Live Nation Entertainment Inc

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LYV : NYSE : Services
$34.84 | %
Today's Range: 34.33 - 34.895
Avg. Daily Volume: 1193700.0
06/23/17 - 4:04 PM ET

Financial Analysis


LIVE NATION ENTERTAINMENT's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. 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 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 5.71% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)1413.181207.72
EBITDA ($mil)58.5140.68
EBIT ($mil)-22.03-32.13
Net Income ($mil)-45.57-57.85


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)2227.561699.28
Total Assets ($mil)7823.526927.17
Total Debt ($mil)2318.762036.84
Equity ($mil)1116.741184.39


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin33.0933.23
EBITDA Margin4.143.36
Operating Margin-1.56-2.66
Sales Turnover1.091.06
Return on Assets-0.44-0.88
Return on Equity-3.1-5.18
Debt Q1 FY17 Q1 FY16
Current Ratio1.021.01
Debt/Capital0.670.63
Interest Expense26.0125.43
Interest Coverage-0.85-1.26


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)205.61202.93
Div / share0.00.0
EPS-0.22-0.29
Book value / share5.435.84
Institutional Own % n/a n/a
Avg Daily Volume1182665.0890508.0

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 6.65 indicates a significant premium versus the S&P 500 average of 3.08 and a significant premium versus the industry average of 3.76. 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 20.81   LYV 8.86 Peers 11.80

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 86.05 Peers 27.43   LYV NA Peers 1.99

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 6.65 Peers 3.76   LYV 43.75 Peers 91.20

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 0.87 Peers 17.91   LYV 16.73 Peers 37.80

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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