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Live Nation Entertainment (MEX:LYV) Cyclically Adjusted Price-to-FCF : 38.84 (As of Jun. 25, 2024)


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What is Live Nation Entertainment Cyclically Adjusted Price-to-FCF?

As of today (2024-06-25), Live Nation Entertainment's current share price is MXN1647.00. Live Nation Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was MXN42.40. Live Nation Entertainment's Cyclically Adjusted Price-to-FCF for today is 38.84.

The historical rank and industry rank for Live Nation Entertainment's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MEX:LYV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.98   Med: 53.56   Max: 128.09
Current: 33.1

During the past years, Live Nation Entertainment's highest Cyclically Adjusted Price-to-FCF was 128.09. The lowest was 19.98. And the median was 53.56.

MEX:LYV's Cyclically Adjusted Price-to-FCF is ranked worse than
75.48% of 367 companies
in the Media - Diversified industry
Industry Median: 15.63 vs MEX:LYV: 33.10

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Live Nation Entertainment's adjusted free cash flow per share data for the three months ended in Mar. 2024 was MXN60.980. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MXN42.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Live Nation Entertainment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Live Nation Entertainment's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Live Nation Entertainment Cyclically Adjusted Price-to-FCF Chart

Live Nation Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.68 91.33 75.00 31.28 37.21

Live Nation Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.40 33.81 34.50 37.21 39.17

Competitive Comparison of Live Nation Entertainment's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, Live Nation Entertainment's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Live Nation Entertainment's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Live Nation Entertainment's Cyclically Adjusted Price-to-FCF falls into.



Live Nation Entertainment Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Live Nation Entertainment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1647.00/42.4
=38.84

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Live Nation Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Live Nation Entertainment's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=60.98/131.7762*131.7762
=60.980

Current CPI (Mar. 2024) = 131.7762.

Live Nation Entertainment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -4.292 100.560 -5.624
201409 -22.947 100.428 -30.110
201412 18.765 99.070 24.960
201503 24.243 99.621 32.068
201506 -1.741 100.684 -2.279
201509 -32.993 100.392 -43.307
201512 22.651 99.792 29.911
201603 41.539 100.470 54.482
201606 -4.842 101.688 -6.275
201609 -38.399 101.861 -49.676
201612 42.630 101.863 55.149
201703 64.903 102.862 83.147
201706 -2.386 103.349 -3.042
201709 -36.208 104.136 -45.819
201712 13.852 104.011 17.550
201803 61.909 105.290 77.483
201806 -28.582 106.317 -35.426
201809 -28.721 106.507 -35.535
201812 57.319 105.998 71.259
201903 38.248 107.251 46.994
201906 -24.026 108.070 -29.296
201909 -31.794 108.329 -38.675
201912 28.615 108.420 34.779
202003 60.763 108.902 73.526
202006 -118.343 108.767 -143.378
202009 -62.916 109.815 -75.498
202012 -15.082 109.897 -18.085
202103 4.841 111.754 5.708
202106 96.891 114.631 111.382
202109 -17.147 115.734 -19.524
202112 65.410 117.630 73.277
202203 101.917 121.301 110.718
202206 22.729 125.017 23.958
202209 -57.403 125.227 -60.405
202212 65.583 125.222 69.016
202303 82.079 127.348 84.933
202306 26.052 128.729 26.669
202309 -70.508 129.860 -71.549
202312 35.178 129.419 35.819
202403 60.980 131.776 60.980

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Live Nation Entertainment  (MEX:LYV) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Live Nation Entertainment Cyclically Adjusted Price-to-FCF Related Terms

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Live Nation Entertainment (MEX:LYV) Business Description

Traded in Other Exchanges
Address
9348 Civic Center Drive, Beverly Hills, CA, USA, 90210
Live Nation is the largest live entertainment firm in the world with over 670 million fans served in 48 countries in 2022 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 338 venues including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 550 million tickets for over 12,000 clients in 2022. Its artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 31% of Live Nation, held under its Sirius XM tracking stock. Liberty plans to spin off its stake into a dedicated tracking stock.