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

• Market Cap: $2.66B
• Dividend Yield: N/A
• Average Volume (3M): 45.16K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: 4.04%
• EPS Growth: 82.47%
• Country: US
• Employees: 1,450
• Sector: Communication Services
• Sector Strength: 89
• Industry: Entertainment
• EPS (TTM): -0.66
• Shares Outstanding: 10,318,162
• 10 Day Avg. Volume: 48,775
• 30 Day Avg. Volume: 45,161
• PEG Ratio: -0.27
• Price to Book (P/B): 6.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 57.61
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 0.55
• Enterprise Value/Gross Profit: -1.48
• Enterprise Value/Ebitda: -18.24
• 1Y Price Target: $60.00
• Price Target Upside: 35.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: $47.00 ▲(6.50%Upside)

Atlanta Braves Holdings Inc Class A has a strong financial foundation with impressive revenue growth and a robust balance sheet. The positive sentiment from the earnings call, highlighting strategic acquisitions and revenue growth, is a significant factor. However, ongoing profitability issues and lackluster technical indicators limit the overall score.

Positive Factors

Broadcasting Opportunities

NBC, Google, YouTube, and Fox have shown interest in acquiring the former ESPN package, which could benefit the Braves.

Financial Performance

The Braves are ranked as the #8 most expensive MLB team by Forbes, valued at $3 billion, with a larger fan area TV market and a superior payroll ROI compared to top teams like the Yankees and Dodgers.

On-field Performance

Braves Holdings Chairman & CEO Terence McGuirk and Atlanta Braves CEO Derek Schiller highlighted an improvement in current on-field performance and early expectations for a satisfactory new CBA.

Negative Factors

Player Salaries

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

Revenue 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.

Atlanta Braves Holdings Inc Class A Business Overview & Revenue Model

Company Description

Atlanta Braves Holdings, through its wholly-owned subsidiary Braves Holdings, LLC, indirectly owns the Atlanta Braves Major League Baseball club and the associated mixed-use development project, The Battery Atlanta.

How the Company Makes Money

Atlanta Braves Holdings Inc generates revenue through several key streams. The primary source of income is ticket sales for the Atlanta Braves' home games, including season tickets, individual game tickets, and premium seating options. Additionally, the company earns substantial revenue from broadcasting rights, which involve contracts with regional and national sports networks to televise games. Merchandise sales, including team apparel and memorabilia, also contribute to the company’s earnings. Concessions and parking at their home venue, Truist Park, provide additional revenue. Moreover, the company's financial performance is bolstered by sponsorship deals and partnerships with various brands that seek to associate with the Atlanta Braves' strong market presence and fan base. Revenue is further supported by hosting non-baseball events at Truist Park, such as concerts and other entertainment events, which utilize the venue's facilities.

Atlanta Braves Holdings Inc Class A Financial Statement Overview

Summary

Atlanta Braves Holdings Inc Class A shows strong revenue growth and a solid balance sheet with low leverage and high liquidity. However, profitability remains a major challenge due to ongoing net losses and negative EBIT margins. Cash flow management has improved significantly, contributing positively to financial health, yet achieving consistent profitability is crucial for future stability.

Income Statement

The income statement shows a mixed performance. There has been a substantial increase in revenue, with a TTM total revenue of $1,072,668,000 compared to $662,748,000 in the previous year, indicating strong revenue growth. However, profitability remains a concern as the TTM net profit margin is negative due to a net loss of $32,996,000. Gross profit margin is relatively healthy at 27.35%, but EBIT and EBITDA margins are negative, reflecting challenges in operational efficiency.

Balance Sheet

The balance sheet is strong with a solid equity position. The debt-to-equity ratio is low at 0.004, showing minimal leverage and a strong equity ratio of 52.96%. Return on equity is negative due to losses, which is a concern. Overall, the company maintains a robust financial position with significant cash reserves and low debt levels, enhancing stability.

Cash Flow

Cash flow statements indicate significant improvements. The TTM free cash flow is positive at $322,118,000, a considerable turnaround from the previous year's negative figures, indicating efficient cash flow management. The operating cash flow to net income ratio is positive, suggesting strong cash flow relative to net losses. However, fluctuations in cash flow from financing and investing activities pose potential risks.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
-1.64B	662.75M	640.67M	588.00M	568.00M	178.00M
	Gross Profit
-2.16B	148.84M	149.44M	382.00M	409.00M	8.00M
	EBIT
-612.66M	-39.66M	-46.44M	-5.00M	20.00M	-128.00M
	EBITDA
-108.46M	-137.56M	-20.50M	69.76M	92.18M	-59.00M
	Net Income Common Stockholders
-287.27M	-31.27M	-125.29M	-35.00M	-11.00M	-78.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
163.00M	112.60M	125.15M	151.00M	142.00M	151.00M
	Total Assets
1.48B	1.58B	1.50B	1.48B	1.64B	1.57B
	Total Debt
474.00M	720.97M	672.86M	542.00M	697.00M	670.00M
	Net Debt
311.00M	610.82M	547.71M	391.00M	555.00M	519.00M
	Total Liabilities
1.11B	987.62M	963.69M	1.18B	1.34B	1.28B
	Stockholders Equity
378.00M	524.18M	528.60M	294.00M	296.00M	291.00M
Cash Flow		Free Cash Flow
322.12M	-69.38M	-67.41M	35.00M	27.00M	-136.00M
	Operating Cash Flow
306.57M	16.63M	1.63M	53.00M	62.00M	-55.00M
	Investing Cash Flow
-239.71M	-86.31M	-69.05M	53.00M	-25.00M	-77.00M
	Financing Cash Flow
23.73M	44.56M	32.33M	-177.00M	22.00M	105.00M

Atlanta Braves Holdings Inc Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BATRA, the sentiment is Positive. The current price of 44.13 is above the 20-day moving average (MA) of 43.97, above the 50-day MA of 43.33, and above the 200-day MA of 42.79, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 65.32 is Neutral, neither overbought nor oversold. The STOCH value of 90.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
FWONK	76 Outperform	$30.90B	―	-1.22%	―	3.60%	-120.30%
FWONA	74 Outperform	$30.90B	―	-1.22%	―	3.60%	-120.30%
BATRA	64 Neutral	$2.66B	―	-4.43%	―	4.04%	82.47%
MSGE	63 Neutral	$1.79B	13.95	1222.83%	―	5.81%	133.05%
Sector *	61 Neutral	$14.78B	5.89	-4.32%	3.67%	2.75%	-30.30%
MSGS	53 Neutral	$4.59B	965.35	-20.85%	―	14.64%	-79.70%
MANU	49 Neutral	$2.90B	―	-34.14%	―	-4.57%	20.00%

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.