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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt No Debt
MSG's Cash to Debt is ranked higher than
93% of the 699 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.62 vs. MSG: No Debt )
MSG' s 10-Year Cash to Debt Range
Min: N/A   Max: No Debt
Current: No Debt


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N/A
No Debt
Equity to Asset 0.55
MSG's Equity to Asset is ranked higher than
76% of the 621 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.44 vs. MSG: 0.55 )
MSG' s 10-Year Equity to Asset Range
Min: 0.5   Max: 0.56
Current: 0.55

0.5
0.56
Interest Coverage 24.86
MSG's Interest Coverage is ranked higher than
67% of the 381 Companies
in the Global Media - Diversified industry.

( Industry Median: 27.86 vs. MSG: 24.86 )
MSG' s 10-Year Interest Coverage Range
Min: 11.62   Max: 31.72
Current: 24.86

11.62
31.72
F-Score: 8
Z-Score: 4.08
M-Score: -2.61
WACC vs ROIC
4.89%
16.70%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 26.54
MSG's Operating margin (%) is ranked higher than
95% of the 694 Companies
in the Global Media - Diversified industry.

( Industry Median: 8.29 vs. MSG: 26.54 )
MSG' s 10-Year Operating margin (%) Range
Min: -1.75   Max: 18.73
Current: 26.54

-1.75
18.73
Net-margin (%) 13.74
MSG's Net-margin (%) is ranked higher than
90% of the 694 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.14 vs. MSG: 13.74 )
MSG' s 10-Year Net-margin (%) Range
Min: -0.47   Max: 10.62
Current: 13.74

-0.47
10.62
ROE (%) 13.15
MSG's ROE (%) is ranked higher than
85% of the 660 Companies
in the Global Media - Diversified industry.

( Industry Median: 5.24 vs. MSG: 13.15 )
MSG' s 10-Year ROE (%) Range
Min: -0.46   Max: 10.17
Current: 13.15

-0.46
10.17
ROA (%) 7.27
MSG's ROA (%) is ranked higher than
87% of the 700 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.50 vs. MSG: 7.27 )
MSG' s 10-Year ROA (%) Range
Min: -0.25   Max: 5.42
Current: 7.27

-0.25
5.42
ROC (Joel Greenblatt) (%) 34.23
MSG's ROC (Joel Greenblatt) (%) is ranked higher than
83% of the 695 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.01 vs. MSG: 34.23 )
MSG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -11.24   Max: 29.05
Current: 34.23

-11.24
29.05
Revenue Growth (3Y)(%) 9.70
MSG's Revenue Growth (3Y)(%) is ranked higher than
86% of the 559 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.90 vs. MSG: 9.70 )
MSG' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 9.7
Current: 9.7

0
9.7
EBITDA Growth (3Y)(%) 12.80
MSG's EBITDA Growth (3Y)(%) is ranked higher than
83% of the 458 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.00 vs. MSG: 12.80 )
MSG' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 42.9
Current: 12.8

0
42.9
EPS Growth (3Y)(%) 10.50
MSG's EPS Growth (3Y)(%) is ranked higher than
79% of the 401 Companies
in the Global Media - Diversified industry.

( Industry Median: 5.80 vs. MSG: 10.50 )
MSG' s 10-Year EPS Growth (3Y)(%) Range
Min: 0   Max: 68.9
Current: 10.5

0
68.9
» MSG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

MSG Guru Trades in Q2 2014

Louis Moore Bacon 33,640 sh (New)
First Eagle Investment 1,227,120 sh (+152.47%)
Third Avenue Management 533,656 sh (+45.38%)
John Rogers 2,002,801 sh (+28.71%)
Mario Gabelli 2,955,732 sh (+3.12%)
Ron Baron 1,250,000 sh (unchged)
Paul Tudor Jones Sold Out
Murray Stahl 356,251 sh (-2.21%)
Brian Rogers 2,004,875 sh (-4.75%)
Jim Simons 306,100 sh (-38.24%)
» More
Q3 2014

MSG Guru Trades in Q3 2014

Ray Dalio 4,951 sh (New)
Jim Simons 416,100 sh (+35.94%)
Murray Stahl 409,981 sh (+15.08%)
Ron Baron 1,250,000 sh (unchged)
Louis Moore Bacon Sold Out
Mario Gabelli 2,938,674 sh (-0.58%)
John Rogers 1,869,857 sh (-6.64%)
Third Avenue Management 406,573 sh (-23.81%)
First Eagle Investment 583,990 sh (-52.41%)
Brian Rogers 772,707 sh (-61.46%)
» More
Q4 2014

MSG Guru Trades in Q4 2014

Steven Cohen 49,200 sh (New)
Ray Dalio 7,578 sh (+53.06%)
First Eagle Investment 642,540 sh (+10.03%)
Jim Simons 433,900 sh (+4.28%)
Mario Gabelli 2,882,042 sh (-1.93%)
Murray Stahl 381,644 sh (-6.91%)
Ron Baron 1,125,000 sh (-10.00%)
John Rogers 1,565,646 sh (-16.27%)
Brian Rogers 500,000 sh (-35.29%)
Third Avenue Management 10,053 sh (-97.53%)
» More
Q1 2015

MSG Guru Trades in Q1 2015

Steven Cohen 71,700 sh (+45.73%)
Brian Rogers Sold Out
Third Avenue Management Sold Out
John Rogers 1,565,043 sh (-0.04%)
Mario Gabelli 2,860,381 sh (-0.75%)
Murray Stahl 378,754 sh (-0.76%)
First Eagle Investment 636,379 sh (-0.96%)
Ray Dalio 7,378 sh (-2.64%)
Ron Baron 1,000,000 sh (-11.11%)
Jim Simons 230,800 sh (-46.81%)
» More
» Details

Insider Trades

Latest Guru Trades with MSG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Madison Square Garden Co

Mason Hawkins Comments on Madison Square Garden - Aug 13, 2013

We sold two positions. Madison Square Garden (MSG)'s share price approached our appraisal, helping to make it a large contributor year-to-date. We made 114% on the investment during the two years that we held it. The company's multi-year arena renovation has been successful, and the increased value of the television rights for the Knicks and Rangers became clearer.

From Mason Hawkins' semi-annual 2013 report.
Check out Mason Hawkins latest stock trades

Baron Funds Comments on Madison Square Garden Co. - Jun 10, 2013

Shares of The Madison Square Garden Co. (MSG), the spinout from Cablevision, which owns professional sports teams (the New York Knicks and the New York Rangers), venues (Madison Square Garden and Radio City Music Hall), and cable networks (MSG and Fuse), reported strong results and its stock rose 30% in the quarter. The NHL strike was settled and the Knicks continued their winning ways, which led to strong attendance at the games and increased advertising at the network. The company is coming to the end of its billion dollar renovation of the Garden, which has proven to provide good returns, and we expect shortly will have lots of free cash flow. The stock has tripled since its spinout, and we believe has more upside based both on a reasonable valuation of future cash flow and on asset value.

From Baron Funds’ first quarter 2013 commentary.

Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 30.50
MSG's P/E(ttm) is ranked higher than
79% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 61.40 vs. MSG: 30.50 )
MSG' s 10-Year P/E(ttm) Range
Min: 20.21   Max: 45.51
Current: 30.5

20.21
45.51
Forward P/E 52.08
MSG's Forward P/E is ranked higher than
76% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. MSG: 52.08 )
N/A
PE(NRI) 30.50
MSG's PE(NRI) is ranked higher than
81% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 69.90 vs. MSG: 30.50 )
MSG' s 10-Year PE(NRI) Range
Min: 20.19   Max: 45.48
Current: 30.5

20.19
45.48
P/B 3.84
MSG's P/B is ranked higher than
63% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 3.14 vs. MSG: 3.84 )
MSG' s 10-Year P/B Range
Min: 1.28   Max: 3.84
Current: 3.84

1.28
3.84
P/S 4.18
MSG's P/S is ranked lower than
53% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.39 vs. MSG: 4.18 )
MSG' s 10-Year P/S Range
Min: 1.27   Max: 4.18
Current: 4.18

1.27
4.18
PFCF 49.12
MSG's PFCF is ranked higher than
74% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 76.42 vs. MSG: 49.12 )
MSG' s 10-Year PFCF Range
Min: 18.07   Max: 746
Current: 49.12

18.07
746
POCF 25.81
MSG's POCF is ranked higher than
72% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 18.51 vs. MSG: 25.81 )
MSG' s 10-Year POCF Range
Min: 8.2   Max: 26.42
Current: 25.81

8.2
26.42
EV-to-EBIT 14.72
MSG's EV-to-EBIT is ranked higher than
86% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 26.98 vs. MSG: 14.72 )
MSG' s 10-Year EV-to-EBIT Range
Min: 9.5   Max: 27.9
Current: 14.72

9.5
27.9
Shiller P/E 55.36
MSG's Shiller P/E is ranked higher than
80% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. MSG: 55.36 )
MSG' s 10-Year Shiller P/E Range
Min: 39.78   Max: 55.46
Current: 55.36

39.78
55.46
Current Ratio 0.81
MSG's Current Ratio is ranked higher than
55% of the 637 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.40 vs. MSG: 0.81 )
MSG' s 10-Year Current Ratio Range
Min: 0.6   Max: 1.92
Current: 0.81

0.6
1.92
Quick Ratio 0.81
MSG's Quick Ratio is ranked higher than
57% of the 637 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.31 vs. MSG: 0.81 )
MSG' s 10-Year Quick Ratio Range
Min: 0.6   Max: 1.92
Current: 0.81

0.6
1.92
Days Sales Outstanding 40.83
MSG's Days Sales Outstanding is ranked higher than
88% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 89.66 vs. MSG: 40.83 )
MSG' s 10-Year Days Sales Outstanding Range
Min: 31.76   Max: 50.63
Current: 40.83

31.76
50.63

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 8.56
MSG's Price/Tangible Book is ranked higher than
65% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 13.30 vs. MSG: 8.56 )
MSG' s 10-Year Price/Tangible Book Range
Min: 4.75   Max: 31.49
Current: 8.56

4.75
31.49
Price/DCF (Projected) 3.89
MSG's Price/DCF (Projected) is ranked higher than
75% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.20 vs. MSG: 3.89 )
MSG' s 10-Year Price/DCF (Projected) Range
Min: 2.73   Max: 3.83
Current: 3.89

2.73
3.83
Price/Median PS Value 1.57
MSG's Price/Median PS Value is ranked higher than
62% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.40 vs. MSG: 1.57 )
MSG' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.55
Current: 1.57

0.5
1.55
Price/Peter Lynch Fair Value 1.22
MSG's Price/Peter Lynch Fair Value is ranked higher than
96% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. MSG: 1.22 )
MSG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.04   Max: 1.7
Current: 1.22

1.04
1.7
Price/Graham Number 3.36
MSG's Price/Graham Number is ranked higher than
81% of the 757 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. MSG: 3.36 )
MSG' s 10-Year Price/Graham Number Range
Min: 1.99   Max: 6.99
Current: 3.36

1.99
6.99
Earnings Yield (Greenblatt) 6.80
MSG's Earnings Yield (Greenblatt) is ranked higher than
84% of the 689 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.00 vs. MSG: 6.80 )
MSG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.6   Max: 10.6
Current: 6.8

3.6
10.6
Forward Rate of Return (Yacktman) 26.30
MSG's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 385 Companies
in the Global Media - Diversified industry.

( Industry Median: 10.28 vs. MSG: 26.30 )
MSG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.1   Max: 63.5
Current: 26.3

0.1
63.5

Business Description

Industry: Entertainment » Media - Diversified
Compare: » details
Traded in other countries:1M4.Germany,
Madison Square Garden Co was incorporated on July 29, 2009 as an indirect, wholly-owned subsidiary of Cablevision Systems Corporation ('Cablevision'). The Company, through its subsidiaries, operates in the sports, entertainment, and media businesses primarily in the United States. The Company operates in three segments: MSG Media, MSG Entertainment, and MSG Sports. The MSG Media segment produces, develops, and acquires content for various distribution platforms, including content originating from the company's venues. It consists of the MSG Networks and regional sports networks; and Fuse, a national television network dedicated to music. This segment also manages interactive Web sites, social networking sites, and mobile applications; and mobile, video on demand, and digital platforms. The MSG Entertainment segment presents or hosts live entertainment events, such as concerts, family shows, performing arts, and special events, and theatrical productions, as well as creates, produces, and/or presents live productions. This segment owns the Garden, Radio City Music Hall, and the Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre, and the Forum. The MSG Sports segment owns and operates sports franchises, including New York Knicks, New York Rangers, New York Liberty, and Connecticut Whale. This segment also promotes, produces, and presents an array of live sporting events, such as professional boxing, college basketball, track and field, professional bull riding, tennis, and wrestling, as well as the NFL draft.
» More Articles for MSG

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