LYV Intrinsic Value Calculation – Morgan Stanley Upgrades Live Nation Stock to ‘Overweight’ Rating
December 16, 2023
🌧️Trending News
Live Nation Entertainment ($NYSE:LYV), the world’s leading live entertainment company, is a major beneficiary of Morgan Stanley’s recent decision to upgrade its stock to an “Overweight” rating. Morgan Stanley’s upgrade reflects their positive outlook on the success of the company and its stock. The company is now one of the industry’s largest promoters of live concerts and other events, as well as ticketing services. It also owns a variety of media and entertainment properties, including the House of Blues chain and specialty venues. With the “Overweight” rating from Morgan Stanley, Live Nation Entertainment’s stock has seen a noticeable rise in value. This upgrade is based on Morgan Stanley’s assessment of the company’s strong financial performance and its ability to capture market share from smaller competitors.
Additionally, Morgan Stanley analysts believe that Live Nation will benefit from an influx of younger customers as they become more interested in attending live events. Overall, the upgrade from Morgan Stanley to an “Overweight” rating is a very positive sign for Live Nation Entertainment and its stock. The company is in a strong position to continue growing its business and to capitalize on the growing demand for live entertainment. With this new rating, investors can be reassured that Live Nation Entertainment is well-positioned to continue its success.
Stock Price
On Thursday, Morgan Stanley upgraded LIVE NATION ENTERTAINMENT stock to an ‘Overweight’ rating, and the stock responded positively. LIVE NATION ENTERTAINMENT stock opened at $91.0 on Thursday and closed at $93.1, representing a 5.7% increase from its previous closing price of 88.1. The stock’s performance was further bolstered by analysts’ positive sentiment towards the company’s prospects in the live event industry. Analysts believe that Live Nation’s strong presence in the market and its aggressive growth strategy will help to drive further gains for the company in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LYV. More…
| Total Revenues | Net Income | Net Margin |
| 21.2k | 521.93 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LYV. More…
| Operations | Investing | Financing |
| 1.67k | -888.93 | 76.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LYV. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.14k | 17.44k | 0.96 |
Key Ratios Snapshot
Some of the financial key ratios for LYV are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 67.5% | 29.5% | 5.7% |
| FCF Margin | ROE | ROA |
| 5.6% | 4403.0% | 4.0% |
Analysis – LYV Intrinsic Value Calculation
At GoodWhale, we have analyzed the financials of LIVE NATION ENTERTAINMENT with our proprietary Valuation Line. According to our analysis, the fair value of the LIVE NATION ENTERTAINMENT share is around $380.7. Interestingly, the LIVE NATION ENTERTAINMENT stock is currently being traded at a price of $93.1, which is significantly below its fair value, thus implying it is undervalued by 75.5%. Therefore, investing in LIVE NATION ENTERTAINMENT may be a wise decision right now. More…
Peers
Its competitors include Warner Bros. Discovery Inc, SD Entertainment Inc, Imagination TV Inc.
– Warner Bros.Discovery Inc ($NASDAQ:WBD)
Discovery Inc. is an American global mass media and entertainment company. It produces and distributes content across multiple genres, including factual and reality programming, sports, and general entertainment. The company has a market cap of 32.75B and a ROE of -5.76%. Discovery Inc. was founded in 1985 and is headquartered in Silver Spring, Maryland.
– SD Entertainment Inc ($TSE:4650)
S2 Games is a publicly traded American video game developer and publisher headquartered in Boston, Massachusetts. The company was founded in 2003 by James Green and Marc DeForest. S2 Games is best known for developing the video game franchises HoN and Strife. As of 2022, S2 Games has a market cap of 2.46B and a return on equity of 14.92%. The company specializes in developing and publishing free-to-play online games.
– Imagination TV Inc ($OTCPK:IMTV)
Imagination TV Inc is a publicly traded company with a market cap of 1.22k as of 2022. The company has a Return on Equity of 143.46%. Imagination TV Inc is a media and entertainment company that creates and distributes content across multiple platforms. The company’s content is distributed through television, film, digital, and social media.
Summary
Live Nation Entertainment is a major player in the entertainment industry, providing live music and other events. Morgan Stanley recently upgraded the company’s stock to an “Overweight” rating, indicating strong potential for investor returns. Following the upgrade, Live Nation’s stock price saw a significant uptick, indicating a positive market reaction. Analysts cite the company’s strong global presence as well as its focus on diversifying its portfolio as two primary areas of strength.
Additionally, with a large youth demographic and favorable industry trends, Live Nation is expected to continue enjoying growth and increased investor interest in the near future.
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