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

• Market Cap: €9.88B
• Dividend Yield: 1.39%
• Average Volume (3M): 155.23K
• Price to Earnings (P/E): 30.3
• Beta (1Y): 0.66
• Revenue Growth: 19.08%
• EPS Growth: 16.10%
• Country: DE
• Employees: 3,503
• Sector: Industrials
• Sector Strength: 72
• Industry: Traditional Media
• EPS (TTM): 3.32
• Shares Outstanding: 96,000,000
• 10 Day Avg. Volume: 94,692
• 30 Day Avg. Volume: 155,227
• PEG Ratio: 1.88
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.62
• Price to Cash Flow (P/CF): N/A
• 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: €111.33
• Price Target Upside: 8.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

CTS Eventim AG & Co. KGaA is financially strong with robust profitability and low leverage. However, operational efficiency issues and declining free cash flow growth present risks. The technical analysis shows a bearish trend, and valuation metrics suggest the stock might be overvalued. Despite solid financials, these factors contribute to a moderate overall score.

Positive Factors

Dividend

The company plans to pay a dividend of 50% of the net income or €1.66 per share.

Earnings

CTS Eventim announced strong audited Q4 figures that are in accordance with the strong preliminary figures released by the company.

Sales Growth

Sales in the Ticketing segment grew by 22.7% to €879.9m.

Negative Factors

Financial Performance

Q3 2024 adj. EBITDA came in at €121m (-8% YoY), a 25% miss versus FactSet consensus (€160m).

Project Delays

After a recent 10-day suspension, the project preparation phase with CTS is set to commence.

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

Company Description

CTS Eventim AG & Co. KGaA (EVD) is a leading international provider of ticketing services and live entertainment headquartered in Germany. The company operates in two primary sectors: Ticketing and Live Entertainment. In the Ticketing segment, CTS Eventim offers a comprehensive platform for online, mobile, and physical ticket sales through its proprietary systems and extensive network of box offices. The Live Entertainment segment involves the promotion and organization of a variety of events, concerts, and festivals across Europe and beyond.

How the Company Makes Money

CTS 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

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
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 Price: 102.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 102.9 is above the 20-day moving average (MA) of 95.32, above the 50-day MA of 99.91, and above the 200-day MA of 90.60, indicating a bullish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 58.11 is Neutral, neither overbought nor oversold. The STOCH value of 96.68 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIX2	74 Outperform	€3.46B	15.71	11.81%	4.82%	10.54%	-27.22%
EVD	69 Neutral	€9.88B	30.25	33.15%	1.39%	19.08%	16.10%
PUM	69 Neutral	$3.37B	12.36	10.66%	3.42%	2.51%	-7.49%
HNR1	68 Neutral	€33.86B	14.50	21.25%	2.56%	9.08%	27.60%
Sector *	63 Neutral	$4.27B	11.40	5.38%	214.63%	4.11%	-8.98%