LIVE NATION ENTERTAINMENT IN (LYV) Stock Fundamental Analysis
NYSE:LYV - New York Stock Exchange, Inc. - US5380341090 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to LYV. LYV was compared to 73 industry peers in the Entertainment industry. There are concerns on the financial health of LYV while its profitability can be described as average. 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.
In the past year LYV had a positive cash flow from operations.
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 3.17%, LYV is in the better half of the industry, outperforming 73.97% of the companies in the same industry.
LYV has a Return On Equity of 653.71%. This is amongst the best in the industry. LYV outperforms 98.63% of its industry peers.
The Return On Invested Capital of LYV (9.25%) is better than 83.56% 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 23.14%.
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 73.97% of its industry peers.
LYV's Operating Margin of 5.44% is fine compared to the rest of the industry. LYV outperforms 72.60% of its industry peers.
In the last couple of years the Operating Margin of LYV has grown nicely.
With a Gross Margin value of 25.54%, LYV is not doing good in the industry: 69.86% of the companies in the same industry are doing better.
LYV's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 1 year ago, LYV has more shares outstanding
The number of shares outstanding for LYV has been increased compared to 5 years ago.
Compared to 1 year ago, LYV has an improved debt to assets ratio.
2.2 Solvency
LYV has an Altman-Z score of 2.06. 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 Altman-Z score of 2.06. This is in the better half of the industry: LYV outperforms 64.38% 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.
LYV has a better Debt to FCF ratio (4.72) than 71.23% 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.
LYV has a Debt to Equity ratio of 55.93. This is in the lower half of the industry: LYV underperforms 78.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 55.93 | ||
| Debt/FCF | 4.72 | ||
| Altman-Z | 2.06 |
ROIC/WACC1.2
WACC7.7%
2.3 Liquidity
LYV has a Current 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.
With a Current ratio value of 0.96, LYV perfoms like the industry average, outperforming 52.05% of the companies in the same industry.
A Quick Ratio of 0.96 indicates that LYV may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.96, LYV is in line with its industry, outperforming 54.79% of the companies in the same industry.
| 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.
The Revenue has decreased by -2.93% in the past year.
LYV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.93% yearly.
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
The Earnings Per Share is expected to grow by 11.92% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.92% on average over the next years. This is quite good.
EPS Next Y-20.07%
EPS Next 2Y-0.12%
EPS Next 3Y11.37%
EPS Next 5Y11.92%
Revenue Next Year12.13%
Revenue Next 2Y10.52%
Revenue Next 3Y10.21%
Revenue Next 5Y8.92%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 50.95, which means the current valuation is very expensive for LYV.
Based on the Price/Earnings ratio, LYV is valued a bit cheaper than the industry average as 72.60% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of LYV to the average of the S&P500 Index (26.99), we can say LYV is valued expensively.
A Price/Forward Earnings ratio of 55.02 indicates a quite expensive valuation of LYV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LYV indicates a somewhat cheap valuation: LYV is cheaper than 63.01% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of LYV to the average of the S&P500 Index (36.36), we can say LYV is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.95 | ||
| Fwd PE | 55.02 |
4.2 Price Multiples
64.38% of the companies in the same industry are more expensive than LYV, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, LYV is valued a bit cheaper than the industry average as 75.34% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.46 | ||
| EV/EBITDA | 18.73 |
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 2Y-0.12%
EPS Next 3Y11.37%
5. Dividend
5.1 Amount
No dividends for LYV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
149.29
-1.13 (-0.75%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners76.77%
Inst Owner Change0.06%
Ins Owners2.53%
Ins Owner Change0.3%
Market Cap34.54B
Analysts82.22
Price Target167.55 (12.23%)
Short Float %11.78%
Short Ratio6.87
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)0%
PT rev (3m)0.51%
EPS NQ rev (1m)-1.68%
EPS NQ rev (3m)-25.37%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)-15.65%
Revenue NQ rev (1m)-0.33%
Revenue NQ rev (3m)-2.33%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.95 | ||
| Fwd PE | 55.02 | ||
| P/S | 1.52 | ||
| P/FCF | 25.46 | ||
| P/OCF | 16.79 | ||
| P/B | 325.86 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.73 |
EPS(TTM)2.93
EY1.96%
EPS(NY)2.71
Fwd EY1.82%
FCF(TTM)5.86
FCFY3.93%
OCF(TTM)8.89
OCFY5.96%
SpS98.28
BVpS0.46
TBVpS-17.31
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 | 2.06 |
F-Score6
WACC7.7%
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)187.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39.62%
EPS Next Y-20.07%
EPS Next 2Y-0.12%
EPS Next 3Y11.37%
EPS Next 5Y11.92%
Revenue 1Y (TTM)-2.93%
Revenue growth 3Y54.59%
Revenue growth 5Y14.93%
Sales Q2Q%-10.99%
Revenue Next Year12.13%
Revenue Next 2Y10.52%
Revenue Next 3Y10.21%
Revenue Next 5Y8.92%
EBIT growth 1Y13.15%
EBIT growth 3YN/A
EBIT growth 5Y29.45%
EBIT Next Year140.65%
EBIT Next 3Y44.18%
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%