(EVD) CTS Eventim & Co. KGaA - Overview
Stock: Tickets, Festivals, Concerts, Venues
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.57% |
| Yield on Cost 5y | 3.52% |
| Yield CAGR 5y | 25.14% |
| Payout Consistency | 78.4% |
| Payout Ratio | 55.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.3% |
| Relative Tail Risk | -11.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.81 |
| Alpha | -30.12 |
| Character TTM | |
|---|---|
| Beta | 0.188 |
| Beta Downside | 0.222 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.44% |
| CAGR/Max DD | 0.12 |
Description: EVD CTS Eventim & Co. KGaA January 04, 2026
CTS Eventim AG & Co. KGaA (XETRA:EVD) is a German-based operator of ticketing platforms and live-entertainment production across 15+ countries, including major markets in Europe, the U.S., and Latin America. The firm splits its business into a Ticketing segment (selling and brokering tickets via EVENTIM.Net, EVENTIM.Inhouse, EVENTIM.Tixx, EVENTIM.Light, and EVENTIM.Access, plus cinema-software kinoheld and resale platform fanSALE) and a Live Entertainment segment (producing tours, festivals, and venue operations).
Key financial signals (FY 2023) show revenue of roughly €2.0 bn, with the Ticketing segment contributing ~70 % of sales and delivering an EBIT margin near 15 %, while Live Entertainment, still rebuilding after COVID-19, posted a margin of ~5 % but grew ~12 % YoY on higher event volumes. The company’s ticket-sale volume reached ~200 m tickets in 2023, a 9 % increase YoY, indicating continued demand for live events as discretionary spending rebounds.
Sector drivers that materially affect EVD include: (1) macro-level consumer confidence and disposable-income trends in its core markets, (2) the shift toward digital-first ticket distribution (mobile QR codes, contactless entry), which raises gross margins, and (3) competitive pressure from global players such as Live Nation/Ticketmaster, which compresses pricing power but also expands the overall market size.
Note: The GICS classification listed as “Application Software” is a mis-tag; the business aligns more closely with “Internet & Direct Marketing Retail” and “Leisure Facilities.” This mismatch can affect peer-group comparisons and should be adjusted when benchmarking.
For a deeper, data-driven valuation-including forward-looking cash-flow models and scenario analysis-check the analyst toolkit on ValueRay to see how EVD stacks up against its peers.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 287.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 2.49 > 1.0 |
| NWC/Revenue: -11.71% < 20% (prev -7.12%; Δ -4.58% < -1%) |
| CFO/TA 0.14 > 3% & CFO 518.9m > Net Income 287.2m |
| Net Debt (-780.2m) to EBITDA (614.1m): -1.27 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (96.0m) vs 12m ago -0.01% < -2% |
| Gross Margin: 26.79% > 18% (prev 0.26%; Δ 2653 % > 0.5%) |
| Asset Turnover: 82.87% > 50% (prev 79.08%; Δ 3.78% > 0%) |
| Interest Coverage Ratio: 12.69 > 6 (EBITDA TTM 614.1m / Interest Expense TTM 40.4m) |
Altman Z'' 1.56
| A: -0.09 (Total Current Assets 1.92b - Total Current Liabilities 2.26b) / Total Assets 3.74b |
| B: 0.24 (Retained Earnings 907.2m / Total Assets 3.74b) |
| C: 0.15 (EBIT TTM 513.4m / Avg Total Assets 3.54b) |
| D: 0.37 (Book Value of Equity 975.4m / Total Liabilities 2.61b) |
| Altman-Z'' Score: 1.56 = BB |
Beneish M -3.01
| DSRI: 1.05 (Receivables 182.3m/156.4m, Revenue 2.93b/2.64b) |
| GMI: 0.96 (GM 26.79% / 25.64%) |
| AQI: 0.99 (AQ_t 0.34 / AQ_t-1 0.34) |
| SGI: 1.11 (Revenue 2.93b / 2.64b) |
| TATA: -0.06 (NI 287.2m - CFO 518.9m) / TA 3.74b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of EVD shares?
Over the past week, the price has changed by -2.61%, over one month by -9.62%, over three months by -9.33% and over the past year by -23.55%.
Is EVD a buy, sell or hold?
What are the forecasts/targets for the EVD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 104.9 | 47.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 67.9 | -4.3% |
EVD Fundamental Data Overview January 28, 2026
P/E Trailing = 24.6656
P/E Forward = 20.284
P/S = 2.4166
P/B = 7.1558
Revenue TTM = 2.93b EUR
EBIT TTM = 513.4m EUR
EBITDA TTM = 614.1m EUR
Long Term Debt = 26.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 24.3m EUR (from shortTermDebt, last quarter)
Debt = 239.5m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -780.2m EUR (from netDebt column, last quarter)
Enterprise Value = 6.30b EUR (7.08b + Debt 239.5m - CCE 1.02b)
Interest Coverage Ratio = 12.69 (Ebit TTM 513.4m / Interest Expense TTM 40.4m)
EV/FCF = 18.40x (Enterprise Value 6.30b / FCF TTM 342.3m)
FCF Yield = 5.43% (FCF TTM 342.3m / Enterprise Value 6.30b)
FCF Margin = 11.69% (FCF TTM 342.3m / Revenue TTM 2.93b)
Net Margin = 9.80% (Net Income TTM 287.2m / Revenue TTM 2.93b)
Gross Margin = 26.79% ((Revenue TTM 2.93b - Cost of Revenue TTM 2.14b) / Revenue TTM)
Gross Margin QoQ = 22.25% (prev 20.95%)
Tobins Q-Ratio = 1.69 (Enterprise Value 6.30b / Total Assets 3.74b)
Interest Expense / Debt = 2.08% (Interest Expense 4.98m / Debt 239.5m)
Taxrate = 33.17% (38.1m / 114.8m)
NOPAT = 343.1m (EBIT 513.4m * (1 - 33.17%))
Current Ratio = 0.85 (Total Current Assets 1.92b / Total Current Liabilities 2.26b)
Debt / Equity = 0.25 (Debt 239.5m / totalStockholderEquity, last quarter 977.2m)
Debt / EBITDA = -1.27 (Net Debt -780.2m / EBITDA 614.1m)
Debt / FCF = -2.28 (Net Debt -780.2m / FCF TTM 342.3m)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.12% (Net Income 287.2m / Total Assets 3.74b)
RoE = 28.61% (Net Income TTM 287.2m / Total Stockholder Equity 1.00b)
RoCE = 49.82% (EBIT 513.4m / Capital Employed (Equity 1.00b + L.T.Debt 26.5m))
RoIC = 34.16% (NOPAT 343.1m / Invested Capital 1.00b)
WACC = 6.44% (E(7.08b)/V(7.32b) * Re(6.61%) + D(239.5m)/V(7.32b) * Rd(2.08%) * (1-Tc(0.33)))
Discount Rate = 6.61% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 82.27% ; FCFF base≈294.3m ; Y1≈253.4m ; Y5≈199.0m
Fair Price DCF = 61.75 (EV 5.15b - Net Debt -780.2m = Equity 5.93b / Shares 96.0m; r=6.44% [WACC]; 5y FCF grow -16.90% → 2.90% )
EPS Correlation: 30.99 | EPS CAGR: 1.33% | SUE: 0.36 | # QB: 0
Revenue Correlation: 26.06 | Revenue CAGR: 42.25% | SUE: -0.25 | # QB: 0
EPS next Year (2026-12-31): EPS=3.63 | Chg30d=+0.030 | Revisions Net=+0 | Growth EPS=+15.2% | Growth Revenue=+5.9%