score, which suggests that the company is well-positioned to manage future potential crises. More…
Peers
The competition between Madison Square Garden Entertainment Corp and its competitors is fierce. Madison Square Garden Sports Corp, Lions Gate Entertainment Corp, and Seoul Broadcasting System Co Ltd are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses.
– Madison Square Garden Sports Corp ($NYSE:MSGS)
Madison Square Garden Sports Corp owns and operates sports and entertainment venues. The company has a market cap of $3.62B and a ROE of -33.12%. The company owns and operates Madison Square Garden, the Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and the Chicago Theatre. The company also owns and operates the New York Knicks, the New York Rangers, and the New York Liberty.
– Lions Gate Entertainment Corp ($NYSE:LGF.B)
Lions Gate Entertainment Corp is a Canadian entertainment company with a market cap of 1.49B as of 2022. The company has a Return on Equity of -66.97%. The company is involved in the production and distribution of films and television shows.
– Seoul Broadcasting System Co Ltd ($KOSE:034120)
Seoul Broadcasting System Co Ltd is a South Korean national radio and television broadcasting company. It is the largest broadcaster in the country with 17 radio and television networks, including the flagship SBS TV channel. The company also operates several cable TV channels and radio stations. In addition to its broadcasting business, SBS also has a large production arm that produces some of the country’s most popular television shows and movies.
Summary
Madison Square Garden Entertainment Corporation (MSG Entertainment) has recently received an average recommendation of “Moderate Buy” from brokerages. This means that analysts believe the stock is likely to outperform the broader market, but are less than enthusiastic about its prospects. Investors should consider the company’s strategic moves, financial performance, and other factors before investing in the stock. MSG Entertainment has delivered strong revenue growth over the past several years and has a solid balance sheet.
In addition, the company has moved to diversify its portfolio of entertainment offerings, including expanding into virtual reality and live streaming events. MSG Entertainment also has a strong presence in the sports and music industries, making it a more attractive investment opportunity. Investors should keep an eye on MSG Entertainment’s financials, management decisions, and other developments in the space before investing.
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