Analyzing Live Nation Entertainment's Fundamental Performance

By Scott Lee • Friday, May 03 15:12 • Permanent Link

With gains of 7.4%, Live Nation Entertainment was one of the winners on Wall Street today. Its shares are now trading at $94.84 and have logged a 1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Live Nation Entertainment has moved 14.4% over the last year, and the S&P 500 logged a change of 22.4%
LYV has an average analyst rating of buy and is -19.65% away from its mean target price of $118.04 per share
Its trailing earnings per share (EPS) is $1.37
Live Nation Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 69.2 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $2.22 and its forward P/E ratio is 42.7
Live Nation Entertainment is part of the Consumer Discretionary sector, which has an average P/E ratio of 22.96 and an average P/B of 4.24
The company has a free cash flow of $649.85 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. 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. This segment operates and manages music venues; produces music festivals; creates and streams 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 and consumers with marketplace for tickets and event information through mobile apps, other websites, retail outlets, and its primary websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment sells tickets for its events and third-party clients in various live event categories. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online, and promotional programs; rich media offering that comprises 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. It owns, operates, or leases entertainment venues. 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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.