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CTS Eventim KGaA

DB:EVD
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVD
DB
€4B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

CTS Eventim AG & Co. KGaA operates in the leisure events market worldwide. The last earnings update was 36 days ago. More info.


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EVD Share Price and Events
7 Day Returns
1.6%
DB:EVD
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
18.4%
DB:EVD
13%
DE Entertainment
-4.5%
DE Market
EVD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CTS Eventim KGaA (EVD) 1.6% 7.3% 17.4% 18.4% 48.3% 95%
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • EVD outperformed the Entertainment industry which returned 13% over the past year.
  • EVD outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
EVD
Industry
5yr Volatility vs Market

Value

 Is CTS Eventim KGaA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CTS Eventim KGaA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CTS Eventim KGaA.

DB:EVD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EVD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 30%) (1.97%))
0.984
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.984 * 5.96%)
6.09%

Discounted Cash Flow Calculation for DB:EVD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CTS Eventim KGaA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:EVD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.09%)
2019 223.10 Analyst x2 210.29
2020 206.90 Analyst x5 183.82
2021 244.60 Analyst x2 204.83
2022 231.76 Est @ -5.25% 182.93
2023 223.40 Est @ -3.61% 166.20
2024 217.91 Est @ -2.46% 152.81
2025 214.31 Est @ -1.65% 141.65
2026 211.98 Est @ -1.09% 132.06
2027 210.51 Est @ -0.69% 123.62
2028 209.63 Est @ -0.42% 116.03
Present value of next 10 years cash flows €1,614.22
DB:EVD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €209.63 × (1 + 0.23%) ÷ (6.09% – 0.23%)
€3,582.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,582.15 ÷ (1 + 6.09%)10
€1,982.70
DB:EVD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,614.22 + €1,982.70
€3,596.93
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,596.93 / 95.99
€37.47
DB:EVD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EVD represents 1.00725x of XTRA:EVD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00725x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 37.47 x 1.00725
€37.74
Value per share (EUR) From above. €37.74
Current discount Discount to share price of €44.46
= -1 x (€44.46 - €37.74) / €37.74
-17.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CTS Eventim KGaA is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CTS Eventim KGaA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CTS Eventim KGaA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EVD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.23
XTRA:EVD Share Price ** XTRA (2019-04-25) in EUR €44.14
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CTS Eventim KGaA.

DB:EVD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:EVD Share Price ÷ EPS (both in EUR)

= 44.14 ÷ 1.23

35.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CTS Eventim KGaA is overvalued based on earnings compared to the DE Entertainment industry average.
  • CTS Eventim KGaA is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does CTS Eventim KGaA's expected growth come at a high price?
Raw Data
DB:EVD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
12.7%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:EVD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.75x ÷ 12.7%

2.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CTS Eventim KGaA is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CTS Eventim KGaA's assets?
Raw Data
DB:EVD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.57
XTRA:EVD Share Price * XTRA (2019-04-25) in EUR €44.14
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:EVD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:EVD Share Price ÷ Book Value per Share (both in EUR)

= 44.14 ÷ 4.57

9.66x

* Primary Listing of CTS Eventim KGaA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CTS Eventim KGaA is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess CTS Eventim KGaA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. CTS Eventim KGaA has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CTS Eventim KGaA expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CTS Eventim KGaA expected to grow at an attractive rate?
  • CTS Eventim KGaA's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CTS Eventim KGaA's earnings growth is expected to exceed the Germany market average.
  • CTS Eventim KGaA's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EVD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EVD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 12.7%
DB:EVD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.2%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EVD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EVD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,467 279 175 3
2020-12-31 1,377 241 156 6
2019-12-31 1,369 255 139 2
DB:EVD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,242 340 119
2018-09-30 1,212 125 116
2018-06-30 1,152 187 110
2018-03-31 1,101 249 111
2017-12-31 1,034 221 113
2017-09-30 998 293 109
2017-06-30 897 232 105
2017-03-31 874 175 104
2016-12-31 830 154 95
2016-09-30 833 100 88
2016-06-30 836 100 89
2016-03-31 846 125 89

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CTS Eventim KGaA's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • CTS Eventim KGaA's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EVD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from CTS Eventim KGaA Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EVD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.82 1.87 1.76 2.00
2020-12-31 1.63 1.72 1.56 6.00
2019-12-31 1.45 1.50 1.34 6.00
DB:EVD Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.23
2018-09-30 1.21
2018-06-30 1.14
2018-03-31 1.15
2017-12-31 1.18
2017-09-30 1.13
2017-06-30 1.09
2017-03-31 1.08
2016-12-31 0.99
2016-09-30 0.92
2016-06-30 0.93
2016-03-31 0.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CTS Eventim KGaA is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CTS Eventim KGaA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CTS Eventim KGaA has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CTS Eventim KGaA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CTS Eventim KGaA's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CTS Eventim KGaA's year on year earnings growth rate has been positive over the past 5 years.
  • CTS Eventim KGaA's 1-year earnings growth is less than its 5-year average (5% vs 12.7%)
  • CTS Eventim KGaA's earnings growth has exceeded the DE Entertainment industry average in the past year (5% vs -6%).
Earnings and Revenue History
CTS Eventim KGaA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CTS Eventim KGaA Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EVD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,241.69 118.50 164.23
2018-09-30 1,211.75 115.75 156.09
2018-06-30 1,152.07 109.64 151.72
2018-03-31 1,101.34 110.86 150.16
2017-12-31 1,033.98 112.81 147.90
2017-09-30 998.47 108.94 142.12
2017-06-30 896.64 104.68 139.98
2017-03-31 873.88 104.00 136.51
2016-12-31 829.91 94.56 130.01
2016-09-30 832.91 88.18 129.75
2016-06-30 836.29 89.46 126.15
2016-03-31 845.71 89.20 122.52
2015-12-31 834.23 89.03 122.96
2015-09-30 798.49 84.05 123.40
2015-06-30 770.48 82.86 117.84
2015-03-31 691.63 80.17 113.86
2014-12-31 690.30 77.17 109.00
2014-09-30 653.58 66.37 99.63
2014-06-30 655.58 64.41 100.04
2014-03-31 657.67 63.56 98.59
2013-12-31 628.35 61.14 96.12
2013-09-30 601.78 63.76 98.67
2013-06-30 575.76 62.55 92.80
2013-03-31 527.49 58.16 90.22
2012-12-31 520.33 56.30 88.08
2012-09-30 519.55 48.49 85.90
2012-06-30 495.84 46.37 87.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CTS Eventim KGaA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • CTS Eventim KGaA used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • CTS Eventim KGaA has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CTS Eventim KGaA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CTS Eventim KGaA has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CTS Eventim KGaA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CTS Eventim KGaA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CTS Eventim KGaA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CTS Eventim KGaA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CTS Eventim KGaA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CTS Eventim KGaA Company Filings, last reported 3 months ago.

DB:EVD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 471.29 83.52 883.63
2018-09-30 416.39 115.36 511.21
2018-06-30 390.64 118.10 545.60
2018-03-31 425.49 116.98 669.42
2017-12-31 393.80 117.38 651.26
2017-09-30 346.40 97.03 495.59
2017-06-30 333.14 101.84 485.41
2017-03-31 412.71 124.99 604.72
2016-12-31 385.01 127.69 565.26
2016-09-30 338.52 165.39 345.41
2016-06-30 329.12 178.66 404.38
2016-03-31 352.24 174.87 529.16
2015-12-31 354.17 146.92 512.14
2015-09-30 314.19 164.65 374.90
2015-06-30 306.27 165.79 417.96
2015-03-31 321.56 168.56 497.95
2014-12-31 300.29 171.79 510.17
2014-09-30 264.47 206.59 289.16
2014-06-30 255.01 207.55 302.21
2014-03-31 269.43 212.61 374.36
2013-12-31 253.20 188.39 380.09
2013-09-30 228.37 185.05 234.49
2013-06-30 220.70 192.48 274.47
2013-03-31 230.21 195.07 325.62
2012-12-31 216.51 199.40 330.19
2012-09-30 188.42 164.55 175.52
2012-06-30 183.06 174.31 190.84
  • CTS Eventim KGaA's level of debt (17.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (74.5% vs 17.7% today).
  • Debt is well covered by operating cash flow (406.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 108.7x coverage).
X
Financial health checks
We assess CTS Eventim KGaA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CTS Eventim KGaA has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CTS Eventim KGaA's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.4%
Current annual income from CTS Eventim KGaA dividends. Estimated to be 1.93% next year.
If you bought €2,000 of CTS Eventim KGaA shares you are expected to receive €28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CTS Eventim KGaA's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • CTS Eventim KGaA's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
Upcoming dividend payment

Purchase CTS Eventim KGaA before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EVD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EVD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.97 3.00
2020-12-31 0.85 6.00
2019-12-31 0.74 3.00
DB:EVD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.620 1.458
2018-03-22 0.590 1.575
2017-03-23 0.500 1.311
2016-03-23 0.460 1.494
2015-03-27 0.400 1.221
2014-03-25 0.320 1.391
2013-03-21 0.285 1.675
2012-03-16 0.220 1.757
2012-01-16 0.220 1.747
2011-03-23 0.218 1.880
2010-03-01 0.208 2.068

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, CTS Eventim KGaA has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but CTS Eventim KGaA only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of CTS Eventim KGaA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess CTS Eventim KGaA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CTS Eventim KGaA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CTS Eventim KGaA has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CTS Eventim KGaA's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Klaus-Peter Schulenberg
COMPENSATION €3,813,325
CEO Bio

Mr. Klaus-Peter Schulenberg serves as the Chairman of Management Board of Chief Executive Officer of EVENTIM Management AG, the General Partner of CTS Eventim AG & Co. KGaA. Mr. Schulenberg served as Director for Corporate Strategy, New Media & Marketing of EVENTIM Management AG.

CEO Compensation
  • Klaus-Peter's compensation has been consistent with company performance over the past year.
  • Klaus-Peter's remuneration is higher than average for companies of similar size in Germany.
Management Team

Klaus-Peter Schulenberg

TITLE
Chairman of Management Board & CEO of EVENTIM Management AG
COMPENSATION
€4M

Ökonom Bischoff

TITLE
CFO & Member of Management Board of EVENTIM Management AG
COMPENSATION
€920K

Betriebswirt Christian Ruoff

TITLE
COO & Member of Management Board of EVENTIM Management AG
COMPENSATION
€1M

Simon Lewis

TITLE
Head of Marketing Partnerships & Sponsorship Division of Eventim Management Ag
AGE
54
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure of the CTS Eventim KGaA board of directors in years:

2.9
Average Tenure
  • The average tenure for the CTS Eventim KGaA board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bernd Kundrun

TITLE
Chairman of Supervisory Board
COMPENSATION
€100K
AGE
61
TENURE
2.9 yrs

Jobst Plog

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€52K
TENURE
9.9 yrs

Juliane Thümmel

TITLE
Member of Supervisory Board
COMPENSATION
€50K
TENURE
2.9 yrs

Justinus J. B. Spee

TITLE
Member of Supervisory Board
COMPENSATION
€52K
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess CTS Eventim KGaA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CTS Eventim KGaA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

CTS Eventim AG & Co. KGaA operates in the leisure events market worldwide. It operates in two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through eventim.de and using its network platform, EVENTIM.Net; in-house ticketing products through EVENTIM.Inhouse; sport ticketing products through EVENTIM.Tixx; and self-service products for event organizers through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through EVENTIM.Access. This segment also operates EVENTIM.fanSALE, a resale portal where customers sell event tickets to other customers; and EVENTIM.Guide, an online leisure calendar that closes the gap between ticketing and leisure planning. The Live Entertainment segment plans, prepares, and executes tours and events, including music events and concerts, as well as markets music productions. This segment is also involved in the operation of venues. The company was formerly known as CTS EVENTIM AG and changed its name to CTS Eventim AG & Co. KGaA in May 2014. CTS Eventim AG & Co. KGaA is headquartered in Bremen, Germany.

Details
Name: CTS Eventim AG & Co. KGaA
EVD
Exchange: DB
Founded:
€4,237,055,982
95,991,300
Website: http://www.eventim.de
Address: CTS Eventim AG & Co. KGaA
Contrescarpe 75A,
Bremen,
Bremen, 28195,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA EVD Bearer Shares XETRA Trading Platform DE EUR 01. Feb 2000
OTCPK CEVM.F Bearer Shares Pink Sheets LLC US USD 01. Feb 2000
DB EVD Bearer Shares Deutsche Boerse AG DE EUR 01. Feb 2000
LSE 0EEE Bearer Shares London Stock Exchange GB EUR 01. Feb 2000
SWX EVD Bearer Shares SIX Swiss Exchange CH CHF 01. Feb 2000
WBAG EVD Bearer Shares Wiener Boerse AG AT EUR 01. Feb 2000
BATS-CHIXE EVDD Bearer Shares BATS 'Chi-X Europe' GB EUR 01. Feb 2000
Number of employees
Current staff
Staff numbers
2,620
CTS Eventim KGaA employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:35
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.