Madison Square Garden Entertainment Corp. (MSGE) AI Stock Analysis

• Market Cap: $1.88B
• Dividend Yield: N/A
• Average Volume (3M): 343.99K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.99
• Revenue Growth: 5.81%
• EPS Growth: 133.05%
• Country: US
• Employees: 1,200
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Entertainment
• EPS (TTM): 0.17
• Shares Outstanding: 40,593,105
• 10 Day Avg. Volume: 250,681
• 30 Day Avg. Volume: 343,992
• PEG Ratio: 3.50
• Price to Book (P/B): 200.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.77
• Enterprise Value/Market Cap: 1.59
• Enterprise Value/Revenue: 0.79
• Enterprise Value/Gross Profit: 7.49
• Enterprise Value/Ebitda: 4.15
• 1Y Price Target: $40.50
• Price Target Upside: 2.27% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 63 Neutral
• Price Target: $40.00 ▲(1.01%Upside)

MSGE's stock score reflects a balanced view of its financial performance, technical analysis, valuation, and recent updates. Financially, the company is stable but faces challenges with high leverage. Technical indicators provide caution due to potential overbought conditions. Valuation appears fair, and recent earnings calls and corporate events add positive sentiment, indicating a cautiously optimistic outlook.

Positive Factors

Market Position

MSGE is a permanent winner with pricing power and stability in the US live entertainment market.

Revenue Performance

Revenue in F3Q25 came in 5% ahead and AOI 20% ahead of estimates, driven by Christmas Spectacular, suites, and sponsorship revenue.

Negative Factors

Concert Bookings

For the remainder of FY25, Garden concert bookings will be down in F3Q and F4Q, while bookings at theaters are pacing down in F3Q.

Event Revenue

Year-to-date, the company has grown AOI 13% year-over-year, but one-time items and event shifts have weighed on event-related revenue growth.

Madison Square Garden Entertainment Corp. Business Overview & Revenue Model

Company Description

Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was founded in 2006 and is based in New York, New York.

How the Company Makes Money

Madison Square Garden Entertainment Corp. generates revenue through multiple streams, primarily focused on live events and venue operations. Key revenue streams include ticket sales for concerts, sports, and other live events, which are facilitated through partnerships with event promoters and sports leagues. The company also earns significant income from sponsorships and advertising, leveraging its venues' high-profile nature and large audiences. Additionally, MSGE benefits from premium seating and hospitality offerings, such as suites and VIP experiences, which provide enhanced fan experiences at a premium price. Venue rentals for private events and corporate functions also contribute to the company's earnings. Furthermore, MSGE capitalizes on its brand and venue names through licensing and merchandising opportunities, adding another layer to its revenue model.

Madison Square Garden Entertainment Corp. Financial Statement Overview

Summary

Madison Square Garden Entertainment Corp. shows a mix of strengths and weaknesses in its financial performance. The income statement is strong with solid revenue growth and profitability, but the balance sheet reveals high leverage and low equity levels. Cash flow is a highlight, demonstrating robust cash generation and management.

Income Statement

Madison Square Garden Entertainment Corp. has shown a solid recovery and growth in revenues with a TTM of $970 million from $959 million in the previous year, indicating a positive growth trajectory. The gross profit margin stands at 41.25%, showcasing strong operational efficiency. Net profit margin is positive at 13.56%, reflecting profitability. However, revenue growth is moderate at 1.12%, and the company should focus on accelerating growth. EBIT and EBITDA margins of 14.62% and 19.74% respectively indicate healthy earnings before interest and taxes.

Balance Sheet

The balance sheet of MSGE reveals a challenging financial structure with a high debt-to-equity ratio due to minimal stockholders' equity, raising concerns about financial leverage and risk. Equity ratio is low at 0.55%, pointing to high liabilities relative to assets. However, the company maintains positive net income, providing a buffer. Return on Equity (ROE) is skewed due to low equity levels, suggesting the need for capital restructuring.

Cash Flow

The cash flow position is robust with an operating cash flow of $142.52 million and a free cash flow of $119.83 million in the TTM period, indicating healthy cash generation relative to net income. The free cash flow growth rate is strong, up 37.61% from the previous year, demonstrating efficient cash management. The ratio of operating cash flow to net income is favorable, suggesting good conversion of earnings to cash.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	959.26M	851.50M	653.49M	81.81M	584.60M
Gross Profit	390.43M	351.57M	233.68M	-14.42M	204.07M
EBITDA	164.12M	202.91M	-1.91M	-103.19M	359.40M
Net Income	144.30M	76.60M	-202.83M	-219.31M	171.73M
Balance Sheet
Total Assets	1.55B	1.40B	1.53B	1.70B	3.72B
Cash, Cash Equivalents and Short-Term Investments	33.26M	76.09M	58.10M	317.82M	1.24B
Total Debt	1.07B	902.92M	956.79M	735.92M	261.16M
Total Liabilities	1.58B	1.47B	1.53B	1.20B	844.77M
Stockholders Equity	-23.16M	-69.47M	-1.48M	495.90M	2.84B
Cash Flow
Free Cash Flow	87.08M	120.51M	79.55M	-158.43M	1.88M
Operating Cash Flow	111.27M	135.69M	95.35M	-148.12M	31.53M
Investing Cash Flow	-62.37M	30.30M	45.44M	-10.34M	276.39M
Financing Cash Flow	-99.69M	-144.22M	-396.29M	473.49M	-315.38M

Madison Square Garden Entertainment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSGE, the sentiment is Positive. The current price of 39.6 is above the 20-day moving average (MA) of 39.42, above the 50-day MA of 38.01, and above the 200-day MA of 36.57, indicating a bullish trend. The MACD of 0.61 indicates Positive momentum. The RSI at 59.93 is Neutral, neither overbought nor oversold. The STOCH value of 84.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MSGE.

Madison Square Garden Entertainment Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMAX	73 Outperform	$1.50B	61.04	9.00%	―	-1.98%	-1.18%
IQ	66 Neutral	$1.72B	44.39	2.21%	―	-10.05%	-85.30%
MSGE	63 Neutral	$1.88B	14.83	1222.83%	―	5.81%	133.05%
Sector *	62 Neutral	AU$2.86B	27.61	4.79%	5.15%	2.38%	-31.70%
SPHR	60 Neutral	$1.60B	―	-15.64%	―	-5.04%	-155.66%
LGF.A	47 Neutral	$1.93B	―	168.75%	―	-2.85%	75.96%
LGF.B	42 Neutral	$1.93B	―	259.47%	―	-2.85%	75.96%

Madison Square Garden Entertainment Corp. Corporate Events

Madison Square Garden Entertainment Refinances Credit Agreement

On June 27, 2025, MSG National Properties, a subsidiary of Madison Square Garden Entertainment Corp., entered into an amendment to its credit agreement, resulting in the refinancing of its term loans and revolving credit commitments. The new credit facilities, totaling $759,375,000, include financial covenants and are secured by certain assets, excluding interests in The Madison Square Garden Arena and other key properties. This strategic financial restructuring aims to optimize the company’s debt management and operational flexibility, potentially impacting its financial stability and stakeholder interests.

The most recent analyst rating on (MSGE) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Madison Square Garden Entertainment Corp. stock, see the MSGE Stock Forecast page.

Madison Square Garden Approves Redomestication to Nevada

On June 9, 2025, Madison Square Garden Entertainment Corp. held a Special Meeting where stockholders voted on a proposal to redomesticate the company from Delaware to Nevada. The proposal was approved by both Class A and Class B stockholders, with a significant majority voting in favor of the move.

The most recent analyst rating on (MSGE) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Madison Square Garden Entertainment Corp. stock, see the MSGE Stock Forecast page.