Live Nation Entertainment IncFind Ratings Reports
LIVE NATION ENTERTAINMENT's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. 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.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.80% 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 FY16||Q3 FY15|
|Net Sales ($mil)||3170.42||2622.92|
|Net Income ($mil)||102.5||78.93|
|Balance Sheet||Q3 FY16||Q3 FY15|
|Cash & Equiv. ($mil)||1039.71||1061.38|
|Total Assets ($mil)||6417.03||6265.35|
|Total Debt ($mil)||2031.2||2036.09|
|Profitability||Q3 FY16||Q3 FY15|
|Gross Profit Margin||22.77||23.86|
|Return on Assets||-0.36||-2.54|
|Return on Equity||-1.81||-11.99|
|Debt||Q3 FY16||Q3 FY15|
|Share Data||Q3 FY16||Q3 FY15|
|Shares outstanding (mil)||203.44||202.35|
|Div / share||0.0||0.0|
|Book value / share||6.3||6.58|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||912706.0||1042462.0|
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 4.34 indicates a significant premium versus the S&P 500 average of 2.83 and a 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.
|LYV NM||Peers 30.47||LYV 12.53||Peers 11.64|
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 116.34||Peers 80.25||LYV NA||Peers 2.48|
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 4.34||Peers 3.55||LYV 82.72||Peers 62.27|
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 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 0.67||Peers 6.90||LYV 17.13||Peers 16.69|
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.