NYSE:EB

Stock Analysis Report

Executive Summary

Eventbrite, Inc. operates a ticketing and event technology platform in the United States and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Eventbrite's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-20.5%

EB

-1.1%

US Interactive Media and Services

-2.0%

US Market


1 Year Return

-71.9%

EB

-14.1%

US Interactive Media and Services

-15.1%

US Market

Return vs Industry: EB underperformed the US Interactive Media and Services industry which returned -14.1% over the past year.

Return vs Market: EB underperformed the US Market which returned -15.1% over the past year.


Shareholder returns

EBIndustryMarket
7 Day-20.5%-1.1%-2.0%
30 Day-54.2%-17.8%-19.7%
90 Day-71.7%-22.8%-23.2%
1 Year-71.9%-71.9%-14.0%-14.1%-13.4%-15.1%
3 Yearn/a17.0%16.9%10.9%3.7%
5 Yearn/a65.9%65.5%28.4%14.4%

Price Volatility Vs. Market

How volatile is Eventbrite's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Eventbrite undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EB ($5.86) is trading below our estimate of fair value ($75.08)

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


Price To Earnings Ratio

PE vs Industry: EB is unprofitable, so we can't compare its PE Ratio to the Interactive Media and Services industry average.

PE vs Market: EB is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EB is good value based on its PB Ratio (1.2x) compared to the US Interactive Media and Services industry average (1.8x).


Next Steps

Future Growth

How is Eventbrite forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: EB's revenue (14.8% per year) is forecast to grow faster than the US market (7.1% per year).

High Growth Revenue: EB's revenue (14.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EB is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Eventbrite performed over the past 5 years?

-7.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: EB is currently unprofitable.

Growing Profit Margin: EB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if EB's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare EB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EB is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (5.5%).


Return on Equity

High ROE: EB has a negative Return on Equity (-16.15%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eventbrite's financial position?


Financial Position Analysis

Short Term Liabilities: EB's short term assets ($524.6M) exceed its short term liabilities ($350.3M).

Long Term Liabilities: EB's short term assets ($524.6M) exceed its long term liabilities ($31.9M).


Debt to Equity History and Analysis

Debt Level: EB is debt free.

Reducing Debt: EB had no debt 5 years ago.


Balance Sheet

Inventory Level: EB has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if EB's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable EB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: EB is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.1% per year.


Next Steps

Dividend

What is Eventbrite's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate EB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Julia Hartz (39yo)

4s

Tenure

US$25,564,728

Compensation

Ms. Julia D. Hartz Co-founded Eventbrite, Inc. (formerly Mollyguard Corporation) in 2006. Ms. Hartz has been Chief Executive Officer of Eventbrite, Inc. since April 21, 2016 and served as its President fro ...


CEO Compensation Analysis

Compensation vs Market: Julia's total compensation ($USD25.56M) is above average for companies of similar size in the US market ($USD2.25M).

Compensation vs Earnings: Julia's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Hartz
Co-Founder & Executive Chairman1.67yrsUS$7.07m0.48% $2.4m
Julia Hartz
Co-Founder4yrsUS$25.56m1.16% $5.9m
Samantha Harnett
Chief Legal & Corporate Operations Officerno dataUS$1.02m0.018% $89.0k
Renaud Visage
Co-Founder14.25yrsno datano data
Charles Baker
Chief Financial Officer0.58yrno datano data
Shane Crehan
Chief Accounting Officer1.25yrsno data0.012% $62.8k
Patrick Poels
Chief Technology Officerno datano data0.0066% $33.5k
Terra Carmichael
Vice President of Global Corporate Communicationsno datano datano data
Phil Silverstone
Senior Vice President of Global Sales & Servicesno datano datano data
Omer Cohen
Chief People Officer2.58yrsUS$2.05mno data

3.3yrs

Average Tenure

49yo

Average Age

Experienced Management: EB's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin Hartz
Co-Founder & Executive Chairman1.67yrsUS$7.07m0.48% $2.4m
Julia Hartz
Co-Founder4yrsUS$25.56m1.16% $5.9m
Katherine August-deWilde
Independent Director4.17yrsUS$124.68k0.28% $1.4m
Roelof Botha
Lead Independent Directorno dataUS$129.03k0.064% $323.4k
Steffan Tomlinson
Independent Director4.17yrsUS$126.31k0.0070% $35.6k
Lorrie Norrington
Independent Director5yrsUS$455.24k0.0062% $31.3k
Sean Moriarty
Independent Director10.25yrsUS$124.31k0.31% $1.6m
Jawed Karim
Member of Board of Advisorsno datano datano data
Ashley Capps
Member of Board of Advisors8.58yrsno datano data
Helen Riley
Independent Director1.75yrsUS$2.61m0.0059% $30.0k

4.2yrs

Average Tenure

48.5yo

Average Age

Experienced Board: EB's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 118.4%.


Top Shareholders

Company Information

Eventbrite, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eventbrite, Inc.
  • Ticker: EB
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$505.867m
  • Shares outstanding: 86.33m
  • Website: https://www.eventbrite.com

Number of Employees


Location

  • Eventbrite, Inc.
  • 155 5th Street
  • 7th Floor
  • San Francisco
  • California
  • 94103
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EBNYSE (New York Stock Exchange)YesClass A Common StockUSUSDSep 2018
EB4DB (Deutsche Boerse AG)YesClass A Common StockDEEURSep 2018

Biography

Eventbrite, Inc. operates a ticketing and event technology platform in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc. in 2009. Eventbrite, Inc. was incorporated in 2008 and is headquartered in San Francisco, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 01:42
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.