MSGE - Madison Square Garden Entertainment Corp.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$92.33
DETAILS
HIGH:
$103.00
LOW:
$80.00
MEDIAN:
$93.00
CONSENSUS:
$92.33
UPSIDE:
17.92%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
9.6%
11.0%
3.0%
Key Value Driver
FCF growth rate (10% base case)
Terminal Value % of EV
39%
Implied Market Multiple
48.3x
Market is pricing in (growth)
20.7%
vs our 9.6% base
Plain-Language Summary
Using a two-stage FCF DCF with 10% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $29.74 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (13 analysts)
$92.33
Analyst Range
$80.00 – $103.00
Divergence from AlphaVal
68%
Warnings
Stock-based employee pay equals 48% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $92.33 (from 13 analysts). Our estimate is 68% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions