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MSG Knickerbockers
(NYSE:MSGK)
Select Model
Select Model
Rating:54Neutral
Price Target:
$312.00
▼(-21.70% Downside)
Action:Reiterated
Date:10/28/26
The score is held back primarily by elevated financial risk (high leverage and negative equity) and very expensive valuation (extremely high P/E). These are partly offset by positive earnings-call momentum and FY27 growth outlook, plus a mildly constructive technical trend with mixed momentum indicators.
Positive Factors
Revenue Growth and Cash Generation
Steady revenue growth combined with positive operating and free cash flow indicates that the team businesses are converting demand into usable cash. This supports ongoing investment in franchises and venues, provides resilience through weaker seasons, and gives management resources to fund operations without relying entirely on external capital.
Negative Factors
High Leverage and Negative Equity
High debt alongside persistently negative equity materially limits financial flexibility and leaves the capital structure more sensitive to operating setbacks. Although cash generation is positive, deleveraging would take time, potentially constraining investment choices and increasing the consequences of weaker team performance or revenue volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Cash Generation
Steady revenue growth combined with positive operating and free cash flow indicates that the team businesses are converting demand into usable cash. This supports ongoing investment in franchises and venues, provides resilience through weaker seasons, and gives management resources to fund operations without relying entirely on external capital.
Read all positive factors
MSG Knickerbockers Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down revenue streams such as ticket sales, merchandise, and broadcasting rights, highlighting which areas drive the most income and where there may be opportunities or vulnerabilities in the business model.
Breaks down revenue streams such as ticket sales, merchandise, and broadcasting rights, highlighting which areas drive the most income and where there may be opportunities or vulnerabilities in the business model.
Data provided by:
The Fly
The FlyMSG Knickerbockers (MSGK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.23B
Dividend Yield4.73%
Average Volume (3M)359.06K
Price to Earnings (P/E)1201.2
Beta (1Y)0.60
Revenue Growth11.03%
EPS GrowthN/A
CountryUS
Employees1,017
SectorCommunication Services
Sector Strength97
IndustryMedia & Entertainment
Share Statistics
EPS (TTM)0.32
Shares Outstanding19,550,425
10 Day Avg. Volume440,400
30 Day Avg. Volume359,056
Financial Highlights & Ratios
PEG Ratio-9.34
Price to Book (P/B)-36.86
Price to Sales (P/S)8.41
P/FCF Ratio167.94
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue9.34
Enterprise Value/Gross Profit33.65
Enterprise Value/Ebitda254.95
Forecast
1Y Price Target
$483.50Price Target Upside21.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.48
Revenue Forecast (FY)$1.04B
MSG Knickerbockers Business Overview & Revenue Model
Company Description
MSG Knickerbockers Corp. is a sports company, which owns and operates a portfolio of assets featuring the New York Knickerbockers of the National Basketball Association and the New York Rangers of the National Hockey League. The firm’s other franc...
How the Company Makes Money
MSGS makes money primarily by monetizing its professional sports teams through a mix of game-day, media, commercial, and licensing revenues. Key revenue streams include: (1) Media and broadcasting: revenue from the distribution of game content thr...
MSG Knickerbockers Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.15B | 1.04B | 1.03B | 887.45M | 821.35M |
| Gross Profit | 320.12M | 280.88M | 407.47M | 335.06M | 315.75M |
| EBITDA | 42.25M | 7.60M | 136.42M | 116.38M | 90.71M |
| Net Income | 7.76M | -22.44M | 58.77M | 47.79M | 51.13M |
Balance Sheet | |||||
| Total Assets | 1.54B | 1.58B | 1.44B | 1.40B | 1.40B |
| Cash, Cash Equivalents and Short-Term Investments | 164.51M | 153.19M | 94.91M | 40.46M | 91.02M |
| Total Debt | 1.14B | 1.18B | 1.11B | 1.12B | 993.29M |
| Total Liabilities | 1.80B | 1.86B | 1.71B | 1.74B | 1.55B |
| Stockholders Equity | -263.30M | -281.44M | -266.31M | -337.23M | -147.09M |
Cash Flow | |||||
| Free Cash Flow | 57.79M | 87.99M | 90.68M | 151.29M | 177.12M |
| Operating Cash Flow | 59.20M | 91.61M | 92.13M | 152.47M | 178.06M |
| Investing Cash Flow | -3.81M | -6.92M | -8.90M | -17.76M | -2.93M |
| Financing Cash Flow | -44.07M | -26.41M | -28.79M | -185.27M | -156.14M |
MSG Knickerbockers Technical Analysis
Positive
398.45
Price Trends
300.20
Positive
297.20
Positive
269.84
Positive
Market Momentum
-0.64
Positive
49.30
Neutral
-79.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSGK, the sentiment is Positive. The current price of 398.45 is above the 20-day moving average (MA) of 302.20, above the 50-day MA of 300.20, and above the 200-day MA of 269.84, indicating a neutral trend. The MACD of -0.64 indicates Positive momentum. The RSI at 49.30 is Neutral, neither overbought nor oversold. The STOCH value of -79.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MSGK.
MSG Knickerbockers Risk Analysis
MSG Knickerbockers disclosed 39 risk factors in its most recent earnings report. MSG Knickerbockers reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MSG Knickerbockers Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.75B | 56.87 | 5.95% | ― | 12.52% | 82.30% | |
66 Neutral | $32.91B | 57.58 | 6.41% | 1.81% | 35.92% | 15.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $40.65B | -156.82 | 73.28% | ― | 10.75% | -146.20% | |
54 Neutral | $7.23B | 1,201.22 | -2.73% | 4.73% | 11.03% | ― | |
45 Neutral | $3.19B | -54.33 | -2.75% | 0.94% | 6.77% | -199.58% | |
43 Neutral | $3.58B | -61.80 | -24.51% | 1.47% | 5.46% | -34.39% |
* Communication Services Sector Average
MSGK
MSG Knickerbockers
300.32
131.22
77.60%
LYV
Live Nation Entertainment
172.50
23.31
15.62%
TKO
TKO Group Holdings
173.88
-9.80
-5.34%
MANU
Manchester United
20.77
3.47
20.06%
MSGE
Madison Square Garden Entertainment Corp.
79.05
34.75
78.44%
BATRA
Atlanta Braves Holdings Inc Class A
54.33
11.61
27.18%
MSG Knickerbockers Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsRegulatory Filings and Compliance
MSG Knickerbockers Spins Off Rangers, Rebrands Corporate Identity
Positive
Oct 27, 2026
On October 23, 2026, MSG Knickerbockers Corp. and its subsidiaries entered into a transfer consent agreement with the National Hockey League confirming that future transfers of ownership or location of the New York Rangers and certain related asse...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
MSG Sports Advances Rangers Spin-Off and Board Changes
Positive
Sep 30, 2026
Following board approval on September 30, 2026, MSG Sports is spinning off its New York Rangers business into MSG Rangers Corp., creating two focused public companies built around the Knicks and Rangers franchises, with completion expected on Octo...
Business Operations and StrategyExecutive/Board Changes
Madison Square Garden Sports Realigns Senior Legal Leadership
Neutral
Sep 22, 2026
Effective September 21, 2026, Madison Square Garden Sports Corp. announced that Jamaal T. Lesane shifted roles within the organization, becoming Executive Vice President and Chief Legal Officer while stepping down as Chief Operating Officer. The s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.