Live Nation Entertainment
Market Cap
US$7.2b
Last Updated
2020/04/03 05:56 UTC
Data Sources
Company Financials +
Executive Summary
Live Nation Entertainment, Inc. operates as a live entertainment company.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with mediocre 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-28.0%
LYV
-0.6%
US Entertainment
-4.1%
US Market
1 Year Return
-46.1%
LYV
-3.0%
US Entertainment
-14.9%
US Market
Return vs Industry: LYV underperformed the US Entertainment industry which returned -3.8% over the past year.
Return vs Market: LYV underperformed the US Market which returned -13.6% over the past year.
Shareholder returns
| LYV | Industry | Market | |
|---|---|---|---|
| 7 Day | -28.0% | -0.6% | -4.1% |
| 30 Day | -43.2% | -10.8% | -19.1% |
| 90 Day | -52.6% | -14.4% | -23.4% |
| 1 Year | -46.1%-46.1% | -2.1%-3.0% | -13.2%-14.9% |
| 3 Year | 8.7%8.7% | 28.4%24.3% | 10.7%3.5% |
| 5 Year | 31.6%31.6% | 62.2%52.2% | 28.5%14.5% |
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
Can You Imagine How Live Nation Entertainment's (NYSE:LYV) Shareholders Feel About The 79% Share Price Increase?3 weeks ago | Simply Wall St
Ariel Emanuel Is The Independent Director of Live Nation Entertainment, Inc. (NYSE:LYV) And They Just Sold 97% Of Their Shares1 month ago | Simply Wall St
Why Live Nation Entertainment, Inc.’s (NYSE:LYV) Return On Capital Employed Might Be A ConcernValuation
Is Live Nation Entertainment undervalued compared to its fair value and its price relative to the market?
28.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LYV ($38.88) is trading below our estimate of fair value ($48.44)
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 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 (7.2x) compared to the US Entertainment industry average (1.9x).
Next Steps
Future Growth
How is Live Nation Entertainment forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
52.6%
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 (1.7%).
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 (7.5% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: LYV's revenue (7.5% per year) is forecast to grow slower 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 (27%)
Next Steps
Past Performance
How has Live Nation Entertainment performed over the past 5 years?
32.6%
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, but has reduced losses over the past 5 years at a rate of 32.6% 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 (10.3%).
Return on Equity
High ROE: LYV has a negative Return on Equity (6.18%), 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 ($4.2B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: LYV's short term assets ($4.2B) do not cover its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: LYV's debt to equity ratio (172.7%) is considered high.
Reducing Debt: LYV's debt to equity ratio has increased from 123.7% to 172.7% over the past 5 years.
Balance Sheet
Inventory Level: LYV has a high level of physical assets or inventory.
Debt Coverage by Assets: LYV's debt is covered by short term assets (assets are 1.3x 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: 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, due to free cash flow being positive and growing by 10.9% per year.
Next Steps
Dividend
What is Live Nation Entertainment's 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 payouts.
High Dividend: Unable to evaluate LYV'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 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?
12.3yrs
Average management tenure
CEO
Michael Rapino (53yo)
14.67s
Tenure
US$11,591,603
Compensation
Mr. Michael Rapino has been the Chief Executive Officer and President of Live Nation Entertainment, Inc. since August 2005. Mr. Rapino serves as Chief Executive Officer and President at Live Nation Merchan ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD11.59M) is above average for companies of similar size in the US market ($USD7.59M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.67yrs | US$11.59m | 1.15% $82.2m | |
| President | 2.33yrs | US$4.01m | 0.40% $28.7m | |
| Chief Financial Officer | 12.58yrs | US$2.92m | 0.13% $9.0m | |
| Chief Accounting Officer & Senior VP | 12.33yrs | US$582.08k | 0.0047% $334.5k | |
| Executive VP | 14.08yrs | US$2.03m | 0.092% $6.6m | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Chief Communications Officer | 4.58yrs | no data | no data | |
| Executive VP & Head of Integrated Marketing | 1.67yrs | 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 |
12.3yrs
Average Tenure
53yo
Average Age
Experienced Management: LYV's management team is seasoned and experienced (12.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.67yrs | US$11.59m | 1.15% $82.2m | |
| Independent Director | 15.25yrs | US$262.70k | 0.064% $4.6m | |
| Independent Director | 12.58yrs | US$265.70k | 0.043% $3.1m | |
| Independent Director | 14.33yrs | US$283.70k | 0.032% $2.3m | |
| Non-Executive Chairman of the Board | 7.08yrs | US$393.25k | 0.042% $3.0m | |
| Independent Director | 13.33yrs | US$274.70k | 0.0059% $422.6k | |
| Independent Director | 12.58yrs | US$253.70k | 0.0011% $80.9k | |
| Director | 10.25yrs | US$244.70k | 0.023% $1.7m | |
| Independent Director | 11.42yrs | US$259.70k | 0.019% $1.3m | |
| Independent Director | 5.33yrs | US$252.20k | 0.012% $845.8k |
12.6yrs
Average Tenure
59yo
Average Age
Experienced Board: LYV's board of directors are seasoned and experienced ( 12.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LYV insiders have sold more shares than they have bought 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$7.162b
- Shares outstanding: 210.96m
- 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 |
Biography
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 | 2020/04/03 05:56 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| 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.