COMP <GO>

MANU vs MSGE // EV/EBITDA & P/E VALUATION

Manchester United Ltd. (Class A) (NYSE) VS. Madison Square Garden Entertainment Corp. (Class A) (NYSE) • 15-METRIC TALLY: MANU 1 — MSGE 1

■ METRIC PARITY

LAST: $20.98 (+1.01%) • MKT CAP: $3.62B

valuation

—

LAST: $81.08 (+2.57%) • MKT CAP: $3.85B

valuation

34.8x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MANU VS. MSGE) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	MANU	MSGE	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	22.20%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	34.8x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	3.00%	—	TIE	/fcf-yield <GO>
Operating Margin	—	13.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	4.00%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-1.70%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	2.07	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	4/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	55.8	53.2	+2.61	MANU	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	95.5x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.62B	$3.85B	-$226.4M	MSGE	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	MANU REV	MSGE REV	MANU GROSS %	MSGE GROSS %	MANU FCF	MSGE FCF
FY 2025	—	$942.7M	—	—	—	$115.3M
FY 2024	—	$959.3M	—	—	—	$111.3M
FY 2023	—	$779.8M	—	—	—	$135.7M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MANU // BETA —

MSGE // BETA —