CTS Eventim AG & Co. KGaA (EVD) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of CTS Eventim AG & Co. KGaA stock €80.88, price €60.00, upside +34.8%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.
How to read this chart
60‑month range €37.85 – €108.83 · fair‑value band €55.09 – €101.10 · the €60.00 price screens below the €80.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.
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CTS Eventim AG & Co. KGaA, together with its subsidiaries, operates in the leisure events market in Germany, Italy, Switzerland, the United States, Austria, the United Kingdom, Spain, Netherlands, Finland, France, Denmark, Sweden, Norway, Chile, Brazil, and internationally.
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The company operates through two segments, Ticketing and Live Entertainment. Its Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, festivals, plays, musicals, trade fairs, art shows, film showings, exhibitions, edutainment, sports, and other events.
It markets tickets in-store, online, and via mobile devices through using the internet EVENTIM.Web; EVENTIM.Net, its network platform; EVENTIM.Inhouse, for in-house ticketing; EVENTIM.Tixx, for sports ticketing; EVENTIM.Light, a self-service product for small, independent organizers; and EVENTIM.Access, a solution for ticket sales and admission control.
This segment also provides EVENTIM.Pass ticket, which protects unauthorized resale and offers artists and organizers fair revenue and control.
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 Hamburg, Germany.
Stock analysis
CTS Eventim AG & Co. KGaA (EVD) currently trades at €60.00, while our model-based Fair Value estimate is €80.88, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €106.52 per share, and 15 of the 26 models we run sit above the €60.00 price.
Bear case: the Dividend Discount group reads lowest at €25.18, and 11 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €55.09 (bear) to €101.10 (bull), the price of €60.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CTS Eventim AG & Co. KGaA reported revenue of €3.1B in FY2025 versus €408M in FY2021, a compound +65.8%/yr. Reported net income was €277M in FY2025, compounding +33.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €5.8B Mid · P/E ratio 18.8 · P/S ratio 1.75 · EPS (TTM) €3.20 · Dividend yield 2.4% · Net margin 9.3% · Return on equity 29.8% · Return on assets (EBIT) 8.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −15% fair-value upside, at 35%, EVD screens cheaper than that median.
Fair Value models
Bear€55.09Fair Value €80.88Bull€101.10
Price €60.00 · Upside +34.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€1.53 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+64.3%
Start year 2020 (pandemic). Over 10 years: +14.0% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+22.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.2%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.20.2% vs 12.0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−58% → 15%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +16.4% a year for the price and +2.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (56 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Strong double-digit growth in the ticketing platform and live events forms the main strength, while the abrupt CFO exit creates uncertainty around capital allocation continuity.
Main risk: Generative AI could let artists produce music more easily and distribute content and tickets directly, reducing reliance on intermediaries like CTS Eventim and eroding its historical data advantage for pricing and customer insights.
Bull case: CTS Eventim could leverage AI tools itself to enhance discovery, dynamic pricing and bot defence while expanding its live entertainment and venue operations to capture more of the value chain directly.
Bear case: If artists increasingly bypass platforms via AI-driven direct sales and music supply surges, the core ticketing platform could face structurally lower volumes and margins as its intermediary role diminishes.
CTS Eventim posted strong double-digit revenue and earnings growth in the first half on the back of its ticketing platform and expanding live events. The abrupt exit of the CFO after only nine months, with an internal interim successor, now raises questions about continuity in capital allocation right before the November Capital Markets Day. Our models see the shares as undervalued, but will the operational momentum in the core ticketing business outweigh any disruption from the leadership change or will the uncertainty slow progress?
Compare CTS Eventim AG & Co. KGaA with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Entertainment · 250 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+34.8% · Above median
Profitability
Return on equity (12 months)29.8% · Top 25%
Return on assets6.5% · Top 25%
Net margin (12 months)9.3% · Top 25%
Operating margin (12 months)14.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.0% · Above median
Dividend yield (12 months)2.4% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Entertainment median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CTS Eventim AG & Co. KGaA Fair Value". https://www.fairvalue-calculator.com/stock/EVD
Frequently asked questions
Is CTS Eventim AG & Co. KGaA (EVD) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of €80.88 versus a price of €60.00, about +35% upside (undervalued).
What is the fair value of EVD?
Our model-based fair value for CTS Eventim AG & Co. KGaA is €80.88 (as of Nov 13, 2026), built from audited fundamentals. The current price: €60.00.
What is the quality score of EVD?
CTS Eventim AG & Co. KGaA has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CTS Eventim AG & Co. KGaA (EVD)?
Our model-based price target is the fair value of €80.88 (as of Nov 13, 2026) from 26 valuation models. Cautious scenario €55.09, optimistic scenario €101.10. It is a calculation from audited fundamentals, not an analyst target.
What is the CTS Eventim AG & Co. KGaA stock forecast for 2026?
Our models put fair value at €80.88, about +35% upside versus a price of €60.00 (undervalued). Cautious scenario €55.09, optimistic scenario €101.10. The calculation is refreshed regularly with new filings.
What is the revenue of CTS Eventim AG & Co. KGaA (EVD)?
CTS Eventim AG & Co. KGaA reported trailing-twelve-month revenue of about €3.3B (latest available figure, as of Nov 13, 2026).
Does CTS Eventim AG & Co. KGaA pay a dividend?
CTS Eventim AG & Co. KGaA currently shows a dividend yield of 2.40% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of CTS Eventim AG & Co. KGaA (EVD) and when is the ex-dividend date?
CTS Eventim AG & Co. KGaA pays a dividend of €1.44 per share a year, a dividend yield of 2.4%. The last ex-dividend date was May 28, 2026. The payout ratio is 45.0% of earnings. Free cash flow covers the dividend 0.95 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into CTS Eventim AG & Co. KGaA (EVD)?
For today's price to be fair in a discounted-cash-flow model, CTS Eventim AG & Co. KGaA would have to grow free cash flow by +18.9 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +64.4 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of EVD use?
Our models discount CTS Eventim AG & Co. KGaA at 10.0 %: a base by market capitalisation (mid), damped by beta 1.22, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CTS Eventim AG & Co. KGaA that is +18.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has CTS Eventim AG & Co. KGaA (EVD) delivered so far?
Over the past 5 years revenue at CTS Eventim AG & Co. KGaA grew +64.4 % a year. The price currently implies free-cash-flow growth of +18.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CTS Eventim AG & Co. KGaA (EVD) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into CTS Eventim AG & Co. KGaA (+18.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CTS Eventim AG & Co. KGaA (EVD)?
The free-cash-flow yield on the price is 2.28 %: that much free cash flow CTS Eventim AG & Co. KGaA produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CTS Eventim AG & Co. KGaA (EVD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CTS Eventim AG & Co. KGaA it is €80.88 per share (as of Nov 13, 2026), against a price of €60.00. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CTS Eventim AG & Co. KGaA stock overvalued or undervalued in 2026?
As of Nov 13, 2026, EVD trades below its calculated fair value: price €60.00, fair value €80.88, a gap of about +35% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EVD?
No. The price is what the market pays today (€60.00); the fair value is what the company's own numbers justify (€80.88). For CTS Eventim AG & Co. KGaA the two are €20.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is CTS Eventim AG & Co. KGaA worth?
The market values CTS Eventim AG & Co. KGaA at about €5.8B (market capitalisation, as of Nov 13, 2026). Per share that is €60.00; our models calculate a fair value of €80.88 per share.
What do the bullish and bearish scenarios say about EVD?
Our models span a range for CTS Eventim AG & Co. KGaA: cautious scenario €55.09, base €80.88, optimistic €101.10 per share (as of Nov 13, 2026, price €60.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EVD?
CTS Eventim AG & Co. KGaA trades at a price-to-earnings ratio of 18.8 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €80.88 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 28.1. Other multiples: PEG 1.7, P/B 5.3, P/S 1.7, EV/EBITDA 8.3.
What is the PEG ratio of EVD?
The PEG ratio of CTS Eventim AG & Co. KGaA is 1.65 (P/E divided by earnings growth, as of Nov 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CTS Eventim AG & Co. KGaA (EVD)?
Balance-sheet figures for CTS Eventim AG & Co. KGaA (as of Nov 13, 2026): return on equity 29.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is EVD from its 52-week high?
CTS Eventim AG & Co. KGaA trades at €60.00, about 27% below its 52-week high of €82.52 and 26% above the low of €47.69 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of €80.88 is for.
Which stocks are comparable to CTS Eventim AG & Co. KGaA?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CTS Eventim AG & Co. KGaA stock attractive at the current price?
The data as of Nov 13, 2026: price €60.00, calculated fair value €80.88 (+35%), Quality Score 56/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EVD calculated?
We run CTS Eventim AG & Co. KGaA through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €80.88 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. CTS Eventim AG & Co. KGaA currently trades 26% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CTS Eventim AG & Co. KGaA (EVD)?
The closing price on Nov 12, 2026 was €60.00. Our model-based fair value is €80.88, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CTS Eventim AG & Co. KGaA right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€55.09 to €101.10) leaves room in how you read the outcome.
Where does the earnings growth of CTS Eventim AG & Co. KGaA (EVD) come from?
Earnings per share at CTS Eventim AG & Co. KGaA grew +14.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.9 %, EBIT margin −2.4 %, tax rate −0.2 %, residual (interest, one-offs) +2.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CTS Eventim AG & Co. KGaA
How large is the market capitalisation of CTS Eventim AG & Co. KGaA (EVD)?
The market capitalisation of CTS Eventim AG & Co. KGaA is €5.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CTS Eventim AG & Co. KGaA (EVD)?
The price-to-sales ratio of CTS Eventim AG & Co. KGaA is 1.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CTS Eventim AG & Co. KGaA (EVD)?
Earnings per share at CTS Eventim AG & Co. KGaA are €3.20 (price ÷ EPS = P/E 18.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CTS Eventim AG & Co. KGaA (EVD)?
The dividend yield of CTS Eventim AG & Co. KGaA is 2.4% (payout 45.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CTS Eventim AG & Co. KGaA (EVD)?
The net margin of CTS Eventim AG & Co. KGaA is 9.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CTS Eventim AG & Co. KGaA (EVD)?
The return on equity (ROE) of CTS Eventim AG & Co. KGaA is 29.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CTS Eventim AG & Co. KGaA (EVD)?
On an EBIT basis the return on assets of CTS Eventim AG & Co. KGaA is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CTS Eventim AG & Co. KGaA (EVD)?
The operating margin of CTS Eventim AG & Co. KGaA is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CTS Eventim AG & Co. KGaA (EVD)?
Revenue at CTS Eventim AG & Co. KGaA is growing +13.0% versus a year earlier (3y avg +16.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CTS Eventim AG & Co. KGaA (EVD)?
Earnings per share at CTS Eventim AG & Co. KGaA are growing +31.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does CTS Eventim AG & Co. KGaA (EVD) hold?
CTS Eventim AG & Co. KGaA holds more cash than debt, €1.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 13, 2026