Company Valuation: CTS Eventim AG & Co. KGaA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 5,222 6,178 5,721 6,009 7,838 6,489 6,489 -
Change - 18.31% -7.4% 5.03% 30.43% -17.21% 0% -
Enterprise Value (EV) 1 4,565 5,907 5,352 5,170 7,395 5,463 5,183 4,869
Change - 29.39% -9.4% -3.4% 43.04% -26.13% -5.12% -6.06%
P/E ratio -63.3x 70x 28.1x 21.9x 24.6x 21.9x 18.9x 17.3x
PBR 11.7x 11.7x 7.82x 6.7x 7.63x 5.25x 4.52x 3.92x
PEG - -0x 0x 0.6x 1.5x -3.05x 1.2x 1.84x
Capitalization / Revenue 20.3x 15.1x 2.97x 2.55x 2.79x 2.18x 2.06x 1.94x
EV / Revenue 17.8x 14.5x 2.78x 2.19x 2.63x 1.83x 1.64x 1.45x
EV / EBITDA -1,553x 29.1x 14.1x 10.5x 13.8x 9.47x 8.09x 6.97x
EV / EBIT -72.5x 40x 16.8x 12.9x 16.8x 11.5x 9.75x 8.35x
EV / FCF -35.3x 12x 42.6x 11.3x 22.4x 16.2x 11.3x 9.66x
FCF Yield -2.83% 8.3% 2.35% 8.88% 4.46% 6.18% 8.85% 10.4%
Dividend per Share 2 - - - 1.43 1.66 1.574 1.778 1.949
Rate of return - - - 2.28% 2.03% 2.33% 2.63% 2.88%
EPS 2 -0.86 0.92 2.12 2.86 3.32 3.081 3.581 3.917
Distribution rate - - - 50% 50% 51.1% 49.7% 49.8%
Net sales 1 256.8 407.8 1,926 2,359 2,809 2,980 3,154 3,351
EBITDA 1 -2.94 203.1 379.5 494 534 577 640.4 698.6
EBIT 1 -62.93 147.6 319 402.3 440.5 475.5 531.4 583
Net income 1 -82.26 87.91 203.8 274.6 318.9 301.6 348.2 380.7
Net Debt 1 -656.6 -270.9 -369.4 -839.2 -442.7 -1,026 -1,306 -1,620
Reference price 2 54.40 64.36 59.60 62.60 81.65 67.60 67.60 67.60
Nbr of stocks (in thousands) 95,991 95,991 95,991 95,991 95,991 95,991 95,991 -
Announcement Date 23/03/21 24/03/22 23/03/23 26/03/24 27/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.05x1.84x9.52x2.32% 7.54B
18.48x5.19x11.88x1.09% 585B
31.55x8.2x24.62x-.--% 419B
22.42x2.62x13.88x-.--% 155B
36.88x4.61x28.75x-.--% 114B
10.78x13.33x129.29x0.37% 113B
27.46x5.08x14.45x-.--% 81.44B
72.71x4.1x20.27x-.--% 79.71B
9.73x38.6x8.23x-.--% 50.32B
8.8x4.19x44.07x0.5% 40.39B
Average 26.09x 8.78x 30.50x 0.43% 164.5B
Weighted average by Cap. 25.50x 7.15x 25.75x 0.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation CTS Eventim AG & Co. KGaA