Madison Square Garden Entertainment Corp. (MSGE) vs Versant Media Group, Inc. (VSNT)

Madison Square Garden Entertainment Corp. and Versant Media Group, Inc. are both Entertainment companies. Versant Media Group, Inc. is the larger, with a market value of $4.7B against $3.8B — 1.2× the size. Versant Media Group, Inc. trades at the lower P/E: 4.0× against 56.5×. Versant Media Group, Inc. has the higher net margin (17.3% vs 6.24%) and the lower return on invested capital (11.1% vs 27.4%). Across the 18 metrics below, Versant Media Group, Inc. leads on 16 and Madison Square Garden Entertainment Corp. on 2.

Valuation

Metric MSGE VSNT Entertainment median
P/E 56.49 4.03 22.03
P/S 3.54 0.68 1.47
P/B 81.99 0.56 2.00
Price to free cash flow 11.62 1.38 16.60
EV/EBITDA 20.19 2.24 9.65
EV/Sales 3.80 0.90 1.76
Earnings yield 1.77% 24.81% (0.67%)
Free cash flow yield 8.61% 72.72% 3.26%

Profitability

Metric MSGE VSNT Entertainment median
Gross margin 45.11% 60.83% 45.02%
Operating margin 13.34% 25.47% 2.30%
Net margin 6.24% 17.29% 0.00%
Free cash flow margin 30.46% 49.76% 1.56%
Return on equity 407.54% 0.00% 0.00%
Return on assets 3.67% 18.30% 0.00%
Return on invested capital 27.44% 11.07% 0.00%

Growth

Metric MSGE VSNT Entertainment median
Revenue growth (TTM) 12.52% — 5.07%
EPS growth (last fiscal year) 79.22% — —
Revenue growth, 5-year CAGR 66.94% — 10.25%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric MSGE VSNT Entertainment median
Debt to equity 12.47 0.36 0.46
Current ratio 0.70 2.38 0.86
Net debt to EBITDA 1.39 (0.05) 0.72

Dividend

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

Size

Metric MSGE VSNT Entertainment median
Market cap 3.75b 4.65b 1.87b

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