Live Nation Entertainment, Inc. operates as a live entertainment company.
High growth potential with acceptable track record.
Share Price & News
How has Live Nation Entertainment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3LN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3LN matched the German Entertainment industry which returned 38.3% over the past year.
Return vs Market: 3LN exceeded the German Market which returned 15% over the past year.
Price Volatility Vs. Market
How volatile is Live Nation Entertainment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Live Nation Entertainment undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 3LN (€67.5) is trading above our estimate of fair value (€50.2)
Significantly Below Fair Value: 3LN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 3LN is poor value based on its PE Ratio (1724.4x) compared to the Entertainment industry average (44.6x).
PE vs Market: 3LN is poor value based on its PE Ratio (1724.4x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: 3LN is poor value based on its PEG Ratio (36.4x)
Price to Book Ratio
PB vs Industry: 3LN is overvalued based on its PB Ratio (12.1x) compared to the DE Entertainment industry average (1.5x).
How is Live Nation Entertainment forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3LN's forecast earnings growth (47.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: 3LN's earnings (47.3% per year) are forecast to grow faster than the German market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 3LN's revenue (8.7% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: 3LN's revenue (8.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3LN's Return on Equity is forecast to be high in 3 years time (26.1%)
How has Live Nation Entertainment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3LN has high quality earnings.
Growing Profit Margin: 3LN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 3LN has become profitable over the past 5 years, growing earnings by 21.8% per year.
Accelerating Growth: 3LN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 3LN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (26.4%).
Return on Equity
High ROE: 3LN's Return on Equity (6.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Live Nation Entertainment's financial position?
Financial Position Analysis
Short Term Liabilities: 3LN's short term assets ($3.8B) do not cover its short term liabilities ($4.0B).
Long Term Liabilities: 3LN's short term assets ($3.8B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: 3LN's debt to equity ratio (142.1%) is considered high.
Reducing Debt: 3LN's debt to equity ratio has increased from 118.3% to 142.1% over the past 5 years.
Inventory Level: 3LN has a high level of physical assets or inventory.
Debt Coverage by Assets: 3LN's debt is covered by short term assets (assets are 1.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 3LN is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 3LN is profitable, therefore cash runway is not a concern.
What is Live Nation Entertainment's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 3LN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 3LN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 3LN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 3LN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 3LN's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Rapino (53yo)
Mr. Michael Rapino has been the Chief Executive Officer and President of Live Nation Entertainment, Inc. since August 2005. Mr. Rapino serves as Chief Executive Officer and President at Live Nation Merchan ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD11.59M) is above average for companies of similar size in the German market ($USD4.37M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||12.4yrs||US$2.92m||0.11% $16.0m|
|Chief Accounting Officer & Senior VP||12.2yrs||US$582.08k||0.0039% $563.9k|
|Executive VP||13.9yrs||US$2.03m||0.089% $12.7m|
|Senior Vice President of Investor Relations||0yrs||no data||no data|
|Chief Communications Officer||4.4yrs||no data||no data|
|Executive VP & Head of Integrated Marketing||1.5yrs||no data||no data|
|Chief Operating Officer of US Concerts||0yrs||no data||no data|
|Senior Vice President of Field Services - Los Angeles||0yrs||no data||no data|
Experienced Management: 3LN's management team is seasoned and experienced (12.2 years average tenure).
|Independent Director||15.1yrs||US$262.70k||0.064% $9.2m|
|Independent Director||12.4yrs||US$265.70k||0.041% $6.0m|
|Independent Director||14.2yrs||US$283.70k||0.032% $4.5m|
|Non-Executive Chairman of the Board||6.9yrs||US$393.25k||0.042% $6.1m|
|Independent Director||13.2yrs||US$274.70k||0.0059% $848.8k|
|Independent Director||12.4yrs||US$253.70k||0.035% $5.0m|
|Independent Director||11.3yrs||US$259.70k||0.019% $2.7m|
|Independent Director||5.2yrs||US$252.20k||0.012% $1.7m|
Experienced Board: 3LN's board of directors are seasoned and experienced ( 12.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Live Nation Entertainment, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Live Nation Entertainment, Inc.
- Ticker: 3LN
- Exchange: DB
- Founded: 2005
- Industry: Movies and Entertainment
- Sector: Media
- Market Cap: US$15.598b
- Listing Market Cap: US$14.386b
- Shares outstanding: 210.73m
- Website: https://www.livenationentertainment.com
Number of Employees
- Live Nation Entertainment, Inc.
- 9348 Civic Center Drive
- Beverly Hills
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LYV||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 2005|
|3LN||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2005|
|0JVD||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Dec 2005|
|LYV *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Dec 2005|
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content. This segment also provides management and other services to artists. The Sponsorship & Advertising segment sells sponsorships and placement of advertising, including signage, online advertising, and promotional programs, as well as live streaming and music-related content; and ads across its distribution network of venues, events, and Websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events for specific brands. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients, as well as ticket resale services; and offers online access for customers relating to ticket and event information through its primary Websites, livenation.com and ticketmaster.com. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. It sells tickets through Websites, mobile apps, ticket outlets, and telephone call centers. As of December 31, 2018, it owned, operated, or leased 120 entertainment venues and 144 other facilities in North America; and 37 entertainment venues and 118 other facilities internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 21:46|
|End of Day Share Price||2020/02/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.