(BATRK) Atlanta Braves Holdings - Overview
Sector: Communication Services | Industry: Entertainment | Exchange: NASDAQ (USA) | Market Cap: 3.175m USD | Total Return: 23.6% in 12m
Avg Turnover: 16.6M
Qual. Beats: 1
Rev. Trend: 96.2%
Qual. Beats: 0
Warnings
High Debt/EBITDA (7.5) with thin interest coverage (0.4)
Interest Coverage Ratio 0.4 is critical
Altman Z'' -2.80 < 1.0 - financial distress zone
Tailwinds
Supp Ema20
Atlanta Braves Holdings, Inc. (BATRK) operates as a pure-play professional sports entity, primarily through its ownership of the Atlanta Braves Major League Baseball franchise. The company’s business model is bifurcated into baseball operations and a significant real estate component centered on the mixed-use development known as The Battery Atlanta. This integrated approach allows the firm to capture year-round revenue from retail, office, and hospitality tenants, diversifying income beyond the seasonal nature of the MLB schedule.
The company functions within the broader entertainment sector, where asset value is heavily influenced by regional sports network (RSN) contracts and central league distributions. Unlike traditional corporations, sports holdings often trade based on the private market valuation of the franchise and the underlying real estate assets rather than standard price-to-earnings multiples. Investors looking for a deeper breakdown of these asset-heavy valuations should consult ValueRay for further analysis. Atlanta Braves Holdings remains unique as one of the few opportunities for public market participation in a single-team professional sports asset.
- Postseason performance and ticket sales drive fluctuating high-margin game day revenue
- The Battery Atlanta occupancy rates and rental income stabilize year-round cash flows
- Regional sports network instability and broadcasting rights negotiations impact media distribution income
- Player salary inflation and luxury tax thresholds pressure baseball operations profit margins
- Interest rate fluctuations affect debt servicing costs for mixed-use real estate expansion
| Net Income: -22.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 7.99 > 1.0 |
| NWC/Revenue: -35.16% < 20% (prev -13.75%; Δ -21.41% < -1%) |
| CFO/TA 0.17 > 3% & CFO 286.5m > Net Income -22.5m |
| Net Debt (740.0m) to EBITDA (99.3m): 7.45 < 3 |
| Current Ratio: 0.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.8m) vs 12m ago 1.95% < -2% |
| Gross Margin: 20.70% > 18% (prev 0.21%; Δ 2.05k% > 0.5%) |
| Asset Turnover: 44.96% > 50% (prev 40.02%; Δ 4.94% > 0%) |
| Interest Coverage Ratio: 0.42 > 6 (EBITDA TTM 99.3m / Interest Expense TTM 47.3m) |
| A: -0.16 (Total Current Assets 224.6m - Total Current Liabilities 490.9m) / Total Assets 1.69b |
| B: -0.38 (Retained Earnings -649.5m / Total Assets 1.69b) |
| C: 0.01 (EBIT TTM 19.8m / Avg Total Assets 1.68b) |
| D: -0.56 (Book Value of Equity -651.6m / Total Liabilities 1.16b) |
| Altman-Z'' = -2.80 = D |
| DSRI: 0.96 (Receivables 29.9m/27.6m, Revenue 757.3m/672.9m) |
| GMI: 1.02 (GM 20.70% / 21.10%) |
| AQI: 1.08 (AQ_t 0.35 / AQ_t-1 0.32) |
| SGI: 1.13 (Revenue 757.3m / 672.9m) |
| TATA: -0.18 (NI -22.5m - CFO 286.5m) / TA 1.69b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 50.05 with a total of 255,442 shares traded.
Over the past week, the price has changed by -0.36%,
over one month by +0.68%,
over three months by +14.50% and
over the past year by +23.58%.
Atlanta Braves Holdings has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy BATRK.
- StrongBuy: 3
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 59.8 | 19.5% |
P/E Forward = 227.2727
P/S = 4.1928
P/B = 6.117
Revenue TTM = 757.3m USD
EBIT TTM = 19.8m USD
EBITDA TTM = 99.3m USD
Long Term Debt = 493.4m USD (from longTermDebt, last quarter)
Short Term Debt = 215.7m USD (from shortTermDebt, last quarter)
Debt = 908.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 99.9m
Net Debt = 740.0m USD (calculated: Debt 908.9m - CCE 168.9m)
Enterprise Value = 3.92b USD (3.18b + Debt 908.9m - CCE 168.9m)
Interest Coverage Ratio = 0.42 (Ebit TTM 19.8m / Interest Expense TTM 47.3m)
EV/FCF = 25.71x (Enterprise Value 3.92b / FCF TTM 152.3m)
FCF Yield = 3.89% (FCF TTM 152.3m / Enterprise Value 3.92b)
FCF Margin = 20.11% (FCF TTM 152.3m / Revenue TTM 757.3m)
Net Margin = -2.97% (Net Income TTM -22.5m / Revenue TTM 757.3m)
Gross Margin = 20.70% ((Revenue TTM 757.3m - Cost of Revenue TTM 600.6m) / Revenue TTM)
Gross Margin QoQ = -8.32% (prev 20.09%)
Tobins Q-Ratio = 2.32 (Enterprise Value 3.92b / Total Assets 1.69b)
Interest Expense / Debt = 5.20% (Interest Expense 47.3m / Debt 908.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 15.6m (EBIT 19.8m * (1 - 21.00%))
Current Ratio = 0.46 (Total Current Assets 224.6m / Total Current Liabilities 490.9m)
Debt / Equity = 1.75 (Debt 908.9m / totalStockholderEquity, last quarter 519.0m)
Debt / EBITDA = 7.45 (Net Debt 740.0m / EBITDA 99.3m)
Debt / FCF = 4.86 (Net Debt 740.0m / FCF TTM 152.3m)
Total Stockholder Equity = 532.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.33% (Net Income -22.5m / Total Assets 1.69b)
RoE = -1.90% (Net Income TTM -22.5m / Total Stockholder Equity 1.18b)
RoCE = 1.18% (EBIT 19.8m / Capital Employed (Equity 1.18b + L.T.Debt 493.4m))
RoIC = 1.26% (NOPAT 15.6m / Invested Capital 1.24b)
WACC = 7.10% (E(3.18b)/V(4.08b) * Re(7.95%) + D(908.9m)/V(4.08b) * Rd(5.20%) * (1-Tc(0.21)))
Discount Rate = 7.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.81 | Cagr: 1.36%
[DCF] Terminal Value 77.97% ; FCFF base≈98.3m ; Y1≈112.7m ; Y5≈165.9m
[DCF] Fair Price = 33.24 (EV 2.50b - Net Debt 740.0m = Equity 1.76b / Shares 52.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.00 | # QB: 1
Revenue Correlation: 96.18 | Revenue CAGR: 6.79% | SUE: 0.05 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.39 | Chg30d=-41.79% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.61 | Chg30d=-45.34% | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=0.02 | Chg30d=+133.33% | Revisions=+20% | GrowthEPS=-77.9% | GrowthRev=+7.5%
EPS next Year (2027-12-31): EPS=0.02 | Chg30d=-94.70% | Revisions=+20% | GrowthEPS=-16.7% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: -20%