MSGE - Madison Square Garden Entertainment Corp. Class A Common Stock Stock Price, Fair Value and News

38.47USD+0.53 (+1.40%)Market Closed

Market Summary

USD38.47+0.53

Market Closed

1.40%

MSGE Stock Price

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MSGE RSI Chart

MSGE Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

3.64

Price/Sales (Trailing)

1.88

EV/EBITDA

45.92

Price/Free Cashflow

26.96

MSGE Price/Sales (Trailing)

MSGE Profitability

EBT Margin

-13.57%

Return on Equity

15.14%

Return on Assets

7.64%

Free Cashflow Yield

3.71%

MSGE Fundamentals

MSGE Revenue

Revenue (TTM)

723.3M

Rev. Growth (Yr)

96.91%

Rev. Growth (Qtr)

166.22%

MSGE Earnings

Earnings (TTM)

373.1M

Earnings Growth (Yr)

-356.34%

Earnings Growth (Qtr)

-360.82%

Breaking Down MSGE Revenue

Last 7 days

-3.1%

Last 30 days

-2.7%

Last 90 days

13.3%

Trailing 12 Months

-35.4%

How does MSGE drawdown profile look like?

MSGE Financial Health

Current Ratio

0.63

Debt/Equity

0.21

Debt/Cashflow

0.1

MSGE Investor Care

Shares Dilution (1Y)

1.80%

Diluted EPS (TTM)

10.73

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	584.5M	573.8M	568.7M	723.3M
2022	730.9M	610.1M	591.7M	590.5M
2021	1.2B	814.2M	785.1M	777.1M
2020	969.1M	1.4B	1.4B	1.2B
2019	1.0B	1.0B	1.0B	1.0B
2018	0	989.0M	1.0B	1.0B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Madison Square Garden Entertainment Corp. Class A Common Stock

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 09, 2023	thomas isiah iii	sold	-54,444	58.48	-931	-
Sep 22, 2022	d'ambrosio philip gerard	bought	29,532	49.22	600	svp and treasurer
Sep 15, 2022	d'ambrosio philip gerard	acquired	-	-	6,704	svp and treasurer
Sep 15, 2022	haughton jamal h	sold (taxes)	-76,864	56.27	-1,366	evp & general counsel
Sep 15, 2022	byrnes david f.	sold (taxes)	-70,956	56.27	-1,261	evp & chief financial officer
Sep 15, 2022	dolan ryan thomas	acquired	-	-	438	-
Sep 15, 2022	d'ambrosio philip gerard	sold (taxes)	-163,971	56.27	-2,914	svp and treasurer
Sep 15, 2022	greenberg andrea	acquired	-	-	36,902	president/ceo-msg networks
Sep 15, 2022	greenberg andrea	sold (taxes)	-1,011,120	56.27	-17,969	president/ceo-msg networks
Sep 15, 2022	haughton jamal h	acquired	-	-	2,677	evp & general counsel

Which funds bought or sold MSGE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	Westside Investment Management, Inc.	unchanged	-	3,086	16,311	-%
Apr 19, 2024	REDMONT WEALTH ADVISORS LLC	added	14.48	298,957	755,685	1.05%
Apr 19, 2024	JTC Employer Solutions Trustee Ltd	unchanged	-	67,000	212,000	0.01%
Apr 19, 2024	Westside Investment Management, Inc.	sold off	-100	-9,373	-	-%
Apr 19, 2024	CALDWELL SUTTER CAPITAL, INC.	unchanged	-	75.00	245	-%
Apr 19, 2024	CALDWELL SUTTER CAPITAL, INC.	unchanged	-	37.00	196	-%
Apr 19, 2024	JTC Employer Solutions Trustee Ltd	unchanged	-	31,000	168,000	0.01%
Apr 18, 2024	CenterStar Asset Management, LLC	added	30.14	667,485	1,422,310	0.44%
Apr 18, 2024	SJS Investment Consulting Inc.	unchanged	-	91.00	295	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	sold off	-100	-1,903,140	-	-%

Are Funds Buying or Selling MSGE?

Are funds buying MSGE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MSGE

No. of Funds

Unveiling Madison Square Garden Entertainment Corp. Class A Common Stock's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 01, 2024	dolan charles f	12.9%	4,144,470	SC 13D/A
Feb 14, 2024	price t rowe associates inc /md/	6.1%	1,717,858	SC 13G
Feb 14, 2024	ariel investments, llc	17.6%	4,982,899	SC 13G/A
Feb 14, 2024	jericho capital asset management l.p.	8.6%	2,436,214	SC 13G
Feb 13, 2024	vanguard group inc	9.88%	2,789,782	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.4%	1,534,045	SC 13G
Jan 26, 2024	blackrock inc.	7.0%	1,988,885	SC 13G/A
Aug 10, 2023	ariel investments, llc	18.3%	5,073,532	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	7.0%	1,926,339	SC 13G
Feb 14, 2023	ariel investments, llc	24.2%	6,692,520	SC 13G/A

Recent SEC filings of Madison Square Garden Entertainment Corp. Class A Common Stock

View All Filings

Date Filed	Form Type	Document
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading
Mar 08, 2024	144	Notice of Insider Sale Intent

Madison Square Garden Entertainment Corp. Class A Common Stock News

Latest updates

Madison Square Garden Entertainment Corp. Class A Common Stock Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	166.2%	314,157,000	118,007,000	129,099,000	162,062,000	159,541,000	123,129,000	139,749,000	168,080,000	160,753,000	141,473,000	260,597,000	214,318,000	168,752,000	170,546,000	682,081,000	181,902,000	394,072,000	177,963,000	215,197,000	239,067,000	415,332,000
S&GA Expenses	-	-	-	-	-489,000	182,433,000	164,410,000	526,481,000	-9,647,000	162,277,000	174,839,000	143,255,000	103,425,000	96,018,000	81,657,000	173,555,000	85,035,000	86,854,000	87,767,000	-	83,159,000	-
EBITDA Margin	336.7%	0.05	-0.02	0.00	0.04	0.04	-0.05	-0.13	-0.05	0.00	-0.10	-0.02	0.37	0.24	0.30	0.28	-0.10	0.06	0.09	0.09	0.09	0.09
Interest Expenses	-	-	-	-	-	894,000	2,167,000	3,909,000	5,831,000	8,167,000	9,248,000	3,385,000	6,503,000	5,262,000	5,273,000	34,710,000	605,000	144,000	1,105,000	-	3,247,000	-
Income Taxes	-	-	-	-	-	2,249,000	2,507,000	-21,298,000	6,315,000	4,063,000	-18,910,000	23,192,000	6,556,000	-298,000	9,457,000	110,376,000	-10,126,000	1,255,000	185,000	-	469,000	-
Earnings Before Taxes	-	-	-	-	-	72,806,000	-41,536,000	-116,458,000	-12,991,000	9,082,000	-95,565,000	-50,280,000	-19,282,000	-60,373,000	-30,859,000	394,971,000	-170,989,000	83,899,000	-56,378,000	-	-12,147,000	-
EBT Margin	21.4%	-0.14	-0.17	-0.17	-0.17	-0.17	-0.27	-0.35	-0.20	-0.20	-0.29	-0.20	0.23	0.11	0.19	0.18	-0.21	-0.04	-0.02	-0.02	-0.03	-0.03
Net Income	-360.8%	-173,248,000	66,425,000	536,795,000	-56,850,000	67,584,000	-44,757,000	-99,942,000	-17,491,000	2,270,000	-79,232,000	-38,263,000	-18,260,000	-55,831,000	-35,797,000	126,626,000	-134,731,000	81,306,000	-55,967,000	-59,289,000	-14,869,000	87,609,000
Net Income Margin	-52.2%	0.52	1.08	0.84	-0.27	-0.20	-0.27	-0.32	-0.18	-0.17	-0.24	-0.18	0.01	-0.08	0.03	0.01	-0.17	-0.05	-0.04	-0.02	0.01	0.01
Free Cashflow	149.0%	46,403,000	-94,641,000	-224,456,000	-157,364,000	-104,075,000	-321,406,000	-205,084,000	-230,003,000	-50,007,000	-130,283,000	-76,211,500	-113,970,000	-115,270,000	-209,026,000	45,190,000	-88,037,000	1,261,000	-105,531,000	-13,256,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q2
Assets	0.4%	4,883	4,865	4,973	6,049	5,850	5,426	5,522	5,580	5,523	5,338	5,290	4,104	4,122	3,586	3,734	3,827	3,316
Current Assets	30.4%	879	674	624	1,190	916	841	1,219	1,458	1,635	1,689	1,873	1,541	1,662	1,179	1,427	1,649	1,347
Cash Equivalents	39.0%	628	452	429	358	554	459	846	1,021	1,282	1,355	1,540	1,602	1,735	1,180	1,121	1,003	1,318
Net PPE	-5.3%	3,288	3,471	3,307	3,690	3,509	3,226	2,158	2,707	2,475	2,285	2,156	1,916	1,837	1,740	1,660	1,541	1,349
Goodwill	0%	457	457	457	499	500	500	457	500	500	1.00	457	74.00	74.00	74.00	499	82.00	166
Liabilities	8.5%	2,418	2,229	2,389	3,877	3,641	3,322	3,363	3,321	3,253	3,102	2,972	1,472	1,412	785	845	988	662
Current Liabilities	117.5%	1,399	643	692	1,400	964	920	961	965	870	754	730	513	472	451	510	626	474
Long Term Debt	-52.5%	521	1,098	1,118	1,782	1,885	1,653	930	1,584	1,607	1,621	1,651	657	649	27.00	28.00	30.00	49.00
LT Debt, Current	763.1%	890	103	83.00	99.00	103	86.00	66.00	66.00	56.00	55.00	54.00	4.00	5.00	5.00	5.00	5.00	6.00
LT Debt, Non Current	-52.5%	521	1,098	1,118	1,782	1,885	1,653	930	1,584	1,607	1,621	1,651	657	649	27.00	28.00	30.00	49.00
Shareholder's Equity	-6.5%	2,465	2,636	2,584	2,021	2,019	1,919	1,975	2,122	2,128	2,096	2,180	2,253	2,270	2,285	2,300	2,813	2,146
Retained Earnings	-62.2%	105	278	212	-324	-267	-335	-290	-190	-173	-175	-96.34	-152	-72.77	52.00	142	-	-
Additional Paid-In Capital	-0.1%	2,366	2,368	2,376	2,391	2,322	2,303	2,302	2,334	2,317	2,293	2,295	2,781	2,782	2,757	2,765	-	-
Shares Outstanding	1.1%	35.00	35.00	35.00	35.00	35.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	-	35.00	-	-
Minority Interest	-	-	-	-	13.00	13.00	12.00	12.00	15.00	16.00	13.00	12.00	11.00	11.00	12.00	12.00	17.00	14.00
Float	-	-	-	-	-	1,180	-	-	-	1,850	-	-	-	1,990	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q2
Cashflow From Operations	149.0%	46.00	-94.64	16.00	83.00	136	-81.18	35.00	-26.58	126	7.00	55.00	-11.65	-7.24	-95.23	174	30.00	123	-19.17	-	-	-
Share Based Compensation	145.1%	12.00	5.00	7.00	20.00	20.00	15.00	15.00	19.00	24.00	20.00	15.00	8.00	30.00	16.00	32.00	9.00	10.00	10.00	-	-	-
Cashflow From Investing	-198.5%	-65.53	66.00	172	-249	-290	-285	-256	-215	-186	-146	-145	-114	-56.00	192	83.00	-348	-63.00	-66.61	-	-	-
Cashflow From Financing	283.7%	195	51.00	-114	-28.69	249	-20.02	47.00	-19.88	-12.84	-44.80	3.00	-8.91	615	-16.00	-382	309	-5.60	-35.29	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73.00	-	-	-	-	-	-

MSGE Income Statement

2023-12-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2023

Dec. 31, 2022

Revenues

$ 314,157

$ 159,541

$ 432,164

$ 282,670

Depreciation and amortization

(94,290)

(58,814)

Restructuring charges

(1,287)

(8,075)

(4,678)

(8,075)

Other (expense) income, net

(1,130)

(1,355)

41,066

(1,770)

Loss from continuing operations

(173,248)

(27,308)

(106,176)

(73,611)

Income (loss) from discontinued operations, net of taxes

97,865

(647)

100,125

Net (loss) income

(173,248)

70,557

(106,823)

26,514

Less: Net income attributable to redeemable noncontrolling interests from discontinued operations

3,029

4,153

Net (loss) income attributable to Sphere Entertainment Co.’s stockholders

$ (173,248)

$ 67,584

$ (106,823)

$ 22,827

Basic (loss) earnings per common share

Continuing operations (in dollars per share)

$ (4.91)

$ (0.79)

$ (3.02)

$ (2.13)

Discontinued operations (in dollars per share)

2.74

(0.02)

2.79

Basic (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)

(4.91)

1.95

(3.04)

0.66

Diluted (loss) earnings per common share

Continuing operations (in dollars per share)

(4.91)

(0.79)

(3.02)

(2.13)

Discontinued operations (in dollars per share)

2.74

(0.02)

2.79

Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)

$ (4.91)

$ 1.95

$ (3.04)

$ 0.66

Weighted-average number of common shares outstanding:

Basic (in shares)

35,309

34,684

35,110

34,544

Diluted (in shares)

35,309

34,710

35,110

34,609

Continuing Operations

Revenues

^[1]

$ 314,157

$ 159,541

$ 432,164

$ 282,670

Direct operating expenses

^[1]

(159,766)

(90,400)

(244,265)

(165,820)

Selling, general and administrative expenses

^[1]

(115,520)

(104,415)

(202,664)

(199,046)

Depreciation and amortization

(80,031)

(7,386)

(94,290)

(13,519)

Impairment and other (losses) gains, net

(117,235)

1,000

(115,738)

3,000

Restructuring charges

(1,287)

(8,075)

(4,678)

(8,075)

Operating loss

(159,682)

(49,735)

(229,471)

(100,790)

Interest income

5,926

2,669

10,304

6,002

Interest expense

(25,828)

Other (expense) income, net

(1,130)

(1,355)

41,066

(1,770)

Loss from continuing operations before income taxes

(180,714)

(48,421)

(203,929)

(96,558)

Income tax benefit

7,466

21,113

97,753

22,947

Net (loss) income

(173,248)

70,557

(106,823)

26,514

Discontinued Operations

Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations

(56)

(466)

Less: Net income attributable to redeemable noncontrolling interests from discontinued operations

$ 0

$ 3,029

$ 0

$ 4,153

[1]	See Note 15. Related Party Transactions, for further information on related party revenues and expenses.

MSGE Balance Sheet

2023-12-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands

Dec. 31, 2023

Jun. 30, 2023

Current Assets:

Cash, cash equivalents, and restricted cash

$ 627,827

$ 429,114

Prepaid expenses and other current assets

46,810

56,085

Total current assets

878,648

623,913

Non-Current Assets:

Investments in nonconsolidated affiliates

50,906

394,519

Property and equipment, net

3,287,933

3,307,161

Right-of-use lease assets

86,599

84,912

Goodwill

456,807

Intangible assets, net

16,353

17,910

Other non-current assets

106,038

87,793

Total assets

4,883,284

4,973,015

Current Liabilities:

Accounts payable, accrued and other current liabilities

391,903

515,731

Current portion of long-term debt, net

890,110

82,500

Operating lease liabilities, current

14,727

10,127

Deferred revenue

78,381

27,337

Total current liabilities

1,398,528

692,141

Non-Current Liabilities:

Long-term debt, net

521,413

1,118,387

Operating lease liabilities, non-current

109,296

110,259

Deferred tax liabilities, net

272,447

379,552

Other non-current liabilities

116,436

88,811

Total liabilities

2,418,120

2,389,150

Commitments and contingencies (see Note 10)

Equity:

Additional paid-in capital

2,365,913

2,376,420

Retained earnings

105,213

212,036

Accumulated other comprehensive loss

(6,314)

(4,938)

Total stockholders’ equity

2,465,164

2,583,865

Total liabilities and equity

4,883,284

4,973,015

Nonrelated Party

Current Assets:

Accounts receivable, net

179,964

112,309

Related Party

Current Assets:

Accounts receivable, net

24,047

26,405

Current Liabilities:

Related party payables, current

23,407

56,446

Common Class A

Equity:

Common stock

^[1]

283

278

Common Class B

Equity:

Common stock

^[2]

$ 69

[1]	Class A Common Stock, $0.01 par value per share, 120,000 shares authorized; 28,263 and 27,812 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively.
[2]	Class B Common Stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares issued and outstanding as of December 31, 2023 and June 30, 2023.

About Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production. The company was formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.

CEO	Mr. James Lawrence Dolan
WEBSITE	msgentertainment.com
INDUSTRY	Leisure
EMPLOYEES	5820

Madison Square Garden Entertainment Corp. Class A Common Stock Frequently Asked Questions

What is the ticker symbol for Madison Square Garden Entertainment Corp. Class A Common Stock? What does MSGE stand for in stocks?

MSGE is the stock ticker symbol of Madison Square Garden Entertainment Corp. Class A Common Stock. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE)?

As of Fri Apr 19 2024, market cap of Madison Square Garden Entertainment Corp. Class A Common Stock is 1.34 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MSGE stock?

You can check MSGE's fair value in chart for subscribers.

What is the fair value of MSGE stock?

You can check MSGE's fair value in chart for subscribers. The fair value of Madison Square Garden Entertainment Corp. Class A Common Stock is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Madison Square Garden Entertainment Corp. Class A Common Stock is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MSGE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Madison Square Garden Entertainment Corp. Class A Common Stock a good stock to buy?

The fair value guage provides a quick view whether MSGE is over valued or under valued. Whether Madison Square Garden Entertainment Corp. Class A Common Stock is cheap or expensive depends on the assumptions which impact Madison Square Garden Entertainment Corp. Class A Common Stock's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MSGE.

What is Madison Square Garden Entertainment Corp. Class A Common Stock's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, MSGE's PE ratio (Price to Earnings) is 3.59 and Price to Sales (PS) ratio is 1.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MSGE PE ratio will change depending on the future growth rate expectations of investors.