Analyzing Madison Square Garden Sports (MSGS) and Its Rivals

Madison Square Garden Sports (NYSE: MSGS) is one of 24 publicly-traded companies in the “Miscellaneous amusement & recreation services” industry, but how does it weigh in compared to its competitors? We will compare Madison Square Garden Sports to similar businesses based on the strength of its profitability, analyst recommendations, valuation, risk, institutional ownership, dividends and earnings.

Risk and Volatility

Madison Square Garden Sports has a beta of 1, meaning that its stock price has a similar volatility profile to the S&P 500.Comparatively, Madison Square Garden Sports’ competitors have a beta of 1.77, meaning that their average stock price is 77% more volatile than the S&P 500.

Profitability

This table compares Madison Square Garden Sports and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Madison Square Garden Sports N/A -34.95% -11.24%
Madison Square Garden Sports Competitors -260.74% -1,130.46% -47.54%

Insider and Institutional Ownership

66.1% of Madison Square Garden Sports shares are owned by institutional investors. Comparatively, 45.5% of shares of all “Miscellaneous amusement & recreation services” companies are owned by institutional investors. 21.8% of Madison Square Garden Sports shares are owned by company insiders. Comparatively, 22.2% of shares of all “Miscellaneous amusement & recreation services” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current recommendations for Madison Square Garden Sports and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Madison Square Garden Sports 0 1 6 0 2.86
Madison Square Garden Sports Competitors 145 830 1573 42 2.58

Madison Square Garden Sports presently has a consensus target price of $212.17, suggesting a potential upside of 19.69%. As a group, “Miscellaneous amusement & recreation services” companies have a potential upside of 5.11%. Given Madison Square Garden Sports’ stronger consensus rating and higher probable upside, equities analysts plainly believe Madison Square Garden Sports is more favorable than its competitors.

Earnings and Valuation

This table compares Madison Square Garden Sports and its competitors revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Madison Square Garden Sports $603.32 million -$182.39 million -36.48
Madison Square Garden Sports Competitors $3.79 billion -$344.29 million -80.69

Madison Square Garden Sports’ competitors have higher revenue, but lower earnings than Madison Square Garden Sports. Madison Square Garden Sports is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Summary

Madison Square Garden Sports beats its competitors on 9 of the 13 factors compared.

About Madison Square Garden Sports

Madison Square Garden Sports Corp. operates as a professional sports company. Its portfolio of assets include the New York Knickerbockers of the National Basketball Association (NBA), and the New York Rangers of the National Hockey League; two development league teams, including the Hartford Wolf Pack of the American Hockey League, and the Westchester Knicks of the NBA G League; Knicks Gaming, an esports franchise; and esports teams. The company also owns two professional sports team performance centers, including the Madison Square Garden Training Center in Greenburgh, New York, and the CLG Performance Center in Los Angeles, California. Madison Square Garden Sports Corp. was formerly known as The Madison Square Garden Company. The company was founded in 1879 and is based in New York, New York.

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