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

• Market Cap: €9.41B
• Dividend Yield: 1.71%
• Average Volume (3M): 90.49K
• Price to Earnings (P/E): 31.6
• Beta (1Y): 0.75
• Revenue Growth: 20.72%
• EPS Growth: -0.33%
• Country: DE
• Employees: 4,434
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): 0.48
• Shares Outstanding: 96,000,000
• 10 Day Avg. Volume: 87,672
• 30 Day Avg. Volume: 90,492
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €117.00
• Price Target Upside: 20.18% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 64 Neutral
• Price Target: €109.00 ▲(11.97% Upside)

CTS Eventim AG & Co. KGaA's strong financial performance is the primary driver of its score, reflecting solid revenue growth and balance sheet health. However, technical analysis indicates short-term bearish momentum, and the valuation suggests the stock is relatively expensive, which tempers the overall attractiveness. No significant earnings call or corporate events were noted to impact this assessment.

Positive Factors

Financial Performance

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

Market Outlook

The price target has been increased from €100 to €127, reflecting improved business prospects.

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 Business Overview & Revenue Model

Company Description

CTS 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 Money

CTS Eventim generates revenue primarily through ticket sales, which account for a significant portion of its earnings. The company earns fees from ticket transactions, including service fees charged to customers and commissions from event organizers. Another key revenue stream comes from the promotion and management of live events, where the company may receive a share of ticket sales and sponsorship revenue. Additionally, CTS Eventim benefits from partnerships with various event venues, artists, and promoters, allowing them to expand their event offerings and enhance ticket sales. The company's robust online presence and technology-driven ticketing solutions further contribute to its profitability by streamlining the ticket purchasing process and attracting a broader audience.

CTS Eventim AG & Co. KGaA Financial Statement Overview

Summary

CTS Eventim AG & Co. KGaA demonstrates strong financial health with substantial revenue and profit growth, a solid balance sheet with low leverage, and positive cash flow management. However, a slight decline in free cash flow and net income was noted.

Income Statement

The company shows strong revenue growth, with the TTM revenue increasing significantly from previous years, indicating robust demand and successful business strategies. The gross profit margin is healthy, reflecting efficient cost control. Net profit margin and EBIT margin are strong, suggesting solid profitability. However, there was a slight decline in net income compared to the previous year.

Balance Sheet

The balance sheet displays a solid equity base and a healthy equity ratio, indicating financial stability. The debt-to-equity ratio is low, reflecting prudent financial management and low leverage risk. The return on equity is strong, showcasing efficient use of shareholder funds. However, a slight increase in total liabilities was noted.

Cash Flow

The company has positive operating and free cash flow, with a consistent generation of cash from operations. The free cash flow to net income ratio is favorable, indicating good liquidity management. However, there was a decline in free cash flow compared to the previous year, which could impact future capital expenditures.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.81B	2.36B	1.93B	407.82M	256.84M
Gross Profit	740.57M	603.16M	448.32M	80.71M	9.82M
EBITDA	629.38M	450.50M	394.81M	207.10M	-92.71M
Net Income	318.87M	274.64M	203.75M	87.91M	-88.07M
Balance Sheet
Total Assets	4.07B	3.20B	2.61B	2.29B	1.83B
Cash, Cash Equivalents and Short-Term Investments	1.80B	1.67B	1.26B	1.01B	764.15M
Total Debt	240.49M	124.66M	121.29M	135.58M	137.76M
Total Liabilities	2.88B	2.18B	1.77B	1.70B	1.33B
Stockholders Equity	1.03B	896.81M	731.62M	529.95M	448.02M
Cash Flow
Free Cash Flow	329.89M	459.13M	125.50M	467.70M	-142.05M
Operating Cash Flow	506.42M	630.12M	179.03M	502.74M	-125.68M
Investing Cash Flow	179.62M	-616.74M	-44.00M	-62.62M	-20.26M
Financing Cash Flow	-193.85M	-141.64M	-29.89M	-222.68M	98.42M

CTS Eventim AG & Co. KGaA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 97.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:EVD, the sentiment is Negative. The current price of 97.35 is below the 20-day moving average (MA) of 100.19, below the 50-day MA of 102.78, and above the 200-day MA of 96.60, indicating a neutral trend. The MACD of -1.50 indicates Positive momentum. The RSI at 37.82 is Neutral, neither overbought nor oversold. The STOCH value of 19.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:EVD.

CTS Eventim AG & Co. KGaA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	€7.28B	13.20	35.20%	3.67%	2.14%	-121.84%
EVD	64 Neutral	€9.41B	31.63	29.22%	1.71%	20.72%	-0.33%
0DVE	―	€400.67M	48.01	2.50%	―	―	―
0MPJ	―	€10.45B	26.80	17.92%	―	―	―
PAL	―	€32.47M	―	-368.47%	―	―	―
HAG	63 Neutral	€9.90B	108.77	11.52%	0.58%	18.53%	73.20%
CLIQ	52 Neutral	€18.41M	0.91	-31.39%	1.41%	―	―