Live Ventures Incorporated (LIVE) 주식 분석

회사 개요

Live Ventures Incorporated is a multi-segment enterprise that engages in the manufacturing and retail of flooring and steel products within the United States market. The company operates across five distinct segments, including Retail-Entertainment, Retail-Flooring, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other, reflecting a diversified operational scope within the consumer cyclical sector. Specifically, the firm is categorized under the Home Improvement Retail industry, which implies its primary revenue drivers are tied to consumer spending on home renovation and maintenance goods. As of the latest data, the company holds a market capitalization of $41.62M and reports annual revenue of $441.98M while employing 1,366 individuals. These valuation and revenue figures indicate that Live Ventures operates as a mid-sized entity with a significant physical footprint, yet its market cap suggests a valuation significantly below its reported revenue, positioning it as a small-cap stock with a price-to-sales ratio of 0.09. The scale of operations involving 1,366 employees across manufacturing and retail channels underscores the labor-intensive nature of the flooring and steel production business in the current economic environment.

재무 건전성

Live Ventures Incorporated reported a trailing twelve-month revenue of $441.98M, generating net income of $22.19M and an EBITDA of $34.11M during the same period. The substantial gap between the $441.98M in revenue and the $22.19M in net income reveals a cost structure characterized by high operating expenses, resulting in a profit margin of only 5.0%. The company maintains a free cash flow of $22.43M, which indicates a degree of financial flexibility to cover capital expenditures or operational costs despite the lower net income relative to revenue. Margins are further segmented into a gross margin of 33.0%, an operating margin of 3.2%, and a profit margin of 5.0%, where the low operating margin suggests significant overhead costs relative to sales volume. On the balance sheet, the company holds $15.13M in cash against total debt of $224.05M, resulting in a debt-to-equity ratio of 235.12, which characterizes the financial position as highly leveraged rather than conservative. Liquidity is supported by a current ratio of 1.68, indicating that the company possesses sufficient current assets to cover its short-term liabilities with a margin of safety. Management effectiveness is reflected in a return on equity of 26.3% and a return on assets of 2.8%, showing that the company generates strong returns on shareholder capital despite the high leverage and lower asset efficiency.

밸류에이션 평가

The stock carries a trailing P/E ratio of 2.85 and a forward P/E of 1.81, where the significant difference between these metrics implies an expectation of substantial earnings contraction or a re-rating of earnings quality in the coming year. The price-to-book ratio stands at 0.44, indicating that the market values the company at less than half of its net asset book value, suggesting a deep discount to tangible assets or potential distress pricing. Alternative valuation metrics such as the price-to-sales ratio of 0.09 and an EV/EBITDA of 7.34 suggest that the market is pricing in significant downside risk or expecting a prolonged period of low profitability. The 52-week price range spans from a low of $7.01 to a high of $25.88, and based on the current market capitalization and implied share price dynamics, the stock is trading at a level that reflects a distance from the 52-week high, highlighting its volatility within the established trading band. The beta value of 1.16 indicates that the stock is expected to be 16% more volatile than the broader market, exposing investors to higher price swings during periods of market stress.

Growth & Income

Live Ventures Incorporated experienced a revenue growth rate of -2.7% year-over-year, while earnings growth is listed as N/A, indicating that earnings performance is not currently expanding in line with revenue or potentially declining due to the negative revenue trend. The absence of a positive earnings growth rate relative to the negative revenue growth suggests that the company is facing headwinds in both top-line sales and profitability that are not being offset by efficiency gains. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, meaning it does not distribute a portion of its earnings to shareholders but instead retains all profits for internal reinvestment. The overall growth and income profile for Live Ventures is defined by a lack of dividend income and a contraction in revenue, which positions the stock primarily as a speculative play on a turnaround scenario rather than a yield-generating investment.