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Live Ventures Inc (LIVE)
:LIVE
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Live Ventures
(NASDAQ:LIVE)
Rating:54Neutral
Price Target:
$14.00
▲(8.53%Upside)
Live Ventures (LIVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.94M
Dividend YieldN/A
Average Volume (3M)11.96K
Price to Earnings (P/E)―
Beta (1Y)-0.40
Revenue Growth5.53%
EPS Growth15.64%
CountryUS
Employees1,429
SectorConsumer Cyclical
Sector Strength59
IndustryHome Improvement
Share Statistics
EPS (TTM)5.05
Shares Outstanding3,076,802
10 Day Avg. Volume9,759
30 Day Avg. Volume11,956
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.80
Price to Sales (P/S)0.00
P/FCF Ratio31.84
Enterprise Value/Market Cap5.18
Enterprise Value/Revenue0.12
Enterprise Value/Gross Profit1.51
Enterprise Value/Ebitda4.92
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Live Ventures Business Overview & Revenue Model
Company DescriptionLive Ventures Incorporated, together with its subsidiaries, engages in the flooring and steel manufacturing, and retail businesses in the United States. The company's Flooring Manufacturing segment manufactures and sells carpets and rugs, and yarn products focusing on the residential, niche commercial, and hospitality end-markets; and resells hard surface flooring products. This segment serves flooring dealers, home centers, and other flooring manufacturers, as well as directly to end users. Its Steel Manufacturing segment manufactures and sells pre-finished de-carb free tool and die steel products, such as deluxe alloy plates, deluxe tool steel plates, precision ground flat stock products, and drill rods. This segment serves steel distributors and steel service centers. The company's Retail segment operates 63 specialty entertainment retail storefronts that offer entertainment products, including new and pre-owned movies, video games, and music products, as well as ancillary products, such as books, comics, toys, and collectibles. It buys, sells, and trades in new and pre-owned movies, music, video games, electronics, and collectibles through 35 Vintage Stock, 3 V-Stock, 13 Movie Trading company, and 12 EntertainMart retail locations in Arkansas, Colorado, Idaho, Illinois, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, Texas, and Utah, as well as sells new and used movies, video games, music, and toys through Website, vintagestock.com. This segment also offers services to customers, such as rentals, special orders, disc and video game hardware repair services, and other services. Its Corporate and Other segment provides product and service for new customers. Live Ventures Incorporated was incorporated in 1968 and is based in Las Vegas, Nevada.
How the Company Makes MoneyLive Ventures makes money primarily through the operations of its diverse portfolio of subsidiaries. Each subsidiary generates revenue from its specific sector activities, such as retail sales, manufacturing contracts, and service fees. The company benefits from the operational profits of its subsidiaries, reinvesting these earnings into further acquisitions and business expansions. Additionally, strategic management and cost efficiencies within these businesses contribute significantly to Live Ventures' earnings. Significant partnerships or market positions within their industries also play a crucial role in bolstering their revenue streams.
Live Ventures Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q2-2025)
| % Change Since: -11.10%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted several positive outcomes, such as operational improvements in key segments and successful debt renegotiation, leading to increased net income and EBITDA. However, the company faced significant revenue declines across various segments, primarily due to industry-specific challenges and reduced consumer demand.Q2-2025 Updates
Positive Updates
Operational Improvements in Key Segments
Retail-Entertainment and Steel Manufacturing segments delivered higher operating income and operating margins compared to the same period last year.
Successful Debt Renegotiation
Negotiated a $19 million reduction in Flooring Liquidators seller notes, resulting in a $22.8 million gain for Live Ventures.
Increased Gross Margin
Gross margin percentage increased to 32.8%, up from 29.9% in the prior year period.
Improved Net Income
Net income before taxes was $21.1 million, compared to a prior year period net loss before taxes of $4.5 million. Net income was approximately $15.9 million for the quarter, compared to a net loss of $3.3 million in the prior year period.
Adjusted EBITDA Growth
Adjusted EBITDA increased to approximately $6.4 million, up by $2 million compared to the prior year period.
Negative Updates
Decline in Total Revenue
Total revenue for the quarter decreased by $9.8 million to approximately $107 million, driven by declines in Retail-Flooring, Flooring Manufacturing, and Steel Manufacturing segments.
Challenges in Flooring Segments
Retail-Flooring segment revenue decreased by $4.6 million, or 14.5%, due to industry-specific headwinds and the disposition of certain stores. Flooring Manufacturing segment revenue decreased by $4.4 million, or 12.8%, due to reduced consumer demand.
Reduced Steel Manufacturing Revenue
Steel Manufacturing segment revenue decreased by $4.2 million, or 11.7%, due to lower sales volumes, partially offset by incremental revenue from a recent acquisition.
Company Guidance
During the Live Ventures Fiscal Year Second Quarter 2025 conference call, the company reported a total revenue decrease of $9.8 million, down to approximately $107 million, driven by declines in the Retail-Flooring, Flooring Manufacturing, and Steel Manufacturing segments. Despite this, the Retail-Entertainment segment saw a 9.6% increase in revenue to $18.5 million. The company successfully negotiated a $19 million reduction in Flooring Liquidators seller notes, resulting in a $22.8 million gain. Gross profit remained steady at $35.1 million, with a gross margin increase to 32.8%. Operating income and margins improved in the Retail-Entertainment and Steel Manufacturing segments. Net income rose to $15.9 million, with a diluted EPS of $5.05. Adjusted EBITDA increased to $6.4 million due to cost reduction initiatives and the acquisition of Central Steel. The company ended the quarter with $26.6 million in cash availability and repurchased 31,323 shares of common stock at an average price of $8.28 per share.Live Ventures Financial Statement Overview
Summary
Live Ventures presents a mixed financial picture. Revenue and profitability are declining, with a negative net profit margin and high leverage posing financial risks. However, the company demonstrates strong cash flow management and operational efficiency with a positive EBITDA margin.Income Statement
Live Ventures shows mixed performance in its income statement. The TTM revenue decreased by 3.7% compared to the previous annual report, indicating a declining revenue trend. The gross profit margin is reasonable at 31.5%, but the company is struggling with profitability as highlighted by the negative net profit margin of -1.4% and negative EBIT margin of -3%. Despite these challenges, EBITDA margin remains positive at 1.8%, showcasing some operational efficiency.60
Neutral
Balance Sheet
The balance sheet presents a high debt-to-equity ratio of 1.06, indicating significant leverage which could pose financial risk. The equity ratio stands at 22.6%, showing a moderate level of financial stability. Return on equity is negative at -7.2%, reflecting challenges in generating returns for shareholders. Overall, the balance sheet reflects a need for improved financial health and reduced leverage.55
Neutral
Cash Flow
Cash flow analysis reveals a positive trajectory with free cash flow growth of 54% in the TTM period. The operating cash flow to net income ratio is strong at -4.42, demonstrating robust cash generation compared to reported losses. The free cash flow to net income ratio is -2.94. This indicates that despite net losses, the company efficiently manages its cash flows, which is a positive sign for liquidity.70
Positive
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 455.14M | 472.84M | 355.17M | 286.91M | 272.98M | 191.72M | Gross Profit |
| 143.54M | 144.82M | 115.57M | 97.83M | 99.46M | 75.32M | EBIT |
| -13.49M | -13.64M | 15.45M | 13.07M | 35.79M | 20.42M | EBITDA |
| 8.35M | -13.64M | 33.27M | 29.47M | 51.46M | 20.42M | Net Income Common Stockholders |
| -6.36M | -26.68M | -102.00K | 24.74M | 31.20M | 10.93M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.93M | 4.60M | 4.31M | 4.60M | 4.66M | 8.98M | Total Assets |
| 393.58M | 407.55M | 421.81M | 278.64M | 211.74M | 197.26M | Total Debt |
| 94.07M | 258.05M | 244.53M | 143.66M | 94.16M | 115.95M | Net Debt |
| 87.14M | 253.44M | 240.22M | 139.06M | 89.50M | 106.97M | Total Liabilities |
| 304.65M | 334.66M | 321.68M | 181.47M | 136.66M | 153.59M | Stockholders Equity |
| 88.93M | 72.89M | 100.14M | 97.61M | 75.53M | 43.94M |
| Cash Flow | Free Cash Flow | ||||
| 18.70M | 12.14M | 15.99M | 2.45M | 17.77M | 24.91M | Operating Cash Flow |
| 28.11M | 20.61M | 26.00M | 14.58M | 29.19M | 28.79M | Investing Cash Flow |
| -20.89M | -21.48M | -63.88M | -40.04M | -17.42M | -8.78M | Financing Cash Flow |
| -4.78M | 1.16M | 37.60M | 25.39M | -16.09M | -13.71M |
Live Ventures Technical Analysis
Negative
12.90
Price Trends
15.03
Negative
11.63
Positive
11.94
Positive
Market Momentum
-0.56
Positive
31.04
Neutral
3.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIVE, the sentiment is Negative. The current price of 12.9 is below the 20-day moving average (MA) of 19.94, below the 50-day MA of 15.03, and above the 200-day MA of 11.94, indicating a neutral trend. The MACD of -0.56 indicates Positive momentum. The RSI at 31.04 is Neutral, neither overbought nor oversold. The STOCH value of 3.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LIVE.
Live Ventures Risk Analysis
Live Ventures disclosed 47 risk factors in its most recent earnings report. Live Ventures reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Live Ventures Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $335.64M | 16.33 | 6.97% | 5.89% | -12.29% | -55.73% | |
70 Neutral | $335.64M | 16.23 | 6.97% | 6.16% | -12.29% | -55.73% | |
63 Neutral | $6.98B | 11.41 | 2.80% | 4.24% | 2.68% | -24.94% | |
55 Neutral | $47.57M | ― | -1.87% | ― | -3.83% | 89.89% | |
54 Neutral | $41.94M | ― | -6.89% | ― | 5.53% | 15.64% | |
51 Neutral | $38.73M | ― | -5.77% | 6.35% | 15.70% | -337.22% |
* Consumer Cyclical Sector Average
Performance Comparison
LIVE
Live Ventures
12.90
-11.78
-47.73%
HVT.A
Haverty Furn Cl A SC
20.16
-4.64
-18.71%
HVT
Haverty
19.93
-4.76
-19.28%
SYPR
Sypris
1.93
0.05
2.66%
JRSH
Jerash Holdings (US)
3.15
0.28
9.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.