Live Nation Entertainment
Market Cap
US$10.5b
Last Updated
2020/10/30 03:56 UTC
Data Sources
Company Financials +
Executive Summary
Live Nation Entertainment, Inc. operates as a live entertainment company. More Details
Rewards
Risk Analysis
No risks detected for LYV from our risk checks.
Snowflake Analysis
High growth potential with imperfect balance sheet.
Similar Companies
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: LYV has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-13.1%
LYV
-1.0%
US Entertainment
-4.1%
US Market
1 Year Return
-24.8%
LYV
33.7%
US Entertainment
12.0%
US Market
Return vs Industry: LYV underperformed the US Entertainment industry which returned 33.7% over the past year.
Return vs Market: LYV underperformed the US Market which returned 12% over the past year.
Shareholder returns
| LYV | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.1% | -1.0% | -4.1% |
| 30 Day | -7.8% | 0.3% | -0.2% |
| 90 Day | 6.1% | 4.0% | 2.8% |
| 1 Year | -24.8%-24.8% | 34.2%33.7% | 14.6%12.0% |
| 3 Year | 13.4%13.4% | 71.1%67.6% | 35.8%26.8% |
| 5 Year | 87.6%87.6% | 88.4%79.8% | 75.2%55.6% |
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
1 week ago | Simply Wall St
Live Nation Entertainment, Inc.'s (NYSE:LYV) Shift From Loss To Profit4 weeks ago | Simply Wall St
Who Has Been Selling Live Nation Entertainment, Inc. (NYSE:LYV) Shares?1 month ago | Simply Wall St
Calculating The Fair Value Of Live Nation Entertainment, Inc. (NYSE:LYV)Valuation
Is Live Nation Entertainment undervalued compared to its fair value and its price relative to the market?
13.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LYV ($49.67) is trading below our estimate of fair value ($57.5)
Significantly Below Fair Value: LYV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LYV is unprofitable, so we can't compare its PE Ratio to the US Entertainment industry average.
PE vs Market: LYV is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LYV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LYV is overvalued based on its PB Ratio (30.8x) compared to the US Entertainment industry average (3.4x).
Next Steps
Future Growth
How is Live Nation Entertainment forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
89.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LYV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: LYV is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LYV's is expected to become profitable in the next 3 years.
Revenue vs Market: LYV's revenue (35% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: LYV's revenue (35% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LYV is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Live Nation Entertainment performed over the past 5 years?
-30.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LYV is currently unprofitable.
Growing Profit Margin: LYV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LYV is unprofitable, and losses have increased over the past 5 years at a rate of 30.4% per year.
Accelerating Growth: Unable to compare LYV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LYV is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (44.6%).
Return on Equity
High ROE: LYV has a negative Return on Equity (-75.08%), as it is currently unprofitable.
Next Steps
Financial Health
How is Live Nation Entertainment's financial position?
Financial Position Analysis
Short Term Liabilities: LYV's short term assets ($4.4B) exceed its short term liabilities ($3.5B).
Long Term Liabilities: LYV's short term assets ($4.4B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: LYV's debt to equity ratio (484.4%) is considered high.
Reducing Debt: LYV's debt to equity ratio has increased from 120% to 484.4% over the past 5 years.
Balance Sheet
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: LYV has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LYV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Live Nation Entertainment current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LYV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LYV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LYV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LYV'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 LYV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.0yrs
Average management tenure
CEO
Michael Rapino (54 yo)
15.17yrs
Tenure
US$14,563,122
Compensation
Mr. Michael Rapino has been the Chief Executive Officer and President of Live Nation Entertainment, Inc. since August 2005. Mr. Rapino serves as Chief Executive Officer and President at Live Nation Merchan ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD14.56M) is about average for companies of similar size in the US market ($USD11.21M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.17yrs | US$14.56m | 1.21% $ 127.8m | |
| President | 2.83yrs | US$4.03m | 0.40% $ 41.9m | |
| Chief Financial Officer | 13.08yrs | US$2.94m | 0.12% $ 12.8m | |
| Chief Accounting Officer & Senior VP | 12.83yrs | US$616.91k | 0.0046% $ 489.9k | |
| Executive VP | 14.58yrs | US$2.05m | 0.091% $ 9.6m | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Chief Communications Officer | 5.08yrs | no data | no data | |
| Executive VP & Head of Integrated Marketing | 2.17yrs | no data | no data | |
| Chief Operating Officer of US Concerts | no data | no data | no data | |
| Senior Vice President of Field Services - Los Angeles | no data | no data | no data | |
| President of Sponsorship & Advertising Division | no data | no data | no data | |
| Chairman of Global Music Group & President of Global Touring Division | 15.75yrs | no data | no data |
13.0yrs
Average Tenure
54yo
Average Age
Experienced Management: LYV's management team is seasoned and experienced (13 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.17yrs | US$14.56m | 1.21% $ 127.8m | |
| Independent Director | 15.75yrs | US$255.58k | 0.066% $ 6.9m | |
| Independent Director | 13.08yrs | US$258.58k | 0.045% $ 4.7m | |
| Independent Director | 14.83yrs | US$276.58k | 0.032% $ 3.4m | |
| Non-Executive Chairman of the Board | 7.58yrs | US$379.28k | 0.045% $ 4.8m | |
| Independent Director | 2.33yrs | US$258.58k | 0.0059% $ 617.4k | |
| Independent Director | 13.08yrs | US$246.58k | 0.0032% $ 340.3k | |
| Independent Director | 11.92yrs | US$252.58k | 0.021% $ 2.2m | |
| Independent Director | 2.33yrs | US$237.58k | 0.0048% $ 506.8k | |
| Independent Director | 5.83yrs | US$252.58k | 0.014% $ 1.5m | |
| Independent Director | 1.83yrs | US$237.58k | 0.0048% $ 502.6k | |
| Independent Director | 0.33yr | no data | 0.0021% $ 222.3k |
9.8yrs
Average Tenure
57.5yo
Average Age
Experienced Board: LYV's board of directors are considered experienced (9.8 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Live Nation Entertainment, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Live Nation Entertainment, Inc.
- Ticker: LYV
- Exchange: NYSE
- Founded: 2005
- Industry: Movies and Entertainment
- Sector: Media
- Market Cap: US$10.536b
- Shares outstanding: 212.13m
- Website: https://www.livenationentertainment.com
Number of Employees
Location
- Live Nation Entertainment, Inc.
- 9348 Civic Center Drive
- Beverly Hills
- California
- 90210
- United States
Listings
| 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 |
| L1YV34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 5 REPR 1 COM NPV | BR | BRL | Oct 2020 |
Biography
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 03:56 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.