企業概要
TKO Group Holdings, Inc. operates as a prominent sports and entertainment company, generating revenue through three distinct segments: UFC, WWE, and IMG. Within the Communication Services sector and specifically the Entertainment industry, the company leverages its portfolio to distribute programming content, manage ticket sales for global live events, and secure strategic partnerships and marketing deals. The organization employs approximately 4,000 individuals and holds a market capitalization of $15.55 billion with annual revenue reaching $4.74 billion. These valuation and revenue figures indicate that TKO Group Holdings is a large-cap entity with significant scale within the entertainment landscape, reflecting substantial market presence and operational breadth compared to smaller niche operators.
財務健全性
The company reported a trailing twelve-month revenue of $4.74 billion and net income of $195.40 million, resulting in an EBITDA of $1.38 billion. The substantial gap between the total revenue and net income reveals a cost structure where operating expenses, including content production and distribution costs, consume a significant portion of gross receipts before reaching the bottom line. Free cash flow stands at $759.96 million, which indicates a strong capacity for financial flexibility to fund operations, service debt, or pursue strategic investments without immediate reliance on external capital markets. The gross margin is recorded at 59.8%, suggesting a pricing power or cost advantage in delivering high-margin content, while the operating margin of 9.8% and profit margin of 4.1% highlight the operational efficiency required to cover overhead and taxes. On the balance sheet, the company holds $831.10 million in cash against $4.06 billion in debt, with a debt-to-equity ratio of 43.92%, indicating a leveraged capital structure that utilizes financial leverage to enhance returns while maintaining solvency. The current ratio of 1.26 suggests adequate short-term liquidity to cover current liabilities with current assets, though the margin is not excessively high. Return on equity is 5.6% and return on assets is 3.6%, metrics that reveal moderate management effectiveness in generating returns relative to the equity invested and the total asset base utilized.
バリュエーション評価
The trailing P/E ratio is 86.81 while the forward P/E is 52.69, implying that the market expects earnings growth that will significantly compress the valuation multiple over the coming period. The price-to-book ratio stands at 4.10, indicating that the market values the company at a substantial premium over its tangible book value, likely due to intangible assets and brand equity inherent in sports and entertainment properties. Alternative valuation metrics show a price-to-sales ratio of 3.28 and an EV/EBITDA of 17.52, suggesting that the stock is priced higher than its sales revenue and enterprise value relative to earnings suggest, reflecting high growth expectations or intangible value drivers. The 52-week high is $226.94 and the low is $136.11, meaning the current trading price sits within a wide range but requires reference to the specific market price to determine the exact percentage deviation from these extremes. With a beta of 0.41, the stock exhibits lower price volatility relative to the broader market, suggesting it may offer a more stable investment profile compared to high-beta equities in the entertainment sector.
Growth & Income
Revenue growth for the trailing twelve months is 11.9% year over year, while earnings growth is not available for comparison, preventing a direct assessment of whether profitability is expanding faster than top-line sales. As a dividend payer, the company offers a dividend yield of 1.6% with a payout ratio of 101.8%, indicating that dividends currently exceed reported net income, which requires scrutiny regarding sustainability if earnings do not improve significantly. Since the earnings growth data is unavailable, the analysis relies on the revenue expansion to infer potential future income generation capabilities. Overall, the growth and income profile combines double-digit revenue expansion with a high-yield dividend policy that currently pushes the payout ratio above 100%, presenting a trade-off between current income distribution and future dividend sustainability.