Added to YB: 2024-09-16
Pitch date: 2024-09-13
MSGS [bullish]
Madison Square Garden Sports Corp.
+97.7%
current return
Author Info
Company Info
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. It owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League.
Market Cap
$9.4B
Pitch Price
$204.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
87.51
P/E
1.2K
EV/Sales
8.99
Sector
Entertainment
Category
value
Madison Square Garden Sports Corp: Undervalued Trophy Assets in a Hot Market
MSGS: Owns Knicks & Rangers, valued at $9.25B by Forbes vs $5B EV. Dolan family control causes discount. Catalysts: NBA media rights deal ($7-8B/yr), potential minority stake sales, team separation. Trophy assets at discount, awaiting shareholder-friendly actions to unlock value.
Read full article (4 min)