Atlanta Braves Holdings, Inc. (BATRK) 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 −15.0%) and the higher return on invested capital (11.1% vs 0.00%). Across the 15 metrics below, Versant Media Group, Inc. leads on 15 and Atlanta Braves Holdings, Inc. on 0.

Valuation

Metric BATRK VSNT Entertainment median
P/E n/m 4.03 22.03
P/S 4.09 0.68 1.47
P/B 14.19 0.56 2.00
Price to free cash flow n/m 1.38 16.60
EV/EBITDA 59.37 2.24 9.65
EV/Sales 4.58 0.90 1.76
Earnings yield (1.84%) 24.81% (0.67%)
Free cash flow yield (2.98%) 72.72% 3.26%

Profitability

Metric BATRK VSNT Entertainment median
Gross margin 13.27% 60.83% 45.02%
Operating margin 0.00% 25.47% 2.30%
Net margin (15.01%) 17.29% 0.00%
Free cash flow margin (12.21%) 49.76% 1.56%
Return on equity 0.00% 0.00% 0.00%
Return on assets 0.00% 18.30% 0.00%
Return on invested capital 0.00% 11.07% 0.00%

Growth

Metric BATRK VSNT Entertainment median
Revenue growth (TTM) — — 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 BATRK VSNT Entertainment median
Debt to equity 1.17 0.36 0.46
Current ratio 1.29 2.38 0.86
Net debt to EBITDA 10.23 (0.05) 0.72

Dividend

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

Size

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

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