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

• Market Cap: €10.03B
• Dividend Yield: 1.38%
• Average Volume (3M): 91.05K
• Price to Earnings (P/E): 33.5
• Beta (1Y): 0.76
• Revenue Growth: 20.72%
• EPS Growth: -0.33%
• Country: DE
• Employees: 4,434
• Sector: Industrials
• Sector Strength: 90
• Industry: Entertainment
• EPS (TTM): 0.48
• Shares Outstanding: 96,000,000
• 10 Day Avg. Volume: 85,457
• 30 Day Avg. Volume: 91,054
• PEG Ratio: -5.11
• Price to Book (P/B): 9.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 44.35
• 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: €117.38
• Price Target Upside: 12.97% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 72 Outperform
• Price Target: €118.00 ▲(13.57%Upside)

CTS Eventim AG & Co. KGaA presents strong financial performance, which is the primary driver of the overall score. The technical analysis suggests moderate momentum, but the valuation indicates a potential overvaluation. The absence of recent earnings call insights and corporate events results in a balanced outlook.

Positive Factors

Earnings

The company confirmed its guidance for 2025, indicating a moderate increase in group-level sales, adjusted EBITDA, and EBIT.

Financial Performance

CTS Eventim's Q1 2024 sales exceeded expectations, coming in 14% above FactSet consensus, highlighting strong financial performance.

Market Outlook

Strong artist pipeline and unbroken ticket demand contribute to increased growth expectations for CTS Eventim.

Negative Factors

Cost Pressures

Despite an increase in adjusted EBITDA margin, CTS Eventim faces ongoing upward pressure on infrastructure, personnel, and fees.

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 its ticketing and live entertainment segments. In the ticketing segment, the company earns money by selling tickets to various events through its proprietary online platforms, retail outlets, and call centers, charging service fees and commissions on each sale. This segment benefits from economies of scale and a broad network, allowing the company to maximize its reach and efficiency. In the live entertainment segment, CTS Eventim organizes and promotes concerts, festivals, and other live events, generating income through ticket sales, sponsorships, merchandising, and concessions. The company also engages in strategic partnerships and acquisitions to expand its market presence and leverage synergies across its operations, further contributing to its earnings.

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: 103.90
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 103.9 is below the 20-day moving average (MA) of 104.28, below the 50-day MA of 105.90, and above the 200-day MA of 96.17, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 51.91 is Neutral, 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
EVD	72 Outperform	€10.03B	33.53	29.22%	1.38%	20.72%	-0.33%
Sector *	67 Neutral	€8.10B	20.81	6.46%	2.90%	1.89%	-38.99%
0DVE	―	€424.95M	52.12	2.50%	1.56%	―	―
0MPJ	―	€9.45B	24.99	16.56%	1.97%	―	―
PAL	―	€29.15M	―	-368.47%	―	―	―
HAG	79 Outperform	€11.67B	127.92	10.95%	0.49%	25.46%	41.26%
CLIQ	53 Neutral	€36.56M	0.91	-30.95%	0.71%	―	―