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Cts Eventim AG & Co KgaA
XETRA:EVD

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Cts Eventim AG & Co KgaA
XETRA:EVD
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Price: 59.6 EUR 2.85% Market Closed
Market Cap: €5.7B

P/B

6.8
Current
16%
Cheaper
vs 3-y average of 8

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
6.8
=
Market Cap
€6.1B
/
Total Equity
€1.1B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
6.8
=
Market Cap
€6.1B
/
Total Equity
€1.1B

Valuation Scenarios

Cts Eventim AG & Co KgaA is trading below its 3-year average

If P/B returns to its 3-Year Average (8), the stock would be worth €70.92 (19% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-75%
Maximum Upside
+24%
Average Downside
24%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 6.8 €59.6
0%
3-Year Average 8 €70.92
+19%
5-Year Average 8.4 €74.17
+24%
Industry Average 2.5 €22.24
-63%
Country Average 1.7 €14.84
-75%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
DE
Cts Eventim AG & Co KgaA
XETRA:EVD
5.7B EUR 6.8 26.4
US
Netflix Inc
NASDAQ:NFLX
384.7B USD 12.4 28.8
US
Walt Disney Co
NYSE:DIS
184.5B USD 1.7 15.1
LU
Spotify Technology SA
NYSE:SPOT
102.1B USD 10.4 39.1
US
Warner Bros Discovery Inc
NASDAQ:WBD
66.5B USD 1.9 91.5
NL
Universal Music Group NV
AEX:UMG
36.3B EUR 8 23.7
US
Live Nation Entertainment Inc
NYSE:LYV
36.8B USD 135.2 -668.1
US
TKO Group Holdings Inc
NYSE:TKO
36.1B USD 9.5 157.8
FR
Bollore SE
PAR:BOL
14.8B EUR 0.6 42.6
US
Roku Inc
NASDAQ:ROKU
16.9B USD 6.4 191.8
US
Warner Music Group Corp
NASDAQ:WMG
15B USD 20.8 50

Market Distribution

Higher than 92% of companies in Germany
Percentile
92st
Based on 2 701 companies
92st percentile
6.8
Low
0 — 1.1
Typical Range
1.1 — 2.8
High
2.8 —
Distribution Statistics
Germany
Min 0
30th Percentile 1.1
Median 1.7
70th Percentile 2.8
Max 125.7

Cts Eventim AG & Co KgaA
Glance View

Cts Eventim AG & Co KGaA, a stalwart in the live entertainment industry, has carved a niche as one of the leading global players in the ticketing and live events arena. Originating in Germany, this company has skillfully maneuvered through the dynamic landscape of live entertainment, leveraging technology to captivate audiences worldwide. At its core, CTS Eventim operates within two primary segments: Ticketing and Live Entertainment. The Ticketing segment, the linchpin of its business model, involves selling tickets for concerts, sports events, and theaters, primarily through its robust online platforms complemented by physical box offices and call centers. By optimizing online sales channels, CTS Eventim maximizes revenue streams, tapping into the growing consumer preference for digital ticket purchases. Their advanced ticketing systems and proprietary software ensure seamless transactions, offering a user-friendly experience that keeps audiences returning. Simultaneously, the Live Entertainment segment orchestrates a slew of events, including major music festivals and top-tier concerts, often overseeing the entire production process from artist bookings to event marketing. This vertically integrated approach not only generates revenue through ticket sales but also through associated streams such as merchandising, sponsorships, and concessions. By producing and promoting its events and leveraging its expansive distribution network, CTS Eventim maintains a resilient grip on the market, persistently exploring avenues for growth through acquisitions and strategic partnerships. This dual focus on ticketing and event promotion, underscored by continuous technological innovation, has cemented CTS Eventim’s reputation as a key architect in the realm of live entertainment, adeptly capitalizing on the ever-present human craving for extraordinary experiences.

EVD Intrinsic Value
72.87 EUR
Undervaluation 18%
Intrinsic Value
Price €59.6
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