| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
LYV Overview
Live Nation Entertainment, Inc. operates as a live entertainment company.
Live Nation Entertainment Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$100.26 |
| 52 Week High | US$47.97 |
| 52 Week Low | US$102.85 |
| Beta | 1.28 |
| 1 Month Change | 15.59% |
| 3 Month Change | 27.23% |
| 1 Year Change | 81.34% |
| 3 Year Change | 103.45% |
| 5 Year Change | 262.34% |
| Change since IPO | 807.33% |
Recent News & Updates
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...
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...
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
| LYV | US Entertainment | US Market | |
|---|---|---|---|
| 7D | 0.6% | 1.5% | 3.8% |
| 1Y | 81.3% | 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
| LYV volatility | |
|---|---|
| LYV Beta | 1.28 |
| Industry Beta | 1.05 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 8,200 | Michael Rapino | https://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
| LYV fundamental statistics | |
|---|---|
| Market Cap | US$22.04b |
| Earnings (TTM) | -US$1.46b |
| Revenue (TTM) | US$1.29b |
17.1x
P/S Ratio-15.1x
P/E RatioIs LYV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LYV income statement (TTM) | |
|---|---|
| Revenue | US$1.29b |
| Cost of Revenue | US$711.11m |
| Gross Profit | US$576.85m |
| Expenses | US$2.04b |
| Earnings | -US$1.46b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -6.65 |
| Gross Margin | 44.79% |
| Net Profit Margin | -113.43% |
| Debt/Equity Ratio | -1,624.4% |
How did LYV perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/20 23:16 |
| End of Day Share Price | 2021/10/20 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.