Madison Square Garden Entertainment Corp. logo MSGE - Madison Square Garden Entertainment Corp.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $92.33 DETAILS
HIGH: $103.00
LOW: $80.00
MEDIAN: $93.00
CONSENSUS: $92.33
UPSIDE: 17.92%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 163.3% above fair value
Current Price $78.30
Bear Case $20.45 73.9% downside ($20.45 - $78.30) / $78.30 = -73.9% 6% stage 1 growth, 11% discount
Fair Value $29.74 62.0% downside ($29.74 - $78.30) / $78.30 = -62.0% 10% stage 1 growth, 11% discount
Bull Case $38.78 50.5% downside ($38.78 - $78.30) / $78.30 = -50.5% 13% stage 1 growth, 11% discount

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