Live Nation Entertainment Inc

Live Nation Entertainment Inc

LYV

Market Cap$35.46B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Live Nation Entertainment IncLive Nation Entertainment Inc72-151%1.539

Earnings Call Q3 2024

November 11, 2024 - AI Summary

Strong Revenue Growth Forecasts: Live Nation expects a strong fourth quarter (Q4) 2024 and subsequent quarters, with Ticketmaster sales up 15% year-on-year in October and concert sales up 23%. This growth is anticipated due to a robust pipeline of stadium and arena shows, with over 200 events scheduled to go on sale shortly, which should positively impact revenues and AOI (Adjusted Operating Income).
Sponsorship Business Performance: The company’s Sponsorship segment continues to thrive, with a 20% increase in the number of strategic partners this year. Michael Rapino, CEO, indicated that the shift towards experiential marketing and global expansion in shows provides ample opportunities for further growth in this segment, contributing to continued AOI increases in 2025 and beyond.
Challenges with Foreign Exchange (FX) Impact: The company flagged potential mid-teens FX impacts specific to their Latin American segment for Q4 due to recent currency fluctuations. While the overall growth metrics for Latin America remain strong, this FX risk could slightly affect their NOI (Net Operating Income) for the quarter.

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$146.00

Target Price by Analysts

5.6% downsideLive Nation Entertainment Target Price DetailsTarget Price
$126.53

Current Fair Value

18.2% downside

Overvalued by 18.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$35.46 Billion
Enterprise Value$41.19 Billion
Dividend Yield$0 (0%)
Earnings per Share$1.38
Beta1.33
Outstanding Shares230,374,307

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio71.95
PEG-1097.75
Price to Sales1.53
Price to Book Ratio38.68
Enterprise Value to Revenue1.77
Enterprise Value to EBIT37.35
Enterprise Value to Net Income94
Total Debt to Enterprise0.27
Debt to Equity38.97

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Live Nation Entertainment Inc

CEO: Michael Rapino