Live Nation Entertainment Inc
Exchange: NYSESector: Communication ServicesIndustry: Entertainment
Live Nation Entertainment, Inc. is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship.
Did you know?
Price sits at 66% of its 52-week range.
Current Price
$157.58
-0.42%GoodMoat Value
$357.39
126.8% undervaluedProfile
Valuation (TTM)
Market Cap$36.99B
P/E-674.65
EV$38.78B
P/B136.49
Shares Out234.74M
P/Sales1.47
Revenue$25.20B
EV/EBITDA26.30
Live Nation Entertainment Inc (LYV) Stock Analysis
GoodMoat Analysis
Live Nation Entertainment is a dominant live entertainment and ticketing platform with a strong competitive moat, but its current valuation appears unfavourable based on traditional value metrics. The business shows a high Moat Score of 7/14, driven by scale and vertical integration, yet its negative P/E and low free cash flow yield present challenges. Further investigation is required to reconcile its business strength with its market price.
Read full analysis
Live Nation Entertainment operates a vertically integrated live entertainment ecosystem, combining the world's largest concert promotion business with the dominant Ticketmaster ticketing platform and venue ownership. Applying the GoodMoat framework, the company demonstrates a durable competitive advantage, achieving a Moat Score of 7 out of 14. Key moat pillars include significant scale privilege in global event promotion, high switching costs for venues locked into Ticketmaster's ecosystem, and strategic partnerships with major artists and venues. Its vertical integration across promotion, ticketing, and venues creates a powerful network effect that is difficult for competitors to replicate. The company passes the Moat & Quality Gate for further analysis. However, the valuation presents significant hurdles for a value investor. The stock trades at a negative P/E of -663x due to a GAAP EPS of -$0.24, and its Free Cash Flow Yield is a low 0.9%. While the provided GoodMoat Target of $357.39 suggests a substantial margin of safety, this contrasts sharply with the company's thin operating margin of 4.7% and modest revenue growth of 11.1% YoY. The high ROE of 183% is distorted by financial leverage, as indicated by a Debt/Equity ratio of 37.8. According to the Decision Framework, the combination of weak current profitability metrics and an elevated valuation based on market price would likely place this analysis in the 'With Caution' or 'Unfavourable' zone, demanding a very high-conviction view on future margin expansion and cash flow generation to justify the current price. Analysis based on data as of 2024-05-15.
Market Cap$36.99B
Current Price$157.58
P/E Ratio-674.65
Forward P/E—
PEG Ratio2.32
EPS$-0.24
Book Value$1.15
P/B Ratio136.49
LYV Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 13.5% FCF growth (CAGR)
Cash vs Debt
Net Debt: 3.1B
Revenue
11.5B
FY19
1.9B
FY20
6.3B
FY21
16.7B
FY22
22.7B
FY23
23.2B
FY24
25.2B
FY25
Net Income
70M
FY19
—
FY20
—
FY21
266M
FY22
557M
FY23
896M
FY24
496M
FY25
LYV 52-Week Range
$125.61
$174.06
50-Day MA: $157.24200-Day MA: $152.08
Did you know?
Earnings per share grew at a 38.6% CAGR.
Live Nation Entertainment Inc (LYV) Financial Summary
Live Nation Entertainment Inc (LYV) is a Communication Services company in the Entertainment industry, listed on NYSE. The stock currently trades at $157.58 with a market capitalization of $36.99B.
Key valuation metrics include a P/E ratio of -674.65, price-to-book ratio of 136.49, and EPS of $-0.24. The company reports a profit margin of 2.0% and return on equity of 183.0%.
LYV Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $36.99B |
| P/E Ratio | -674.65 |
| EPS | $-0.24 |
| P/B Ratio | 136.49 |
| P/S Ratio | 1.47 |
| EV/EBITDA | 26.30 |
| Profit Margin | 2.0% |
| Return on Equity | 183.0% |
| Debt/Equity | 37.77 |
LYV Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $11.55B | $69.89M |
| FY20 | $1.86B | $-1.72B |
| FY21 | $6.27B | $-650.90M |
| FY22 | $16.68B | $266.44M |
| FY23 | $22.73B | $556.89M |
| FY24 | $23.16B | $896.29M |
| FY25 | $25.20B | $495.97M |
Live Nation Entertainment Inc (LYV) Valuation
Based on GoodMoat's DCF model, Live Nation Entertainment Inc has a fair value estimate of $357.39. At the current price of $157.58, the stock appears 55.9% undervalued relative to our intrinsic value estimate.
LYV Quality Indicators
Live Nation Entertainment Inc maintains a profit margin of 2.0% and an operating margin of 4.7%. Return on equity stands at 183.0%. The current ratio is 1.00. Debt-to-equity ratio is 37.77.
About Live Nation Entertainment Inc
Live Nation Entertainment, Inc. is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship.
LYV Free Cash Flow
Live Nation Entertainment Inc generated $312.81M in trailing twelve-month free cash flow, representing an FCF yield of 0.85%. This low FCF yield may reflect heavy reinvestment or growth spending.
LYV Shares Outstanding
Live Nation Entertainment Inc has 0.23 billion shares outstanding at a share price of $157.58, giving it a market capitalization of $36.99B.
LYV Recent Insider Trades
Recent insider transactions at Live Nation Entertainment Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| HINSON JEFFREY T. | SELL | 944 | $156581.28 |