CTS Eventim AG & Co. KGaA (EVD) AI Stock Analysis

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CTS Eventim AG & Co. KGaA

(LSE:EVD)

Rating:79Outperform

Price Target:

€124.00

▲(15.67%Upside)

The company's strong financial performance and positive technical indicators are the main contributors to its score. While the financial position is robust, operational inefficiencies and a high P/E ratio impact the score negatively. The valuation suggests the stock may be overvalued, which is a concern. The absence of additional insights from earnings calls or corporate events leaves these areas unaddressed.

Positive Factors

Financial Performance

CTS Eventim published good Q1 figures and confirmed its guidance for 2025e.

Market Outlook

There is a strong artist pipeline and unbroken ticket demand, contributing to increased growth expectations.

Sales Growth

Q1 2024 sales came in at €499m, 14% above FactSet consensus.

Negative Factors

Cost Pressures

The adj. EBITDA margin rose by nearly half a percentage point, even in the face of ongoing upward pressure on infrastructure, personnel, and fee.

CTS Eventim AG & Co. KGaA (EVD) vs. iShares MSCI Germany ETF (EWG)

Market Cap

€10.29B

Dividend Yield1.55%

Average Volume (3M)149.75K

Price to Earnings (P/E)34.6

Beta (1Y)0.64

Revenue Growth20.72%

EPS Growth-0.33%

CountryDE

Employees4,434

SectorIndustrials

Sector Strength92

IndustryEntertainment

Share Statistics

EPS (TTM)0.48

Shares Outstanding96,000,000

10 Day Avg. Volume141,619

30 Day Avg. Volume149,747

Financial Highlights & Ratios

PEG Ratio-1.94

Price to Book (P/B)10.52

Price to Sales (P/S)0.00

P/FCF Ratio44.75

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

€116.30

Price Target Upside8.49% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering11

CTS Eventim AG & Co. KGaA Business Overview & Revenue Model

Company DescriptionCTS Eventim AG & Co. KGaA operates in the leisure events market in Germany, Italy, the United States, Switzerland, Austria, Finland, the Netherlands, Spain, and internationally. It operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through eventim.Web and using its network platform, EVENTIM.Net; in-house ticketing products through EVENTIM.Inhouse; sport ticketing products through EVENTIM.Tixx; and self-service products for promotors through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through EVENTIM.Access. This segment also operates kinoheld software for cinema operators; EVENTIM.fanSALE, a resale portal where customers sell event tickets to other customers; and online portal under various brands, such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, and entradas.com. The Live Entertainment segment plans, prepares, and performs tours, events, and festivals including music events and concerts, as well as markets music productions. This segment is also involved in the operation of venues. The company was formerly known as CTS EVENTIM AG and changed its name to CTS Eventim AG & Co. KGaA in May 2014. CTS Eventim AG & Co. KGaA was founded in 1989 and is headquartered in Bremen, Germany.

How the Company Makes MoneyCTS Eventim generates revenue primarily through its two main business segments: Ticketing and Live Entertainment. In the Ticketing segment, the company earns money by charging service fees on tickets sold through its platforms, which include online portals and physical points of sale. This segment benefits from high-margin digital sales and the proliferation of e-commerce. In the Live Entertainment segment, revenue is derived from organizing and promoting events, with income coming from ticket sales, sponsorships, and concessions. Strategic partnerships with artists, venues, and other event organizers, as well as investments in technology and infrastructure, further bolster CTS Eventim's revenue streams. The company's large customer base and established market presence enable it to capitalize on the growing demand for live events and digital ticketing solutions.

CTS Eventim AG & Co. KGaA Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
2.64B	2.36B	1.93B	407.82M	256.84M	1.44B
	Gross Profit
675.83M	603.16M	448.32M	80.71M	9.82M	401.75M
	EBIT
382.53M	340.73M	344.99M	-55.05M	-148.53M	230.19M
	EBITDA
494.43M	450.50M	394.81M	207.10M	-92.71M	285.70M
	Net Income Common Stockholders
250.34M	274.64M	203.75M	87.91M	-88.07M	132.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
866.35M	1.67B	1.26B	1.01B	764.15M	816.59M
	Total Assets
1.76B	3.20B	2.61B	2.29B	1.83B	1.90B
	Total Debt
90.78M	124.66M	121.29M	135.58M	137.76M	139.16M
	Net Debt
-676.16M	-903.83M	-953.22M	-829.61M	-603.42M	-651.36M
	Total Liabilities
1.26B	2.18B	1.77B	1.70B	1.33B	1.35B
	Stockholders Equity
465.24M	896.81M	731.62M	529.95M	448.02M	511.77M
Cash Flow		Free Cash Flow
222.21M	459.13M	125.50M	467.70M	-142.05M	98.96M
	Operating Cash Flow
361.63M	630.12M	179.03M	502.74M	-125.68M	141.00M
	Investing Cash Flow
-443.61M	-616.74M	-44.00M	-62.62M	-20.26M	-124.14M
	Financing Cash Flow
-36.76M	-141.64M	-29.89M	-222.68M	98.42M	-102.05M

CTS Eventim AG & Co. KGaA Technical Analysis

Technical Analysis Sentiment

Positive

Last Price107.20

Price Trends

50DMA

101.42

Positive

100DMA

99.50

Positive

200DMA

93.54

Positive

Market Momentum

MACD

1.49

Positive

RSI

53.23

Neutral

STOCH

57.35

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:EVD, the sentiment is Positive. The current price of 107.2 is below the 20-day moving average (MA) of 107.99, above the 50-day MA of 101.42, and above the 200-day MA of 93.54, indicating a neutral trend. The MACD of 1.49 indicates Positive momentum. The RSI at 53.23 is Neutral, neither overbought nor oversold. The STOCH value of 57.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:EVD.

CTS Eventim AG & Co. KGaA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVD	79 Outperform	€10.29B	34.59	29.22%	1.55%	20.72%	-0.33%
Sector *	66 Neutral	$4.50B	12.28	5.32%	248.52%	4.13%	-12.36%
0DVE		€420.54M	50.66	2.50%	1.57%	―	―
0MPJ		€9.62B	25.44	16.56%	1.93%	―	―
PAL		€30.17M	―	-368.47%	―	―	―
HAG	70 Outperform	€11.45B	123.08	10.95%	0.50%	25.46%	41.26%
CLIQ	57 Neutral	€32.10M	0.91	-30.95%	0.81%	―	―

* Industrials Sector Average

Performance Comparison

DE:EVD

CTS Eventim AG & Co. KGaA

107.20

28.92

36.95%

GB:0DVE

Borussia Dortmund GmbH & Co. KGaA

3.82

0.37

10.72%

GB:0MPJ

GEA Group AG

59.55

22.57

61.03%

DE:PAL

PANTAFLIX AG

1.18

-0.50

-29.76%

DE:HAG

HENSOLDT AG

99.10

62.69

172.18%

DE:CLIQ

Cliq Digital AG

4.94

-2.64

-34.83%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.