CTS Eventim looks like a pretty good play right now, pulling back from 86 EUR to around 57 EUR where it trades at roughly 17x forward earnings—well below its historical 25x to 30x range—despite H1 2026 revenue climbing 17% to 1.5 billion EUR and adjusted EBITDA hitting 225 million EUR.
The sell-off was mostly driven by a broader de-rating in European leisure stocks and temporary margin friction from acquisition integrations and venue investments, not broken fundamentals, especially with EPS still jumping 34% to 1.25 EUR in H1.
It won't stay down here because it basically owns European live event ticketing, has huge growth catalysts ahead like the LA28 Olympic ticketing deal, and is set for margin expansion once integration spending fades. Plus, the founder's foundation dropped 10 million EUR buying shares at 51.93 EUR on September 30, which shows management sees the sell-off as a clear buying opportunity.