Professional
Added to YB: 2025-01-28
Pitch date: 2024-12-31
MSGE [bullish]
Madison Square Garden Entertainment Corp.
+93.77%
current return
Author Info
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Company Info
Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business.
Market Cap
$3.1B
Pitch Price
$35.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.01
P/E
64.84
EV/Sales
3.92
Sector
Entertainment
Category
value
Show full summary:
Ariel Appreciation Fund Portfolio Holding: Madison Square Garden Entertainment Corp.
MSGE: Strong earnings, but stock down on FY25 guidance cut due to concert cancellations & in-house sponsorship costs. Owns iconic venues (MSG, Radio City). Well-positioned for live entertainment demand. New sponsorships (Lenovo, Abu Dhabi, Verizon). Stable cash flow for deleveraging. Trading below private market value.
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