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Endeavor Group Holdings, Inc. Stock Research

EDR

23.50USD+0.35(+1.51%)Delayedas of 31 Mar 2023, 12:32 pm

Market Summary

USD23.50+0.35
Delayedas of 31 Mar 2023, 12:32 pm
1.51%

EDR Alerts

EDR Stock Price

EDR RSI Chart

EDR Valuation

Market Cap

6.6B

Price/Earnings (Trailing)

51.37

Price/Sales (Trailing)

1.26

EV/EBITDA

25.33

Price/Free Cashflow

18.69

EDR Price/Sales (Trailing)

EDR Profitability

EBT Margin

-1.96%

Return on Assets

1.03%

Free Cashflow Yield

5.35%

EDR Fundamentals

EDR Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

-16.28%

Revenue Q/Q

3.2%

EDR Earnings

Earnings (TTM)

129.1M

Earnings Y/Y

-1.1K%

Earnings Q/Q

-2.0K%

Price Action

52 Week Range

17.4229.98
(Low)(High)

Last 7 days

1.7%

Last 30 days

3.8%

Last 90 days

2.7%

Trailing 12 Months

-21.1%

EDR Financial Health

Current Ratio

1.05

Debt/Cashflow

0.09

EDR Investor Care

Shares Dilution (1Y)

8.74%

Diluted EPS (TTM)

0.45

Financials for Endeavor Group Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-4.4%5,2685,5135,6835,4825,078
Operating Expenses-5.8%4,6914,9785,1675,4255,100
  S&GA Expenses1.4%2,3592,3262,2452,4432,284
EBITDA-59.9%4461,1131,094-8.23135
EBITDA Margin-58.1%0.08*0.20*0.08*0.00*0.03*
Earnings Before Taxes-117.7%-10358557881.00-417
EBT Margin-118.5%-0.02*0.11*-0.01*-0.10*-0.08*
Interest Expenses9.4%282258238260269
Net Income-59.5%12931937126.00-318
Net Income Margin-57.6%0.02*0.06*0.12*0.12*0.06*
Free Cahsflow-10.6%355397540234234
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.9%12,50411,91611,73711,35911,435
  Current Assets-5.6%2,5372,6873,4613,4163,754
    Cash Equivalents-20.9%7689711,8242,0301,561
  Net PPE8.3%696643630630630
  Goodwill0.9%5,2855,2384,5414,5314,507
Liabilities8.3%9,1978,4928,6118,3939,103
  Current Liabilities2.8%2,4152,3492,2691,9992,705
  Long Term Debt-4.5%5,4275,6845,7045,714-
    LT Debt, Current-0.8%88.0089.0087.0083.0082.00
    LT Debt, Non Current-4.8%5,0805,3385,5975,6215,632
  Retained Earnings-2053.8%-216-10.04-23.00-296
  Additional Paid-In Capital2.9%2,1212,0621,9621,6971,624
Accumulated Depreciation-444----
Shares Outstanding1.5%286282268262-
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-8.7%503551669346334
  Share Based Compensation-7.8%210228240567532
Cashflow From Investing22.7%-704-911-163-121-659
Cashflow From Financing-271.3%-5493215701,019960
  Dividend Payments36.7%36.0027.0026.004.009.00
  Buy Backs-0.00----

Risks for EDR

What is the probability of a big loss on EDR?

89.1%


Probability that Endeavor Group Holdings stock will be more than 20% underwater in next one year

48.5%


Probability that Endeavor Group Holdings stock will be more than 30% underwater in next one year.

35.6%


Probability that Endeavor Group Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EDR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Endeavor Group Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for EDR

Cumulative Returns on EDR

Which funds bought or sold EDR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-17
American Portfolios Advisors
unchanged
-
-101
6,787
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
58.59
1,897,720
4,380,720
-%
2023-03-06
Rockefeller Capital Management L.P.
added
48.15
177,000
450,000
-%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
508
4,508
-%
2023-02-21
MACQUARIE GROUP LTD
reduced
-21.63
-470,000
3,200,000
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
new
-
113
113
-%
2023-02-16
GHP Investment Advisors, Inc.
new
-
10,143
10,143
-%
2023-02-15
Steward Partners Investment Advisory, LLC
unchanged
-
410
5,410
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
reduced
-59.35
-20,182,400
16,661,600
0.01%
2023-02-15
HOWE & RUSLING INC
sold off
-100
-2,000
-
-%

1–10 of 44

Latest Funds Activity

Are funds buying EDR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own EDR
No. of Funds

Endeavor Group Holdings News

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Investor's Business Daily

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Investor's Business Daily

Schedule 13G FIlings of Endeavor Group Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
coatue management llc
4.9%
14,155,931
SC 13G/A
Feb 13, 2023
kkr group partnership l.p.
0.1%
152,353
SC 13G/A
Feb 14, 2022
canada pension plan investment board
8.0%
21,038,712
SC 13G
Feb 14, 2022
coatue management llc
7.2%
18,903,853
SC 13G/A
Feb 08, 2022
gic private ltd
7.97%
21,038,712
SC 13G

EDR Fair Value

Endeavor Group Holdings fair value in different scenarios

The table shows the Fair Value estimates for Endeavor Group Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

6.32

-73.11%

7.28

-69.02%

8.76

-62.72%

12.47

-46.94%

16.62

-29.28%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Endeavor Group Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Endeavor Group Holdings

View All Filings
Date Filed Form Type Document
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Feb 28, 2023
10-K
Annual Report
Feb 28, 2023
8-K
Current Report
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for EDR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
Emanuel Ariel
back to issuer
-
-
-74,296
chief executive officer
2023-03-03
Endeavor Executive Holdco, LLC
back to issuer
-
-
-74,296
-
2023-03-03
Whitesell Patrick
back to issuer
-
-
-74,296
executive chairman
2023-03-02
Emanuel Ariel
back to issuer
-
-
-81,888
chief executive officer
2023-03-02
Endeavor Executive Holdco, LLC
back to issuer
-
-
-81,888
-
2023-03-02
Whitesell Patrick
back to issuer
-
-
-81,888
executive chairman

1–10 of 50

Ari Z. Emanuel
7700
Endeavor Group Holdings, Inc. operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events. The Events, Experiences & Rights segment provides services to a portfolio of live events, including sporting events, fashion, art fairs and music, culinary, and lifestyle festivals. This segment also owns and operates the IMG Academy, an academic and sports training institution; and produces and distributes sports video programming. The Representation segment offers services to a diverse group of talent across entertainment, sports, and fashion, such as actors, directors, writers, athletes, models, musicians, and other artists in various mediums comprising film, television, art, books, and live events. This segment provides brand strategy, marketing, advertising, public relations, analytics, digital, activation, and experiential services to corporate and other clients; intellectual property licensing services to a portfolio of entertainment, sports, and consumer product brands; and content development, production, financing, sales, and advisory services for television properties, documentaries, feature films, and podcasts. The company was founded in 1898 and is based in Beverly Hills, California.

EDR Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue$ 5,268,137$ 5,077,713$ 3,478,743
Operating expenses:   
Direct operating costs2,065,7772,597,1781,745,275
Selling, general and administrative expenses2,358,9622,283,5581,442,316
Insurance recoveries(1,099)(68,190)(86,990)
Depreciation and amortization266,775282,883310,883
Impairment charges6894,524220,477
Total operating expenses4,691,1045,099,9533,631,961
Operating income (loss)577,033(22,240)(153,218)
Other (expense) income:   
Interest expense, net(282,255)(268,677)(284,586)
Loss on extinguishment of debt0(28,628)0
Tax receivable agreement liability adjustment(873,264)(101,736)0
Other income,net475,2514,25881,087
Loss before income taxes and equity losses of affiliates(103,235)(417,023)(356,717)
(Benefit from) provision for income taxes(648,503)(22,277)8,507
Income (loss) before equity losses of affiliates545,268(394,746)(365,224)
Equity losses of affiliates, net of tax(223,604)(72,733)(260,094)
Net Loss321,664(467,479)(625,318)
Less: Net income (loss) attributable to non-controlling interests192,531(139,168)29,616
Less: Net loss attributable to Endeavor Operating Company, LLC prior to the reorganization transactions0(31,686)(654,934)
Net income (loss) attributable to Endeavor Group Holdings, Inc.$ 129,133$ (296,625)$ 0
Basic[1]$ 0.48$ (1.14) 
Diluted[1]$ 0.45$ (1.14) 
Weighted Average Number of Shares Outstanding, Diluted281,369,848262,119,930 
Weighted Average Number of Shares Outstanding, Diluted287,707,832262,119,930 
[1]Basic and diluted loss per share of Class A common stock presented for 2021 is applicable only for the period from May 1, 2021 through December 31, 2021, which is the period following the initial public offering (“IPO”) and the related Reorganization Transactions (as defined in Note 1 to the consolidated financial statements). See Note 13 for the calculation of the numbers of shares used in computation of net loss per share of Class A common stock and the basis for computation of net loss per share.

EDR Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:  
Cash and cash equivalents$ 767,828$ 1,560,995
Restricted cash278,165232,041
Accounts receivable917,000615,010
Deferred costs268,524255,371
Assets held for sale12,013885,633
Other current assets293,206204,697
Total current assets2,536,7363,753,747
Property and equipment, net696,302629,807
Operating lease right-of-use assets346,550373,652
Intangible assets, net2,205,5831,611,684
Goodwill5,284,6974,506,554
Investments336,973298,212
Deferred income taxes771,38236,371
Other assets325,619224,490
Total assets12,503,84211,434,517
Current Liabilities:  
Accounts payable600,605558,863
Accrued liabilities525,239524,061
Current portion of long-term debt88,30982,022
Current portion of operating lease liabilities65,38159,743
Deferred revenue716,147651,760
Deposits received on behalf of clients258,414216,632
Liabilities held for sale2,672507,303
Other current liabilities157,773105,053
Total current liabilities2,414,5402,705,437
Long-term debt5,080,2375,631,714
Long-term operating lease liabilities327,888363,568
Long-term tax receivable agreement liability961,62392,588
Other long-term liabilities412,982309,884
Total liabilities9,197,2709,103,191
Commitments and contingencies (Note 20)
Redeemable non-controlling interests253,079209,863
Shareholders' Equity:  
Additional paid-in capital2,120,7941,624,201
Accumulated deficit(216,219)(296,625)
Accumulated other comprehensive loss(23,736)(80,535)
Total Endeavor Group Holdings, Inc. shareholders' equity1,880,8441,247,046
Nonredeemable non-controlling interests1,172,649874,417
Total shareholders' equity3,053,4932,121,463
Total liabilities, redeemable interests and shareholders' equity12,503,84211,434,517
Common Class A [Member]  
Shareholders' Equity:  
Common stock value22
Common Class B [Member]  
Shareholders' Equity:  
Common stock value00
Common Class C [Member]  
Shareholders' Equity:  
Common stock value00
Common Class X [Member]  
Shareholders' Equity:  
Common stock value11
Common Class Y [Member]  
Shareholders' Equity:  
Common stock value$ 2$ 2