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VIVID SEATS INC - CLASS A (SEAT) Stock Fundamental Analysis

NASDAQ:SEAT - Nasdaq - US92854T1007 - Common Stock - Currency: USD

1.56  -0.08 (-4.88%)

After market: 1.64 +0.08 (+5.13%)

Fundamental Rating

2

Taking everything into account, SEAT scores 2 out of 10 in our fundamental rating. SEAT was compared to 71 industry peers in the Entertainment industry. While SEAT is still in line with the averages on profitability rating, there are concerns on its financial health. SEAT is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year SEAT has reported negative net income.
SEAT had a negative operating cash flow in the past year.
In multiple years SEAT reported negative net income over the last 5 years.
Of the past 5 years SEAT 4 years had a positive operating cash flow.
SEAT Yearly Net Income VS EBIT VS OCF VS FCFSEAT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 -200M -400M -600M

1.2 Ratios

SEAT's Return On Assets of -0.16% is fine compared to the rest of the industry. SEAT outperforms 64.79% of its industry peers.
SEAT's Return On Equity of -0.68% is fine compared to the rest of the industry. SEAT outperforms 69.01% of its industry peers.
SEAT has a better Return On Invested Capital (0.91%) than 61.97% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SEAT is significantly below the industry average of 22.66%.
Industry RankSector Rank
ROA -0.16%
ROE -0.68%
ROIC 0.91%
ROA(3y)2.63%
ROA(5y)-11.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.46%
ROIC(5y)N/A
SEAT Yearly ROA, ROE, ROICSEAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 500 1K 1.5K

1.3 Margins

The Operating Margin of SEAT (2.30%) is better than 63.38% of its industry peers.
In the last couple of years the Operating Margin of SEAT has declined.
SEAT's Gross Margin of 73.72% is amongst the best of the industry. SEAT outperforms 85.92% of its industry peers.
In the last couple of years the Gross Margin of SEAT has remained more or less at the same level.
Industry RankSector Rank
OM 2.3%
PM (TTM) N/A
GM 73.72%
OM growth 3Y-31.94%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.39%
GM growth 5Y-0.9%
SEAT Yearly Profit, Operating, Gross MarginsSEAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

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0

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SEAT is destroying value.
SEAT has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SEAT has been increased compared to 5 years ago.
Compared to 1 year ago, SEAT has a worse debt to assets ratio.
SEAT Yearly Shares OutstandingSEAT Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
SEAT Yearly Total Debt VS Total AssetsSEAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of -0.22, we must say that SEAT is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.22, SEAT is doing worse than 67.61% of the companies in the same industry.
SEAT has a Debt/Equity ratio of 1.01. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of SEAT (1.01) is worse than 61.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF N/A
Altman-Z -0.22
ROIC/WACC0.11
WACC8.05%
SEAT Yearly LT Debt VS Equity VS FCFSEAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 500M -500M

2.3 Liquidity

A Current Ratio of 0.77 indicates that SEAT may have some problems paying its short term obligations.
With a Current ratio value of 0.77, SEAT is not doing good in the industry: 63.38% of the companies in the same industry are doing better.
SEAT has a Quick Ratio of 0.77. This is a bad value and indicates that SEAT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.70, SEAT is doing worse than 63.38% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.7
SEAT Yearly Current Assets VS Current LiabilitesSEAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 200M 400M 600M

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4

3. Growth

3.1 Past

SEAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -99.25%.
The Revenue has been growing slightly by 0.82% in the past year.
Measured over the past years, SEAT shows a quite strong growth in Revenue. The Revenue has been growing by 10.59% on average per year.
EPS 1Y (TTM)-99.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-160%
Revenue 1Y (TTM)0.82%
Revenue growth 3Y20.52%
Revenue growth 5Y10.59%
Sales Q2Q%-13.94%

3.2 Future

SEAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.40% yearly.
The Revenue is expected to grow by 5.63% on average over the next years.
EPS Next Y-64.32%
EPS Next 2Y-9.96%
EPS Next 3Y12.16%
EPS Next 5Y52.4%
Revenue Next Year-13.99%
Revenue Next 2Y-5.04%
Revenue Next 3Y-1.24%
Revenue Next 5Y5.63%

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.
SEAT Yearly Revenue VS EstimatesSEAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
SEAT Yearly EPS VS EstimatesSEAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 0.2 0.4 0.6

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2

4. Valuation

4.1 Price/Earnings Ratio

SEAT is valuated quite expensively with a Price/Forward Earnings ratio of 28.72.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SEAT indicates a somewhat cheap valuation: SEAT is cheaper than 70.42% of the companies listed in the same industry.
SEAT's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.15.
Industry RankSector Rank
PE N/A
Fwd PE 28.72
SEAT Price Earnings VS Forward Price EarningsSEAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SEAT indicates a rather cheap valuation: SEAT is cheaper than 84.51% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.44
SEAT Per share dataSEAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2

4.3 Compensation for Growth

A more expensive valuation may be justified as SEAT's earnings are expected to grow with 12.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.96%
EPS Next 3Y12.16%

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0

5. Dividend

5.1 Amount

SEAT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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VIVID SEATS INC - CLASS A

NASDAQ:SEAT (5/30/2025, 8:00:01 PM)

After market: 1.64 +0.08 (+5.13%)

1.56

-0.08 (-4.88%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)05-06 2025-05-06/bmo
Earnings (Next)08-04 2025-08-04/bmo
Inst Owners91.45%
Inst Owner Change-6.46%
Ins Owners6.65%
Ins Owner Change1.06%
Market Cap321.47M
Analysts77.78
Price Target5.08 (225.64%)
Short Float %10.83%
Short Ratio5.35
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-291.46%
Min EPS beat(2)-472.49%
Max EPS beat(2)-110.44%
EPS beat(4)1
Avg EPS beat(4)-158.04%
Min EPS beat(4)-472.49%
Max EPS beat(4)66.52%
EPS beat(8)4
Avg EPS beat(8)-22.93%
EPS beat(12)7
Avg EPS beat(12)-0.76%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.18%
Min Revenue beat(2)-5.24%
Max Revenue beat(2)0.87%
Revenue beat(4)1
Avg Revenue beat(4)-1.29%
Min Revenue beat(4)-5.24%
Max Revenue beat(4)0.87%
Revenue beat(8)5
Avg Revenue beat(8)4%
Revenue beat(12)9
Avg Revenue beat(12)6.97%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.77%
PT rev (3m)-13.58%
EPS NQ rev (1m)-794.37%
EPS NQ rev (3m)-133.39%
EPS NY rev (1m)-71.38%
EPS NY rev (3m)-84.13%
Revenue NQ rev (1m)-12.06%
Revenue NQ rev (3m)-21.17%
Revenue NY rev (1m)-12.71%
Revenue NY rev (3m)-17.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 28.72
P/S 0.43
P/FCF N/A
P/OCF N/A
P/B 0.84
P/tB N/A
EV/EBITDA 8.44
EPS(TTM)0
EYN/A
EPS(NY)0.05
Fwd EY3.48%
FCF(TTM)-0.09
FCFYN/A
OCF(TTM)-0.05
OCFYN/A
SpS3.63
BVpS1.85
TBVpS-3.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.16%
ROE -0.68%
ROCE 1.45%
ROIC 0.91%
ROICexc 1.1%
ROICexgc N/A
OM 2.3%
PM (TTM) N/A
GM 73.72%
FCFM N/A
ROA(3y)2.63%
ROA(5y)-11.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.46%
ROIC(5y)N/A
ROICexc(3y)5.88%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.08%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-37.79%
ROICexc growth 5YN/A
OM growth 3Y-31.94%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.39%
GM growth 5Y-0.9%
F-Score2
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF N/A
Debt/EBITDA 6.16
Cap/Depr 15.87%
Cap/Sales 0.96%
Interest Coverage 0.81
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.77
Quick Ratio 0.7
Altman-Z -0.22
F-Score2
WACC8.05%
ROIC/WACC0.11
Cap/Depr(3y)22.81%
Cap/Depr(5y)24.24%
Cap/Sales(3y)0.5%
Cap/Sales(5y)0.53%
Profit Quality(3y)249.59%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-99.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-160%
EPS Next Y-64.32%
EPS Next 2Y-9.96%
EPS Next 3Y12.16%
EPS Next 5Y52.4%
Revenue 1Y (TTM)0.82%
Revenue growth 3Y20.52%
Revenue growth 5Y10.59%
Sales Q2Q%-13.94%
Revenue Next Year-13.99%
Revenue Next 2Y-5.04%
Revenue Next 3Y-1.24%
Revenue Next 5Y5.63%
EBIT growth 1Y-74.83%
EBIT growth 3Y-17.97%
EBIT growth 5YN/A
EBIT Next Year63.54%
EBIT Next 3Y30.3%
EBIT Next 5Y32.79%
FCF growth 1Y-133.84%
FCF growth 3Y-34.7%
FCF growth 5Y-8.36%
OCF growth 1Y-118.8%
OCF growth 3Y-32.56%
OCF growth 5Y-6.76%