Live Nation Entertainment Inc

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LYV : NYSE : Services
$43.47 -0.11 | -0.25%
Today's Range: 43.39 - 43.855
Avg. Daily Volume: 1620700.0
09/22/17 - 1:26 PM ET

Financial Analysis

LIVE NATION ENTERTAINMENT's gross profit margin for the second quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. LIVE NATION ENTERTAINMENT has weak liquidity. Currently, the Quick Ratio is 0.80 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.20% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)2818.692179.26
EBITDA ($mil)194.71153.72
EBIT ($mil)113.5573.88
Net Income ($mil)62.6426.45

Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)2216.811512.1
Total Assets ($mil)8251.437043.43
Total Debt ($mil)2315.592030.11
Equity ($mil)1226.641188.51

Profitability Q2 FY17 Q2 FY16
Gross Profit Margin23.4525.6
EBITDA Margin6.97.05
Operating Margin4.033.39
Sales Turnover1.111.1
Return on Assets0.01-0.66
Return on Equity0.11-3.94
Debt Q2 FY17 Q2 FY16
Current Ratio1.040.98
Interest Expense27.9325.28
Interest Coverage4.072.92

Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)206.14203.09
Div / share0.00.0
Book value / share5.955.85
Institutional Own % n/a n/a
Avg Daily Volume1615242.01182612.0


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. For additional comparison, its price-to-book ratio of 6.97 indicates a significant premium versus the S&P 500 average of 3.10 and a significant premium versus the industry average of 3.63. 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 premium to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LYV NM Peers 50.54   LYV 9.62 Peers 10.66

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.


Average. 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 valuation on par to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
LYV 91.57 Peers 33.09   LYV NA Peers 4.14

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

LYV is trading at a significant premium to its peers.


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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LYV 6.97 Peers 3.63   LYV 92.00 Peers 31.06

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

LYV is trading at a significant premium to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

LYV is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LYV 0.93 Peers 21.81   LYV 18.75 Peers 20.81

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.


Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

LYV is keeping pace with its peers on the basis of sales growth.



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