(EVD) CTS Eventim & Co. KGaA - Overview
Sector: Communication Services | Industry: Entertainment | Exchange: XETRA (Germany) | Market Cap: 4.900m EUR | Total Return: -41.5% in 12m
Industry Rotation: -2.5
Avg Turnover: 15.7M EUR
Peers RS (IBD): 13.7
EPS Trend: 44.4%
Qual. Beats: 0
Rev. Trend: 32.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
CTS Eventim AG & Co. KGaA (EVD) operates in the leisure events market across Europe, North and South America. The company is structured into two segments: Ticketing and Live Entertainment. The Ticketing segment focuses on the production, sale, and distribution of tickets for a broad range of events, including concerts, festivals, and sports. This segment utilizes various online and in-house platforms for ticket sales and management, a common business model in the event ticketing industry.
The Live Entertainment segment plans and executes tours, events, and festivals, and also manages venues. This dual business model allows the company to control both ticket distribution and event production, a strategy many integrated entertainment companies employ. To gain deeper insights into EVDs performance metrics and market position, consider exploring ValueRay.
- Live event attendance drives ticketing and concert revenue
- Digital ticketing platform expansion increases market share
- Venue operating costs impact live entertainment segment margins
- International expansion broadens revenue streams
- Regulatory scrutiny on ticketing fees poses risk
| Net Income: 277.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -11.51 > 1.0 |
| NWC/Revenue: -10.02% < 20% (prev -3.25%; Δ -6.77% < -1%) |
| CFO/TA 0.09 > 3% & CFO 367.7m > Net Income 277.3m |
| Net Debt (-1.32b) to EBITDA (601.3m): -2.20 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (96.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 26.96% > 18% (prev 0.26%; Δ 2.67k% > 0.5%) |
| Asset Turnover: 73.76% > 50% (prev 69.05%; Δ 4.71% > 0%) |
| Interest Coverage Ratio: 8.20 > 6 (EBITDA TTM 601.3m / Interest Expense TTM 60.9m) |
| A: -0.07 (Total Current Assets 2.35b - Total Current Liabilities 2.66b) / Total Assets 4.28b |
| B: 0.24 (Retained Earnings 1.01b / Total Assets 4.28b) |
| C: 0.12 (EBIT TTM 499.7m / Avg Total Assets 4.17b) |
| D: 0.35 (Book Value of Equity 1.08b / Total Liabilities 3.04b) |
| Altman-Z'' Score: 1.48 = BB |
| DSRI: 1.64 (Receivables 428.6m/237.7m, Revenue 3.08b/2.81b) |
| GMI: 0.98 (GM 26.96% / 26.37%) |
| AQI: 0.99 (AQ_t 0.30 / AQ_t-1 0.30) |
| SGI: 1.10 (Revenue 3.08b / 2.81b) |
| TATA: -0.02 (NI 277.3m - CFO 367.7m) / TA 4.28b) |
| Beneish M-Score: -2.47 (Cap -4..+1) = BBB |
Over the past week, the price has changed by +2.14%, over one month by -24.48%, over three months by -35.26% and over the past year by -41.49%.
| Analysts Target Price | - | - |
P/E Trailing = 17.0736
P/E Forward = 15.6006
P/S = 1.5914
P/B = 5.0145
P/EG = 1.6543
Revenue TTM = 3.08b EUR
EBIT TTM = 499.7m EUR
EBITDA TTM = 601.3m EUR
Long Term Debt = 26.5m EUR (from longTermDebt, two quarters ago)
Short Term Debt = 118.5m EUR (from shortTermDebt, last quarter)
Debt = 280.4m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.32b EUR (recalculated: Debt 280.4m - CCE 1.61b)
Enterprise Value = 3.58b EUR (4.90b + Debt 280.4m - CCE 1.61b)
Interest Coverage Ratio = 8.20 (Ebit TTM 499.7m / Interest Expense TTM 60.9m)
EV/FCF = -24.56x (Enterprise Value 3.58b / FCF TTM -145.6m)
FCF Yield = -4.07% (FCF TTM -145.6m / Enterprise Value 3.58b)
FCF Margin = -4.73% (FCF TTM -145.6m / Revenue TTM 3.08b)
Net Margin = 9.00% (Net Income TTM 277.3m / Revenue TTM 3.08b)
Gross Margin = 26.96% ((Revenue TTM 3.08b - Cost of Revenue TTM 2.25b) / Revenue TTM)
Gross Margin QoQ = 34.15% (prev 22.25%)
Tobins Q-Ratio = 0.84 (Enterprise Value 3.58b / Total Assets 4.28b)
Interest Expense / Debt = 11.12% (Interest Expense 31.2m / Debt 280.4m)
Taxrate = 33.56% (66.6m / 198.6m)
NOPAT = 332.0m (EBIT 499.7m * (1 - 33.56%))
Current Ratio = 0.88 (Total Current Assets 2.35b / Total Current Liabilities 2.66b)
Debt / Equity = 0.26 (Debt 280.4m / totalStockholderEquity, last quarter 1.08b)
Debt / EBITDA = -2.20 (Net Debt -1.32b / EBITDA 601.3m)
Debt / FCF = 9.10 (negative FCF - burning cash) (Net Debt -1.32b / FCF TTM -145.6m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.64% (Net Income 277.3m / Total Assets 4.28b)
RoE = 27.25% (Net Income TTM 277.3m / Total Stockholder Equity 1.02b)
RoCE = 47.86% (EBIT 499.7m / Capital Employed (Equity 1.02b + L.T.Debt 26.5m))
RoIC = 33.32% (NOPAT 332.0m / Invested Capital 996.2m)
WACC = 7.00% (E(4.90b)/V(5.18b) * Re(6.98%) + D(280.4m)/V(5.18b) * Rd(11.12%) * (1-Tc(0.34)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF] Fair Price = unknown (Cash Flow -145.6m)
EPS Correlation: 44.40 | EPS CAGR: 95.92% | SUE: 0.47 | # QB: 0
Revenue Correlation: 32.77 | Revenue CAGR: 65.98% | SUE: 0.61 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.77 | Chg7d=+0.769 | Chg30d=+0.769 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=3.34 | Chg7d=-0.291 | Chg30d=-0.278 | Revisions Net=-4 | Growth EPS=+13.9% | Growth Revenue=+2.7%
EPS next Year (2027-12-31): EPS=3.80 | Chg7d=-0.205 | Chg30d=-0.192 | Revisions Net=-4 | Growth EPS=+13.8% | Growth Revenue=+5.7%
[Analyst] Revisions Ratio: -0.67 (1 Up / 5 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 2.1% (Discount Rate 7.9% - Earnings Yield 5.9%)
[Growth] Growth Spread = -2.1% (Analyst 0.0% - Implied 2.1%)