Deep dive on Live Nation ($LYV)
Paid subscribers to Jonah’s Growth Stock Deep Dives receive ~3 deep dives per month (~8,000 words) and ~3 mini deep dives per month (~2,000 words) plus access to my current investment portfolio (up +13.3% in 2024, up +134.7% in 2023 and up +1,200% since January 2020) plus my investment models and daily webcasts.
I also run a Stocktwits rooms where I post about my investment portfolio and my trading portfolio (up +97.3% in 2023) including morning newsletter, daily activity updates, daily charts, market/macro opinions, quarterly earnings analysis, daily webcasts and much more.
Company: Live Nation Entertainment
Date published: October 2023
Ticker: (LYV)
Website: LiveNation.com
IPO date: December 2005
IPO price: $10.85
Current stock price: $79.95
Outstanding shares: 228.1 million
52 week high: $101.74 on July 28, 2023
52 week low: $64.25 on March 24, 2023
ATH: $126.79 on February 25, 2022
Market cap: $18.2 billion
Net cash/debt: $1.3 billion (net debt)
Enterprise value: $19.5 billion
Headquarters: Beverly Hills, California, United States
Number of employees: 12,800+
Average price target from analysts: $108.76 or 36% above current price
Investor Relations:
https://investors.livenationentertainment.com
Q2 2023 Earnings Report: https://d1io3yog0oux5.cloudfront.net/_19a4ef8dcbafbc8831d0b9748379b404/livenationentertainment/db/670/6275/earnings_release_pdf/LYV+2Q23+ER+Final+V2+.pdf
Q2 2023 Trended Results: https://d1io3yog0oux5.cloudfront.net/_19a4ef8dcbafbc8831d0b9748379b404/livenationentertainment/db/670/6275/trended_results_grid_pdf/2Q23+LNE+Trended+Results+Grid.pdf
Q2 2023 Earnings Transcript: https://d1io3yog0oux5.cloudfront.net/_19a4ef8dcbafbc8831d0b9748379b404/livenationentertainment/db/670/6275/transcript/2Q23+LNE+Live+Call+Transcript.pdf
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Business Model [part 1]
Competitive Advantages [part 1]
Risks [part 1]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Additional Sources [part 1, 2]