# Live Nation Entertainment Inc. (LYV) — Stock CV

Live Nation Entertainment Inc. is a $39.7B consumer company. Revenue grew 10.6% over the last year, it keeps 1¢ of every dollar of sales as profit, and its net debt equals ~0.8 years of free cash flow. It trades at 298.0× earnings.

> Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising.

## Identity

- **Ticker**: LYV
- **Sector**: Consumer Cyclical
- **Industry**: Services-Amusement & Recreation Services
- **Headquarters**: BEVERLY HILLS, CA
- **Employees**: 17 700
- **Website**: https://www.livenationentertainment.com
- **Market cap**: $39.7B
- **Last price**: $170.33
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $20.0B
- **Net income**: $135M
- **Free cash flow**: $1.38B
- **Net debt**: $1.11B
- **P/E**: 298.0
- **Revenue growth (YoY)**: 10.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 42 |
| Growth | 45 |
| Profitability | 61 |
| Health | 47 |
| Quality | 53 |
| Moat | 36 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +10.6% YoY
- [x] Profitable — $135M TTM
- [x] Profit growing — +18.8% YoY
- [x] Generates cash — $1.38B TTM
- [x] Debt under control — ~0.8y of cash flow to repay
- [x] Established company — $39.7B market cap
- [x] Not printing shares — +0.1% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — Altman Z 1.2 — distress
- [ ] Valuation not extreme — P/E 298.0

## Experience (career milestones)

- **FY2024** — Best year on record: $896M net income
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **FY2017** — Revenue crossed $10B: $10.3B for the year
- **FY2016** — First recorded profitable year: $2.94M net income
- **FY2016** — Revenue already above $1B: $8.35B in first reported year
- **2010** — Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010…
- **2009** — The merger was approved first in Norway and Turkey in 2009

## Strengths

- Revenue growing 10.6% year over year
- Could repay net debt from ~1.6 years of free cash flow
- Interest covered 7.3× by operating earnings
- High returns on invested capital (ROIC 54.2%)
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Altman Z-Score 1.16 — elevated financial-distress risk
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | — | -$651M | $1.63B |
| FY2022 | — | $296M | $1.48B |
| FY2023 | — | $563M | $932M |
| FY2024 | — | $896M | $1.08B |
| FY2025 | — | $496M | $334M |

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Source: https://stockcv.com/LYV — derived from company filings; may be delayed or incomplete. Information, not investment advice.