Financials Madison Square Garden Sports Corp.

Equities

MSGS

US55825T1034

Entertainment Production

Market Closed - Nyse Other stock markets 04:00:02 2024-09-13 pm EDT			5-day change	1st Jan Change
204.78 ^USD	+0.85%		+1.21%	+12.62%

Aug. 30	Hall of Fame Resort & Entertainment Company Announces Board and Committee Changes	CI
Aug. 13	Tranche Update on Madison Square Garden Sports Corp.'s Equity Buyback Plan announced on November 5, 2015.	CI

Projected Income Statement: Madison Square Garden Sports Corp.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	603.3	415.7	821.4	887.4	1,027	957	1,045	1,089
Change	-	-31.09%	97.57%	8.05%	15.74%	-6.83%	9.24%	4.17%
EBITDA ¹	-76.16	-72.87	91.12	88.75	149.2	92.36	126.7	132.8
Change	-	-4.32%	-	-2.6%	68.11%	-38.1%	37.16%	4.85%
EBIT ¹	-27.5	-78.44	86.08	85.17	146	85.18	116.8	129.6
Change	-	185.25%	-	-1.05%	71.46%	-41.67%	37.11%	11.01%
Interest Paid ¹	-	-10.56	-11.74	-22.88	-24.8	-22.93	-21.1	-
Earnings before Tax (EBT) ¹	-98.05	-89.32	73.93	89.92	105.7	75.33	106.4	96.16
Change	-	-8.9%	-	21.63%	17.51%	-28.71%	41.21%	-9.6%
Net income ¹	-182.4	-13.95	51.13	47.79	58.77	37.22	52.63	72.12
Change	-	-92.35%	-	-6.53%	22.97%	-36.67%	41.4%	37.02%
Announcement Date	8/14/20	8/19/21	8/18/22	8/17/23	8/13/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	214.8	628.8	424	-6.96	57.04	28.77	183	146.9	18.79	289.6	337.8	175.2	24.09	353.7	382.7	126.9	43.05	326.9	430	227.3	43.74	344.9	440.2	133.9	44.08	392.8	459.5	129.9
Change	-	192.76%	-32.58%	-	-	-49.56%	536.09%	-19.73%	-87.21%	1,440.82%	16.64%	-48.13%	-86.25%	1,368.28%	8.21%	-66.84%	-66.08%	659.42%	31.53%	-47.15%	-80.75%	688.56%	27.62%	-69.58%	-67.08%	791.18%	16.98%	-71.73%
EBITDA ¹	-58	110.2	-3.326	-42.72	-24.1	-36.8	9.697	-20.02	-33.51	37.13	62.6	24.9	-34.87	52.36	82.59	-11.32	-14.03	29.61	80.53	53.1	-13.86	33.74	87.58	-12.51	-18.8	44.72	94.93	-13.42
Change	-	-	-	1,184.28%	-43.58%	52.69%	-	-	67.37%	-	68.58%	-60.22%	-	-	57.75%	-	23.91%	-	172%	-34.07%	-	-	159.6%	-	-50.25%	-	112.26%	-
EBIT ¹	-89.32	80.84	-32.99	-33.6	-25.76	-38.41	8.124	-20.76	-34.94	35.92	61.39	23.71	-35.9	51.52	81.75	-12.2	-14.82	28.82	79.74	52.3	-15.81	31.49	84.83	-13.74	-19.61	43.92	94.13	-14.22
Change	-	-	-	1.84%	-23.33%	49.09%	-	-	68.32%	-	70.92%	-61.39%	-	-	58.68%	-	21.54%	-	176.72%	-34.41%	-	-	169.41%	-	-42.75%	-	114.33%	-
Charge d'intérêts ¹	-1.841	-1.715	-1.881	-2.221	-1.989	-2.487	-2.939	-3.146	-3.103	-3.585	-2.47	-2.577	-3.312	-6.079	-7.004	-6.489	-6.476	-7.419	-6.921	-5.082	-6.033	-5.667	-5.6	-5.967	-	-	-	-
Earnings before Tax (EBT) ¹	-80.24	93.52	-152	-47.25	-29.51	-40.96	5.148	-23.99	-38.05	32.31	58.91	20.76	-39.02	46.39	94.78	-12.22	-33.96	25.01	71.9	42.73	-24.38	25.91	75.72	-20.24	-26.06	37.14	88.13	-19.62
Change	-	-	-	-68.91%	-37.54%	38.8%	-	-	58.62%	-	82.32%	-64.76%	-	-	104.3%	-	177.83%	-	187.49%	-40.57%	-	-	192.24%	-	-28.72%	-	137.32%	-
Net income ¹	-79.98	94.14	-118	-78.52	-28.42	-40.62	5.468	49.62	-16.4	15.84	24.5	27.19	-17.82	22.49	52.38	-9.257	-18.82	14.22	37.88	25.49	-18.77	17.64	55.98	-17.01	-19.54	27.85	66.1	-14.71
Change	-	-	-	-33.47%	-63.81%	42.96%	-	807.46%	-	-	54.64%	10.96%	-	-	132.89%	-	103.32%	-	166.29%	-32.7%	-	-	217.39%	-	-14.91%	-	137.32%	-
Announcement Date	11/8/19	2/7/20	5/11/20	8/14/20	11/9/20	2/3/21	5/5/21	8/19/21	11/9/21	2/3/22	5/5/22	8/18/22	10/27/22	2/7/23	5/4/23	8/17/23	11/2/23	2/6/24	5/2/24	8/13/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Madison Square Garden Sports Corp.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	272	320	159	285	216	146	65.9	-72.8
Change	-	17.65%	-50.31%	79.25%	-24.21%	-32.36%	-54.86%	-210.47%
Announcement Date	8/14/20	8/19/21	8/18/22	8/17/23	8/13/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Madison Square Garden Sports Corp.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	363.5	0.466	2.932	1.181	1.451	1.5	1.5	-
Change	-	-99.87%	529.18%	-59.72%	22.86%	3.38%	0%	-100%
Free Cash Flow (FCF) ¹	-359.9	-35.79	175.1	151.3	90.68	64.67	79.33	83
Change	-	-90.06%	-589.28%	-13.61%	-40.06%	-28.69%	22.68%	4.62%
Announcement Date	8/14/20	8/19/21	8/18/22	8/17/23	8/13/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Madison Square Garden Sports Corp.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-12.62%	-17.53%	11.09%	10%	14.53%	9.65%	12.12%	12.2%
EBIT Margin (%)	-4.56%	-18.87%	10.48%	9.6%	14.22%	8.9%	11.17%	11.9%
EBT Margin (%)	-16.25%	-21.49%	9%	10.13%	10.29%	7.87%	10.18%	8.83%
Net margin (%)	-30.23%	-3.36%	6.23%	5.39%	5.72%	3.89%	5.03%	6.62%
FCF margin (%)	-59.65%	-8.61%	21.32%	17.05%	8.83%	6.76%	7.59%	7.62%
FCF / Net Income (%)	197.33%	256.5%	342.5%	316.56%	154.29%	173.74%	150.74%	115.09%
Profitability
ROA	-	-1.08%	3.92%	3.65%	4.42%	5.94%	6.59%	-
ROE	-	-	-	-	-	-	-	305.44%
Financial Health
Leverage (Debt/EBITDA)	-3.57x	-4.39x	1.74x	3.21x	1.45x	1.58x	0.52x	-
Debt / Free cash flow	-0.76x	-8.94x	0.91x	1.88x	2.38x	2.26x	0.83x	-
Capital Intensity
CAPEX / Current Assets (%)	60.25%	0.11%	0.36%	0.13%	0.14%	0.16%	0.14%	-
CAPEX / EBITDA (%)	-477.26%	-0.64%	3.22%	1.33%	0.97%	1.62%	1.18%	-
CAPEX / FCF (%)	-100.99%	-1.3%	1.67%	0.78%	1.6%	2.32%	1.89%	-
Items per share
Cash flow per share ¹	-	-2.182	4.281	6.302	-	2.036	2.614	3.131
Change	-	-	-296.23%	47.21%	-	-	28.35%	19.79%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-8.626	-8.47	-6.071	-17.42	-11.12	-7.498	-3.099	1.704
Change	-	-1.81%	-28.32%	186.85%	-36.16%	-32.56%	-58.67%	-155%
EPS ¹	-7.62	-0.58	2.1	1.89	2.44	1.565	2.323	2.996
Change	-	-92.39%	-462.07%	-10%	29.1%	-35.88%	48.49%	28.95%
Nbr of stocks (in thousands)	23,992	24,117	24,226	23,893	23,946	23,952	23,952	23,952
Announcement Date	8/14/20	8/19/21	8/18/22	8/17/23	8/13/24	-	-	-