CTS Eventim AG & Co. KGaA

EVD.DE

Entertainment · Communication Services

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Good

Stability

Exceptional

Valuation

Strong

Dividends

Strong

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Winston Score History

The full picture

CTS Eventim is a German company that sells tickets for concerts, sports games, and other live events. It runs one of Europe's largest ticketing platforms, connecting fans with event organizers across hundreds of venues. The company also owns and operates live entertainment venues and promotes concerts directly, making it active on both sides of the business.

Eventim earns money in two main ways: charging fees on each ticket sold through its online and box-office systems, and generating revenue from promoting and hosting live events. It operates primarily in Germany and across Europe, with a growing presence in other markets. Its main competitive advantage is its proprietary ticketing software, which it licenses to venues and promoters, creating sticky long-term relationships that are hard for rivals to displace. The key growth driver is the continued recovery and expansion of live entertainment demand across Europe, while the main risk is regulatory pressure around ticketing fees and potential competition from global platforms like Live Nation's Ticketmaster.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+13.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+31.1% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

38.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€1.5B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

CTS Eventim AG & Co. KGaA is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

19.4%

Thin — 19.4% gross margin

Profit after running costs

Operating Margin

9.4%

Modest — 9.4% operating margin

Return on the money invested

ROCE

41.6%

Exceptional — 41.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+13.7%

Fast-growing sales (+13.7% YoY)

Profit growth

EPS YoY

+8.8%

Earnings growing (+8.8% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

167%

Turns 167% of profit into real cash

Spare cash per sale

FCF Margin

-9.6%

Burning cash (-9.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.11

Conservative — low debt load (0.11)

Covers its interest

Interest Cover

10.87x

Comfortably covers interest (10.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

18.8x

no trend

Fair value — P/E 18.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+3.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (18.8 → 14.8)

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Dividends

Dividend

Dividend Yield

2.48%

no trend

Moderate income — 2.48% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+160.0%

no trend

Dividend growing fast (160.0% YoY)

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