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Live Nation Entertainment Inc Stock Research

LYV

65.71USD-0.53(-0.80%)Delayedas of 23 Mar 2023, 01:26 pm

Market Summary

USD65.71-0.53
Delayedas of 23 Mar 2023, 01:26 pm
-0.80%

LYV Alerts

LYV Stock Price

LYV RSI Chart

LYV Valuation

Market Cap

15.2B

Price/Earnings (Trailing)

51.34

Price/Sales (Trailing)

0.91

EV/EBITDA

12.05

Price/Free Cashflow

10.23

LYV Price/Sales (Trailing)

LYV Profitability

EBT Margin

3.03%

Return on Equity

315.56%

Return on Assets

1.8%

Free Cashflow Yield

9.77%

LYV Fundamentals

LYV Revenue

Revenue (TTM)

16.7B

Revenue Y/Y

58.73%

Revenue Q/Q

-30.27%

LYV Earnings

Earnings (TTM)

296.0M

Earnings Y/Y

-4.16%

Earnings Q/Q

-156.18%

Price Action

52 Week Range

65.05121.28
(Low)(High)

Last 7 days

-4.6%

Last 30 days

-12.9%

Last 90 days

-4.6%

Trailing 12 Months

-40.0%

LYV Financial Health

Current Ratio

0.98

Debt/Equity

56.33

Debt/Cashflow

0.35

LYV Investor Care

Shares Dilution (1Y)

2.93%

Diluted EPS (TTM)

0.64

Peers (Alternatives to Live Nation Entertainment)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
175.6B
84.4B
-13.52% -30.63%
52.89
2.08
15.66% 7.72%
141.8B
31.6B
-15.28% -11.62%
31.57
4.49
6.46% -12.20%
15.2B
16.7B
-12.95% -40.02%
51.34
0.91
166.11% 145.47%
MID-CAP
6.3B
1.3B
-4.49% 49.32%
32.07
4.86
17.93% 10.25%
4.6B
3.9B
-10.04% -70.93%
-4.72
1.18
54.73% 23.28%
4.5B
-
-3.27% 12.39%
79.83
5.31
97.57% 3.36%
2.4B
1.5B
-24.37% -23.30%
120.49
1.62
65.41% 113.51%
SMALL-CAP
1.9B
2.0B
-11.56% -31.40%
-20.33
0.98
52.20% 29.12%
1.6B
2.5B
6.77% -21.19%
-5.83
0.64
62.51% 35.86%
399.3M
671.0M
3.81% 30.81%
17.83
0.6
10.71% 16.06%
70.8M
205.8M
-1.46% -17.56%
-3.11
0.34
97.60% -232.34%
57.2M
82.0M
-6.78% -51.01%
-18.49
0.7
3.09% -182.95%
47.2M
175.2M
-45.42% -67.51%
-0.69
0.27
85.09% -73.73%

Financials for Live Nation Entertainment

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue10.5%16,68115,09411,6397,7816,268
  S&GA Expenses9.3%2,9562,7042,3452,0021,755
EBITDA4.4%1,2341,181834354-
EBITDA Margin-5.5%0.07*0.08*0.07*0.05*-
Earnings Before Taxes4.8%505482136-332-611
EBT Margin-5.2%0.03*0.03*0.01*-0.04*-
Interest Expenses0.2%278278278278282
Net Income-2.7%296304-10.43-393-650
Net Income Margin-11.9%0.02*0.02*0.00*-0.05*-
Free Cahsflow3.9%1,4851,4291,9332,713-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.3%16,46115,78716,42116,00714,402
  Current Assets2.9%8,1607,9278,5518,1106,684
    Cash Equivalents13.2%5,6064,9515,8605,8724,885
  Net PPE35.5%1,4881,0981,0891,0861,092
  Goodwill-0.7%2,5292,5482,5632,6052,591
  Current Liabilities8.8%8,3037,6348,6328,2786,856
  Long Term Debt3.2%5,2835,1205,1405,1475,145
Shareholder's Equity168.0%94.0035.00-188--
  Retained Earnings-7.3%-2,971-2,768-3,129-3,317-3,327
  Additional Paid-In Capital-5.4%2,6982,8522,8542,8892,898
Shares Outstanding2.4%231226225222225
Minority Interest-2.5%461473445372394
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations8.8%1,8321,6842,1582,9041,781
  Share Based Compensation-48.9%110215218219209
Cashflow From Investing3.7%-784-814-761-692-566
Cashflow From Financing36.6%-143-2266326791,171

Risks for LYV

What is the probability of a big loss on LYV?

60%


Probability that Live Nation Entertainment stock will be more than 20% underwater in next one year

35%


Probability that Live Nation Entertainment stock will be more than 30% underwater in next one year.

29.2%


Probability that Live Nation Entertainment stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LYV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Live Nation Entertainment was unfortunately bought at previous high price.

Drawdowns

Returns for LYV

Cumulative Returns on LYV

18.8%


10-Year Cumulative Returns

17%


7-Year Cumulative Returns

8.3%


5-Year Cumulative Returns

16.1%


3-Year Cumulative Returns

What are the long-term rolling returns for LYV?

FIve years rolling returns for Live Nation Entertainment.

Annualized Returns

Which funds bought or sold LYV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
172
313,723
524,723
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
5.84
-9,117,910
302,147,000
0.33%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
new
-
1,453,660
1,453,660
0.09%
2023-03-06
Rockefeller Capital Management L.P.
added
14.91
7,000
155,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-56.13
-16,260
10,740
0.01%
2023-02-28
Voya Investment Management LLC
added
24.5
-44,659,000
127,583,000
0.18%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-24.42
-1,666,810
3,765,190
0.01%
2023-02-24
NATIXIS
added
100
587,632
1,289,630
0.01%
2023-02-24
SRS Capital Advisors, Inc.
added
47.06
487
3,487
-%
2023-02-24
National Pension Service
sold off
-100
-20,950,100
-
-%

1–10 of 40

Latest Funds Activity

Are funds buying LYV calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LYV
No. of Funds

Live Nation Entertainment News

Marketscreener.com

Planet Hollywood Resort & Casino's Iconic Live Entertainment ....

Marketscreener.com,
2 hours ago

Simply Wall St

MarketBeat

Marketscreener.com

Schedule 13G FIlings of Live Nation Entertainment

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
melvin capital management lp
0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
7.85%
18,116,631
SC 13G/A
Feb 03, 2023
blackrock inc.
5.9%
13,733,771
SC 13G
Feb 14, 2022
melvin capital management lp
6.1%
13,800,000
SC 13G/A
Nov 12, 2021
melvin capital management lp
6.1%
13,650,000
SC 13G/A
Sep 27, 2021
melvin capital management lp
5.1%
11,075,000
SC 13G
Feb 16, 2021
public investment fund
5.8%
12,565,167
SC 13G/A
Feb 10, 2021
vanguard group inc
6.93%
15,052,744
SC 13G/A
Feb 04, 2021
canada pension plan investment board
4.9%
10,712,583
SC 13G/A
Jun 09, 2020
blackrock inc.
4.9%
10,453,911
SC 13G/A

LYV Fair Value

Live Nation Entertainment fair value in different scenarios

The table shows the Fair Value estimates for Live Nation Entertainment for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

6.96

-89.41%

16.97

-74.17%

43.47

-33.85%

76.95

17.11%

111.20

69.23%
Current Inflation

6.44

-90.20%

15.38

-76.59%

38.46

-41.47%

67.14

2.18%

96.35

46.63%
Very High Inflation

5.79

-91.19%

13.44

-79.55%

32.56

-50.45%

55.75

-15.16%

79.23

20.58%

Historical Live Nation Entertainment Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Live Nation Entertainment

View All Filings
Date Filed Form Type Document
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 23, 2023
10-K
Annual Report
Feb 23, 2023
8-K
Current Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for LYV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-26
Rowles Michael
sold (taxes)
-23,797
68.78
-346
evp & general counsel
2023-02-26
Capo Brian
sold (taxes)
-15,406
68.78
-224
chief accounting officer
2023-02-25
Rowles Michael
sold (taxes)
-22,491
68.78
-327
evp & general counsel
2023-02-25
Hopmans John
sold (taxes)
-150,697
68.78
-2,191
evp, m&a and strategic finance
2023-02-25
Capo Brian
sold (taxes)
-11,555
68.78
-168
chief accounting officer
2022-12-31
Berchtold Joe
sold (taxes)
-27,538,600
69.74
-394,875
president & cfo
2022-12-31
Rapino Michael
sold (taxes)
-45,521,900
69.74
-652,737
president & ceo
2022-12-13
Rapino Michael
gifted
-
-
-33,966
president & ceo
2022-12-09
Rapino Michael
sold (taxes)
-37,745,600
71.77
-525,924
president & ceo
2022-12-09
Rapino Michael
acquired
7,893,000
8.77
900,000
president & ceo

1–10 of 50

Michael Rapino
10200
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.

LYV Income Statement

2022-12-31
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenues$ 16,681,254$ 6,268,447$ 1,861,178
Operating expenses:   
Direct operating expenses12,337,5244,355,9891,402,400
Selling, general and administrative expenses2,955,8841,754,8221,524,342
Depreciation and amortization449,976416,277485,025
Loss (gain) on disposal of operating assets(32,082)(1,211)503
Corporate expenses237,834160,428102,100
Operating income (loss)732,118(417,858)(1,653,192)
Interest expense278,483282,440226,832
Interest income(77,620)(6,625)(11,737)
Equity in losses (earnings) of nonconsolidated affiliates(10,571)(2,520)5,458
Loss (gain) from sale of investments in nonconsolidated affiliates(448)(83,578)1,727
Other expense (income), net36,8273,692(18,807)
Income (loss) before income taxes505,447(611,267)(1,856,665)
Income tax expense (benefit)96,254(2,481)(28,875)
Net income (loss)409,193(608,786)(1,827,790)
Net income (loss) attributable to noncontrolling interests113,20742,118(103,255)
Net income (loss) attributable to common stockholders of Live Nation$ 295,986$ (650,904)$ (1,724,535)
Earnings Per Share, Basic$ 0.66$ (3.09)$ (8.12)
Earnings Per Share, Diluted$ 0.64$ (3.09)$ (8.12)
Weighted average common shares outstanding:   
Weighted average common shares—basic224,809,558217,190,862212,270,944
Weighted average common shares—diluted231,556,866217,190,862212,270,944
Reconciliation to net income (loss) available to common stockholders of Live Nation:   
Net income (loss) attributable to common stockholders of Live Nation$ 295,986$ (650,904)$ (1,724,535)
Accretion of redeemable noncontrolling interests(146,770)(19,771)1,180
Net income (loss) available to common stockholders, basic and diluted, total$ 149,216$ (670,675)$ (1,723,355)

LYV Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 5,606,457,000$ 4,884,729,000
Accounts receivable, less allowance of $63,294 and $50,491, respectively1,465,383,0001,066,573,000
Prepaid expenses949,826,000654,894,000
Restricted cash5,917,0003,063,000
Other current assets131,939,00074,834,000
Total current assets8,159,522,0006,684,093,000
Property, plant and equipment, net1,487,663,0001,091,929,000
Operating lease assets1,571,395,0001,538,911,000
Intangible assets  
Definite-lived intangible assets, net1,050,622,0001,026,338,000
Indefinite-lived intangible assets, net368,712,000369,028,000
Goodwill2,529,380,0002,590,869,000
Long-term advances568,558,000552,697,000
Other long-term assets724,989,000548,453,000
Total assets16,460,841,00014,402,318,000
Current liabilities  
Accounts payable, client accounts1,791,025,0001,532,345,000
Accounts payable180,076,000110,623,000
Accrued expenses2,368,434,0001,645,906,000
Deferred revenue3,134,800,0002,774,792,000
Current portion of long-term debt, net620,032,000585,254,000
Current portion of operating lease liabilities140,232,000123,715,000
Other current liabilities68,716,00083,087,000
Total current liabilities8,303,315,0006,855,722,000
Long-term debt, net5,283,467,0005,145,484,000
Long-term operating lease liabilities1,654,525,0001,606,064,000
Long-term deferred income taxes305,524,000236,549,000
Other long-term liabilities455,971,000431,581,000
Commitments and contingent liabilities
Redeemable noncontrolling interests669,766,000551,921,000
Stockholders' equity  
Common stock, $0.01 par value; 450,000,000 shares authorized; 231,671,647 and 225,082,603 shares issued and 231,263,623 and 224,674,579 shares outstanding in 2022 and 2021, respectively2,285,0002,220,000
Additional paid-in capital2,698,316,0002,897,695,000
Accumulated deficit(2,971,229,000)(3,327,737,000)
Cost of shares held in treasury(6,865,000)(6,865,000)
Accumulated other comprehensive loss(90,076,000)(147,964,000)
Total Live Nation stockholders' equity(367,569,000)(582,651,000)
Noncontrolling interests461,366,000394,197,000
Total equity93,797,000(188,454,000)
Total liabilities and equity16,460,841,00014,402,318,000
Series A Preferred Stock [Member]  
Stockholders' equity  
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding00
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding00
Preferred Stock [Member]  
Stockholders' equity  
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding00
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding$ 0$ 0