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1. Company Snapshot

1.a. Company Description

Live 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.

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1.b. Last Insights on LIVE

Live Ventures Incorporated's recent performance was driven by several positive factors. The company's fiscal first quarter 2025 financial results, announced on February 6, 2025, showed a strong start to the year, with the CEO, Jon Isaac, demonstrating confidence in the company's prospects by acquiring 55,796 shares of the company's common stock in open market transactions valued at approximately $385,000 on March 28, 2025. Additionally, the company's option agreement with an arm's length purchaser to acquire a 100% interest in two mineral claims totaling approximately 5,355 hectares located in the Province of Saskatchewan, announced on April 10, 2025, highlights the company's expansion into new areas.

1.c. Company Highlights

2. Disappointing EPS, But Operational Improvements Underway

Live Ventures reported a total revenue of $108.5 million for the quarter ended December 31, 2025, a decrease of 2.7% compared to $111.5 million in the prior year period. Despite the revenue decline, the company achieved a gross margin of 32.6%, an improvement of 90 basis points compared to 31.7% in the prior year period. The earnings per share (EPS) was -$0.02, significantly lower than the estimated EPS of $1.83. The net loss was approximately $100,000 compared to a net income of $500,000 in the prior year period.

Publication Date: Feb -24

📋 Highlights
  • Operating Income Surge: Rose $2.7M (352.9%) to $3.5M driven by margin gains and cost cuts.
  • Adjusted EBITDA Growth: Increased $2M (35.7%) to $7.8M vs. prior year, outpacing revenue decline.
  • Revenue Drop: Fell $3M (-2.7%) to $108.5M, offset by 11% rise in Retail-Entertainment ($23.6M).
  • Gross Margin Expansion: Improved 90 bps to 32.6% due to Flooring segment efficiencies and mix shift.
  • Cash Availability: Ended at $38.7M ($15.1M cash + $23.6M credit lines) despite net loss of $100K.

Operational Highlights

The company's portfolio companies have strengthened their operating disciplines, contributing to a $2.7 million or 352.9% increase in operating income compared to the prior year period. The adjusted EBITDA was $7.8 million, a $2 million or 35.7% increase compared to the prior year period. According to Jon Isaac, the CEO, the improvement in operating income was primarily driven by higher gross margins and lower operating expenses in various segments.

Segment Performance

The Retail-Entertainment segment revenue increased by 11% to $23.6 million compared to $21.3 million in the prior year period. However, the Retail-Flooring and Steel Manufacturing segments experienced a decline in revenue. The Flooring Manufacturing segment achieved higher margins due to improved efficiencies and favorable product mix, contributing to the overall gross margin improvement.

Valuation and Outlook

The company's current valuation metrics are as follows: P/E Ratio is 2.31, P/B Ratio is 0.54, P/S Ratio is 0.12, and EV/EBITDA is 2.53. With analysts estimating revenue growth of 8.1% for the next year, the current valuation appears to be reasonable. However, the significant EPS miss in the current quarter raises concerns about the company's short-term performance. The Free Cash Flow Yield is 42.83%, indicating a potentially attractive return for investors.

3. NewsRoom

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Live Ventures Company Central Steel Fabricators Contributes to Hyperscale AI Data Center Infrastructure Expansion

Apr -01

Source: globenewswire.com

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Live Ventures Incorporated (LIVE) Q1 2026 Earnings Call Transcript

Feb -13

Source: seekingalpha.com

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Live Ventures Reports Fiscal First Quarter 2026 Financial Results

Feb -12

Source: globenewswire.com

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Live Ventures' Central Steel Fabricators Emerges as a Strategic Participant in the AI Data Center and Connectivity Infrastructure Cycle

Jan -27

Source: globenewswire.com

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Live Ventures Company Engineers Autonomous, AI-Driven Distribution Network with 10x Throughput Gains

Jan -23

Source: globenewswire.com

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Live Ventures Deploys AI Engine to Forecast Demand, Cut Costs, and Accelerate Retail Margins

Jan -21

Source: globenewswire.com

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Live Ventures Incorporated (LIVE) Q4 2025 Earnings Call Transcript

Dec -12

Source: seekingalpha.com

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Live Ventures Reports Fiscal Year 2025 Financial Results

Dec -11

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.39%)

6. Segments

Flooring Manufacturing

Expected Growth: 7%

Live Ventures Incorporated's 7% growth in Flooring Manufacturing is driven by increasing demand for renovation and remodeling, fueled by rising homeownership and aging housing stock. Additionally, the trend towards sustainable and eco-friendly flooring options, as well as the adoption of advanced manufacturing technologies, contribute to the segment's growth.

Steel Manufacturing

Expected Growth: 6%

Live Ventures Incorporated's 6% growth in Steel Manufacturing is driven by increasing demand from infrastructure development, rising automotive sales, and growing construction activities. Additionally, the company's focus on producing high-margin specialty steel products, such as stainless steel and alloy steel, contributes to its growth. Furthermore, strategic acquisitions and investments in technology upgrades have improved operational efficiency, leading to higher productivity and lower costs.

Retail - Entertainment

Expected Growth: 9%

Live Ventures Incorporated's Retail-Entertainment segment growth of 9% is driven by increasing demand for experiential entertainment, strategic acquisitions, and expansion of existing venues. Additionally, the company's focus on enhancing customer experience through technology integration and loyalty programs has contributed to the growth.

Retail - Flooring

Expected Growth: 8%

Strong demand for home improvement and renovation, driven by increasing consumer spending and housing market growth. Additionally, the rise of e-commerce and online shopping platforms has boosted sales for flooring products, contributing to the 8% growth rate. Furthermore, Live Ventures' strategic expansion into new markets and product offerings has also fueled growth in the retail flooring segment.

Corporate and Other

Expected Growth: 5%

Live Ventures' Corporate and Other segment growth is driven by strategic acquisitions, expansion of its existing businesses, and increased investments in technology and digital marketing. Additionally, the company's focus on cost savings initiatives, operational efficiencies, and effective capital allocation have contributed to its 5% growth.

7. Detailed Products

Anviel Platform

A proprietary, AI-powered platform that provides data-driven insights and analytics to help businesses optimize their operations and make informed decisions.

Apex Pivot

A comprehensive, cloud-based ERP system designed to streamline business operations, including accounting, inventory management, and supply chain management.

Live Ventures Marketplaces

A suite of e-commerce marketplaces that connect buyers and sellers across various industries, including retail, manufacturing, and services.

VelocityAS

A cloud-based, AI-powered accounting and financial management platform that provides real-time insights and automation capabilities.

JSG

A staffing and recruitment agency that provides temporary, temporary-to-permanent, and permanent placement services across various industries.

8. Live Ventures Incorporated's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Live Ventures Incorporated is moderate, as there are some alternatives available to customers, but they are not very attractive.

Bargaining Power Of Customers

The bargaining power of customers for Live Ventures Incorporated is low, as customers have limited options and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Live Ventures Incorporated is moderate, as the company has some dependence on key suppliers, but it also has some bargaining power due to its size and scale.

Threat Of New Entrants

The threat of new entrants for Live Ventures Incorporated is high, as the industry is attractive and there are low barriers to entry, making it easy for new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry for Live Ventures Incorporated is high, as the industry is highly competitive and there are many players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 70.95%
Debt Cost 3.95%
Equity Weight 29.05%
Equity Cost 8.32%
WACC 5.22%
Leverage 244.20%

11. Quality Control: Live Ventures Incorporated passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Haverty Furniture

A-Score: 5.6/10

Value: 5.8

Growth: 3.4

Quality: 4.6

Yield: 9.0

Momentum: 5.0

Volatility: 6.0

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Live Ventures

A-Score: 4.5/10

Value: 9.8

Growth: 6.3

Quality: 4.4

Yield: 0.0

Momentum: 6.0

Volatility: 0.7

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Tile Shop Holdings

A-Score: 4.0/10

Value: 6.5

Growth: 3.4

Quality: 3.0

Yield: 2.0

Momentum: 5.0

Volatility: 4.0

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Lifetime Brands

A-Score: 3.9/10

Value: 8.0

Growth: 2.2

Quality: 2.9

Yield: 6.0

Momentum: 2.0

Volatility: 2.3

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LL Flooring Holdings

A-Score: 3.5/10

Value: 9.7

Growth: 2.0

Quality: 2.8

Yield: 0.0

Momentum: 6.0

Volatility: 0.7

1-Year Total Return ->

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Leslie's

A-Score: 2.8/10

Value: 10.0

Growth: 1.2

Quality: 4.8

Yield: 0.0

Momentum: 0.0

Volatility: 1.0

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

12.77$

Current Price

12.77$

Potential

-0.00%

Expected Cash-Flows