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AMADEUS FIRE
(XETRA:AAD)
Select Model
Select Model
Rating:57Neutral
Price Target:
€17.50
▼(-18.60% Downside)
Action:Reiterated
Date:08/17/26
Overall score is driven primarily by weakened profitability and a swing to net losses (major drag), partially offset by positive and improving free cash flow and a balance sheet with moderate, improving leverage. Technicals are broadly neutral, while the very high dividend yield supports the score but comes with sustainability risk given the loss-making TTM period.
Positive Factors
Positive cash generation
Positive operating and free cash flow provide internally generated funding for operations and investment, reducing reliance on external financing. The strong recent FCF growth is a useful counterweight to weaker earnings and can support resilience over the next several quarters if maintained.
Negative Factors
Revenue contraction
A declining trailing revenue base indicates that demand and activity have not yet returned to the earlier growth profile. Continued contraction would reduce operating leverage, make fixed costs harder to absorb, and limit the company’s ability to rebuild profitability across its service segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive operating and free cash flow provide internally generated funding for operations and investment, reducing reliance on external financing. The strong recent FCF growth is a useful counterweight to weaker earnings and can support resilience over the next several quarters if maintained.
Read all positive factors
AMADEUS FIRE (AAD) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€92.35M
Dividend Yield23.71%
Average Volume (3M)13.06K
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue Growth-12.25%
EPS Growth-140.77%
CountryDE
Employees1,632
SectorGeneral
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-1.25
Shares Outstanding5,432,157
10 Day Avg. Volume15,098
30 Day Avg. Volume13,065
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)1.80
Price to Sales (P/S)0.64
P/FCF Ratio15.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.74
Revenue Forecast (FY)€355.26M
AMADEUS FIRE Business Overview & Revenue Model
Company Description
Established in 1986 and headquartered in Frankfurt am Main, Germany, Amadeus FiRe AG specializes in delivering comprehensive human resources and professional development services. The company operates through two primary divisions: Staffing Soluti...
How the Company Makes Money
Amadeus Fire makes money mainly from (1) personnel services fees and (2) training/education revenues.
1) Personnel Services revenue: The company earns revenue by matching client demand for qualified professionals with candidates from its network....
AMADEUS FIRE Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 348.76M | 363.60M | 436.91M | 442.36M | 407.07M | 372.37M |
| Gross Profit | 174.37M | 165.74M | 236.42M | 243.38M | 216.39M | 199.63M |
| EBITDA | 40.28M | 42.98M | 83.41M | 93.00M | 91.91M | 83.22M |
| Net Income | -6.79M | -2.40M | 32.63M | 40.44M | 38.39M | 34.05M |
Balance Sheet | ||||||
| Total Assets | 355.32M | 373.88M | 330.12M | 359.05M | 336.13M | 343.89M |
| Cash, Cash Equivalents and Short-Term Investments | 2.42M | 3.70M | 2.37M | 9.89M | 5.70M | 11.59M |
| Total Debt | 55.85M | 144.10M | 88.67M | 91.47M | 79.76M | 121.36M |
| Total Liabilities | 228.05M | 242.96M | 175.14M | 207.54M | 167.71M | 203.56M |
| Stockholders Equity | 126.25M | 129.99M | 154.28M | 148.83M | 166.34M | 138.50M |
Cash Flow | ||||||
| Free Cash Flow | 18.75M | 15.27M | 45.24M | 74.42M | 76.99M | 68.43M |
| Operating Cash Flow | 31.11M | 26.75M | 52.98M | 83.14M | 83.89M | 75.92M |
| Investing Cash Flow | -41.38M | -39.89M | -7.68M | -8.67M | -6.30M | -7.38M |
| Financing Cash Flow | 5.72M | 14.46M | -52.81M | -70.28M | -83.48M | -86.95M |
AMADEUS FIRE Technical Analysis
Neutral
21.50
Price Trends
19.31
Negative
20.63
Negative
25.25
Negative
Market Momentum
-0.70
Negative
43.18
Neutral
61.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AAD, the sentiment is Neutral. The current price of 21.5 is above the 20-day moving average (MA) of 16.90, above the 50-day MA of 19.31, and below the 200-day MA of 25.25, indicating a neutral trend. The MACD of -0.70 indicates Negative momentum. The RSI at 43.18 is Neutral, neither overbought nor oversold. The STOCH value of 61.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:AAD.
AMADEUS FIRE Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €1.39B | 27.11 | 55.52% | 2.61% | 12.01% | 11.51% | |
62 Neutral | €155.70M | 8.65 | 13.38% | 7.41% | -9.97% | 280.10% | |
60 Neutral | €4.39B | 17.78 | 12.00% | 2.01% | 7.74% | 14.82% | |
59 Neutral | €414.54M | 22.36 | 9.65% | 1.23% | 12.73% | 51.34% | |
57 Neutral | €92.35M | -13.60 | -5.25% | 23.71% | -12.25% | -140.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €360.70M | -36.02 | -8.99% | 1.66% | -1.94% | -161.38% |
* General Sector Average
DE:AAD
AMADEUS FIRE
16.48
-38.42
-69.98%
DE:ADN1
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66.80
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DE:A1OS
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72.80
30.77
73.21%
DE:AEIN
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13.55
-2.34
-14.73%
DE:AOF
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88.50
-13.28
-13.05%
DE:BC8
Bechtle Aktiengesellschaft
35.28
1.08
3.15%
AMADEUS FIRE Corporate Events
Regulatory Filings and Compliance
Amadeus Fire Board Member Increases Stake Through Insider Share Purchase
Positive
Oct 1, 2026
Amadeus Fire AG disclosed a managers’ transaction under Article 19 of the Market Abuse Regulation, reporting that managing board member Robert von Wülfing purchased company shares on 1 October 2026 via the Tradegate platform. The transa...
Regulatory Filings and Compliance
Amadeus Fire Board Member Signals Confidence With Insider Share Purchase
Positive
Sep 22, 2026
Member of the Amadeus Fire AG management board Dennis Gerlitzki has acquired company shares on the Xetra trading platform, according to a managers’ transactions disclosure under Article 19 of the Market Abuse Regulation. The purchases were e...
Regulatory Filings and Compliance
Amadeus Fire Manager Robert von Wülfing Buys Shares Under MAR Disclosure
Positive
Sep 16, 2026
Amadeus Fire AG disclosed a managers’ transaction under article 19 of the Market Abuse Regulation, reporting a share purchase by managing body member Robert von Wülfing. The transaction involved the acquisition of Amadeus Fire shares on...
Other
Amadeus Fire Executive Monika Wiederhold Buys Shares Worth €22,000
Positive
Sep 16, 2026
A member of Amadeus Fire AG’s managing body, Monika Wiederhold, has purchased company shares on the German market. The transaction, executed via Direkthandel, involved a total volume of €22,101.80 at an average price of €17.6814 ...
Business Operations and StrategyRegulatory Filings and Compliance
Allianz Global Investors trims stake in Amadeus Fire below 3% threshold
Neutral
Sep 14, 2026
Allianz Global Investors GmbH has reduced its voting stake in Amadeus Fire AG, triggering a disclosure under German securities law. The asset manager’s holdings in shares with voting rights fell below the 3% threshold on 10 September 2026, r...
Regulatory Filings and Compliance
Amadeus Fire Board Member Buys Shares Under MAR Disclosure
Positive
Sep 9, 2026
Amadeus Fire AG disclosed a managers’ transaction under article 19 of the Market Abuse Regulation, reporting that managing board member Robert von Wülfing purchased company shares on 9 September 2026. The transaction, executed via the T...
Regulatory Filings and Compliance
Amadeus Fire Corrects Insider Share Purchase Disclosure
Positive
Sep 4, 2026
Amadeus Fire AG has issued a correction to a previously published managers’ transactions announcement under article 19 of the Market Abuse Regulation. The update concerns a share purchase by supervisory board member Michael Grimm and clarifi...
Regulatory Filings and Compliance
Amadeus Fire Supervisory Board Member Reports Share Purchase Under MAR
Positive
Sep 4, 2026
Amadeus Fire AG has disclosed a managers’ transaction under Article 19 of the EU Market Abuse Regulation, reporting that supervisory board member Michael Grimm purchased company shares on the Xetra trading platform. The transaction involved ...
Business Operations and StrategyFinancial Disclosures
Amadeus Fire Cuts 2026 Revenue Outlook but Sees EBITA Rebound
Negative
Jul 28, 2026
Amadeus Fire AG has revised its 2026 outlook after preliminary first-half figures showed consolidated revenue falling to about €171.7 million from €186.6 million a year earlier and operating EBITA dropping to roughly €3.5 million...
Financial DisclosuresRegulatory Filings and Compliance
Amadeus Fire Sets Date for 2026 Half-Year Financial Report
Neutral
Jul 24, 2026
Amadeus Fire AG has announced that it will publish its consolidated half-year report for the 2026 financial year, covering the period from January 1 to June 30, on August 3, 2026 via its investor relations website. The scheduled disclosure signals...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.