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DCF Valuation
Base-case fair value
$232.52
Intrinsic $310.02 · 25% MOS
Current price: $72.08
Base-case summary
Our base-case DCF for Madison Square Garden Entertainment Corp. (MSGE) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 40.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $313M in trailing free cash flow, this produces an intrinsic value of $310.02 per share. A 25% safety margin gives a fair value of $232.52, suggesting the stock is currently 223% undervalued against the $72.08 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$313M
Cash & equivalents
$323M
Total debt
$1.2B
Shares outstanding
48M