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CTS Eventim AG (EVD) Fair Value & Analysis

Communication Services · DE · Market cap €5.4B

CE CTS Eventim AG EVD · XETRA
Price€58.80
Fair Value€80.88
Upside+37.6%
Quality54/100
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Mixed Growth
Thin margins · 9.2% net margin
Low debt · generates free cash flow
2.52% dividend yield
Ranks above peers (10/15)
Moderate moat 62/100
Evidence: Medium Range €54.94 – €101.10 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from €57.77 to €80.88 (+40.0%) since Jul 17, 2026. Share price +2.8% over the past month.

A solid business, screening 38% undervalued on our models.

What matters now

  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€54.94 to €101.10) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€108.83 €37.85 Fair Value €80.88 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €37.85 – €108.83 · fair‑value band €54.94 – €101.10 · the €58.80 price screens below the €80.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

CTS Eventim AG (EVD) currently trades at €58.80, while our model-based Fair Value estimate is €80.88, implying the stock looks roughly 37.6% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, CTS Eventim AG generated revenue of €3.1B at a net margin of 9.0%. Revenue grew 19.2% year over year. It earns a return on equity of 25.1%. The balance sheet holds a net cash position of €1.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €54.94 (bear case) to €101.10 (bull case); at €58.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -43% fair-value upside, at 38%, EVD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF €34.57 €50.89 €82.84 80
Residual Income €17.66 €22.13 €82.90 76
Rev-Margin DCF €54.68 €103.39 €184.60 74
All 26 models by family
DCF Models
FCF DCF €35.90 €47.66 €84.32 38
Owner Earnings €36.18 €63.02 €117.29 31
5Y Revenue Exit €54.68 €92.27 €170.04 39
5Y EBITDA Exit €78.28 €140.83 €261.72 41
5Y P/E Exit €64.26 €133.12 €227.04 38
10Y Revenue Exit €47.40 €99.81 €144.32 36
10Y EBITDA Exit €65.94 €147.81 €306.04 37
10Y P/E Exit €56.04 €119.30 €233.28 35
Earnings-Based
Graham-Dodd €19.64 €136.98 €192.23 54
Lynch FV €47.94 €68.48 €89.03 50
PEG = 1.0 €47.94 €68.48 €89.03 46
EPV €43.70 €48.37 €52.40 59
Dividend Discount
Gordon GGM €14.58 €29.05 €43.99 70
DDM Multi-Stage €14.58 €25.11 €30.66 61
Multiples
P/E Multiple €60.66 €80.88 €101.10 63
P/S Multiple €36.83 €49.10 €61.38 58
P/B Multiple €36.83 €49.10 €61.38 55
EV/EBIT €101.71 €130.90 €160.10 53
EV/EBITDA €94.10 €120.76 €147.42 54
EV/Revenue €58.39 €77.37 €96.35 43
Asset-Based
NCAV (Graham) €5.63 €7.55 €11.27 50
Growth DCF
Growth DCF €34.57 €50.89 €82.84 80
Rev-Margin DCF €54.68 €103.39 €184.60 74
Economic Profit
Residual Income €17.66 €22.13 €82.90 76
ROIC Compounder €43.70 €48.37 €52.40 72
Growth Earnings
Growth-Adj P/E €70.78 €101.11 €131.44 68

Widest divergence: Growth Earnings (€101.11) versus Asset-Based (€7.55). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €3.2B
Revenue growth (YoY) +23.0%
Net margin 9.2%
Return on equity 25.5%
Free cash flow €131M FY2025
P/E ratio 19.2
More key figures
Operating margin 15.4%
EPS (TTM) €3.07
Dividend yield 2.5%
EPS growth (YoY) +38.2%
Net cash €1.1B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 27

Profitability 53
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. The company operates through two segments, Ticketing and Live Entertainment.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CTS Eventim AG 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.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€3.1B
Latest YoY
+9.6%
Avg. growth/yr (3Y) 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.
+16.9%
Avg. growth/yr (5Y) 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.
+64.3%
Avg. growth/yr (23Y) 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.
+13.8%
Revenue +65.8%/yr
FY21 €408M
FY22 €1.9B
FY23 €2.4B
FY24 €2.8B
FY25 €3.1B
Net income +33.3%/yr
FY21 €87.9M
FY22 €204M
FY23 €275M
FY24 €319M
FY25 €277M
Character of growth · EPS growth decomposed (2014-2025) +14.4 % p.a.
Revenue per share +14.9 pp

of which total revenue +14.9 pp · buybacks/dilution +0.0 pp

EBIT margin −2.4 pp
Tax rate −0.2 pp
Residual (interest, one-offs) +2.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "CTS Eventim AG Fair Value". https://www.fairvalue-calculator.com/stock/EVD

Peer Group

Entertainment · 268 stocks

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.

Quality Score 54 · Above median
Fair Value upside +38% · Above median
Return on equity (TTM) 25% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Entertainment median · lower = cheaper

P/E (TTM) 19.2× · Cheaper than median
P/B 5.83× · Pricier than 75% of peers
P/S (TTM) 1.97× · Pricier than median
P/FCF 47.9× · Pricier than 75% of peers
EV/EBITDA 9.5× · Pricier than median
PEG 1.65× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 83 · sector 6
FUTURE 100 · sector 12
PAST 100 · sector 0
HEALTH 100 · sector 97
DIVIDEND 50 · sector 44

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.08 C$2.66 -56%
The Walt Disney Company DIS $103.18 $80.62 -22%
Warner Bros. Discovery, Inc WBD $27.65 $9.03 -67%
Live Nation Entertainment, Inc LYV $185.33 $59.97 -68%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 59.14 MXN +8%
PT MNC Digital Entertainment Tbk, MSIN 370.00 IDR 212.14 IDR -43%
Prime Focus Limited PFOCUS ₹268.00 ₹63.45 -76%
JYP Entertainment Corporation 035900 46,000 KRW 82,382 KRW +79%
SM Entertainment Co 041510 75,500 KRW 208,415 KRW +176%
PVR INOX Limited PVRINOX ₹1,176 ₹467.91 -60%

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Frequently asked questions

Is CTS Eventim AG (EVD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €80.88 versus a price of €58.80, about +38% (undervalued).
What is the fair value of EVD?
Our model-based fair value for CTS Eventim AG is €80.88 (as of Aug 13, 2026), built from audited fundamentals. The current price is €58.80.
What is the quality score of EVD?
CTS Eventim AG has a Quality Score of 54/100. 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 revenue of CTS Eventim AG (EVD)?
CTS Eventim AG reported trailing-twelve-month revenue of about €3.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EVD?
The net profit margin of CTS Eventim AG is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.
Does CTS Eventim AG pay a dividend?
CTS Eventim AG currently shows a dividend yield of about 2.56% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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