$Madison Square Garden Sports (MSGS.US)$Over the past five y...
$Madison Square Garden Sports (MSGS.US)$Over the past five years, revenue fell sharply to 420 million in 2021, and increased 97.6% to 821 million in 2022, but it was still lower than the high of 1.32 billion yuan in 2017. Operating profit continued to lose until 2021, reversed losses reached 86 million in 2022, and net profit reversed to 49 million dollars.
In the first three quarters of 2023, revenue increased 17.7%, operating profit increased 56.1% to 197 million, and net profit increased 1.5 times to 55 million yuan.
Over the past five years, the balance ratio increased from 30% to 111.2%, and increased to 124.4% in 2023Q3. The debt ratio is too high.
Currently, the price-earnings ratio is 91.6, and the price-earnings ratio TTM has dropped to 56.7. If the net profit for the whole year is 174 million, the corresponding price-earnings ratio is 62.1. Considering the sustainability of the surge in profit, we will look at a few more quarters.
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