NOT FOR DISTRIBUTION
Header cover image

Live Nation Entertainment

Market Cap

US$17.2b

Last Updated

2021/05/07 03:07 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

High growth potential and overvalued.


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

-9.1%

LYV

-4.7%

US Entertainment

-1.7%

US Market


1 Year Return

90.8%

LYV

58.2%

US Entertainment

51.8%

US Market

Return vs Industry: LYV exceeded the US Entertainment industry which returned 60.4% over the past year.

Return vs Market: LYV exceeded the US Market which returned 52.8% over the past year.


Shareholder returns

LYVIndustryMarket
7 Day-9.1%-4.7%-1.7%
30 Day-15.5%-6.8%1.5%
90 Day1.0%-11.3%3.1%
1 Year90.8%90.8%58.4%58.2%54.4%51.8%
3 Year75.5%75.5%89.2%86.5%63.0%52.8%
5 Year226.0%226.0%157.0%146.3%127.2%101.9%

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

Valuation

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

1.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LYV ($75.12) is trading below our estimate of fair value ($76.22)

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 12 analysts?

74.7%

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 (32.1% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: LYV's revenue (32.1% 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 low in 3 years time (18.1%).


Past Performance

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

-79.5%

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 79.5% 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 (46.6%).


Return on Equity

High ROE: LYV has a negative Return on Equity (-1317.83%), as it is currently unprofitable.


Financial Health

How is Live Nation Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: LYV's short term assets ($3.6B) do not cover its short term liabilities ($3.8B).

Long Term Liabilities: LYV's short term assets ($3.6B) do not cover its long term liabilities ($6.7B).


Debt to Equity History and Analysis

Debt Level: LYV's debt to equity ratio (3536%) is considered high.

Reducing Debt: LYV's debt to equity ratio has increased from 119.6% to 3536% 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 a year 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.


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?

13.4yrs

Average management tenure


CEO

Michael Rapino (54 yo)

15.75yrs

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 ($USD4.78M) is below average for companies of similar size in the US market ($USD11.15M).

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 (13.4 years average tenure).


Board Members

Experienced Board: LYV's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LYV insiders have only sold shares 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$17.226b
  • Shares outstanding: 218.68m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 03:07
End of Day Share Price2021/05/06 00:00
Earnings2020/12/31
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.