Added to YB: 2026-08-04
Pitch date: 2026-07-31
EVD.DE [bullish]
CTS Eventim AG & Co. KGaA
-1.44%
current return
Author Info
The Dutch Investors are a team of four seasoned, passionate inversores uncovering the world's top businesses. They bring you 52 in-depth stock analyses each year! Sign up for the newsletter.
Company Info
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.
Market Cap
EUR 5.6B
Pitch Price
EUR 59.00
Price Target
N/A
Dividend
2.46%
EV/EBITDA
8.14
P/E
19.04
EV/Sales
1.41
Sector
Entertainment
Category
value
Germany: CTS Eventim ($EVD.DE) – A Digital Tollbooth on Sale?
EVD.DE: 2nd-largest global ticketing co, 50-60%+ share in Germany/Italy/Austria. Ticketing=33% rev but 77% EBITDA at 40%+ margins; vertically integrated flywheel. Stock -50% on Milan arena cost overrun (€180M→€400M) & flat 2026 guide. Now 19x attributable EPS vs 30-35x historic. Founder (38.8%) bought €20M. Q1'26 rev +23%. Re-rate to 25x + HSD growth = ~18% IRR + 2.5% yield. Risks: regulation, capex, Spotify.
Read full article (5 min)