EVD Stock Analysis: CTS Eventim KgaA | XETRA
Entertainment | XETRA, Germany | Market Cap: 5.774m EUR | 12M Return: -22.4% | DE0005470306 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.1M
EPS Trend: 23.5%
Qual. Beats: 0
Rev. Trend: 84.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CTS Eventim AG & Co. KGaA (XETRA: EVD) is a German-headquartered company that operates in the leisure events market across more than a dozen countries, including Germany, Italy, Switzerland, the United States, Austria, the United Kingdom, Spain, the Netherlands, Finland, France, Denmark, Sweden, Norway, Chile, and Brazil. The company runs a vertically integrated business organized around two segments: Ticketing and Live Entertainment, which together cover both the distribution and the production/promotion sides of live events.
The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, festivals, plays, musicals, trade fairs, art shows, film screenings, exhibitions, edutainment, and sports events. Distribution is conducted in-store, online, and via mobile devices through a family of proprietary platforms, including EVENTIM.Web (internet ticketing), EVENTIM.Net (network platform), EVENTIM.Inhouse (in-house ticketing for venues and organizers), EVENTIM.Tixx (sports ticketing), EVENTIM.Light (self-service product for small, independent organizers), and EVENTIM.Access (sales and admission control). The segment also offers EVENTIM.Pass, a ticket product designed to deter unauthorized resale and to give artists and organizers greater control over secondary-market revenue. Ticketing platforms in this industry typically earn revenue through per-ticket service and booking fees charged to consumers and/or organizers.
The Live Entertainment segment plans, prepares, and executes tours, events, and festivals, including music events and concerts, and markets music productions. The segment is also involved in operating venues, extending the companys role beyond promotion into physical event infrastructure. Promoters in this segment generally derive revenue from ticket sales, sponsorship, and merchandising tied to the events they produce.
The company was founded in 1989 and is headquartered in Hamburg, Germany. It was formerly known as CTS EVENTIM AG and adopted its current name, CTS Eventim AG & Co. KGaA, in May 2014, reflecting its legal restructuring into a partnership limited by shares (Kommanditgesellschaft auf Aktien).
- Ticketing segment revenue grows double digits on European market share gains
- Live Entertainment margins recover as major concert tours resume
- EU ticket resale regulation threatens secondary market revenue streams
| Net Income: 308.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.39 > 1.0 |
| NWC/Revenue: -9.39% < 20% (prev -11.96%; Δ 2.58% < -1%) |
| CFO/TA 0.12 > 3% & CFO 513.1m > Net Income 308.0m |
| Net Debt (-946.2m) to EBITDA (610.9m): -1.55 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (96.0m) vs 12m ago -0.01% < -2% |
| Gross Margin: 25.94% > 18% (prev 26.63%; Δ -0.68% > 0.5%) |
| Asset Turnover: 81.82% > 50% (prev 74.48%; Δ 7.34% > 0%) |
| Interest Coverage Ratio: 11.20 > 6 (EBIT TTM 507.6m / Interest Expense TTM 45.3m) |
| A: -0.07 (Total Current Assets 2.28b - Total Current Liabilities 2.59b) / Total Assets 4.17b |
| B: 0.24 (Retained Earnings 983.4m / Total Assets 4.17b) |
| C: 0.13 (EBIT TTM 507.6m / Avg Total Assets 4.03b) |
| D: 0.36 (Book Value of Equity 1.06b / Total Liabilities 2.96b) |
| Altman-Z'' = 1.51 = BB |
| DSRI: 1.17 (Receivables 251.9m/189.9m, Revenue 3.30b/2.90b) |
| GMI: 1.03 (GM 26.63% / 25.94%) |
| AQI: 0.89 (AQ_t 0.29 / AQ_t-1 0.32) |
| SGI: 1.14 (Revenue 3.30b / 2.90b) |
| TATA: -0.05 (NI 308.0m - CFO 513.1m) / TA 4.17b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of October 14, 2026, the stock is trading at EUR 61.05 with a total of 227,030 shares traded. Over the past week, the price has changed by +7.11%, over one month by +8.53%, over three months by +8.05% and over the past year by -22.40%.
Current recommended Stop Loss: 56.20 (which is 7.9% or 2.3 ATR below the current price).
CTS Eventim KgaA has no consensus analysts rating.
P/E Trailing = 17.8487
P/E Forward = 22.4215
P/S = 1.7508
P/B = 8.5223
P/EG = 1.6543
Revenue TTM = 3.30b EUR
EBIT TTM = 507.6m EUR
EBITDA TTM = 610.9m EUR
Long Term Debt = 1.25m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 119.8m EUR (from shortTermDebt, last quarter)
Debt = 412.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 120.5m
Net Debt = -946.2m EUR (calculated: Debt 412.0m - CCE 1.36b)
Enterprise Value = 4.83b EUR (5.77b + Debt 412.0m - CCE 1.36b)
Interest Coverage Ratio = 11.20 (Ebit TTM 507.6m / Interest Expense TTM 45.3m)
EV/FCF = 20.87x (Enterprise Value 4.83b / FCF TTM 231.3m)
FCF Yield = 4.79% (FCF TTM 231.3m / Enterprise Value 4.83b)
FCF Margin = 7.01% (FCF TTM 231.3m / Revenue TTM 3.30b)
Net Margin = 9.34% (Net Income TTM 308.0m / Revenue TTM 3.30b)
Gross Margin = 25.94% ((Revenue TTM 3.30b - Cost of Revenue TTM 2.44b) / Revenue TTM)
Gross Margin QoQ = 19.36% (prev 28.28%)
Tobins Q-Ratio = 1.16 (Enterprise Value 4.83b / Total Assets 4.17b)
Interest Expense / Debt = 11.01% (Interest Expense 45.3m / Debt 412.0m)
Taxrate = 32.35% (164.3m / 507.9m)
NOPAT = 343.4m (EBIT 507.6m * (1 - 32.35%))
Current Ratio = 0.88 (Total Current Assets 2.28b / Total Current Liabilities 2.59b)
Debt / Equity = 0.39 (Debt 412.0m / totalStockholderEquity, last quarter 1.06b)
Debt / EBITDA = -1.55 (Net Debt -946.2m / EBITDA 610.9m)
Debt / FCF = -4.09 (Net Debt -946.2m / FCF TTM 231.3m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.64% (Net Income 308.0m / Total Assets 4.17b)
RoE = 28.84% (Net Income TTM 308.0m / Total Stockholder Equity 1.07b)
RoCE = 47.48% (EBIT 507.6m / Capital Employed (Equity 1.07b + L.T.Debt 1.25m))
RoIC = 22.47% (NOPAT 343.4m / Invested Capital 1.53b)
WACC = 7.10% (E(5.77b)/V(6.19b) * Re(7.08%) + D(412.0m)/V(6.19b) * Rd(11.01%) * (1-Tc(0.32)))
Discount Rate = 7.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.64 | Cagr: 0.0%
[DCF] Terminal Value 75.43% ; FCFF base≈231.3m ; Y1≈232.2m ; Y5≈245.8m
[DCF] Fair Price = 49.68 (EV 3.82b - Net Debt -946.2m = Equity 4.77b / Shares 96.0m; r=8.35% [WACC [floored]]; 5y FCF grow -0.05% → 2.50% )
EPS Correlation: 23.48 | EPS CAGR: 1.79% | SUE: -0.46 | # QB: 0
Revenue Correlation: 83.96 | Revenue CAGR: 37.51% | SUE: 0.84 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.50 | Chg30d=+10.68% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=3.42 | Chg30d=+1.03% | Revisions=+40% | GrowthEPS=+16.7% | GrowthRev=+7.9%
EPS next Year (2027-12-31): EPS=3.70 | Chg30d=+0.30% | Revisions=-17% | GrowthEPS=+8.2% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +22% (up=4, down=2)