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Amadeus IT Group S.A
(BME:AMS)
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Rating:75Outperform
Price Target:
€60.00
▲(3.09% Upside)
Action:Upgraded
Date:08/01/26
The score is driven primarily by strong financial performance (healthy margins, strong cash generation, and constructive TTM growth), tempered by balance-sheet sensitivity from rising total debt and some variability in cash conversion. Valuation is supportive with a moderate P/E and ~2.9% dividend yield. Technicals are mixed, with near-term strength above key moving averages but still below the 200-day average.
Positive Factors
Strong profitability and operating leverage
High gross, operating, and net margins indicate a scalable technology model with pricing power and operating leverage. If sustained, this profitability can support reinvestment, resilience, and continued earnings growth across travel cycles.
Negative Factors
Debt has increased despite improved leverage
Although leverage is below the 2021–2022 peak, rising absolute debt increases sensitivity to slower growth, weaker travel volumes, or higher funding costs. It could constrain financial flexibility if operating performance deteriorates.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and operating leverage
High gross, operating, and net margins indicate a scalable technology model with pricing power and operating leverage. If sustained, this profitability can support reinvestment, resilience, and continued earnings growth across travel cycles.
Read all positive factors
Amadeus IT Group S.A (AMS) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€23.24B
Dividend Yield2.74%
Average Volume (3M)656.44K
Price to Earnings (P/E)19.1
Beta (1Y)0.82
Revenue Growth3.82%
EPS Growth0.13%
CountryES
Employees20,424
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)3.02
Shares Outstanding431,571,300
10 Day Avg. Volume589,776
30 Day Avg. Volume656,438
Financial Highlights & Ratios
PEG Ratio3.72
Price to Book (P/B)5.69
Price to Sales (P/S)4.24
P/FCF Ratio13.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€65.75Price Target Upside12.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)3.45
Revenue Forecast (FY)€6.84B
Amadeus IT Group S.A Business Overview & Revenue Model
Company Description
Amadeus IT Group, S.A., together with its subsidiaries, operates as a transaction processor for the travel and tourism industry in Europe, Central and South America, the Middle East, Africa, and Asia Pacific. It operates in three segments: Air Dis...
How the Company Makes Money
Amadeus primarily makes money by selling technology and transaction-based services to travel providers and travel sellers, with revenue generally tied to (a) the volume of travel transactions processed through its platforms and (b) recurring fees ...
Amadeus IT Group S.A Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.59B | 6.52B | 6.14B | 5.44B | 4.49B | 2.67B |
| Gross Profit | 2.72B | 1.81B | 2.65B | 2.41B | 1.87B | 834.90M |
| EBITDA | 2.53B | 2.49B | 2.35B | 2.09B | 1.61B | 586.20M |
| Net Income | 1.31B | 1.34B | 1.25B | 1.12B | 664.40M | -142.40M |
Balance Sheet | ||||||
| Total Assets | 11.76B | 11.47B | 11.78B | 10.80B | 11.71B | 11.18B |
| Cash, Cash Equivalents and Short-Term Investments | 976.00M | 986.80M | 1.13B | 1.06B | 1.99B | 1.82B |
| Total Debt | 3.60B | 3.19B | 3.38B | 3.31B | 4.41B | 4.98B |
| Total Liabilities | 7.17B | 6.62B | 6.72B | 6.31B | 7.13B | 7.44B |
| Stockholders Equity | 4.57B | 4.85B | 5.06B | 4.48B | 4.58B | 3.75B |
Cash Flow | ||||||
| Free Cash Flow | 1.77B | 2.09B | 1.36B | 1.19B | 874.10M | 176.10M |
| Operating Cash Flow | 2.16B | 2.15B | 2.15B | 1.79B | 1.44B | 636.30M |
| Investing Cash Flow | -802.50M | -805.60M | -1.15B | 4.50M | -493.30M | -205.50M |
| Financing Cash Flow | -1.63B | -1.41B | -990.10M | -2.19B | -640.10M | -865.80M |
Amadeus IT Group S.A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €38.73B | 17.21 | 24.85% | 4.28% | 9.98% | 11.17% | |
75 Outperform | €23.24B | 19.07 | 27.13% | 2.74% | 3.82% | 0.13% | |
70 Outperform | €557.91M | 14.03 | 15.68% | ― | -3.28% | -31.40% | |
67 Neutral | €3.07B | 8.92 | 21.84% | 3.70% | 4.19% | 5.15% | |
63 Neutral | €2.56B | 10.67 | 24.38% | 2.03% | 12.43% | 38.72% | |
58 Neutral | €27.16B | 26.31 | 19.75% | 2.23% | 10.46% | 14.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ES:AMS
Amadeus IT Group S.A
56.26
-11.27
-16.69%
ES:ACS
Actividades de Construccion y Servicios SA
104.00
38.89
59.73%
ES:AENA
Aena SA
25.48
1.83
7.76%
ES:CIE
CIE Automotive
25.40
-1.18
-4.44%
ES:CAF
Construcciones y Auxiliar de Ferrocarriles
74.90
23.40
45.43%
ES:EDR
EDreams ODIGEO
5.11
-2.94
-36.52%
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.