CTS Eventim share: Chart from 26.05.2025, price: EUR 105.60 - symbol: EVD | source: TWS
Rapid rally phases alternated with brief slumps.
It happened again last Thursday. After the Quartalszahlen at times to 96 euros, but recovered in the course of trading and closed at 105.60 euros.
CTS Eventim grew significantly in the first quarter thanks to the takeovers of See Tickets and France Billet as well as good demand. Revenue increased by 22% to 498.6 million euros.
The EBIT was increased by 14.1 % to 76.2 million euros.
Share price volatility and valuation
However, the reported profit fell sharply from EUR 67.5 million to EUR 46.1 million. The decline is mainly due to higher expenses from foreign currency translation for non-current receivables amounting to EUR 10.63 million and lower income from companies accounted for using the equity method amounting to EUR 15.91 million.
These are special effects that have little to do with the operating business.
In my view, there is little cause for concern. The only real problem is the high valuation.
Earnings are expected to rise by 8% to 3.56 euros per share this year. Eventim therefore has a P/E ratio of 29.7. The long-term P/E ratio has hovered around 31 and in the five years prior to 2020 the average P/E ratio was 32.6. So there is not too much potential at the moment, but major setbacks should prove to be an opportunity.
The share is clearly bullish overall. The Aufwärtstrendkanal offers room up to around EUR 115, but a breakout above this could prove difficult.
If, on the other hand, the share falls below EUR 105, this could trigger a correction towards EUR 100 and EUR 94. Increased buying interest from anti-cyclical buyers can be expected at this level at the latest.
