Live Nation Entertainment
Market Cap
US$19.1b
Last Updated
2021/09/18 22:07 UTC
Data Sources
Company Financials +
Executive Summary
Live Nation Entertainment, Inc. operates as a live entertainment company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Exceptional 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 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.
Market Performance
7 Day Return
0.9%
LYV
-1.3%
US Entertainment
-0.6%
US Market
1 Year Return
52.4%
LYV
30.1%
US Entertainment
33.8%
US Market
Return vs Industry: LYV exceeded the US Entertainment industry which returned 30.1% over the past year.
Return vs Market: LYV exceeded the US Market which returned 33.8% over the past year.
Shareholder returns
| LYV | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -1.3% | -0.6% |
| 30 Day | 9.2% | 5.4% | 1.6% |
| 90 Day | 1.4% | 0.8% | 4.6% |
| 1 Year | 52.4%52.4% | 30.3%30.1% | 35.8%33.8% |
| 3 Year | 62.6%62.6% | 82.3%80.2% | 60.0%50.1% |
| 5 Year | 216.3%216.3% | 147.5%138.3% | 123.0%98.7% |
Long-Term 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
3 days ago | Simply Wall St
Should You Think About Buying Live Nation Entertainment, Inc. (NYSE:LYV) Now?3 weeks ago | Simply Wall St
Insiders at Live Nation Entertainment, Inc. (NYSE:LYV) sold US$4.2m worth of stock, possibly indicating weakness in the future1 month ago | Simply Wall St
A Look At 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?
9.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LYV ($86.83) is trading below our estimate of fair value ($95.84)
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 15 analysts?
61.3%
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 (30.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: LYV's revenue (30.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LYV's Return on Equity is forecast to be high in 3 years time (21.2%)
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?
6.0yrs
Average management tenure
CEO
Michael Rapino (55 yo)
16.08yrs
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 ($USD11.36M).
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 years average tenure).
Board Members
Experienced Board: LYV's board of directors are considered experienced (7.6 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 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$19.088b
- 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
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 | 2021/09/18 22:07 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.