Atlanta Braves Holdings Inc. Series C Common Stock (BATRK)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a Graham-style bargain hunter: I want durable assets, honest earnings, and a margin of safety. Atlanta Braves Holdings owns a rare Major League Baseball club plus The Battery Atlanta mixed-use development. That scarcity can be valuable, and revenue rose from $640.7M in fiscal year 2023 (the year ended 2023-12-31) to $732.5M in fiscal year 2025 (the year ended 2025-12-31). But the bottom line is poor: net income was -$125.3M in fiscal year 2023 (the year ended 2023-12-31), -$31.3M in fiscal year 2024 (the year ended 2024-12-31), and -$23.4M in fiscal year 2025 (the year ended 2025-12-31). In fiscal Q1 2026 (the quarter ended 2026-03-31), revenue was $72.0M and net income was -$40.5M. In fiscal Q2 2026 (the quarter ended 2026-06-30), revenue was $305.1M and net income was -$12.2M. Free cash flow is -$94.9M trailing twelve months, a -2.8% FCF yield, by FairStock calculation. Debt/equity is 1.70, ROE is -12.03%, ROCE is -1.41%, and the Altman Z-Score of 1.09 suggests financial stress. The Piotroski F-Score is only 4/9. At the 2026-10-13 close of $52.50, FairStock calculations show P/B of 6.55 and EV/EBITDA of 78.93. A negative P/E of -52.50 and a 26/100 FairStock Score tell me the market is paying a rich price for a business that has not proven it can earn consistent profits. The FairStock Lynch category is none because it has lost money in each of the last four years. The franchise may be valuable, but I see no margin of safety today. Growth must come from turning revenue into actual owner earnings and reducing leverage.

In plain English: Atlanta Braves Holdings owns the Atlanta Braves baseball team and the mixed-use development around its ballpark called The Battery Atlanta. The business currently looks weak because it has been losing money and using cash, and revenue slipped in the latest quarter. At $52.50 a share, the price looks expensive compared with its losses and accounting value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer