Is the business good?
How good a business is MSGE?
Madison Square Garden Entertainment Corp. earns 35% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
35%
Return on invested capital · cost of capital 9.0% · 26 points above what the capital costs: growth creates value
| Year | Operating margin |
|---|---|
| FY2021 | −290% |
| FY2022 | −0.86% |
| FY2023 | 12% |
| FY2024 | 12% |
| FY2025 | 13% |
| FY2026 | 13% |
Details›
- Net income, trailing twelve months
- $66M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 35%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.