LIVE NATION ENTERTAINMENT IN (LYV) Stock Fundamental Analysis
NYSE:LYV - New York Stock Exchange, Inc. - US5380341090 - Common Stock - Currency: USD
Overall LYV gets a fundamental rating of 4 out of 10. We evaluated LYV against 72 industry peers in the Entertainment industry. While LYV is still in line with the averages on profitability rating, there are concerns on its financial health. LYV is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
LYV had positive earnings in the past year.
LYV had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: LYV reported negative net income in multiple years.
LYV had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.29%, LYV belongs to the top of the industry, outperforming 80.56% of the companies in the same industry.
With an excellent Return On Equity value of 372.82%, LYV belongs to the best of the industry, outperforming 98.61% of the companies in the same industry.
LYV's Return On Invested Capital of 9.54% is amongst the best of the industry. LYV outperforms 83.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LYV is significantly below the industry average of 82.14%.
The last Return On Invested Capital (9.54%) for LYV is above the 3 year average (8.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.29% | ||
| ROE | 372.82% | ||
| ROIC | 9.54% |
ROA(3y)1.93%
ROA(5y)-3.03%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)8.42%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 2.79%, LYV is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
LYV's Operating Margin of 5.50% is fine compared to the rest of the industry. LYV outperforms 73.61% of its industry peers.
LYV's Operating Margin has improved in the last couple of years.
The Gross Margin of LYV (25.19%) is worse than 69.44% of its industry peers.
LYV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.5% | ||
| PM (TTM) | 2.79% | ||
| GM | 25.19% |
OM growth 3YN/A
OM growth 5Y12.63%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.42%
GM growth 5Y-1.47%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LYV is still creating some value.
The number of shares outstanding for LYV has been increased compared to 1 year ago.
The number of shares outstanding for LYV has been increased compared to 5 years ago.
LYV has a better debt/assets ratio than last year.
2.2 Solvency
LYV has an Altman-Z score of 2.19. This is not the best score and indicates that LYV is in the grey zone with still only limited risk for bankruptcy at the moment.
LYV has a better Altman-Z score (2.19) than 72.22% of its industry peers.
LYV has a debt to FCF ratio of 6.02. This is a slightly negative value and a sign of low solvency as LYV would need 6.02 years to pay back of all of its debts.
LYV has a better Debt to FCF ratio (6.02) than 75.00% of its industry peers.
A Debt/Equity ratio of 35.65 is on the high side and indicates that LYV has dependencies on debt financing.
The Debt to Equity ratio of LYV (35.65) is worse than 73.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.65 | ||
| Debt/FCF | 6.02 | ||
| Altman-Z | 2.19 |
ROIC/WACC1.2
WACC7.93%
2.3 Liquidity
A Current Ratio of 0.99 indicates that LYV may have some problems paying its short term obligations.
LYV has a Current ratio of 0.99. This is comparable to the rest of the industry: LYV outperforms 52.78% of its industry peers.
A Quick Ratio of 0.99 indicates that LYV may have some problems paying its short term obligations.
LYV's Quick ratio of 0.99 is in line compared to the rest of the industry. LYV outperforms 54.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 109.23% over the past year.
LYV shows a small growth in Revenue. In the last year, the Revenue has grown by 1.78%.
The Revenue has been growing by 14.93% on average over the past years. This is quite good.
EPS 1Y (TTM)109.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%144.8%
Revenue 1Y (TTM)1.78%
Revenue growth 3Y54.59%
Revenue growth 5Y14.93%
Sales Q2Q%-2.69%
3.2 Future
LYV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.31% yearly.
LYV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.13% yearly.
EPS Next Y-0.76%
EPS Next 2Y10.66%
EPS Next 3Y11.57%
EPS Next 5Y13.31%
Revenue Next Year13.47%
Revenue Next 2Y11.22%
Revenue Next 3Y10.77%
Revenue Next 5Y9.13%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 46.77, LYV can be considered very expensive at the moment.
72.22% of the companies in the same industry are more expensive than LYV, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.29. LYV is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 47.13, which means the current valuation is very expensive for LYV.
68.06% of the companies in the same industry are more expensive than LYV, based on the Price/Forward Earnings ratio.
LYV's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.77 | ||
| Fwd PE | 47.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LYV is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
LYV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LYV is cheaper than 70.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.75 | ||
| EV/EBITDA | 16.47 |
4.3 Compensation for Growth
LYV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.66%
EPS Next 3Y11.57%
5. Dividend
5.1 Amount
No dividends for LYV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
127.22
+1.76 (+1.4%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners73.97%
Inst Owner Change0%
Ins Owners2.52%
Ins Owner Change1.34%
Market Cap29.69B
Analysts81.54
Price Target169.49 (33.23%)
Short Float %8.49%
Short Ratio5.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)76.16%
Min EPS beat(2)3.09%
Max EPS beat(2)149.23%
EPS beat(4)2
Avg EPS beat(4)-5.69%
Min EPS beat(4)-170.23%
Max EPS beat(4)149.23%
EPS beat(8)5
Avg EPS beat(8)12.44%
EPS beat(12)9
Avg EPS beat(12)18.18%
EPS beat(16)12
Avg EPS beat(16)41.71%
Revenue beat(2)1
Avg Revenue beat(2)-0.94%
Min Revenue beat(2)-2.28%
Max Revenue beat(2)0.4%
Revenue beat(4)2
Avg Revenue beat(4)3.16%
Min Revenue beat(4)-2.28%
Max Revenue beat(4)15.45%
Revenue beat(8)6
Avg Revenue beat(8)12.23%
Revenue beat(12)9
Avg Revenue beat(12)11.78%
Revenue beat(16)12
Avg Revenue beat(16)12.61%
PT rev (1m)1.51%
PT rev (3m)12.99%
EPS NQ rev (1m)-88.86%
EPS NQ rev (3m)-245.22%
EPS NY rev (1m)1.86%
EPS NY rev (3m)1.13%
Revenue NQ rev (1m)-2.1%
Revenue NQ rev (3m)-12.64%
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.77 | ||
| Fwd PE | 47.13 | ||
| P/S | 1.28 | ||
| P/FCF | 27.75 | ||
| P/OCF | 17.21 | ||
| P/B | 171.38 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.47 |
EPS(TTM)2.72
EY2.14%
EPS(NY)2.7
Fwd EY2.12%
FCF(TTM)4.58
FCFY3.6%
OCF(TTM)7.39
OCFY5.81%
SpS99.21
BVpS0.74
TBVpS-16.34
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.29% | ||
| ROE | 372.82% | ||
| ROCE | 12.39% | ||
| ROIC | 9.54% | ||
| ROICexc | 23.45% | ||
| ROICexgc | 496.1% | ||
| OM | 5.5% | ||
| PM (TTM) | 2.79% | ||
| GM | 25.19% | ||
| FCFM | 4.62% |
ROA(3y)1.93%
ROA(5y)-3.03%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)8.42%
ROIC(5y)N/A
ROICexc(3y)24.62%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.92%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y84.42%
ROICexc growth 3YN/A
ROICexc growth 5Y30.74%
OM growth 3YN/A
OM growth 5Y12.63%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.42%
GM growth 5Y-1.47%
F-Score6
Asset Turnover1.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.65 | ||
| Debt/FCF | 6.02 | ||
| Debt/EBITDA | 3.39 | ||
| Cap/Depr | 119.14% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | 9.7 | ||
| Cash Conversion | 94.62% | ||
| Profit Quality | 165.65% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.19 |
F-Score6
WACC7.93%
ROIC/WACC1.2
Cap/Depr(3y)96.54%
Cap/Depr(5y)74.78%
Cap/Sales(3y)2.35%
Cap/Sales(5y)4.31%
Profit Quality(3y)482.34%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)109.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%144.8%
EPS Next Y-0.76%
EPS Next 2Y10.66%
EPS Next 3Y11.57%
EPS Next 5Y13.31%
Revenue 1Y (TTM)1.78%
Revenue growth 3Y54.59%
Revenue growth 5Y14.93%
Sales Q2Q%-2.69%
Revenue Next Year13.47%
Revenue Next 2Y11.22%
Revenue Next 3Y10.77%
Revenue Next 5Y9.13%
EBIT growth 1Y17.06%
EBIT growth 3YN/A
EBIT growth 5Y29.45%
EBIT Next Year142.33%
EBIT Next 3Y44.23%
EBIT Next 5Y29.95%
FCF growth 1Y20.54%
FCF growth 3Y-12.93%
FCF growth 5Y59.39%
OCF growth 1Y26.57%
OCF growth 3Y-1.05%
OCF growth 5Y29.71%