Added to YB: 2026-08-11
Pitch date: 2026-08-08
EVD.DE [bullish]
CTS Eventim AG & Co. KGaA
-1.62%
current return
Author Info
No bio for this author
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 58.50
Price Target
N/A
Dividend
2.48%
EV/EBITDA
8.06
P/E
18.90
EV/Sales
1.39
Sector
Entertainment
Category
value
3 Global Quality Companies - Germany: CTS Eventim ($EVD.DE) – A Digital Tollbooth on Sale?
EVD.DE: 2nd-largest global ticketing co, 50-70% share in Germany/Italy/Austria. Vertically integrated flywheel (promoters/venues feed high-margin tollbooth: 77% EBITDA from ticketing at 40%+ margins). €3.1B rev 2025, net cash, FCF-rich. Down ~50% on Milan arena cost overrun (€180M→€400M), flat 2026 guide, Stage contract change. Founder owns 38.8%, bought €20M on dip. Now ~19x attributable EPS vs 30-35x historical. Re-rate to 25x + HSD growth = ~18% IRR, 5yr; ~2.5% div. Risks: regulation, capex, Spotify.
Read full article (5 min)