Eventbrite Valuation

Is EB4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EB4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EB4 (€3.03) is trading below our estimate of fair value (€5.54)

Significantly Below Fair Value: EB4 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for EB4?

Key metric: As EB4 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for EB4. This is calculated by dividing EB4's market cap by their current revenue.
What is EB4's PS Ratio?
PS Ratio1x
SalesUS$336.37m
Market CapUS$341.02m

Price to Sales Ratio vs Peers

How does EB4's PS Ratio compare to its peers?

The above table shows the PS ratio for EB4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
0.7x0.8%€358.7m
EDL Edel SE KGaA
0.4x3.6%€97.4m
LOU DEAG Deutsche Entertainment
0.3xn/a€95.9m
HLG Highlight Communications
0.1x4.9%€68.7m
EB4 Eventbrite
1x7.4%€341.0m

Price-To-Sales vs Peers: EB4 is expensive based on its Price-To-Sales Ratio (1x) compared to the peer average (0.4x).


Price to Sales Ratio vs Industry

How does EB4's PS Ratio compare vs other companies in the European Entertainment Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
EB4 1.0xIndustry Avg. 1.4xNo. of Companies35PS01.63.24.86.48+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EB4 is good value based on its Price-To-Sales Ratio (1x) compared to the European Entertainment industry average (1.4x).


Price to Sales Ratio vs Fair Ratio

What is EB4's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EB4 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: EB4 is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EB4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.03
€5.03
+65.9%
20.3%€6.64€3.80n/a5
Nov ’25€2.78
€4.81
+72.9%
20.3%€6.35€3.63n/a5
Oct ’25€2.31
€4.85
+109.8%
20.3%€6.41€3.66n/a5
Sep ’25€2.80
€4.85
+73.6%
20.3%€6.41€3.66n/a5
Aug ’25€4.14
€8.05
+94.7%
25.2%€11.05€5.53n/a7
Jul ’25€4.24
€8.05
+89.9%
25.2%€11.05€5.53n/a7
Jun ’25€4.50
€8.05
+78.9%
25.2%€11.05€5.53n/a7
May ’25€4.90
€8.62
+75.8%
19.6%€11.19€6.25n/a7
Apr ’25€4.96
€9.36
+88.7%
18.6%€12.00€6.46n/a7
Mar ’25€5.15
€9.36
+81.7%
18.6%€12.00€6.46n/a7
Feb ’25€7.80
€11.77
+51.0%
16.1%€15.74€9.26n/a7
Jan ’25€7.75
€11.77
+51.9%
16.1%€15.74€9.26n/a7
Dec ’24€6.80
€11.56
+70.0%
17.5%€15.51€9.13n/a6
Nov ’24€8.05
€12.70
+57.8%
15.4%€16.11€10.43€2.785
Oct ’24€9.25
€12.49
+35.0%
15.4%€15.84€10.25€2.315
Sep ’24€9.45
€12.18
+28.9%
15.4%€15.45€10.00€2.805
Aug ’24€10.00
€11.49
+14.9%
22.8%€15.50€8.21€4.145
Jul ’24€8.70
€10.41
+19.7%
31.0%€15.74€7.40€4.244
Jun ’24€6.75
€10.41
+54.3%
31.0%€15.74€7.40€4.504
May ’24€6.45
€10.77
+67.0%
26.5%€15.59€8.25€4.904
Apr ’24€7.72
€10.69
+38.4%
25.2%€15.94€8.44€4.965
Mar ’24€9.16
€10.69
+16.8%
25.2%€15.94€8.44€5.155
Feb ’24€8.09
€9.40
+16.2%
30.3%€15.03€7.52€7.805
Jan ’24€5.34
€10.44
+95.4%
27.6%€16.06€8.03€7.755
Dec ’23€6.92
€10.44
+50.8%
27.6%€16.06€8.03€6.805
Nov ’23€6.53
€11.96
+83.3%
29.1%€18.25€9.13€8.055

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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