Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
MSGE
BUYREMOVEMadison Square Garden Entertainment Corp. · Communication Services · United States · $3.3B · Avg Vol: $37M/d
Madison Square Garden Entertainment owns premium live entertainment assets, but the business model is highly capital-intensive and carries significant debt, failing our asset-light and high-ROIC quality requirements.
COMPANY DESCRIPTION
Madison Square Garden Entertainment Corp. produces, presents, and hosts live entertainment events across an irreplaceable portfolio of iconic venues, including Madison Square Garden and Radio City Music Hall. The company's competitive moat is anchored by its premium New York City real estate and long-term booking rights for major sports and entertainment franchises. It operates as a premier live entertainment vehicle with highly recurring sponsorship and premium seating revenue streams.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 653M | 851M | 959M | 943M | 13.0% |
| EPS | -2.61 | 1.48 | 2.99 | 0.78 | -27.4% |
| Shares | 52M | 52M | 52M | 53M | +2.6% |
| Debt | 957M | 903M | 1.1B | 1.2B | 7.9% |
| Equity | -1M | -69M | -23M | -13M | — |
| Op CF | 95M | 136M | 111M | 115M | 6.5% |
| Inv CF | 45M | 30M | -62M | -24M | — |
| Fin CF | -396M | -144M | -100M | -82M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of MSGE are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| MSGE | Madison Square Garden Entertainment Corp.(you) | $3.3B | 71 | BUY |
| CNK | Cinemark Holdings, Inc. | $3.2B | 70 | BUY |
| VSNT | Versant Media Group, Inc. | $6.1B | 67 | BUY |
| SPHR | Sphere Entertainment Co. | $4.8B | 55 | HOLD |
| NWSA | News Corporation | $14.5B | 69 | BUY |
| MSGS | Madison Square Garden Sports Corp. | $8.9B | 57 | HOLD |
| ROKU | Roku, Inc. | $18.3B | 64 | HOLD |
| WMG | Warner Music Group Corp. | $16.9B | 61 | HOLD |
| SIRI | Sirius XM Holdings Inc. | $10.1B | 93 | STRONG BUY |
| LLYVA | Liberty Live Holdings, Inc. | $8.8B | 44 | HOLD |
Peer medians: ROE 6.5% · P/E 21.5x · Gross margin 56.8%