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Tivoli A/STIV.COCompetitor analysis, valuation and peers

Denmark · DKK·Communication Services›Movies/Entertainment
Momentum weak 25
Mkt cap
$536M
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$73,805
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+1.8 pp
WACC 5.0%
Hurdle
-14 pp
Req g minus delivered
Close · DKKDKK 618.00
1D+1.3%
1W+3.7%
1M+2.7%
3M-2.5%
6M-2.5%
YTD+3.7%
1Y+4.8%
ATR %1.4%
52w lowhigh6.1% off high

What Tivoli A/S does

No business profile yet.

Tivoli A/S at a glance

Size Tivoli A/S (TIV.CO) is a Denmark Communication Services company (Movies/Entertainment) with a market value of $536M, the 50th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 618.00 on 6 Nov 2026.

Performance Over six months the shares fell 2.5%, against +0.3% for the median peer and +8.8% for the Denmark market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 6.1% over the last twelve months (peer median +3.9%); the operating margin is 9.8% (peer median 8.7%).

Valuation It trades at 2.8× enterprise value to sales against a peer median of 1.8× (8th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.8 points above its cost of capital (5.0% WACC).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 100TIV.CO 97
Six months, rebased to 100: Tivoli A/S against the median of its 20 peers (local-currency closes).

Tivoli A/S financials

Reported figures in DKK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueDKK 1.40BDKK 1.34BDKK 1.32BDKK 1.21BDKK 1.13B
Revenue growth—+2%+9%+7%—
Gross profitDKK 137MDKK 163MDKK 152MDKK 114MDKK 85.8M
EBITDADKK 260MDKK 281MDKK 261MDKK 223MDKK 205M
Net incomeDKK 104MDKK 122MDKK 124MDKK 86.3MDKK 65.1M
Free cash flowDKK 23.3MDKK 38.6MDKK 51.4MDKK 86.0MDKK 103M
Capital expenditureDKK 205MDKK 203MDKK 163MDKK 122MDKK 83.6M
Total debtDKK 368MDKK 296MDKK 323MDKK 345MDKK 370M

Quarterly statements and history in the cockpit →

Tivoli A/S competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%+20%1896LUCK2534500029051228700933300426RNK002343079160ANGX5253CGXTWC300027BOWLBAMI600136STRZWVIATIV.CO6-month return →1-month return →
Up and to the right = strong over both horizons. Tivoli A/S is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%0×10×20×1896LUCK2534500029051228700933300426002343ANGX5253300027600136WVIATIV.CORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tivoli A/S is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%0%50%100%00290512287009333004260023430791605253CGXTWCBOWLBAMI600136WVIATIV.COGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tivoli A/S is the large dot.

Tivoli A/S competitors and peer comparison

How Tivoli A/S compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tivoli A/S against its 20 peers (data as of 6 Nov 2026)
MeasureTIV.COPeer medianRank in peer set
1-month return+2.7%+3.3%11th highest of 21
6-month return-2.5%+0.3%10th lowest of 21
Distance from 52-week high-6.1%-29.9%3rd highest of 21
Revenue growth (TTM)+6.1%+3.9%7th highest of 21
Operating margin9.8%8.7%8th highest of 21
EV / Sales2.8×1.8×8th most expensive of 21
Growth the price implies (Req g, 7 yrs)8.8%7.9%6th most demanding of 15
Growth delivered (Del g)+23.0%+18.4%7th highest of 15
Hurdle (Req g minus delivered)-14.2 pp-20.0 pp6th most demanding of 15
ROIC minus cost of capital+1.8 pp-1.6 pp5th highest of 20
EV / EBITDA15.1×8.0×2nd most expensive of 16
Net debt / EBITDA1.4×1.0×7th most indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Tivoli A/S TIV.CODenmark$536M-3%+6%10%2.8×8.8%+23.0%
Maoyan Entertainment 1896.HKHong Kong$547M-38%-7%9%0.1×n/an/a
Lucky Strike Entertainment LUCKUnited States$518M-54%+4%13%3.1×n/an/a
Studio Dragon 253450.KSSouth Korea$515M-33%+24%9%1.2×n/an/a
Guangzhou Jinyi Media 002905.SZChina$515M-11%-15%-14%5.2×8.1%+14.3%
YG Entertainment 122870.KSSouth Korea$578M-22%+60%11%1.1×-5.7%+16.4%
Viva Goods 0933.HKHong Kong$578M-23%+4%4%0.9×2.5%+65.8%
Zhejiang Huazhi Digital Media 300426.SZChina$578M+30%-71%27%55.9×33.6%-10.6%
Rank RNK.LUnited Kingdom$583M-3%+5%9%0.7×5.8%+20.4%
Ciwen Media 002343.SZChina$610M+38%-55%-35%18.0×32.0%-9.9%
CJ CGV 079160.KSSouth Korea$629M+5%+12%5%1.2×8.2%+31.3%
Angel Studios ANGXUnited States$633M+1%+233%-30%1.6×n/an/a
COVER 5253.TJapan$633M+11%+4%14%1.8×11.4%+53.8%
Cineplex CGX.TOCanada$641M+26%-2%9%1.9×3.2%+25.2%
TWC Enterprises TWC.TOCanada$447M+4%-3%19%2.0×-6.0%+12.0%
Huayi Brothers Media 300027.SZChina$648M-14%-24%-125%22.5×n/an/a
Hollywood Bowl BOWL.LUnited Kingdom$658M+17%+9%24%2.7×-4.4%+25.8%
Blue Ant Media BAMI.TOCanada$429M-1%+5%10%3.3×12.7%-2.1%
Wuhan MC Culture & Sports 600136.SSChina$425M-22%-39%-4%7.1×51.0%-6.4%
Starz Entertainment STRZUnited States$425M+25%-8%-5%0.9×n/an/a
Winvia Entertainment WVIA.LUnited Kingdom$417M+31%+100%10%1.4×7.6%+99.9%

Questions

Which companies are Tivoli A/S's closest peers?
The cockpit's peer set: Maoyan Entertainment (1896.HK), Lucky Strike Entertainment (LUCK), Studio Dragon (253450.KS), Guangzhou Jinyi Media (002905.SZ), YG Entertainment (122870.KS), Viva Goods (0933.HK), Zhejiang Huazhi Digital Media (300426.SZ), Rank (RNK.L).
Is Tivoli A/S expensive compared with its peers?
On ev / sales it trades at 2.8× against a peer median of 1.8×, 8th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has Tivoli A/S stock performed?
Over six months to 6 Nov 2026 the shares returned -2.5% against +0.3% for the median peer; over one year +4.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.