MSGS

Madison Square Garden Sports Corp.

$400.00

+0.98% 2026-10-19

Communication ServicesS&P 600

1M 3M 6M 1Y 2Y

MSGSSPY

-0.8%

+0.3%

+0.5%

+19.5%

YTD

+54.6%

+82.7%

Grades vs sector

Momentum

96th pct in sector

A+

12-1 return: +89.0%
Percentile within its GICS sector across the S&P 1500.

Growth

88th pct in sector

A-

Revenue growth (YoY): +36.7%
Percentile within its GICS sector across the S&P 1500.

Value

2nd pct in sector

Forward E/P: – · EBITDA/EV: 0.3%
Percentile within its GICS sector across the S&P 1500.

Profitability

23rd pct in sector

Profit margin: +0.7% · Return on equity: –
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Held by 1 of 3 live models: Momentum Blend.

Momentum Blend

4.7% of the book · Core sleeve

Held Momentum Top 15

not ranked (outside this model's universe or screens)

Quality Growth

not ranked (outside this model's universe or screens)

Why it's in Momentum Blend

In the Core sleeve: one of the steadiest 12-month uptrends in its universe (the model's smooth-trend momentum score).

What would knock it out: Re-checked at each monthly rebalance (next Oct 30); leaves if it no longer makes the Core selection. The latest preview keeps it.

Key stats

Market cap$9.6B

P/E (trailing)1,250.0

P/E (forward)-878.9

52-week range207.90 – 438.93

Revenue growth (YoY, latest qtr)+36.7%

Dividend yield0.00%

Analyst consensusBuy (6)

Mean price target$480.67 (+20%)

Valuation & fundamentals

Bottom line

Roughly fairly valued

Model read-out from the numbers below, not advice. Score +0 (DCF counts double).

▼DCF (base case)below the price by 53%

▲Piotroski F-score7/9

▲Altman Z3.7 (safe)

▲Net debt / EBITDA-7.2x

▲Analyst target+20% (6 analysts)

Discounted cash flow

Bear

$91

-77%

growth 14% · disc. 8.2% · term. 2.0%

Base

$187

-53%

growth 23% · disc. 7.2% · term. 2.5%

Bull

$370

-8%

growth 29% · disc. 6.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 28% a year for 10 years.

Implied

+28%/yr

FCF, last 3 yrs

-26%/yr

FCF, last 5 yrs

n/a

Revenue, last 3 yrs

+9%/yr

Revenue, last 5 yrs

+23%/yr

Same inputs as the DCF above: trailing free cash flow 0.1B, 7.2% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (FY to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.59 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Communication Services

P/E (trailing)

sector median 18.8× · 100th pct

1,250.0×
pricier

Forward P/E

sector median 11.0×

–

EV / EBITDA

sector median 12.2× · 98th pct

293.3×
pricier

Price / sales

sector median 1.9× · 85th pct

8.3×
pricier

Price / book

sector median 2.3×

–

FCF yield

sector median 8.2% · 7th pct

0.6%
pricier

Forward EPS $-0.46 vs trailing $0.32 (-242% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$573.3M

as of 2026-06-30

vs a year ago

+32%

YoY

× TTM revenue

0.50×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

–

Operating margin

2.5%

FCF margin

5.3%

Net margin

0.7%

Return on equity

–

Return on invested capital

–

Net debt / EBITDA

-7.2×

Current ratio

0.5×

Interest cover

1.4×

Cash conversion (OCF/NI)

8.1×

Piotroski F-score 7/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 3.7 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$481

+20%

Analysts

Buy

Range

$415–$584

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2026	$1.2B	$7.8M	$61.3M
2025	$1.0B	$-22.4M	$88.0M
2024	$1.0B	$58.8M	$90.7M
2023	$887.4M	$47.8M	$151.3M
2022	$821.4M	$51.1M	$177.1M
2021	$415.7M	$-14.0M	$-35.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +9.1%.

Earnings

Next report: 2026-10-30 · before open · EPS est -1.15

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-13	0.63	1.16	+84.1%
2026-05-08	0.52	-0.78	-248.9%
2026-02-05	0.46	0.34	-26.5%
2025-10-31	-0.92	-0.37	+59.7%
2025-08-12	-0.34	-0.07	+79.4%
2025-05-02	1.30	-0.59	-145.5%
2025-02-04	0.32	0.05	-84.4%
2024-11-01	-0.89	-0.31	+65.2%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$278.7M	+36.7%
2026-03-31	$432.2M	–
2025-12-31	$403.4M	–
2025-09-30	$39.5M	–
2025-06-30	$204.0M	–

Analyst actions

JP Morgan

2026-08-14 · main

Overweight → Overweight
PT $485

Susquehanna

2026-08-14 · main

Positive → Positive
PT $477

Guggenheim

2026-08-14 · main

Buy → Buy
PT $584

Guggenheim

2026-07-23 · main

Buy → Buy
PT $522

JP Morgan

2026-07-21 · main

Overweight → Overweight
PT $450

Susquehanna

2026-06-23 · main

Positive → Positive
PT $430

Recent dividends

2022-10-14: $7.000

Insider trades

Warner Bryan

SVP, Head of Legal · 2026-09-16

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News

Yelophant Named Official Partner of the New York Knicks

Business Wire · 14h ago

How Knicks Retail Deal Will Impact DICK'S Sporting Goods Stock

Simply Wall St. · Oct 16

DICK'S Sporting Goods (DKS) Lands Multi Year Knicks Footwear Retail Deal

Simply Wall St. · Oct 15

Can the New York Knicks Help Foot Locker’s Turnaround Efforts?

Footwear News · Oct 14

More Breakups Are Coming, and One Company Is Doing It Twice

24/7 Wall St. · Oct 06

MSG Sports spinning off Rangers from Knicks into two companies

Quartz · Oct 01

MSG Sports Board Approves Spin-Off of Rangers From Knicks

The Wall Street Journal · Sep 30

Stats refreshed 2026-10-19 17:47:07 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Coteau Systematic StrategiesSystematic equity research and model portfolios.
Coteau Systematic Strategies publishes research, model portfolios and tools. It does not manage money or offer investment advice. Model results are hypothetical. Data: Yahoo Finance (delayed), SEC EDGAR.

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