CTS Eventim KGaA Valuation

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

CEVM.F ($94.3) is trading above our estimate of [[fair value]] ($84.7)

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CEVM.F ($94.3) is trading above our estimate of fair value ($84.7)

Significantly Below Fair Value: CEVM.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CEVM.F?

Key metric: As CEVM.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CEVM.F. This is calculated by dividing CEVM.F's market cap by their current earnings.
What is CEVM.F's PE Ratio?
PE Ratio	31.6x
Earnings	€251.68m
Market Cap	€7.94b

CEVM.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.7x
Enterprise Value/EBITDA	18x
PEG Ratio	2.2x

Price to Earnings Ratio vs Peers

How does CEVM.F's PE Ratio compare to its peers?

The above table shows the PE ratio for CEVM.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	89x
MSGS Madison Square Garden Sports	78.7x	-8.5%	US$5.5b
CNK Cinemark Holdings	16.6x	7.7%	US$3.9b
EDR Endeavor Group Holdings	104.2x	45.2%	US$13.9b
LYV Live Nation Entertainment	156.4x	31.4%	US$32.4b
CEVM.F CTS Eventim KGaA	31.6x	14.1%	US$7.9b

Price-To-Earnings vs Peers: CEVM.F is good value based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (89x).

Price to Earnings Ratio vs Industry

How does CEVM.F's PE Ratio compare vs other companies in the US Entertainment Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap
IH iHuman	4.4x	n/a	US$79.60m
RDBX Redbox Entertainment	1.2x	-121.8%	US$76.65m
GMM Global Mofy AI	0.6x	n/a	US$9.57m
MSGM Motorsport Games	0.7x	n/a	US$3.53m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CEVM.F is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the US Entertainment industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

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

CEVM.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CEVM.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 CEVM.F forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	US$100.92 0%	9.2%	US$118.71	US$81.22	n/a	11
Nov ’25	n/a	US$105.00 0%	8.9%	US$123.06	US$86.36	n/a	11
Oct ’25	US$101.80	US$105.01 +3.2%	7.9%	US$118.90	US$88.90	n/a	10
Sep ’25	n/a	US$104.02 0%	9.2%	US$119.67	US$87.24	n/a	11
Aug ’25	n/a	US$99.22 0%	10.3%	US$117.02	US$80.93	n/a	11
Jul ’25	US$83.36	US$96.70 +16.0%	10.0%	US$114.62	US$79.27	n/a	11
Jun ’25	n/a	US$95.56 0%	10.2%	US$110.76	US$80.36	n/a	11
May ’25	n/a	US$92.13 0%	13.8%	US$109.16	US$64.21	n/a	11
Apr ’25	n/a	US$84.43 0%	11.8%	US$102.04	US$64.45	n/a	10
Mar ’25	n/a	US$82.03 0%	9.5%	US$97.01	US$64.68	n/a	10
Feb ’25	US$69.55	US$80.97 +16.4%	8.7%	US$93.26	US$65.83	n/a	10
Jan ’25	n/a	US$79.89 0%	9.5%	US$91.76	US$64.77	n/a	10
Dec ’24	n/a	US$80.37 0%	9.3%	US$92.44	US$65.25	n/a	10
Nov ’24	n/a	US$76.91 0%	9.9%	US$89.74	US$62.29	n/a	10
Oct ’24	n/a	US$76.05 0%	10.2%	US$89.78	US$62.32	US$101.80	10
Sep ’24	US$62.60	US$76.82 +22.7%	11.7%	US$91.82	US$63.74	n/a	9
Aug ’24	n/a	US$76.11 0%	12.0%	US$91.76	US$63.69	n/a	8
Jul ’24	n/a	US$76.11 0%	12.0%	US$91.76	US$63.69	US$83.36	8
Jun ’24	US$67.40	US$75.45 +11.9%	12.2%	US$91.46	US$63.48	n/a	8
May ’24	US$63.82	US$73.63 +15.4%	13.5%	US$90.38	US$59.18	n/a	7
Apr ’24	n/a	US$73.63 0%	13.5%	US$90.38	US$59.18	n/a	7
Mar ’24	US$63.51	US$71.80 +13.1%	15.9%	US$89.83	US$53.47	n/a	7
Feb ’24	US$68.27	US$68.31 +0.05%	14.9%	US$84.44	US$52.78	US$69.55	7
Jan ’24	US$62.83	US$68.31 +8.7%	14.9%	US$84.44	US$52.78	n/a	7
Dec ’23	n/a	US$67.02 0%	14.5%	US$83.21	US$52.01	n/a	7
Nov ’23	n/a	US$63.54 0%	17.1%	US$79.60	US$49.75	n/a	7

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Match Group

US$7.9b

Engages in the provision of dating products.

MTCH

US$31.53

3.3%

-0.4%

Yalla Group

US$680.0m

Operates a social networking and gaming platform primarily in the Middle East and North Africa region.

YALA

US$4.28

-2.7%

-24.9%

Yelp

US$2.4b

Operates a platform that connects consumers with local businesses in the United States and internationally.

YELP

US$36.13

0.5%

-20.3%