MSGE Stock Analysis: Madison Square Garden | NYSE
Entertainment | NYSE, USA | Market Cap: 3.512m USD | 12M Return: 85.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 43.2M
EPS Trend: 12.6%
Qual. Beats: 0
Rev. Trend: 90.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 3.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Madison Square Garden Entertainment Corp. (MSGE) operates a live entertainment business, producing, presenting, and hosting concerts, sporting events, family shows, performing arts, and special events. The company is unusual within the Movies & Entertainment sub-industry in that its core assets are physical venues rather than filmed content, generating revenue primarily through ticket sales, suite and premium seating, concessions, sponsorships, and venue rentals rather than distribution royalties or box office receipts.
MSGE holds a portfolio of iconic venues, including Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. These venues are concentrated in major U.S. media markets, which supports strong pricing power on tickets and sponsorships. In addition to running these facilities, the company owns and produces the Christmas Spectacular Starring the Radio City Rockettes, a long-running seasonal production that contributes a meaningful share of annual revenue and is typically associated with very high operating margins during the holiday period.
The company also operates an entertainment and sports bookings business that books concerts, family shows, special events, and sporting events across its venue portfolio and through third-party arrangements. Originally incorporated in 2022 as MSGE Spinco, Inc. following its spin-off from its prior parent, Madison Square Garden Entertainment Corp. is headquartered in New York, New York, and trades on the NYSE as a mid-cap stock in the Communication Services sector.
- Live event bookings and concert revenue recovery at MSG venues
- Christmas Spectacular ticket sales drive holiday quarter performance
- Sphere Entertainment spin-off refocuses capital allocation on core venue portfolio
| Net Income: -30.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.86 > 1.0 |
| NWC/Revenue: 15.80% < 20% (prev -23.60%; Δ 39.39% < -1%) |
| CFO/TA 0.08 > 3% & CFO 341.0m > Net Income -30.5m |
| Net Debt (-8.50m) to EBITDA (140.6m): -0.06 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.9m) vs 12m ago -25.67% < -2% |
| Gross Margin: 45.55% > 18% (prev 45.19%; Δ 0.36% > 0.5%) |
| Asset Turnover: 34.17% > 50% (prev 56.03%; Δ -21.87% > 0%) |
| Interest Coverage Ratio: 2.03 > 6 (EBIT TTM 83.3m / Interest Expense TTM 41.0m) |
| A: 0.04 (Total Current Assets 903.6m - Total Current Liabilities 742.7m) / Total Assets 4.22b |
| B: -0.04 (Retained Earnings -182.0m / Total Assets 4.22b) |
| C: 0.03 (EBIT TTM 83.3m / Avg Total Assets 2.98b) |
| D: 1.14 (Book Value of Equity 2.25b / Total Liabilities 1.97b) |
| Altman-Z'' = 1.49 = BB |
| DSRI: 1.54 (Receivables 201.8m/125.2m, Revenue 1.02b/974.7m) |
| GMI: 0.99 (GM 45.19% / 45.55%) |
| AQI: 0.79 (AQ_t 0.14 / AQ_t-1 0.18) |
| SGI: 1.05 (Revenue 1.02b / 974.7m) |
| TATA: -0.09 (NI -30.5m - CFO 341.0m) / TA 4.22b) |
| Beneish M = -2.69 (Cap -4..+1) = A |
As of July 14, 2026, the stock is trading at USD 74.99 with a total of 274,865 shares traded. Over the past week, the price has changed by -1.16%, over one month by +0.56%, over three months by +23.36% and over the past year by +85.25%.
Current recommended Stop Loss: 71.70 (which is 4.4% or 1.3 ATR below the current price).
Madison Square Garden has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy MSGE.
- StrongBuy: 6
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 79.6 | 6.1% |
P/E Trailing = 72.0777
P/E Forward = 26.3852
P/S = 3.4478
P/B = 73.1578
Revenue TTM = 1.02b USD
EBIT TTM = 83.3m USD
EBITDA TTM = 140.6m USD
Long Term Debt = 547.5m USD (from longTermDebt, last quarter)
Short Term Debt = 74.2m USD (from shortTermDebt, last quarter)
Debt = 621.7m USD (corrected: LT Debt 547.5m + ST Debt 74.2m) (leases 609.3m already included)
Net Debt = -8.50m USD (calculated: Debt 621.7m - CCE 630.2m)
Enterprise Value = 3.50b USD (3.51b + Debt 621.7m - CCE 630.2m)
Interest Coverage Ratio = 2.03 (Ebit TTM 83.3m / Interest Expense TTM 41.0m)
EV/FCF = 10.71x (Enterprise Value 3.50b / FCF TTM 327.0m)
FCF Yield = 9.33% (FCF TTM 327.0m / Enterprise Value 3.50b)
FCF Margin = 32.10% (FCF TTM 327.0m / Revenue TTM 1.02b)
Net Margin = -3.00% (Net Income TTM -30.5m / Revenue TTM 1.02b)
Gross Margin = 45.55% ((Revenue TTM 1.02b - Cost of Revenue TTM 554.7m) / Revenue TTM)
Gross Margin QoQ = 40.39% (prev 50.72%)
Tobins Q-Ratio = 0.83 (Enterprise Value 3.50b / Total Assets 4.22b)
Interest Expense / Debt = 6.59% (Interest Expense 41.0m / Debt 621.7m)
Taxrate = 37.87% (3.12m / 8.22m)
NOPAT = 51.8m (EBIT 83.3m * (1 - 37.87%))
Current Ratio = 1.22 (Total Current Assets 903.6m / Total Current Liabilities 742.7m)
Debt / Equity = 0.28 (Debt 621.7m / totalStockholderEquity, last quarter 2.25b)
Debt / EBITDA = -0.06 (Net Debt -8.50m / EBITDA 140.6m)
Debt / FCF = -0.03 (Net Debt -8.50m / FCF TTM 327.0m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.02% (Net Income -30.5m / Total Assets 4.22b)
RoE = -2.70% (Net Income TTM -30.5m / Total Stockholder Equity 1.13b)
RoCE = 4.96% (EBIT 83.3m / Capital Employed (Equity 1.13b + L.T.Debt 547.5m))
RoIC = 1.48% (NOPAT 51.8m / Invested Capital 3.50b)
WACC = 8.17% (E(3.51b)/V(4.13b) * Re(8.89%) + D(621.7m)/V(4.13b) * Rd(6.59%) * (1-Tc(0.38)))
Discount Rate = 8.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.50 | Cagr: -12.13%
[DCF] Terminal Value 77.97% ; FCFF base≈244.1m ; Y1≈279.9m ; Y5≈411.9m
[DCF] Fair Price = 153.5 (EV 6.20b - Net Debt -8.50m = Equity 6.21b / Shares 40.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 12.65 | EPS CAGR: 9.60% | SUE: 0.07 | # QB: 0
Revenue Correlation: 90.79 | Revenue CAGR: 6.17% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.28 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-06-30): EPS=1.12 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+0.0% | GrowthRev=+9.4%
EPS next Year (2027-06-30): EPS=2.52 | Chg30d=-0.20% | Revisions=-25% | GrowthEPS=+125.4% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: -29% (up=1, down=3)