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Live Nation Entertainment (STU:3LN) Cyclically Adjusted Price-to-FCF : 32.77 (As of Jun. 17, 2024)


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

As of today (2024-06-17), Live Nation Entertainment's current share price is €82.26. Live Nation Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.51. Live Nation Entertainment's Cyclically Adjusted Price-to-FCF for today is 32.77.

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

STU:3LN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.98   Med: 53.67   Max: 128.09
Current: 32.87

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 53.67.

STU:3LN's Cyclically Adjusted Price-to-FCF is ranked worse than
75.14% of 366 companies
in the Media - Diversified industry
Industry Median: 16.135 vs STU:3LN: 32.87

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 €3.380. 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 €2.51 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
=82.26/2.51
=32.77

* 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)
=3.38/131.7762*131.7762
=3.380

Current CPI (Mar. 2024) = 131.7762.

Live Nation Entertainment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.244 100.560 -0.320
201409 -1.326 100.428 -1.740
201412 1.032 99.070 1.373
201503 1.469 99.621 1.943
201506 -0.099 100.684 -0.130
201509 -1.740 100.392 -2.284
201512 1.209 99.792 1.596
201603 2.167 100.470 2.842
201606 -0.233 101.688 -0.302
201609 -1.769 101.861 -2.289
201612 1.960 101.863 2.536
201703 3.223 102.862 4.129
201706 -0.117 103.349 -0.149
201709 -1.674 104.136 -2.118
201712 0.596 104.011 0.755
201803 2.764 105.290 3.459
201806 -1.245 106.317 -1.543
201809 -1.316 106.507 -1.628
201812 2.566 105.998 3.190
201903 1.745 107.251 2.144
201906 -1.107 108.070 -1.350
201909 -1.462 108.329 -1.778
201912 1.366 108.420 1.660
202003 2.345 108.902 2.838
202006 -4.553 108.767 -5.516
202009 -2.418 109.815 -2.902
202012 -0.623 109.897 -0.747
202103 0.199 111.754 0.235
202106 4.040 114.631 4.644
202109 -0.709 115.734 -0.807
202112 2.822 117.630 3.161
202203 4.648 121.301 5.049
202206 1.069 125.017 1.127
202209 -2.882 125.227 -3.033
202212 3.176 125.222 3.342
202303 4.253 127.348 4.401
202306 1.403 128.729 1.436
202309 -3.793 129.860 -3.849
202312 1.900 129.419 1.935
202403 3.380 131.776 3.380

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  (STU:3LN) 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

Thank you for viewing the detailed overview of Live Nation Entertainment's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Live Nation Entertainment (STU:3LN) 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.

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