Atlanta Braves (BATRA)
Market Price (12/4/2025): $42.52 | Market Cap: $2.7 BilSector: Communication Services | Industry: Movies & Entertainment
Atlanta Braves (BATRA)
Market Price (12/4/2025): $42.52Market Cap: $2.7 BilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Low stock price volatilityVol 12M is 19% | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -34% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 53x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 103x |
| Megatrend and thematic driversMegatrends include Sports & Live Entertainment. Themes include Live Events & Spectator Sports, Sports Media Rights, and Fan Engagement & Merchandise. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.9% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% |
| Low stock price volatilityVol 12M is 19% |
| Megatrend and thematic driversMegatrends include Sports & Live Entertainment. Themes include Live Events & Spectator Sports, Sports Media Rights, and Fan Engagement & Merchandise. |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -34% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 53x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 103x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.9% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% |
Valuation, Metrics & Events
BATRA Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
The following are key points that could contribute to a significant stock movement for Atlanta Braves Holdings (BATRA) in the approximate time period from August 31, 2025, to December 4, 2025:
1. On-field performance of the Atlanta Braves baseball team.
The success or failure of a sports team on the field is a significant factor influencing its share price. Poor performance, early elimination from competitions, or a decline in popularity can negatively impact fan engagement, sponsorships, and overall brand value, potentially leading to a decrease in stock price.
2. General market trends and investor sentiment.
The stock performance of companies like Atlanta Braves Holdings can be affected by broader market conditions, economic downturns, or shifts in investor sentiment towards the entertainment and sports sectors.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BATRA Return | -16% | 23% | 0% | 40% | -5% | 4% | 43% |
| Peers Return | -12% | 17% | -26% | -17% | -38% | 37% | -47% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| BATRA Win Rate | 42% | 42% | 0% | 25% | 33% | 40% | |
| Peers Win Rate | 50% | 52% | 35% | 48% | 45% | 46% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| BATRA Max Drawdown | -54% | 0% | 0% | 0% | -7% | -4% | |
| Peers Max Drawdown | -56% | -7% | -37% | -44% | -52% | -26% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: SBGI, SCHL, GTN, AMCX, SSP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | BATRA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -22.4% | -25.4% |
| % Gain to Breakeven | 28.8% | 34.1% |
| Time to Breakeven | 700 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -53.9% | -33.9% |
| % Gain to Breakeven | 116.8% | 51.3% |
| Time to Breakeven | 327 days | 148 days |
| 2018 Correction | ||
| % Loss | -17.6% | -19.8% |
| % Gain to Breakeven | 21.3% | 24.7% |
| Time to Breakeven | 232 days | 120 days |
Compare to SBGI, SCHL, GTN, AMCX, SSP
In The Past
Atlanta Braves's stock fell -22.4% during the 2022 Inflation Shock from a high on 3/17/2021. A -22.4% loss requires a 28.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to BATRA. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | 0.0% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.3% | 1.3% | 0.0% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.5% | -0.5% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -22.5% | -22.5% | -25.6% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | 0.0% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.3% | 1.3% | 0.0% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.5% | -0.5% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -22.5% | -22.5% | -25.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Atlanta Braves
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.07 |
| Mkt Cap | 0.6 |
| Rev LTM | 2,318 |
| Op Inc LTM | 297 |
| FCF LTM | 167 |
| FCF 3Y Avg | 156 |
| CFO LTM | 225 |
| CFO 3Y Avg | 228 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -2.1% |
| Rev Chg 3Y Avg | -0.8% |
| Rev Chg Q | -11.0% |
| QoQ Delta Rev Chg LTM | -2.9% |
| Op Mgn LTM | 11.2% |
| Op Mgn 3Y Avg | 9.3% |
| QoQ Delta Op Mgn LTM | -2.3% |
| CFO/Rev LTM | 7.8% |
| CFO/Rev 3Y Avg | 8.4% |
| FCF/Rev LTM | 5.8% |
| FCF/Rev 3Y Avg | 5.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.6 |
| P/S | 0.2 |
| P/EBIT | 3.3 |
| P/E | -13.0 |
| P/CFO | 2.5 |
| Total Yield | 2.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 41.4% |
| D/E | 4.8 |
| Net D/E | 3.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.8% |
| 3M Rtn | 13.8% |
| 6M Rtn | 37.1% |
| 12M Rtn | 8.6% |
| 3Y Rtn | -40.7% |
| 1M Excs Rtn | 8.8% |
| 3M Excs Rtn | 9.3% |
| 6M Excs Rtn | 22.4% |
| 12M Excs Rtn | -5.3% |
| 3Y Excs Rtn | -111.6% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11052025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5122025 | 10-Q 3/31/2025 |
| 12312024 | 3032025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5082024 | 10-Q 3/31/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11062023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
External Quote Links
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