Live Nation Entertainment IncFind Ratings Reports
LIVE NATION ENTERTAINMENT's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. LIVE NATION ENTERTAINMENT has weak liquidity. Currently, the Quick Ratio is 0.71 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 5.02% 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 FY16||Q2 FY15|
|Net Sales ($mil)||2179.26||1765.78|
|Net Income ($mil)||26.45||11.95|
|Balance Sheet||Q2 FY16||Q2 FY15|
|Cash & Equiv. ($mil)||1512.1||1525.82|
|Total Assets ($mil)||7043.43||6713.52|
|Total Debt ($mil)||2030.11||2030.46|
|Profitability||Q2 FY16||Q2 FY15|
|Gross Profit Margin||25.6||26.8|
|Return on Assets||-0.66||-2.0|
|Return on Equity||-3.94||-10.76|
|Debt||Q2 FY16||Q2 FY15|
|Share Data||Q2 FY16||Q2 FY15|
|Shares outstanding (mil)||203.09||202.36|
|Div / share||0.0||0.0|
|Book value / share||5.85||6.18|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1080421.0||1291073.0|
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 4.61 indicates a significant premium versus the S&P 500 average of 2.83 and a premium versus the industry average of 3.30. 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.
|LYV NM||Peers 23.04||LYV 12.07||Peers 11.78|
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.
|LYV 128.33||Peers 21.18||LYV NA||Peers 1.18|
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 4.61||Peers 3.30||LYV 64.29||Peers 29.72|
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.
|LYV 0.71||Peers 6.16||LYV 11.30||Peers 10.01|
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.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
LYV has a sales growth rate that exceeds its peers.