AMS Stock Analysis: Amadeus IT S.A. | MC
Information Technology Services | MC, Spain | Market Cap: 22.091m EUR | 12M Return: -21.5% | ES0109067019 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 34.0M
EPS Trend: 95.9%
Qual. Beats: 0
Rev. Trend: 97.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Amadeus IT Group (AMS) is a Spain-based transaction processor for the global travel and tourism industry, headquartered in Madrid and founded in 1987. The company operates across Europe, Central and South America, the Middle East, Africa, and Asia Pacific, serving a broad range of travel providers and sellers including airlines, hotels, tour operators, cruise and ferry lines, car rental firms, and travel agencies.
The business is organized into three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. Its core offerings run on the Amadeus GDS (Global Distribution System), the Altéa Passenger Service System, and the New Skies platforms, providing real-time search, pricing, booking, ticketing, and back-office solutions such as reservations, inventory management, payments, and departure control. The company also engages in adjacent activities including software development, IT consulting, data processing, and e-commerce services.
Amadeus operates a two-sided platform business model, monetizing travel transactions by connecting travel suppliers (such as airlines and hotels) with travel sellers (such as online and offline travel agencies). The GDS industry is highly concentrated, with Amadeus competing primarily with Sabre and Travelport. The company maintains a strategic collaboration with Accenture plc to develop its travel advertising platform.
- Air IT Solutions bookings recovery drives revenue growth
- Airline migrations to Altéa PSS expand long-term contract base
- GDS distribution faces competition from direct connect and Sabre
| Net Income: 1.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA -2.22 > 1.0 |
| NWC/Revenue: -13.95% < 20% (prev 6.85%; Δ -20.80% < -1%) |
| CFO/TA 0.18 > 3% & CFO 2.14b > Net Income 1.31b |
| Net Debt (2.75b) to EBITDA (2.53b): 1.09 < 3 |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (431.3m) vs 12m ago -4.47% < -2% |
| Gross Margin: 41.26% > 18% (prev 45.78%; Δ -4.51% > 0.5%) |
| Asset Turnover: 55.97% > 50% (prev 53.82%; Δ 2.15% > 0%) |
| Interest Coverage Ratio: 22.12 > 6 (EBIT TTM 1.77b / Interest Expense TTM 80.0m) |
| A: -0.08 (Total Current Assets 2.64b - Total Current Liabilities 3.56b) / Total Assets 11.8b |
| B: 0.46 (Retained Earnings 5.37b / Total Assets 11.8b) |
| C: 0.15 (EBIT TTM 1.77b / Avg Total Assets 11.8b) |
| D: 0.64 (Book Value of Equity 4.57b / Total Liabilities 7.17b) |
| Altman-Z'' = 2.65 = A |
| DSRI: 1.17 (Receivables 1.02b/843.2m, Revenue 6.59b/6.35b) |
| GMI: 1.11 (GM 45.78% / 41.26%) |
| AQI: 1.02 (AQ_t 0.74 / AQ_t-1 0.73) |
| SGI: 1.04 (Revenue 6.59b / 6.35b) |
| TATA: -0.07 (NI 1.31b - CFO 2.14b) / TA 11.8b) |
| Beneish M = -2.76 (Cap -4..+1) = A |
As of October 08, 2026, the stock is trading at EUR 51.84 with a total of 584,428 shares traded. Over the past week, the price has changed by +0.04%, over one month by -7.86%, over three months by -0.27% and over the past year by -21.52%.
Current recommended Stop Loss: 49.70 (which is 4.1% or 1.5 ATR below the current price).
Amadeus IT S.A. has no consensus analysts rating.
P/E Trailing = 17.3597
P/E Forward = 14.0845
P/S = 3.3513
P/B = 4.9744
P/EG = 1.2581
Revenue TTM = 6.59b EUR
EBIT TTM = 1.77b EUR
EBITDA TTM = 2.53b EUR
Long Term Debt = 2.44b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.07b EUR (from shortTermDebt, last quarter)
Debt = 3.72b EUR (from shortLongTermDebtTotal, last quarter) + Leases 127.0m
Net Debt = 2.75b EUR (calculated: Debt 3.72b - CCE 976.0m)
Enterprise Value = 24.8b EUR (22.1b + Debt 3.72b - CCE 976.0m)
Interest Coverage Ratio = 22.12 (Ebit TTM 1.77b / Interest Expense TTM 80.0m)
EV/FCF = 14.06x (Enterprise Value 24.8b / FCF TTM 1.77b)
FCF Yield = 7.11% (FCF TTM 1.77b / Enterprise Value 24.8b)
FCF Margin = 26.81% (FCF TTM 1.77b / Revenue TTM 6.59b)
Net Margin = 19.86% (Net Income TTM 1.31b / Revenue TTM 6.59b)
Gross Margin = 41.26% ((Revenue TTM 6.59b - Cost of Revenue TTM 3.87b) / Revenue TTM)
Gross Margin QoQ = 46.64% (prev 45.29%)
Tobins Q-Ratio = 2.11 (Enterprise Value 24.8b / Total Assets 11.8b)
Interest Expense / Debt = 2.15% (Interest Expense 80.0m / Debt 3.72b)
Taxrate = 22.94% (389.2m / 1.70b)
NOPAT = 1.36b (EBIT 1.77b * (1 - 22.94%))
Current Ratio = 0.74 (Total Current Assets 2.64b / Total Current Liabilities 3.56b)
Debt / Equity = 0.81 (Debt 3.72b / totalStockholderEquity, last quarter 4.57b)
Debt / EBITDA = 1.09 (Net Debt 2.75b / EBITDA 2.53b)
Debt / FCF = 1.56 (Net Debt 2.75b / FCF TTM 1.77b)
Total Stockholder Equity = 4.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.11% (Net Income 1.31b / Total Assets 11.8b)
RoE = 27.13% (Net Income TTM 1.31b / Total Stockholder Equity 4.83b)
RoCE = 24.35% (EBIT 1.77b / Capital Employed (Equity 4.83b + L.T.Debt 2.44b))
RoIC = 15.26% (NOPAT 1.36b / Invested Capital 8.94b)
WACC = 6.79% (E(22.1b)/V(25.8b) * Re(7.66%) + D(3.72b)/V(25.8b) * Rd(2.15%) * (1-Tc(0.23)))
Discount Rate = 7.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.11 | Cagr: -2.17%
[DCF] Terminal Value 73.43% ; FCFF base≈1.87b ; Y1≈1.67b ; Y5≈1.40b
[DCF] Fair Price = 46.76 (EV 22.4b - Net Debt 2.75b = Equity 19.6b / Shares 420.0m; r=8.35% [WACC [floored]]; 5y FCF grow -13.16% → 2.50% )
EPS Correlation: 95.86 | EPS CAGR: 12.45% | SUE: 0.50 | # QB: 0
Revenue Correlation: 97.04 | Revenue CAGR: 8.67% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.93 | Chg30d=+1.59% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=3.44 | Chg30d=-0.45% | Revisions=-22% | GrowthEPS=+7.4% | GrowthRev=+4.8%
EPS next Year (2027-12-31): EPS=3.87 | Chg30d=-0.06% | Revisions=-22% | GrowthEPS=+12.6% | GrowthRev=+9.0%
[Analyst] Revisions Ratio: -24% (up=5, down=9)