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General information

Country: UNITED STATES

Sector: Entertainment

Liberty Media Corp-Liberty Braves operates as a media company. The Company offers media, communications, and entertainment businesses. Liberty Media Corp-Liberty Braves conducts business in the United States.
Website: libertymedia.com



Growth: Good revenue growth rate 20.4%, there is slowdown compared to average historical growth rates 47.5%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +29.6%. On average the margin is improving steadily. Gross margin is high, +99.6%. In the last quarter the company did not beat the estimated EPS. The company was ahead of estimated EPS in 50% of quarters (showing a gain of -$0.24 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 30.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 62.0% higher than minimum and 9.7% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 5.0x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: BATRK
Share price, USD:  (+1.0%)38.42
year average price 38.00  


year start price 38.02 2023-04-28

max close price 42.54 2023-07-19

min close price 34.19 2023-10-23

current price 38.42 2024-04-26
Common stocks: 50 001 753

Dividend Yield:  0.0%
FCF Yield LTM: 30.6%
EV / LTM EBITDA: 2.5x
EV / EBITDA annualized: 6.0x
Last revenue growth (y/y):  20.4%
Last growth of EBITDA (y/y):  94.0%
Historical revenue growth:  47.5%
Historical growth of EBITDA:  56.4%
EV / Sales: 0.7x
Margin (EBITDA LTM / Revenue): 29.6%
Fundamental value created in LTM:
Market Cap ($m): 1 921
Net Debt ($m): 392
EV (Enterprise Value): 2 313
Price to Book: 3.6x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-01Zacks Investment Research

Wall Street Analysts Believe Atlanta Braves Holdings (BATRK) Could Rally 26.29%: Here's is How to Trade

2024-03-27Zacks Investment Research

Atlanta Braves (BATRK): Strong Industry, Solid Earnings Estimate Revisions

2024-03-15Zacks Investment Research

Bears are Losing Control Over Atlanta Braves Holdings (BATRK), Here's Why It's a 'Buy' Now

2023-06-21Seeking Alpha

Liberty Braves: A Catalyst-Driven Home Run
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BATRK BATRK BATRK BATRK BATRK BATRK
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-03-01 2022-11-04
acceptedDate 2024-02-28 16:25:20 2023-11-03 12:52:15 2023-08-04 12:58:17 2023-05-05 12:25:52 2023-03-01 12:00:48 2022-11-04 12:45:59
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 68M 272M 270M 31M 53M 252M
costOfRevenue 70M 200M 198M 1 180M 1 074M 1 073M
grossProfit -2M 71M 72M -1 149M -1 021M -821M
grossProfitRatio -0.035 0.263 0.268 -37.065 -19.266 -3.258
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 30M 34M 33M 26M 17M 33M
otherExpenses 4M 1M -49M 54M 505M 0
operatingExpenses 30M 56M 53M 80M 522M 33M
costAndExpenses 100M 256M 250M 80M 522M 33M
interestIncome 0 10M 9M 0 0 0
interestExpense 10M 10M 9M 9M 87M 179M
depreciationAndAmortization 16M 21M 19M 2M -400M 22M
ebitda -17M 51M 2M -47M -431M 241M
ebitdaratio -0.245 0.188 0.007 -1.516 -8.132 0.956
operatingIncome -32M 16M 19M -49M -31M 219M
operatingIncomeRatio -0.478 0.058 0.072 -1.581 -0.585 0.869
totalOtherIncomeExpensesNet -6M -4M -31M -23M -466M -25M
incomeBeforeTax -38M 2M -21M -72M -497M 194M
incomeBeforeTaxRatio -0.566 0.008 -0.077 -2.323 -9.377 0.770
incomeTaxExpense -6M 8M 8M -13M -2M 3M
netIncome -32M -6M -29M -59M -495M 191M
netIncomeRatio -0.478 -0.022 -0.107 -1.903 -9.340 0.758
eps -0.520 -0.098 -0.470 -1.110 -9.710 -0.420
epsdiluted -0.520 -0.098 -0.470 -1.110 -8.250 -0.420
weightedAverageShsOut 62M 62M 62M 53M 51M 53M
weightedAverageShsOutDil 62M 62M 62M 53M 60M 53M
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Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BATRK BATRK BATRK BATRK BATRK BATRK
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-03-01 2022-11-04
acceptedDate 2024-02-28 16:25:20 2023-11-03 12:52:15 2023-08-04 12:58:17 2023-05-05 12:25:52 2023-03-01 12:00:48 2022-11-04 12:45:59
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 138M 107M 131M 215M 151M 159M
shortTermInvestments 0 1 039M 0 899M 857M 0
cashAndShortTermInvestments 138M 107M 131M 215M 151M 159M
netReceivables 63M 99M 54M 23M 45M 65M
inventory 0 20M 52M 0 0 0
otherCurrentAssets 17M 18M 27M 62M 78M 81M
totalCurrentAssets 218M 244M 264M 300M 274M 305M
propertyPlantEquipmentNet 769M 749M 739M 729M 730M 734M
goodwill 176M 176M 176M 176M 176M 176M
intangibleAssets 124M 124M 124M 152M 148M 149M
goodwillAndIntangibleAssets 299M 299M 299M 328M 324M 325M
longTermInvestments 99M 106M 99M 94M 95M 114M
taxAssets 56M 2 040M 0 2 088M 0 0
otherNonCurrentAssets 118M -1 920M 108M -2 021M 54M 56M
totalNonCurrentAssets 1 343M 1 275M 1 245M 1 218M 1 203M 1 229M
otherAssets 0 0 0 0 0 0
totalAssets 1 561M 1 519M 1 509M 1 518M 1 477M 1 534M
accountPayables 73M 68M 65M 66M 55M 58M
shortTermDebt 43M 8M 7M 75M 75M 75M
taxPayables 0 0 0 0 0 0
deferredRevenue 112M 106M 142M 191M 105M 78M
otherCurrentLiabilities 6M 7M 6M 3M -2M -3M
totalCurrentLiabilities 234M 189M 220M 335M 233M 208M
longTermDebt 527M 654M 638M 463M 467M 523M
deferredRevenueNonCurrent 16M 11M 10M 0 0 0
deferredTaxLiabilitiesNonCurrent 107M 57M 47M 46M 54M 53M
otherNonCurrentLiabilities 136M 32M 372M 438M 429M 776M
totalNonCurrentLiabilities 786M 754M 1 067M 947M 950M 987M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 106M 107M 106M 0 0 0
totalLiabilities 1 020M 943M 1 287M 1 282M 1 183M 1 195M
preferredStock 0 0 0 0 0 0
commonStock 619 000 617 000 731M 0 0 0
retainedEarnings -554M -522M -516M 0 296M 471M
accumulatedOtherComprehensiveIncomeLoss -7M -4M -4M 0 0 0
othertotalStockholdersEquity 1 090M 1 089M 0 229M -2M -132M
totalStockholdersEquity 529M 564M 211M 229M 294M 339M
totalEquity 541M 576M 222M 236M 294M 339M
totalLiabilitiesAndStockholdersEquity 1 561M 1 519M 1 509M 1 518M 1 477M 1 534M
minorityInterest 12M 12M 11M 7M 0 0
totalLiabilitiesAndTotalEquity 1 561M 1 519M 1 509M 1 518M 1 477M 1 534M
totalInvestments 99M 1 145M 99M 993M 952M 1 028M
totalDebt 676M 662M 645M 538M 542M 598M
netDebt 539M 555M 514M 323M 391M 439M
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Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BATRK BATRK BATRK BATRK BATRK BATRK
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-03-01 2022-11-04
acceptedDate 2024-02-28 16:25:20 2023-11-03 12:52:15 2023-08-04 12:58:17 2023-05-05 12:25:52 2023-03-01 12:00:48 2022-11-04 12:45:59
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome -32M -6M -28M -59M -64M -22M
depreciationAndAmortization 16M 21M 19M 15M 14M 22M
deferredIncomeTax -2M 928 000 6M -13M -1 000 000 2M
stockBasedCompensation 4M 3M 3M 3M 3M 3M
changeInWorkingCapital 26M -92M -87M 123M 51M -117M
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 -65M 0
otherWorkingCapital 26M -92M -87M 0 116M 0
otherNonCashItems 12M 15M 38M 16M 30M 32M
netCashProvidedByOperatingActivities 23M -57M -49M 85M 33M -80M
investmentsInPropertyPlantAndEquipment -24M -16M -16M -14M -5M -5M
acquisitionsNet 0 -125 000 5M 0 -20M 1 000 000
purchasesOfInvestments 0 -125 000 0 -169M 8974.000 -32 000
salesMaturitiesOfInvestments 0 250 000 0 0 -46 833 0
otherInvestingActivites 0 -125 000 -5M 169M 48M 32 000
netCashUsedForInvestingActivites -24M -16M -16M -14M 23M -4M
debtRepayment -14M -20M -15M -4M -74M -111M
commonStockIssued 0 0 -178 000 0 0 0
commonStockRepurchased 0 0 0 0 239M 0
dividendsPaid 0 0 0 -17M -216 767 -16 000
otherFinancingActivites 26M 37M 18M 22M -222M 96M
netCashUsedProvidedByFinancingActivities 12M 17M 2M 1 000 000 -57M -15M
effectOfForexChangesOnCash 0 -27M -187 000 2M 8M -5000.000
netChangeInCash 11M -56M -62M 72M -1 000 000 -99M
cashAtEndOfPeriod 138M 127M 183M 245M 173M 174M
cashAtBeginningOfPeriod 127M 183M 245M 173M 174M 273M
operatingCashFlow 23M -57M -49M 85M 33M -80M
capitalExpenditure -24M -16M -16M -14M -5M -5M
freeCashFlow -791 000 -73M -65M 71M 28M -85M
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Earning call transcript