LIVE NATION ENTERTAINMENT IN (LYV) Stock Fundamental Analysis
NYSE:LYV - New York Stock Exchange, Inc. - US5380341090 - Common Stock - Currency: USD
Taking everything into account, LYV scores 4 out of 10 in our fundamental rating. LYV was compared to 71 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. While showing a medium growth rate, LYV is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year LYV was profitable.
LYV had a positive operating cash flow in the past year.
In multiple years LYV reported negative net income over the last 5 years.
Of the past 5 years LYV 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.17%, LYV is in the better half of the industry, outperforming 78.87% of the companies in the same industry.
LYV has a better Return On Equity (653.71%) than 98.59% of its industry peers.
LYV's Return On Invested Capital of 9.25% is amongst the best of the industry. LYV outperforms 84.51% of its industry peers.
LYV had an Average Return On Invested Capital over the past 3 years of 8.42%. This is significantly below the industry average of 23.28%.
The 3 year average ROIC (8.42%) for LYV is below the current ROIC(9.25%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.17% | ||
| ROE | 653.71% | ||
| ROIC | 9.25% |
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
The Profit Margin of LYV (3.05%) is better than 77.46% of its industry peers.
LYV has a Operating Margin of 5.44%. This is in the better half of the industry: LYV outperforms 71.83% of its industry peers.
LYV's Operating Margin has improved in the last couple of years.
LYV's Gross Margin of 25.54% is on the low side compared to the rest of the industry. LYV is outperformed by 69.01% of its industry peers.
In the last couple of years the Gross Margin of LYV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.44% | ||
| PM (TTM) | 3.05% | ||
| GM | 25.54% |
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
LYV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for LYV has been increased compared to 1 year ago.
LYV has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LYV has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.04 indicates that LYV is not a great score, but indicates only limited risk for bankruptcy at the moment.
LYV's Altman-Z score of 2.04 is fine compared to the rest of the industry. LYV outperforms 64.79% of its industry peers.
LYV has a debt to FCF ratio of 4.72. This is a neutral value as LYV would need 4.72 years to pay back of all of its debts.
The Debt to FCF ratio of LYV (4.72) is better than 67.61% of its industry peers.
LYV has a Debt/Equity ratio of 55.93. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of LYV (55.93) is worse than 76.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 55.93 | ||
| Debt/FCF | 4.72 | ||
| Altman-Z | 2.04 |
ROIC/WACC1.16
WACC7.98%
2.3 Liquidity
A Current Ratio of 0.96 indicates that LYV may have some problems paying its short term obligations.
With a Current ratio value of 0.96, LYV perfoms like the industry average, outperforming 53.52% of the companies in the same industry.
LYV has a Quick Ratio of 0.96. This is a bad value and indicates that LYV is not financially healthy enough and could expect problems in meeting its short term obligations.
LYV has a Quick ratio of 0.96. This is comparable to the rest of the industry: LYV outperforms 53.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 187.25% over the past year.
Looking at the last year, LYV shows a decrease in Revenue. The Revenue has decreased by -2.93% in the last year.
The Revenue has been growing by 14.93% on average over the past years. This is quite good.
EPS 1Y (TTM)187.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39.62%
Revenue 1Y (TTM)-2.93%
Revenue growth 3Y54.59%
Revenue growth 5Y14.93%
Sales Q2Q%-10.99%
3.2 Future
Based on estimates for the next years, LYV will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.31% on average per year.
The Revenue is expected to grow by 9.13% on average over the next years. This is quite good.
EPS Next Y-20.03%
EPS Next 2Y0.26%
EPS Next 3Y10.04%
EPS Next 5Y13.31%
Revenue Next Year12.2%
Revenue Next 2Y10.49%
Revenue Next 3Y10.28%
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 49.29, LYV can be considered very expensive at the moment.
Based on the Price/Earnings ratio, LYV is valued a bit cheaper than 74.65% of the companies in the same industry.
LYV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.03.
LYV is valuated quite expensively with a Price/Forward Earnings ratio of 52.83.
Based on the Price/Forward Earnings ratio, LYV is valued a bit cheaper than the industry average as 61.97% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.94, LYV is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.29 | ||
| Fwd PE | 52.83 |
4.2 Price Multiples
LYV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LYV is cheaper than 66.20% of the companies in the same industry.
70.42% of the companies in the same industry are more expensive than LYV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.92 | ||
| EV/EBITDA | 18.29 |
4.3 Compensation for Growth
The decent profitability rating of LYV may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.26%
EPS Next 3Y10.04%
5. Dividend
5.1 Amount
LYV does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
144.43
+0.26 (+0.18%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners73.97%
Inst Owner Change4.57%
Ins Owners2.52%
Ins Owner Change1.3%
Market Cap33.81B
Analysts81.48
Price Target165.04 (14.27%)
Short Float %9.1%
Short Ratio5.39
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)84.83%
Min EPS beat(2)20.42%
Max EPS beat(2)149.23%
EPS beat(4)3
Avg EPS beat(4)41.97%
Min EPS beat(4)-4.86%
Max EPS beat(4)149.23%
EPS beat(8)5
Avg EPS beat(8)9.79%
EPS beat(12)9
Avg EPS beat(12)15.62%
EPS beat(16)12
Avg EPS beat(16)42.48%
Revenue beat(2)1
Avg Revenue beat(2)-1.94%
Min Revenue beat(2)-4.27%
Max Revenue beat(2)0.4%
Revenue beat(4)1
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-4.27%
Max Revenue beat(4)0.4%
Revenue beat(8)5
Avg Revenue beat(8)7.14%
Revenue beat(12)9
Avg Revenue beat(12)11.82%
Revenue beat(16)12
Avg Revenue beat(16)12.43%
PT rev (1m)-2.62%
PT rev (3m)9.65%
EPS NQ rev (1m)-20.59%
EPS NQ rev (3m)-16.13%
EPS NY rev (1m)-15.61%
EPS NY rev (3m)-18.89%
Revenue NQ rev (1m)-1.5%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)-1.12%
Revenue NY rev (3m)-2.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.29 | ||
| Fwd PE | 52.83 | ||
| P/S | 1.49 | ||
| P/FCF | 24.92 | ||
| P/OCF | 16.43 | ||
| P/B | 318.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.29 |
EPS(TTM)2.93
EY2.03%
EPS(NY)2.73
Fwd EY1.89%
FCF(TTM)5.79
FCFY4.01%
OCF(TTM)8.79
OCFY6.09%
SpS97.13
BVpS0.45
TBVpS-17.11
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.17% | ||
| ROE | 653.71% | ||
| ROCE | 12% | ||
| ROIC | 9.25% | ||
| ROICexc | 30.25% | ||
| ROICexgc | N/A | ||
| OM | 5.44% | ||
| PM (TTM) | 3.05% | ||
| GM | 25.54% | ||
| FCFM | 5.97% |
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 Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 55.93 | ||
| Debt/FCF | 4.72 | ||
| Debt/EBITDA | 3.29 | ||
| Cap/Depr | 123.69% | ||
| Cap/Sales | 3.08% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 114.07% | ||
| Profit Quality | 195.78% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 2.04 |
F-Score6
WACC7.98%
ROIC/WACC1.16
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)187.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39.62%
EPS Next Y-20.03%
EPS Next 2Y0.26%
EPS Next 3Y10.04%
EPS Next 5Y13.31%
Revenue 1Y (TTM)-2.93%
Revenue growth 3Y54.59%
Revenue growth 5Y14.93%
Sales Q2Q%-10.99%
Revenue Next Year12.2%
Revenue Next 2Y10.49%
Revenue Next 3Y10.28%
Revenue Next 5Y9.13%
EBIT growth 1Y13.15%
EBIT growth 3YN/A
EBIT growth 5Y29.45%
EBIT Next Year142.33%
EBIT Next 3Y44.23%
EBIT Next 5Y29.95%
FCF growth 1Y-1.84%
FCF growth 3Y-12.93%
FCF growth 5Y59.39%
OCF growth 1Y14.97%
OCF growth 3Y-1.05%
OCF growth 5Y29.71%