Atlanta Braves Holdings, Inc. Financial Ratios — BATRA Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	-0.17	- -	- -	- -	- -
Return on Assets (%)	- -	-8.01	-1.46	0.27	-4.53	-4.93	-0.69	-2.19	-8.37	-2.07	-1.49
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100	100	100	25.84	23.33	22.46	30.19
EBITDA Margin (%)	- -	-11.07	-11.92	17.42	6.72	-33.15	16.2	7.91	3.83	3.5	12.59
Operating Margin (%)	- -	-23.28	-29.27	0.23	-8.19	-71.91	3.52	-4.27	-7.25	-5.98	2.27
Incremental Operating Margin (%)	- -	- -	- -	203.57	- -	- -	37.95	- -	- -	- -	80.68
Pretax Margin (%)	- -	-30.15	-16.06	-0.9	-19.33	-65.17	-0.53	-5.35	-20.16	-5.42	-3.29
Profit Margin (%)	- -	-23.66	-6.48	1.13	-16.18	-43.82	-1.94	-5.81	-19.56	-4.72	-3.19
Net Income to Common Margin (%)	- -	-23.66	-6.48	1.13	-16.18	-43.82	-1.94	-5.81	-19.56	-4.72	-3.19
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	-0.17	- -	- -	- -	- -

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	328	662	491	554	670	697	649	673	721	837
ST Debt	- -	- -	13	14	59	59	12	75	42	104	215
LT Debt	- -	328	649	477	495	611	685	574	631	617	622
Total Debt/EBITDA	- -	-11.31	-14.39	6.38	17.31	-11.36	7.58	13.95	27.42	31.12	9.08
Net Debt/EBITDA	- -	-7.62	-11.52	4.99	12.88	-8.8	6.03	8.41	18.1	21.89	6.92
Total Debt/EBIT	- -	-5.38	-5.86	491	-14.21	-5.23	34.85	-25.81	-14.49	-18.18	50.42
Net Debt/EBIT	- -	-3.62	-4.69	384	-10.56	-4.05	27.75	-15.56	-9.56	-12.78	38.47
EBITDA to Interest Expense	- -	-29	-3.07	2.96	1.19	-2.27	3.83	1.57	0.65	0.6	1.99
EBITDA-CapEx/Interest Expense	- -	-29	-3.07	2.96	1.19	-2.27	3.83	1.57	0.65	0.6	1.99
EBIT to Interest Expense	- -	-61	-7.53	0.04	-1.44	-4.92	0.83	-0.85	-1.23	-1.02	0.36
Interest Expense	- -	1	15	26	27	26	24	30	38	39	46
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	777.69	-28.78	-36.81	-38.39	-37.67
Long-Term Debt/Equity (%)	- -	82	151.99	108.9	130.95	209.97	231.42	191.77	116.66	115.02	115.55
Long-Term Debt/Capital (%)	- -	95.63	96.01	98.76	89.35	91.19	5.1	260.96	480.93	416.77	258.09
Long-Term Debt/Total Assets (%)	- -	21.19	34.78	26.43	31.07	38.89	41.87	38.53	41.93	40.47	38.51
Total Debt/Equity (%)	- -	82	155.04	112.1	146.56	230.24	235.47	216.75	124.45	134.45	155.56
Total Debt/Capital (%)	- -	95.63	97.93	101.66	100	100	5.19	294.95	513.07	487.17	347.47
Total Debt/Total Assets (%)	- -	21.19	35.48	27.2	34.78	42.65	42.6	43.55	44.73	47.31	51.84
Net Debt to Equity	- -	55.25	124.12	87.67	108.99	178.35	187.5	130.65	82.15	94.55	118.69
Net Debt/Capital (%)	- -	93.64	97.43	102.13	100	100	4.18	563.51	7,408.19	1,339.58	452.82
EBITDA	- -	-29	-46	77	32	-59	92	47	25	23	92
EBITDA-CapEx	- -	-29	-46	77	32	-59	92	47	25	23	92
Operating Income (Loss)	- -	-61	-113	1	-39	-128	20	-25	-46	-40	17

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.64	1.45	1.27	0.76	0.87	1.04	0.63	0.54	0.38	0.26
Current Ratio	- -	0.83	2.42	3.06	1.42	1.41	2.43	1.11	0.93	0.62	0.42
Quick Ratio	- -	0.73	1.8	1.52	0.9	1.05	1.34	0.92	0.8	0.56	0.35
CFO/Avg Current Liab	- -	1.06	-0.32	1.18	0.55	-0.3	0.4	0.28	0.01	0.06	0.08
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	777.69	-28.78	-36.81	-38.39	-37.67
Long-Term Debt/Equity (%)	- -	82	151.99	108.9	130.95	209.97	231.42	191.77	116.66	115.02	115.55
Long-Term Debt/Capital (%)	- -	95.63	96.01	98.76	89.35	91.19	5.1	260.96	480.93	416.77	258.09
Long-Term Debt/Total Assets (%)	- -	21.19	34.78	26.43	31.07	38.89	41.87	38.53	41.93	40.47	38.51
Total Debt/Equity (%)	- -	82	155.04	112.1	146.56	230.24	235.47	216.75	124.45	134.45	155.56
Total Debt/Capital (%)	- -	95.63	97.93	101.66	100	100	5.19	294.95	513.07	487.17	347.47
Total Debt/Total Assets (%)	- -	21.19	35.48	27.2	34.78	42.65	42.6	43.55	44.73	47.31	51.84
CFO/Total Liabilities	- -	7.75	-2.92	7.53	6.17	-4.3	4.63	4.48	0.17	1.68	2.34
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.52	0.56	1.01	1.1	0.46	15.13	0.82	1.39	1.21	1.24

Working Capital (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	34.93	16.43	16.68	19.43	6.14	16.23	10.68	9.62	11.74	17.53
Days Sales Outstanding	- -	10.45	22.22	21.88	18.79	59.47	22.49	34.18	37.93	31.09	20.82
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	7.23	7.68	7.51	9.54
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	50.48	47.5	48.58	38.25
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	-16.3	-9.57	-17.49	-17.44
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	34.18	37.93	31.09	20.82
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	943	1,080	1,272	1,512	1,268	1,518	1,733	2,641	2,551	2,666
- Cash & Cash Equivalents	- -	107	132	107	142	151	142	151	125	110	100
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	15	14	-8	- -	- -	- -	- -	12	12	12
+ Total Debt	- -	328	662	491	554	670	697	649	673	721	837
Enterprise Value	- -	1,179	1,624	1,648	1,924	1,787	2,073	2,232	3,201	3,174	3,416
Total Capital	- -	343	676	483	554	670	13,420	220	131	148	241
Total Debt/Capital (%)	- -	95.63	97.93	101.66	100	100	5.19	294.95	513.07	487.17	347.47
Total Debt / EV	- -	0.28	0.41	0.3	0.29	0.37	0.34	0.29	0.21	0.23	0.25
EV/Sales	- -	4.5	4.21	3.73	4.04	10.04	3.65	3.79	5	4.79	4.66
EV/EBITDA	- -	- -	- -	21.4	60.13	- -	22.53	47.95	130.43	137.04	37.03
EV/EBIT	- -	- -	- -	1,647.94	- -	- -	103.64	- -	- -	- -	205.73
EV/Cash Flow to Firm	- -	13.13	- -	52.32	19.72	- -	13.82	26.12	83.85	63.01	48.75
EV/Free Cash Flow to Firm	- -	13.13	- -	52.32	19.72	- -	13.82	26.12	83.85	63.01	48.75
Diluted Market Cap	- -	1,127	1,301	1,521	1,809	1,492	1,518	1,733	2,675	2,551	2,703
Diluted Enterprise Value	- -	1,363	1,845	1,897	2,221	2,011	2,073	2,232	3,235	3,174	3,452
EV per Share	- -	25.62	33.15	32.31	37.73	35.05	39.26	42.07	51.85	50.76	54.43
TTM Sales	- -	262	386	442	476	178	568	589	641	663	732
TTM EBITDA	- -	-29	-46	77	32	-59	92	47	25	23	92
TTM Operating Income	- -	-61	-113	1	-39	-128	20	-25	-46	-40	17
TTM Cash Flow to Firm	- -	90	-36	32	98	-38	150	85	38	50	70
TTM Free Cash Flow to Firm	- -	90	-36	32	98	-38	150	85	38	50	70

Multiples (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	12.66	-30.98	14.77	24.12	-27.13	24.48	32.48	1,645.14	153.42	107.1
EV/EBIT	- -	- -	- -	1,647.94	- -	- -	103.64	- -	- -	- -	205.73
Enterprise Value	- -	1,179	1,624	1,648	1,924	1,787	2,073	2,232	3,201	3,174	3,416
Low Price	- -	14.23	19.3	21.53	24.38	13.59	24.75	24.5	31.53	39.58	38.67
EV/Sales	- -	4.5	4.21	3.73	4.04	10.04	3.65	3.79	5	4.79	4.66
EV/EBITDA	- -	- -	- -	21.4	60.13	- -	22.53	47.95	130.43	137.04	37.03
Price/Earnings	- -	- -	- -	254.39	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	-12.75	-45.87	251.31	-18.52	-14.6	-134.65	-43.99	-19.14	-85.02	-118.93
Price/Earnings High	- -	-26.71	-51.98	284.89	-19.94	-19.72	-167.92	-53.61	-27.07	-93.3	-135.62
Price/Earnings Low	- -	-10.56	-37.83	219.61	-16.15	-8.89	-118.78	-38.03	-15.54	-79.16	-103.85
Price/Book Value	- -	- -	- -	- -	- -	- -	0.12	-4.04	-4.77	-4.36	-4.38
Price/Book Value Average	- -	- -	- -	- -	- -	- -	0.12	-3.5	-4.33	-4.54	-4.57
Price/Book Value High	- -	- -	- -	- -	- -	- -	0.15	-4.27	-6.12	-4.99	-5.21
Price/Book Value Low	- -	- -	- -	- -	- -	- -	0.1	-3.03	-3.52	-4.23	-3.99
Price/Tangible Book Value	- -	235.64	19.64	16.31	72.01	-22.65	-31.62	40,302.2	10.95	10.78	11.17
Price/Tangible Book Value Average	- -	197.57	20.85	16.11	67.9	-20.34	-30.86	34,957.75	9.94	11.23	11.64
Price/Tangible Book Value High	- -	414	23.63	18.26	73.12	-27.47	-38.48	42,607.7	14.06	12.32	13.28
Price/Tangible Book Value Low	- -	163.65	17.19	14.08	59.21	-12.38	-27.22	30,223.56	8.07	10.45	10.17
Price/Sales	- -	3.6	2.8	2.88	3.18	7.13	2.67	2.94	4.12	3.85	3.64
Price/Sales Average	- -	3.02	2.97	2.84	3	6.4	2.61	2.55	3.74	4.01	3.79
Price/Sales High	- -	6.32	3.37	3.22	3.23	8.64	3.25	3.11	5.29	4.4	4.33
Price/Sales Low	- -	2.5	2.45	2.48	2.61	3.89	2.3	2.21	3.04	3.73	3.31
Price/Cash Flow	- -	10.59	-25.72	12.35	20.16	-23.06	24.48	32.48	1,624.25	153.42	105.66
Price/Cash Flow Average	- -	8.88	-27.3	12.2	19.01	-20.71	23.89	28.18	1,474.64	159.84	110.13
Price/Cash Flow High	- -	18.61	-30.94	13.83	20.47	-27.97	29.79	34.34	2,085.93	175.41	125.58
Price/Cash Flow Low	- -	7.35	-22.52	10.66	16.58	-12.6	21.07	24.36	1,197.11	148.83	96.16
Price/Free Cash Flow Average	- -	10.62	-32.88	14.59	22.74	-24.37	23.89	28.18	1,493.61	159.84	111.63
Price/Free Cash Flow High	- -	22.25	-37.25	16.54	24.49	-32.9	29.79	34.34	2,112.76	175.41	127.29
Price/Free Cash Flow Low	- -	8.79	-27.11	12.75	19.83	-14.83	21.07	24.36	1,212.51	148.83	97.47
EV/Sales Average	- -	3.92	4.38	3.69	3.86	9.31	3.58	3.4	4.62	4.95	4.82
EV/Sales High	- -	7.22	4.78	4.07	4.09	11.56	4.23	3.96	6.17	5.34	5.35
EV/Sales Low	- -	3.4	3.86	3.33	3.48	6.81	3.28	3.06	3.91	4.67	4.34
EV/EBITDA Average	- -	-35.39	-36.76	21.2	57.43	-28.1	22.13	43.01	120.52	141.65	38.26
EV/EBITDA High	- -	-65.24	-40.08	23.38	60.86	-34.87	26.11	50.08	161.02	152.83	42.48
EV/EBITDA Low	- -	-30.71	-32.38	19.14	51.73	-20.54	20.23	38.63	102.13	133.74	34.43
EV/EBIT Average	- -	-16.82	-14.96	1,632.54	-47.12	-12.95	101.81	-79.58	-63.68	-82.72	212.51
EV/EBIT High	- -	-31.02	-16.31	1,800.43	-49.94	-16.07	120.11	-92.66	-85.09	-89.25	236
EV/EBIT Low	- -	-14.6	-13.18	1,474.03	-42.45	-9.47	93.08	-71.49	-53.97	-78.11	191.29
Last Price	- -	20.49	22.05	24.94	29.65	24.87	28.75	32.67	42.78	40.8	42.49
High Price	- -	36	26.52	27.93	30.11	30.16	34.99	34.54	54.94	46.65	50.5
Enterprise Value Average	- -	1,026	1,691	1,633	1,838	1,658	2,036	2,002	2,958	3,281	3,529
Enterprise Value High	- -	1,892	1,843	1,800	1,948	2,057	2,402	2,331	3,951	3,540	3,919
Enterprise Value Low	- -	891	1,490	1,474	1,655	1,212	1,862	1,798	2,506	3,098	3,176

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	49	51	51	51	52	53	53	62	63	63
Diluted Weighted Avg Shares	35	55	59	61	61	60	53	53	63	63	64
Basic Weighted Avg Shares	35	46	49	51	51	51	53	53	62	63	63
Revenue per Share	- -	5.7	7.88	8.67	9.33	3.49	10.76	11.1	10.38	10.6	11.67
EBITDA per Share	- -	-0.63	-0.94	1.51	0.63	-1.16	1.74	0.88	0.4	0.37	1.47
Operating Income per Share	- -	-1.33	-2.31	0.02	-0.76	-2.51	0.38	-0.47	-0.75	-0.63	0.26
Basic EPS, GAAP	- -	-1.35	-0.51	0.1	-1.51	-1.53	-0.21	-0.64	-2.03	-0.5	-0.37
Basic EPS from Cont Ops	- -	-1.35	-0.53	0.22	-1.51	-1.53	-0.21	-0.64	-2.03	-0.5	-0.37
Diluted EPS, GAAP	- -	-1.13	-0.42	0.08	-1.26	-1.3	-0.21	-0.64	-2	-0.5	-0.37
Diluted EPS from Cont Ops	- -	-1.13	-0.44	0.18	-1.26	-1.3	-0.21	-0.64	-2	-0.5	-0.37
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	1.93	-0.86	2.02	1.47	-1.08	1.17	1.01	0.03	0.27	0.4
Free Cash Flow per Basic Share	- -	1.93	-0.86	2.02	1.47	-1.08	1.17	1.01	0.03	0.27	0.4
Cash & Equivalents per Share	- -	2.33	2.69	2.1	2.78	2.96	2.69	2.84	2.03	1.76	1.59
Book Value per Share	- -	- -	- -	- -	- -	- -	241.01	-8.09	-8.97	-9.35	-9.69
Tangible Book Value per Share	- -	0.09	1.12	1.53	0.41	-1.1	-0.91	- -	3.91	3.79	3.8

Atlanta Braves Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)