Live Nation Entertainment Inc

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LYV : NYSE : Services
$28.75 -0.2 | -0.69%
Today's Range: 28.585 - 29.03
Avg. Daily Volume: 902000.0
03/22/17 - 4:02 PM ET

Financial Analysis


LIVE NATION ENTERTAINMENT's gross profit margin for the fourth quarter of its fiscal year 2016 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 0.85 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.

During the same period, stockholders' equity ("net worth") has decreased by 8.96% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)1797.541736.73
EBITDA ($mil)43.2460.1
EBIT ($mil)-37.09-31.77
Net Income ($mil)-118.11-94.4


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)1529.571304.86
Total Assets ($mil)6764.276156.24
Total Debt ($mil)2313.052045.01
Equity ($mil)1126.021236.95


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin28.0727.74
EBITDA Margin2.43.46
Operating Margin-2.06-1.83
Sales Turnover1.241.18
Return on Assets-0.69-1.06
Return on Equity-4.17-5.31
Debt Q4 FY16 Q4 FY15
Current Ratio1.091.09
Debt/Capital0.670.62
Interest Expense30.5426.02
Interest Coverage-1.21-1.22


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)204.07202.48
Div / share0.00.0
EPS-0.58-0.47
Book value / share5.526.11
Institutional Own % n/a n/a
Avg Daily Volume886043.01010632.0

Valuation


HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 5.26 indicates a significant premium versus the S&P 500 average of 2.98 and a significant premium versus the industry average of 3.55. 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.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LYV NM Peers 21.82   LYV 9.92 Peers 12.01

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.

 

Discount. 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 discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
LYV 59.24 Peers 25.30   LYV NA Peers 2.14

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LYV 5.26 Peers 3.55   LYV 26.48 Peers 109.26

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.

 

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LYV 0.71 Peers 15.67   LYV 15.30 Peers 17.61

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 trails its peers on the basis of sales growth

 

 

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