Atlanta Braves Holdings Inc Class A (BATRA) AI Stock Analysis

• Market Cap: $2.38B
• Dividend Yield: N/A
• Average Volume (3M): 64.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: 3.45%
• EPS Growth: 75.21%
• Country: US
• Employees: 1,450
• Sector: Communication Services
• Sector Strength: 79
• Industry: Entertainment
• EPS (TTM): -0.50
• Shares Outstanding: 10,318,162
• 10 Day Avg. Volume: 89,124
• 30 Day Avg. Volume: 64,790
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 4.03
• Price to Cash Flow (P/CF): 23.10
• P/FCF Ratio: 31.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $60.00
• Price Target Upside: 42.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Atlanta Braves Holdings Inc Class A shows potential with strategic partnerships and real estate acquisitions that could drive future growth. However, ongoing profitability challenges, negative P/E ratio, and historical financial instability weigh down the overall score. Positive momentum in technical indicators and a promising earnings outlook offer some optimism.

Positive Factors

Digital Streaming

FanDuel Sports Network, in partnership with the Atlanta Braves, announced details for its DTC streaming offering to make games accessible to fans throughout its entire television territory with no local blackouts.

Player Development

The Club should remain perennially well positioned for further on-field success off its universally perceived best player development program in MLB.

Retail Revenue

The Battery remains a material success with 8.7M 2024 visitors generating $130M in 2024 retail revenues with YoY growth despite the three fewer 4Q home Braves games and two fewer concerts.

Negative Factors

Earnings Impact

4Q24 results were affected by the absence of any home games vs. three in the prior year quarter, leading to a revenue fall during the period.

Player Salaries

A 4Q decline in player salaries was also due to limited offseason trade activity – especially compared to NL East peers.

Atlanta Braves Holdings Inc Class A Business Overview & Revenue Model

Company Description

Atlanta Braves Holdings Inc Class A (BATRA) is a publicly traded company primarily involved in the ownership and operation of the Atlanta Braves Major League Baseball team, along with its associated stadium and mixed-use development projects. The company operates within the sports and entertainment sectors, focusing on delivering engaging fan experiences, managing team operations, and developing real estate projects that complement its core sports business.

How the Company Makes Money

Atlanta Braves Holdings Inc generates revenue through several key streams. The primary source is the operation of the Atlanta Braves baseball team, which includes ticket sales, concessions, and merchandise sales during home games. Additionally, the company earns substantial income from broadcasting rights, where media companies pay for the rights to air Braves games. Sponsorship and advertising partnerships with various brands provide another significant revenue stream. Furthermore, the company benefits from its mixed-use real estate development, which includes retail, residential, and office spaces surrounding the Braves' stadium, generating rental income and enhancing the overall fan and visitor experience. These diversified revenue streams, coupled with strategic partnerships, contribute to the company's financial stability and growth.

Atlanta Braves Holdings Inc Class A Financial Statement Overview

Summary

Atlanta Braves Holdings Inc Class A shows revenue growth but struggles with profitability and equity issues. Transition to no debt in 2024 is promising, but historical leverage and cash flow volatility remain concerns.

Income Statement

The gross profit margin is high due to low cost of goods sold, but the consistent negative EBIT and net income margins highlight profitability challenges. Revenue shows growth from 2023 to 2024, but overall profitability remains an issue.

Balance Sheet

The company has no debt in 2024, which is a positive sign, but the absence of stockholders' equity is concerning. Prior years showed high leverage with a fluctuating equity position, which poses financial risks.

Cash Flow

Operating cash flow improved significantly from 2023 to 2024, indicating better cash generation. Free cash flow is positive in 2024, but the historical volatility in cash flows, especially in investing activities, suggests potential instability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
662.75M	640.67M	588.00M	568.00M	178.00M
	Gross Profit
662.75M	149.44M	382.00M	409.00M	8.00M
	EBIT
-39.66M	-46.44M	-5.00M	20.00M	-128.00M
	EBITDA
-11.90M	-20.50M	69.76M	92.18M	-59.00M
	Net Income Common Stockholders
-40.61M	-125.29M	-35.00M	-11.00M	-78.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
110.14M	125.15M	151.00M	142.00M	151.00M
	Total Assets
1.52B	1.50B	1.48B	1.64B	1.57B
	Total Debt
720.97M	672.86M	542.00M	697.00M	670.00M
	Net Debt
610.82M	547.71M	391.00M	555.00M	519.00M
	Total Liabilities
987.62M	963.69M	1.18B	1.34B	1.28B
	Stockholders Equity
524.18M	528.60M	294.00M	296.00M	291.00M
Cash Flow		Free Cash Flow
16.63M	-67.41M	35.00M	27.00M	-136.00M
	Operating Cash Flow
16.63M	1.63M	53.00M	62.00M	-55.00M
	Investing Cash Flow
-86.31M	-69.05M	53.00M	-25.00M	-77.00M
	Financing Cash Flow
44.56M	32.33M	-177.00M	15.41M	105.00M

Atlanta Braves Holdings Inc Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BATRA, the sentiment is Negative. The current price of 42.13 is below the 20-day moving average (MA) of 42.89, below the 50-day MA of 43.23, and below the 200-day MA of 42.91, indicating a bearish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 55.01 is Neutral, neither overbought nor oversold. The STOCH value of 69.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BATRA.

Atlanta Braves Holdings Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSGE	63 Neutral	$1.45B	11.55	1222.83%	―	7.44%	71.46%
FWONK	61 Neutral	$25.10B	―	-0.43%	―	12.23%	-110.37%
FWONA	60 Neutral	$25.10B	―	-0.43%	―	12.23%	-110.37%
Sector *	58 Neutral	$26.33B	3.17	-10.68%	4.33%	2.16%	-43.07%
MSGS	55 Neutral	$4.57B	80.73	-20.85%	―	21.45%	47.50%
BATRA	53 Neutral	$2.38B	―	-5.94%	―	3.45%	75.21%
MANU	46 Neutral	$2.34B	―	-92.34%	―	-11.35%	-837.48%

Atlanta Braves Holdings Inc Class A Corporate Events

Atlanta Braves Holdings Expands with Pennant Park Acquisition

On April 1, 2025, Atlanta Braves Holdings, Inc., through its subsidiary Braves Development Company, acquired the Pennant Park office complex in Atlanta, Georgia, for approximately $93 million from Rubenstein Partners. This acquisition, which includes 763,465 square feet of office space and over 2,700 parking spaces, is strategically positioned to enhance the company’s real estate portfolio and expand its footprint adjacent to The Battery Atlanta. The property, with over 80% occupancy and notable tenants like The Home Depot, is expected to provide immediate value to the company and its stakeholders by increasing enterprise value and offering expanded amenities to the community.

Atlanta Braves Holdings Schedules Earnings Call for 2024

On January 28, 2025, Atlanta Braves Holdings, Inc. announced plans to hold a conference call on February 26, 2025, to discuss the fourth quarter and year-end 2024 results. The call will address the company’s financial performance and future outlook, potentially impacting investors and stakeholders by providing insights into the company’s operational and strategic direction.