MSGE - Madison Square Garden Entertainment Corp. Class A Common Stock Stock Price, Fair Value and News

37.13USD+0.08 (+0.22%)Delayed

Market Summary

USD37.13+0.08

Delayed

0.22%

MSGE Alerts

Big jump in Revenue (Y/Y)

Losses in recent quarter

MSGE Stock Price

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MSGE RSI Chart

MSGE Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

3.44

Price/Sales (Trailing)

1.49

EV/EBITDA

9.61

Price/Free Cashflow

19.18

MSGE Price/Sales (Trailing)

MSGE Profitability

EBT Margin

-11.12%

Return on Equity

15.66%

Return on Assets

7.86%

Free Cashflow Yield

5.21%

MSGE Fundamentals

MSGE Revenue

Revenue (TTM)

882.6M

Rev. Growth (Yr)

98.28%

Rev. Growth (Qtr)

2.28%

MSGE Earnings

Earnings (TTM)

382.7M

Earnings Growth (Yr)

16.9%

Earnings Growth (Qtr)

72.73%

Breaking Down MSGE Revenue

Last 7 days

-0.2%

Last 30 days

-1.8%

Last 90 days

-1.3%

Trailing 12 Months

-35.4%

How does MSGE drawdown profile look like?

MSGE Financial Health

Current Ratio

0.65

Debt/Equity

0.21

Debt/Cashflow

0.13

MSGE Investor Care

Shares Dilution (1Y)

2.35%

Diluted EPS (TTM)

11.04

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	882.6M	0	0	0
2023	584.5M	573.8M	568.7M	723.3M
2022	730.9M	610.1M	591.7M	590.5M
2021	1.2B	814.2M	785.1M	777.1M
2020	969.1M	1.4B	1.4B	1.2B
2019	1.0B	1.0B	1.0B	1.0B
2018	0	989.0M	1.0B	1.0B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Madison Square Garden Entertainment Corp. Class A Common Stock

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 09, 2023	thomas isiah iii	sold	-54,444	58.48	-931	-
Sep 22, 2022	d'ambrosio philip gerard	bought	29,532	49.22	600	svp and treasurer
Sep 15, 2022	d'ambrosio philip gerard	acquired	-	-	6,704	svp and treasurer
Sep 15, 2022	haughton jamal h	sold (taxes)	-76,864	56.27	-1,366	evp & general counsel
Sep 15, 2022	byrnes david f.	sold (taxes)	-70,956	56.27	-1,261	evp & chief financial officer
Sep 15, 2022	dolan ryan thomas	acquired	-	-	438	-
Sep 15, 2022	d'ambrosio philip gerard	sold (taxes)	-163,971	56.27	-2,914	svp and treasurer
Sep 15, 2022	greenberg andrea	acquired	-	-	36,902	president/ceo-msg networks
Sep 15, 2022	greenberg andrea	sold (taxes)	-1,011,120	56.27	-17,969	president/ceo-msg networks
Sep 15, 2022	haughton jamal h	acquired	-	-	2,677	evp & general counsel

Which funds bought or sold MSGE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-59.1	-1,529,500	2,210,510	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-20.62	-59,456	2,788,420	-%
May 16, 2024	Ancora Advisors LLC	reduced	-25.81	-307,619	3,315,010	0.07%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.34	219,971	1,532,990	-%
May 16, 2024	COMERICA BANK	reduced	-7.44	2,773	22,425	-%
May 16, 2024	Murchinson Ltd.	sold off	-100	-5,345,710	-	-%
May 16, 2024	COMERICA BANK	reduced	-13.33	394	1,938	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.29	347,359	1,253,650	-%
May 15, 2024	Voya Investment Management LLC	reduced	-16.01	76,245	432,689	-%
May 15, 2024	MARSHALL WACE, LLP	added	34.94	696,462	1,429,460	-%

Are Funds Buying or Selling MSGE?

Are funds buying MSGE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MSGE

No. of Funds

Unveiling Madison Square Garden Entertainment Corp. Class A Common Stock's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 01, 2024	dolan charles f	12.9%	4,144,470	SC 13D/A
Feb 14, 2024	price t rowe associates inc /md/	6.1%	1,717,858	SC 13G
Feb 14, 2024	ariel investments, llc	17.6%	4,982,899	SC 13G/A
Feb 14, 2024	jericho capital asset management l.p.	8.6%	2,436,214	SC 13G
Feb 13, 2024	vanguard group inc	9.88%	2,789,782	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.4%	1,534,045	SC 13G
Jan 26, 2024	blackrock inc.	7.0%	1,988,885	SC 13G/A
Aug 10, 2023	ariel investments, llc	18.3%	5,073,532	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	7.0%	1,926,339	SC 13G
Feb 14, 2023	ariel investments, llc	24.2%	6,692,520	SC 13G/A

Recent SEC filings of Madison Square Garden Entertainment Corp. Class A Common Stock

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 10, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading

Madison Square Garden Entertainment Corp. Class A Common Stock News

Latest updates

Madison Square Garden Entertainment Corp. Class A Common Stock Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.3%	321,330,000	314,157,000	118,007,000	129,099,000	162,062,000	159,541,000	123,129,000	139,749,000	168,080,000	160,753,000	141,473,000	260,597,000	214,318,000	168,752,000	170,546,000	682,081,000	181,902,000	394,072,000	177,963,000	215,197,000	239,067,000
S&GA Expenses	-	-	-	-	-	-489,000	182,433,000	164,410,000	526,481,000	-9,647,000	162,277,000	174,839,000	143,255,000	103,425,000	96,018,000	81,657,000	173,555,000	85,035,000	86,854,000	87,767,000	-	83,159,000
EBITDA Margin	153.0%	0.13	0.05	-0.02	0.00	0.04	0.04	-0.05	-0.13	-0.05	0.00	-0.10	-0.02	0.37	0.24	0.30	0.28	0.10	0.09	0.09	0.09	0.09
Interest Expenses	-	-	-	-	-	-	894,000	2,167,000	3,909,000	5,831,000	8,167,000	9,248,000	3,385,000	6,503,000	5,262,000	5,273,000	34,710,000	605,000	144,000	1,105,000	-	3,247,000
Income Taxes	-	-	-	-	-	-	2,249,000	2,507,000	-21,298,000	6,315,000	4,063,000	-18,910,000	23,192,000	6,556,000	-298,000	9,457,000	110,376,000	-10,126,000	1,255,000	185,000	-	469,000
Earnings Before Taxes	-	-	-	-	-	-	72,806,000	-41,536,000	-116,458,000	-12,991,000	9,082,000	-95,565,000	-50,280,000	-19,282,000	-60,373,000	-30,859,000	394,971,000	-170,989,000	83,899,000	-56,378,000	-	-12,147,000
EBT Margin	18.0%	-0.11	-0.14	-0.17	-0.17	-0.17	-0.17	-0.27	-0.35	-0.20	-0.20	-0.29	-0.20	0.23	0.11	0.19	0.18	-0.02	-0.02	-0.02	-0.02	-0.03
Net Income	72.7%	-47,240,000	-173,248,000	66,425,000	536,795,000	-56,850,000	67,584,000	-44,757,000	-99,942,000	-17,491,000	2,270,000	-79,232,000	-38,263,000	-18,260,000	-55,831,000	-35,797,000	126,626,000	-134,731,000	81,306,000	-55,967,000	-59,289,000	-14,869,000
Net Income Margin	-15.9%	0.43	0.52	1.08	0.88	-0.23	-0.16	-0.27	-0.32	-0.18	-0.17	-0.24	-0.18	0.01	-0.08	0.03	0.01	-0.17	-0.05	-0.04	-0.02	0.01
Free Cashflow	117.7%	101,018,000	46,403,000	-334,864,000	-224,456,000	-157,364,000	-104,075,000	-321,406,000	-205,084,000	-230,003,000	-50,007,000	-130,283,000	-76,211,500	-113,970,000	-115,270,000	-209,026,000	45,190,000	-88,037,000	1,261,000	-105,531,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q2
Assets	-0.3%	4,869	4,883	4,865	4,973	6,049	5,850	5,426	5,522	5,580	5,523	5,338	5,290	4,104	4,122	3,586	3,734	3,827	3,316
Current Assets	4.3%	916	879	674	624	1,190	916	841	1,219	1,458	1,635	1,689	1,873	1,541	1,662	1,179	1,427	1,649	1,347
Cash Equivalents	10.5%	694	628	452	429	358	554	459	846	1,021	1,282	1,355	1,540	1,602	1,735	1,180	1,121	1,003	1,318
Net PPE	-2.1%	3,220	3,288	3,471	3,307	3,690	3,509	3,226	2,158	2,707	2,475	2,285	2,156	1,916	1,837	1,740	1,660	1,541	1,349
Goodwill	0%	457	457	457	457	499	500	500	457	500	500	1.00	457	74.00	74.00	74.00	499	82.00	166
Liabilities	0.3%	2,425	2,418	2,229	2,389	3,877	3,641	3,322	3,363	3,321	3,253	3,102	2,972	1,472	1,412	785	845	988	662
Current Liabilities	0.0%	1,399	1,399	643	692	1,400	964	920	961	965	870	754	730	513	472	451	510	626	474
Long Term Debt	0.1%	522	521	1,098	1,118	1,782	1,885	1,653	930	1,584	1,607	1,621	1,651	657	649	27.00	28.00	30.00	49.00
LT Debt, Current	-2.3%	870	890	103	83.00	99.00	103	86.00	66.00	66.00	56.00	55.00	54.00	4.00	5.00	5.00	5.00	5.00	6.00
LT Debt, Non Current	-100.0%	-	521	1,098	1,118	1,782	1,885	1,653	930	1,584	1,607	1,621	1,651	657	649	27.00	28.00	30.00	49.00
Shareholder's Equity	-0.9%	2,444	2,465	2,636	2,584	2,021	2,019	1,919	1,975	2,122	2,128	2,096	2,180	2,253	2,270	2,285	2,300	2,813	2,146
Retained Earnings	-44.9%	58.00	105	278	212	-324	-267	-335	-290	-190	-173	-175	-96.34	-152	-72.77	52.00	142	-	-
Additional Paid-In Capital	1.1%	2,392	2,366	2,368	2,376	2,391	2,322	2,303	2,302	2,334	2,317	2,293	2,295	2,781	2,782	2,757	2,765	-	-
Shares Outstanding	0.3%	35.00	35.00	35.00	35.00	35.00	35.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	-	35.00	-	-
Minority Interest	-	-	-	-	-	13.00	13.00	12.00	12.00	15.00	16.00	13.00	12.00	11.00	11.00	12.00	12.00	17.00	14.00
Float	-	-	-	-	-	-	1,180	-	-	-	1,850	-	-	-	1,990	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	117.7%	101	46.00	-94.64	16.00	83.00	136	-81.18	35.00	-26.58	126	7.00	55.00	-11.65	-7.24	-95.23	174	30.00	123	-19.17	-	-
Share Based Compensation	49.5%	18.00	12.00	5.00	7.00	20.00	20.00	15.00	15.00	19.00	24.00	20.00	15.00	8.00	30.00	16.00	32.00	9.00	10.00	10.00	-	-
Cashflow From Investing	67.6%	-21.21	-65.53	66.00	172	-249	-290	-285	-256	-215	-186	-146	-145	-114	-56.00	192	83.00	-348	-63.00	-66.61	-	-
Cashflow From Financing	-106.6%	-12.96	195	51.00	-114	-28.69	249	-20.02	47.00	-19.88	-12.84	-44.80	3.00	-8.91	615	-16.00	-382	309	-5.60	-35.29	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73.00	-	-	-	-	-

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MSGE Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Mar. 31, 2024

Mar. 31, 2023

Revenues

$ 321,330

$ 162,062

$ 753,494

$ 444,732

Depreciation and amortization

(174,157)

(89,234)

Impairment and other losses, net

(115,738)

7,834

Restructuring charges

(4,667)

(18,670)

(9,345)

(26,745)

Other (expense) income, net

(3,256)

(4,182)

37,810

(5,952)

Loss from continuing operations

(47,240)

(113,998)

(153,416)

(187,609)

Income (loss) from discontinued operations, net of taxes

55,443

(647)

155,568

Net loss

(47,240)

(58,555)

(154,063)

(32,041)

Less: Net (loss) income attributable to redeemable noncontrolling interests from discontinued operations

(1,492)

2,661

Net loss attributable to Sphere Entertainment Co.’s stockholders

$ (47,240)

$ (56,847)

$ (154,063)

$ (34,020)

Basic loss per common share

Continuing operations (in dollars per share)

$ (1.33)

$ (3.28)

$ (4.36)

$ (5.42)

Discontinued operations (in dollars per share)

1.65

(0.02)

4.44

Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)

(1.33)

(1.64)

(4.38)

(0.98)

Diluted loss per common share

Continuing operations (in dollars per share)

(1.33)

(3.28)

(4.36)

(5.42)

Discontinued operations (in dollars per share)

1.65

(0.02)

4.44

Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)

$ (1.33)

$ (1.64)

$ (4.38)

$ (0.98)

Weighted-average number of common shares outstanding:

Basic (in shares)

35,418

34,727

35,212

34,604

Diluted (in shares)

35,418

34,727

35,212

34,604

Continuing Operations

Revenues

^[1]

$ 321,330

$ 162,062

$ 753,494

$ 444,732

Direct operating expenses

^[1]

(154,040)

(93,665)

(398,305)

(259,485)

Selling, general and administrative expenses

^[1]

(123,149)

(143,433)

(325,813)

(342,479)

Depreciation and amortization

(79,867)

(8,200)

(174,157)

(21,719)

Impairment and other losses, net

(115,738)

3,000

Restructuring charges

(4,667)

(18,670)

(9,345)

(26,745)

Operating loss

(40,393)

(101,906)

(269,864)

(202,696)

Interest income

7,654

3,374

17,958

9,376

Interest expense

(27,119)

(52,947)

Other (expense) income, net

(3,256)

(4,182)

37,810

(5,952)

Loss from continuing operations before income taxes

(63,114)

(102,714)

(267,043)

(199,272)

Income tax benefit (expense)

15,874

(11,284)

113,627

11,663

Net loss

(47,240)

(58,555)

(154,063)

(32,041)

Discontinued Operations

Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations

(216)

(682)

Less: Net (loss) income attributable to redeemable noncontrolling interests from discontinued operations

$ 0

$ (1,492)

$ 0

$ 2,661

[1]	See Note 15. Related Party Transactions, for further information on related party revenues and expenses.

MSGE Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands

Mar. 31, 2024

Jun. 30, 2023

Current Assets:

Cash, cash equivalents, and restricted cash

$ 693,946

$ 429,114

Prepaid expenses and other current assets

30,216

56,085

Total current assets

916,059

623,913

Non-Current Assets:

Investments

51,849

395,606

Property and equipment, net

3,219,889

3,307,161

Right-of-use lease assets

109,663

84,912

Goodwill

456,807

Intangible assets, net

15,574

17,910

Other non-current assets

98,971

86,706

Total assets

4,868,812

4,973,015

Current Liabilities:

Accounts payable, accrued and other current liabilities

423,113

515,731

Current portion of long-term debt, net

869,776

82,500

Operating lease liabilities, current

17,748

10,127

Deferred revenue

76,712

27,337

Total current liabilities

1,398,612

692,141

Non-Current Liabilities:

Long-term debt, net

522,057

1,118,387

Operating lease liabilities, non-current

130,419

110,259

Deferred tax liabilities, net

254,995

379,552

Other non-current liabilities

119,130

88,811

Total liabilities

2,425,213

2,389,150

Commitments and contingencies (see Note 10)

Equity:

Additional paid-in capital

2,392,247

2,376,420

Retained earnings

57,973

212,036

Accumulated other comprehensive loss

(6,974)

(4,938)

Total stockholders’ equity

2,443,599

2,583,865

Total liabilities and equity

4,868,812

4,973,015

Nonrelated Party

Current Assets:

Accounts receivable, net

178,702

112,309

Related Party

Current Assets:

Accounts receivable, net

13,195

26,405

Current Liabilities:

Related party payables, current

11,263

56,446

Common Class A

Equity:

Common stock

^[1]

284

278

Common Class B

Equity:

Common stock

^[2]

$ 69

[1]	Class A Common Stock, $0.01 par value per share, 120,000 shares authorized; 28,461 and 27,812 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively.
[2]	Class B Common Stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares issued and outstanding as of March 31, 2024 and June 30, 2023.

About Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production. The company was formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.

CEO	Mr. James Lawrence Dolan
WEBSITE	msgentertainment.com
INDUSTRY	Leisure
EMPLOYEES	5820

Madison Square Garden Entertainment Corp. Class A Common Stock Frequently Asked Questions

What is the ticker symbol for Madison Square Garden Entertainment Corp. Class A Common Stock? What does MSGE stand for in stocks?

MSGE is the stock ticker symbol of Madison Square Garden Entertainment Corp. Class A Common Stock. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE)?

As of Fri May 17 2024, market cap of Madison Square Garden Entertainment Corp. Class A Common Stock is 1.32 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MSGE stock?

You can check MSGE's fair value in chart for subscribers.

What is the fair value of MSGE stock?

You can check MSGE's fair value in chart for subscribers. The fair value of Madison Square Garden Entertainment Corp. Class A Common Stock is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Madison Square Garden Entertainment Corp. Class A Common Stock is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MSGE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Madison Square Garden Entertainment Corp. Class A Common Stock a good stock to buy?

The fair value guage provides a quick view whether MSGE is over valued or under valued. Whether Madison Square Garden Entertainment Corp. Class A Common Stock is cheap or expensive depends on the assumptions which impact Madison Square Garden Entertainment Corp. Class A Common Stock's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MSGE.

What is Madison Square Garden Entertainment Corp. Class A Common Stock's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MSGE's PE ratio (Price to Earnings) is 3.44 and Price to Sales (PS) ratio is 1.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MSGE PE ratio will change depending on the future growth rate expectations of investors.