Atlanta Braves Holdings, Inc. (BATRA) vs Versant Media Group, Inc. (VSNT)

Atlanta Braves Holdings, Inc. and Versant Media Group, Inc. are both Entertainment companies. Versant Media Group, Inc. is the larger, with a market value of $4.7B against $3.5B — 1.3× the size. Atlanta Braves Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Versant Media Group, Inc. trades at 4.0×. Versant Media Group, Inc. has the higher net margin (17.3% vs −8.56%) and the higher return on invested capital (11.1% vs −3.57%). Across the 16 metrics below, Versant Media Group, Inc. leads on 16 and Atlanta Braves Holdings, Inc. on 0.

Valuation

Metric BATRA VSNT Entertainment median
P/E n/m 4.03 22.03
P/S 5.05 0.68 1.47
P/B 7.19 0.56 2.00
Price to free cash flow n/m 1.38 16.60
EV/EBITDA 405.76 2.24 9.65
EV/Sales 6.00 0.90 1.76
Earnings yield (1.69%) 24.81% (0.67%)
Free cash flow yield (2.51%) 72.72% 3.26%

Profitability

Metric BATRA VSNT Entertainment median
Gross margin 24.90% 60.83% 45.02%
Operating margin (9.42%) 25.47% 2.30%
Net margin (8.56%) 17.29% 0.00%
Free cash flow margin (12.65%) 49.76% 1.56%
Return on equity (12.09%) 0.00% 0.00%
Return on assets (3.75%) 18.30% 0.00%
Return on invested capital (3.57%) 11.07% 0.00%

Growth

Metric BATRA VSNT Entertainment median
Revenue growth (TTM) 6.77% — 5.07%
EPS growth (last fiscal year) 26.00% — —
Revenue growth, 5-year CAGR — — 10.25%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BATRA VSNT Entertainment median
Debt to equity 1.69 0.36 0.46
Current ratio 0.49 2.38 0.86
Net debt to EBITDA 11.68 (0.05) 0.72

Dividend

Metric BATRA VSNT Entertainment median
Dividend yield — — 1.16%
Payout ratio — — 0.00

Size

Metric BATRA VSNT Entertainment median
Market cap 3.47b 4.65b 1.87b

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