LIVE NATION ENTERTAINMENT's gross profit margin for the third quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. LIVE NATION ENTERTAINMENT has weak liquidity. Currently, the Quick Ratio is 0.79 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 11.51% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q3 FY15||Q3 FY14|
|Net Sales ($mil)||2622.92||2502.01|
|Net Income ($mil)||78.93||103.97|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||1061.38||1358.3|
|Total Assets ($mil)||6265.35||6047.73|
|Total Debt ($mil)||2036.09||2075.16|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||23.86||23.92|
|Return on Assets||-2.54||0.16|
|Return on Equity||-11.99||0.64|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||202.35||200.66|
|Div / share||0.0||0.0|
|Book value / share||6.58||7.5|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1057649.0||932387.0|
HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 3.92 indicates a premium versus the S&P 500 average of 2.77 and a significant discount versus the industry average of 15.36. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, LIVE NATION ENTERTAINMENT proves to trade at a discount to investment alternatives within the industry.
|LYV NM||Peers 24.69||LYV 19.87||Peers 17.19|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
LYV's P/E is negative making this valuation measure meaningless.
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
LYV is trading at a premium to its peers.
|LYV 101.02||Peers 16.98||LYV NA||Peers 0.93|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
LYV's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|LYV 3.92||Peers 15.36||LYV -8200.00||Peers -24.82|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
LYV is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, LYV is expected to significantly trail its peers on the basis of its earnings growth rate.
|LYV 0.74||Peers 3.46||LYV 2.49||Peers 9.61|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
LYV is trading at a significant discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
LYV significantly trails its peers on the basis of sales growth
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