Added to YB: 2024-06-05
Pitch date: 2024-06-05
TKO [neutral]
TKO Group Holdings, Inc.
+81.22%
current return
Author Info
No bio for this author
Company Info
TKO Group Holdings, Inc. operates as a sports and entertainment company. The company operates through three segments: UFC, WWE and IMG.
Market Cap
$13.8B
Pitch Price
$105.75
Price Target
N/A
Dividend
1.70%
EV/EBITDA
15.66
P/E
68.22
EV/Sales
4.56
Sector
Entertainment
Category
growth
TKO Group Holdings: Strong Content, High Margins, and Strategic Partnerships
TKO (UFC/WWE) impresses with high-quality content primed for growth. Media rights renewal in 2025, Netflix partnership, live events flywheel, and sponsorships drive revenue. High visibility into future cash flows with ~2/3 from multi-year contracts. 40%+ EBITDA margins and merger synergies. Risks: lofty expectations post-NBA deal and complex corporate structure with Endeavor/Silver Lake control. 20-25x LFCF multiple reasonable.
Read full article (2 min)