company background image
LYV

Live Nation EntertainmentNYSE:LYV Stock Report

Market Cap

US$22.0b

7D

0.6%

1Y

81.3%

Updated

20 Oct, 2021

Data

Company Financials +
LYV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

LYV Overview

Live Nation Entertainment, Inc. operates as a live entertainment company.

Live Nation Entertainment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Live Nation Entertainment
Historical stock prices
Current Share PriceUS$100.26
52 Week HighUS$47.97
52 Week LowUS$102.85
Beta1.28
1 Month Change15.59%
3 Month Change27.23%
1 Year Change81.34%
3 Year Change103.45%
5 Year Change262.34%
Change since IPO807.33%

Recent News & Updates

Sep 15
Should You Think About Buying Live Nation Entertainment, Inc. (NYSE:LYV) Now?

Should You Think About Buying Live Nation Entertainment, Inc. (NYSE:LYV) Now?

Today we're going to take a look at the well-established Live Nation Entertainment, Inc. ( NYSE:LYV ). The company's...

Jul 26
A Look At The Fair Value Of Live Nation Entertainment, Inc. (NYSE:LYV)

A Look At The Fair Value Of Live Nation Entertainment, Inc. (NYSE:LYV)

In this article we are going to estimate the intrinsic value of Live Nation Entertainment, Inc. ( NYSE:LYV ) by taking...

Jul 21

Live Nation Entertainment: The Company Will Bleed Money If We See Future Lockdowns

The release of vaccines caused LYV to surge in price (+21.16%) during early November, along with other companies that were beaten down from COVID. However, whilst analysts remain optimistic because of growing PMIs and vaccination rates, this optimism is dissociated from the reality of political policy. It is clear that we are dealing with a virus which will constantly mutate, and irrespective of lethality, the go-to policy for the political class is greater restrictions. If the US government decides to emulate these policies again, which are being utilized by the rest-of-world, it will lead to severe financial distress for LYV.

Shareholder Returns

LYVUS EntertainmentUS Market
7D0.6%1.5%3.8%
1Y81.3%29.2%31.5%

Return vs Industry: LYV exceeded the US Entertainment industry which returned 29.2% over the past year.

Return vs Market: LYV exceeded the US Market which returned 30.5% over the past year.

Price Volatility

Is LYV's price volatile compared to industry and market?
LYV volatility
LYV Beta1.28
Industry Beta1.05
Market Beta1

Stable Share Price: LYV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LYV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20058,200Michael Rapinohttps://www.livenationentertainment.com

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 its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

Live Nation Entertainment Fundamentals Summary

How do Live Nation Entertainment's earnings and revenue compare to its market cap?
LYV fundamental statistics
Market CapUS$22.04b
Earnings (TTM)-US$1.46b
Revenue (TTM)US$1.29b

17.1x

P/S Ratio

-15.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LYV income statement (TTM)
RevenueUS$1.29b
Cost of RevenueUS$711.11m
Gross ProfitUS$576.85m
ExpensesUS$2.04b
Earnings-US$1.46b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-6.65
Gross Margin44.79%
Net Profit Margin-113.43%
Debt/Equity Ratio-1,624.4%

How did LYV perform over the long term?

See historical performance and comparison

Valuation

Is Live Nation Entertainment undervalued compared to its fair value and its price relative to the market?

5.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LYV ($100.26) is trading below our estimate of fair value ($106.04)

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 has negative assets, so we can't compare its PB Ratio to the US Entertainment industry average.


Future Growth

How is Live Nation Entertainment forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

61.6%

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%).

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 (30.5% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: LYV's revenue (30.5% 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.


Past Performance

How has Live Nation Entertainment performed over the past 5 years?

-79.3%

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 79.3% 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 (10.8%).


Return on Equity

High ROE: LYV's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Live Nation Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: LYV has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: LYV has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: LYV has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: LYV's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: Whilst unprofitable LYV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: LYV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 36.5% per year.


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?

6.1yrs

Average management tenure


CEO

Michael Rapino (55 yo)

16.17yrs

Tenure

US$4,781,510

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 ($USD4.78M) is below average for companies of similar size in the US market ($USD11.17M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LYV's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: LYV's board of directors are considered experienced (6.8 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 been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Live Nation Entertainment, Inc.'s 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$22.041b
  • Shares outstanding: 219.83m
  • Website: https://www.livenationentertainment.com

Number of Employees


Location

  • Live Nation Entertainment, Inc.
  • 9348 Civic Center Drive
  • Beverly Hills
  • California
  • 90210
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 23:16
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.