Madison Square Garden Entertainment Corp

Company Profile

Madison Square Garden Entertainment Corp had its IPO on 2020-04-09 under the ticker symbol MSGE.

The company operates in the Consumer Cyclical sector and Leisure industry. Madison Square Garden Entertainment Corp has a staff strength of 5,820 employees.

Stock update

Shares of Madison Square Garden Entertainment Corp opened at $32.18 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $32.08 - $32.73, and closed at $32.5.

This is a +0.56% increase from the previous day's closing price.

A total volume of 166,390 shares were traded at the close of the day’s session.

In the last one week, shares of Madison Square Garden Entertainment Corp have increased by +4.84%.

Madison Square Garden Entertainment Corp's Key Ratios

Madison Square Garden Entertainment Corp has a market cap of $1.58 billion, indicating a price to book ratio of 0.7972 and a price to sales ratio of 0.8031.

In the last 12-months Madison Square Garden Entertainment Corp’s revenue was $851.50 million with a gross profit of $372.64 million and an EBITDA of $167.94 million. The EBITDA ratio measures Madison Square Garden Entertainment Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Madison Square Garden Entertainment Corp’s operating margin was 12.62% while its return on assets stood at 4.59% with a return of equity of 0.08%.

In Q2, Madison Square Garden Entertainment Corp’s quarterly earnings growth was a positive 328.7% while revenue growth was a negative 17%.

Madison Square Garden Entertainment Corp’s PE and PEG Ratio

Forward PE

28.2486

Trailing PE

20.9459

PEG

Its diluted EPS in the last 12-months stands at $1.48 per share while it has a forward price to earnings multiple of 28.2486 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Madison Square Garden Entertainment Corp’s profitability.

Madison Square Garden Entertainment Corp stock is trading at a EV to sales ratio of 1.814 and a EV to EBITDA ratio of -213.1042. Its price to sales ratio in the trailing 12-months stood at 0.8031.

Madison Square Garden Entertainment Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.40 billion

Total Liabilities

$540.64 million

Operating Cash Flow

$0

Capital Expenditure

$3.00 million

Dividend Payout Ratio

0%

Madison Square Garden Entertainment Corp ended 2023 with $1.40 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.40 billion while shareholder equity stood at $-69472000.00.

Madison Square Garden Entertainment Corp ended 2023 with $0 in deferred long-term liabilities, $540.64 million in other current liabilities, 519000.00 in common stock, $-28697000.00 in retained earnings and $69.04 million in goodwill. Its cash balance stood at $84.36 million and cash and short-term investments were $84.36 million. The company’s total short-term debt was $52,779,000 while long-term debt stood at $630.18 million.

Madison Square Garden Entertainment Corp’s total current assets stands at $295.28 million while long-term investments were $31.64 million and short-term investments were $0. Its net receivables were $133.36 million compared to accounts payable of $262.01 million and inventory worth $2.56 million.

In 2023, Madison Square Garden Entertainment Corp's operating cash flow was $0 while its capital expenditure stood at $3.00 million.

Comparatively, Madison Square Garden Entertainment Corp paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$32.5

52-Week High

$62.79

52-Week Low

$28.09

Analyst Target Price

$41.2

Madison Square Garden Entertainment Corp stock is currently trading at $32.5 per share. It touched a 52-week high of $62.79 and a 52-week low of $62.79. Analysts tracking the stock have a 12-month average target price of $41.2.

Its 50-day moving average was $33.09 and 200-day moving average was $42.52 The short ratio stood at 5.68 indicating a short percent outstanding of 0%.

Around 328% of the company’s stock are held by insiders while 3303% are held by institutions.