COMP <GO>
LLYVK vs WMG // EV/EBITDA & P/E VALUATION
Liberty Live Holdings Inc. Series C Liberty Live Group (NASDAQ) VS. Warner Music Group Corp. (NASDAQ) • 15-METRIC TALLY: LLYVK 5
— WMG 8
■ METRIC PARITY
LAST: $104.37 (+0.94%) • MKT CAP: $9.51B
valuation
—
LAST: $30.62 (+0.49%) • MKT CAP: $15.94B
valuation
23.4x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (LLYVK VS. WMG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | LLYVK | WMG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 19.20% | 45.80% | -26.60 | WMG | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -5.40% | 14.30% | -19.70 | WMG | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 23.4x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -0.49% | 3.38% | -3.87 | WMG | /fcf-yield <GO> |
| Operating Margin | -13.50% | 10.30% | -23.80 | WMG | /operating-margins <GO> |
| Net Profit Margin | -22.80% | 5.40% | -28.20 | WMG | /net-margins <GO> |
| Revenue Growth (YoY) | 12.20% | 4.40% | +7.80 | LLYVK | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.40% | -2.40 | WMG | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.96 | 1.61 | +0.35 | LLYVK | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 6/9 | -2.00 | WMG | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 61.0 | 57.3 | +3.70 | LLYVK | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.10 | 0.95 | +0.15 | LLYVK | /macro-sensitivity <GO> |
| Forward P/E Multiple | 19.0x | 40.6x | -21.60 | LLYVK | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $9.51B | $15.94B | -$6.43B | WMG | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | LLYVK REV | WMG REV | LLYVK GROSS % | WMG GROSS % | LLYVK FCF | WMG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $382.0M | $6.71B | 19.2% | 45.8% | -$46.6M | $539.0M |
| FY 2024 | $340.5M | $6.43B | 16.0% | 47.8% | -$40.6M | $638.0M |
| FY 2023 | — | $6.04B | — | — | — | $415.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
LLYVK // BETA 1.10
WMG // BETA 0.95