SURVYR

MSGS

Madison Square Garden Sports Corp.
$384.39
−$4.24 (1.09%)Oct 26 close
Communication ServicesS&P 600 CompareTechnicals
Model valuationRoughly fairly valuedDCF base $187
1M3M6M1Y2Y
-8%+17%+42%+68%+93%Oct 2025Oct 2026Apr 202652w high $438.9352w low $207.90
MSGSSPY
Wall St. Highest PT $584.00 (+51.9%) Wall St. Avg PT $493.80 (+28.5%)
$213$310$407$504$602POC $395Hi $584Avg $494
Underwater Drawdown %Max DD -10.1%Current -7.7%
0.0%-10.1%
Relative Strength vs SPY+56.3% vs SPYOutperforming
+81%0%-81%
1W
−$15.61 (3.90%)
1M
−$18.45 (4.58%)
3M
−$12.90 (3.25%)
6M
+$49.27 (14.70%)
YTD
+$125.74 (48.61%)
1Y
+$156.34 (68.56%)

Chart

Loading live chart…

Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar
Wall Street analyst consensus
SellHoldStrong Buy
Buy
8 analysts · mean score 2.00
1 = Strong Buy · 5 = Sell
Strong Buy338%
Buy225%
Hold338%
Underperform00%
Sell00%
Wall Street consensus · as of Oct 13, 2026
Analyst price targets
Current price$384.39
Average target$480.67
+$96.28 (+25.0%) upsideaverage target vs current price
CurrentAverageMedian
Low$415.00
Median$475.00
High$584.00
12-month Wall Street target range · as of Sep 24, 2026
Recent analyst rating changes · 30
Reiterated
2026-08-14 · JP Morgan reiterated Overweight on MSGS
Reiterated
2026-08-14 · Susquehanna reiterated Positive on MSGS
Reiterated
2026-08-14 · Guggenheim reiterated Buy on MSGS
Reiterated
2026-07-23 · Guggenheim reiterated Buy on MSGS
Reiterated
2026-07-21 · JP Morgan reiterated Overweight on MSGS
Reiterated
2026-06-23 · Susquehanna reiterated Positive on MSGS
All analyst rating changes ›

Third-party ratings, not SURVYR.'s views.

Health check

Financial health
DistressGrey zoneSafe
Safe zone
Altman Z-score 3.5
Above 2.99 is the safe zone, below 1.81 the distress zone.
Quality
WeakAverageStrong
Strong
Piotroski F-score 7 of 9
See the tests
  • ✓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

Computed by SURVYR. from the company's SEC filings (latest balance sheet Jun 30, 2026). Descriptive, not a forecast.

Key stats & company

Market value$9.3B
P/E (last 12 months)1,201.2
P/E (next 12 months, estimated)-739.2
52-week range$207.90 – $438.93
Revenue growth (latest quarter vs a year ago)+36.7%
Dividend yieldNo dividend
Analyst consensusBuy (5)
Average analyst price target$493.80 (+28%)

What they do

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. The company's other professional franchises include development league teams.

Communication Services · Entertainment
Valuation and fundamentals

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 51%
▲Piotroski F-score7/9
▲Altman Z3.5 (safe)
▲Net debt / EBITDA-7.2x
▲Analyst target+28% (5 analysts)

Discounted cash flow

Bear
$91
-76%
growth 14% · disc. 8.2% · term. 2.0%
Base
$187
-51%
growth 23% · disc. 7.2% · term. 2.5%
Bull
$370
-4%
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 27% a year for 10 years.
Implied
+27%/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 17.3× · 97th pct
 1,201.2×
pricier
Forward P/E
sector median 10.9×
 –
EV / EBITDA
sector median 12.7× · 98th pct
 281.6×
pricier
Price / sales
sector median 1.8× · 84th pct
 8.0×
pricier
Price / book
sector median 2.3×
 –
FCF yield
sector median 8.2% · 7th pct
 0.7%
pricier

Forward EPS $-0.52 vs trailing $0.32 (-262% 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 3.5 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$494
+28%
Analysts
5
Buy
Range
$450–$584
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree 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%.

For information only · Important disclosures

Grades vs sector

Momentum
96th percentile in sector
A+
12-1 return: +89.0%
Percentile within its GICS sector across the S&P 1500.
Growth
88th percentile in sector
A-
Revenue growth (YoY): +36.7%
Percentile within its GICS sector across the S&P 1500.
Value
2nd percentile in sector
F
Forward E/P: – · EBITDA/EV: 0.3%
Percentile within its GICS sector across the S&P 1500.
Profitability
23rd percentile in sector
D
Profit margin: +0.7% · Return on equity: –
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Held by 1 of 7 live models: Momentum Blend.

Momentum Blend
4.7% of the book · Core sleeve
 HeldQuality Growth
Outside this model's universe or screens
 Momentum Top 15
Outside this model's universe or screens
 New Highs Growth
Outside this model's universe or screens
 SURVYR. Barbell Momentum & T-Bill Shield
Outside this model's universe or screens
 SURVYR. Physical AI Grid & Power
Outside this model's universe or screens
 SURVYR. Long Book
Not in the current book
Why it's in the 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 drops it.

Earnings & events

MSGS earningsNext report in 3 days
Next report
Fri Oct 30, 2026Before the open
EPS consensus-$1.31 range -$1.49–-$1.14
Revenue consensus$40.4M 6 analysts
Last 4 quarters · EPS vs estimate
Aug 13, 2026$1.16est $0.63+84.1%Above estimates
May 8, 2026-$0.78est $0.52−248.9%Below estimates
Feb 5, 2026$0.34est $0.46−26.5%Below estimates
Oct 31, 2025-$0.37est -$0.92+59.7%Above estimates

In line = within 1% of the estimate.

Source: Yahoo Finance · refreshed 2026-10-27 18:03:51 ET
24-1125-0225-0525-0825-1026-0226-0526-08-0.921.30
EstimateActual (beat)Actual (miss)

Quarterly revenue

QuarterRevenueYoY
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–

Recent dividends

2022-10-14: $7.000

News & catalysts

More news
Madison Square Garden Sports Corp. (MSGS) files 8-K: material agreement, acquisition or sale completed, executive or board change
SEC 8-K · 1h ago
Is TKO Stock Really Expensive?
Trefis · Oct 20
Rating changes
Reiterated
2026-08-14 · JP Morgan reiterated Overweight on MSGS
Reiterated
2026-08-14 · Susquehanna reiterated Positive on MSGS
Reiterated
2026-08-14 · Guggenheim reiterated Buy on MSGS
Reiterated
2026-07-23 · Guggenheim reiterated Buy on MSGS
Reiterated
2026-07-21 · JP Morgan reiterated Overweight on MSGS
Reiterated
2026-06-23 · Susquehanna reiterated Positive on MSGS

Third-party analyst actions, not SURVYR.'s views. All rating changes

Insider trades
Warner Bryan
SVP, Head of Legal · 2026-09-16
Sell
$247.3K
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-27 18:03:51 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

Morning Brief (8 AM ET) & Market Close (4:30 PM ET), weekdays

Indexes, sectors, biggest movers, rates, top news, SURVYR. model changes and what's ahead. Free, two short emails each weekday.

Editions

Free. Not investment advice. Unsubscribe anytime.

SURVYR

Free to use. No card, no ads, no auto-renew.

Systematic research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

How it worksOur promiseTermsPrivacyData statusSend feedback
Coteau 0.9 · Oct 21, 2026