Vivid Seats Inc.

Consumer Discretionary
Services-Misc. Amusement & Recreation
www.vividseats.com

Earnings Score
Safety Score

Market Cap $261.65M
PE 8
Debt $394.01M
Cash $208.46M
EV $447.20M
FCF $38.19M

Earnings

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Sales & Net Margins

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Earnings	$30.81M
ROE	9%
FCF	$38.19M
Equity	$329.44M
Growth Stability	1
PE	8.49
PEG	0.11
PB	0.79
P/FCF	6.85
P/S	0.4
Price/Cash	0.8
Debt/Equity	1.2
Debt/FCF	10.32
Net Margins	5%
Earnings CAGR	81%
Sales Growth YoY	-1%
Sales Growth QoQ	-10%
Sales CAGR	20%
FCF CAGR	-6%
Equity CAGR	-6%
Earnings Stability	-0.46
Earnings Growth YoY	-40%
Earnings Growth QoQ	67%

Earnings CAGR 5Y	81%
Sales CAGR 5Y	20%
FCF CAGR 5Y	-6%
Equity CAGR 5Y	-6%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	14%
Equity CAGR 3Y	8%
Market Cap	$261.65M
Revenue	$649.98M
Assets	$1.61B
Total Debt	$394.01M
Cash	$208.46M
EV	447.2M
Earnings Score	6%
Safety Score	75%
Working Capital	-86.77M
Current Ratio	0.79
Shares Growth 3y	-0%
Equity Growth QoQ	111%
Equity Growth YoY	-374%

Assets & ROA

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Stockholders Equity & ROE

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Vivid Seats Inc is an online ticket marketplace for connecting fans to live events, artists. It is the official ticketing partner by brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy. It operates in two segments namely marketplace and resale.

SEC Filings

Direct access to Vivid Seats Inc. (SEAT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Vivid Seats Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Vivid Seats Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 81%

Stability -46%

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Vivid Seats Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Vivid Seats Inc..

Years

Calculation mode

= $251M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$38M	$36M	$33M	$31M	$29M	$28M	$26M	$24M	$23M	$21M	$20M	$198M
DCF		$33M	$28M	$24M	$20M	$17M	$15M	$12M	$11M	$9M	$7.6M	$76M
Value	$251M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-13%	-3K%	-5%	6%	12%	5%
ROA	-	-	-1%	6%	5%	-
ROE	-	-	2%	-7%	66%	9%

Bad Net Margins (4.78%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	2.13	26.61	1.98	10.32
Debt over Equity	-	-3.29	-0.54	-0.75	2.76	1.2
Growth Stability	-	-	-	-	-	1

Bad Debt/FCF ratio (10.32)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.2)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-94%	2K%	31%	17%	20%
Earnings YoY growth	-	1K%	-98%	-250%	142%	81%
Equity YoY growth	-	-152%	217%	-56%	-127%	-6%
FCF YoY growth	-	-146%	-739%	-95%	1K%	-6%