AMADEUS IT GROUP, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 59.64 EUR | +0.74% |
|
+3.87% | -8.08% |
| Apr. 18 | Amadeus Appoints Mark Cullen as Chief Commercial Officer, Amadeus Cytric Solutions | CI |
| Apr. 08 | Amadeus IT Group Concludes Takeover of Biometrics Company Vision-Box | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,378 | 26,817 | 26,825 | 21,842 | 28,816 | 26,277 | - | - |
| Enterprise Value (EV) 1 | 34,137 | 29,891 | 29,874 | 21,842 | 31,087 | 28,015 | 27,180 | 26,467 |
| P/E ratio | 27 x | -42.5 x | -186 x | 33.5 x | 28.3 x | 21.6 x | 19.2 x | 17.7 x |
| Yield | 0.77% | - | - | - | 1.91% | 2.24% | 2.56% | 2.94% |
| Capitalization / Revenue | 5.63 x | 12.3 x | 10 x | 4.87 x | 5.3 x | 4.31 x | 3.96 x | 3.71 x |
| EV / Revenue | 6.12 x | 13.7 x | 11.2 x | 4.87 x | 5.71 x | 4.6 x | 4.1 x | 3.74 x |
| EV / EBITDA | 15.2 x | 131 x | 47.6 x | 13.3 x | 14.8 x | 11.9 x | 10.4 x | 9.29 x |
| EV / FCF | 32.7 x | -55.2 x | 170 x | - | 26 x | 21.4 x | 19.2 x | 16.8 x |
| FCF Yield | 3.06% | -1.81% | 0.59% | - | 3.84% | 4.68% | 5.2% | 5.95% |
| Price to Book | 8.29 x | 7.16 x | 7.17 x | - | 6.38 x | 5.02 x | 4.31 x | 3.73 x |
| Nbr of stocks (in thousands) | 431,019 | 450,253 | 449,787 | 449,884 | 444,145 | 440,593 | - | - |
| Reference price 2 | 72.80 | 59.56 | 59.64 | 48.55 | 64.88 | 59.64 | 59.64 | 59.64 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,578 | 2,174 | 2,670 | 4,486 | 5,441 | 6,093 | 6,631 | 7,085 |
| EBITDA 1 | 2,245 | 227.8 | 627.6 | 1,640 | 2,094 | 2,352 | 2,624 | 2,848 |
| EBIT 1 | 1,540 | -772.3 | -83 | 962.7 | 1,414 | 1,697 | 1,914 | 2,124 |
| Operating Margin | 27.61% | -35.52% | -3.11% | 21.46% | 25.99% | 27.85% | 28.86% | 29.98% |
| Earnings before Tax (EBT) 1 | 1,471 | -882.7 | -197.4 | 871.7 | 1,362 | 1,639 | 1,876 | 2,047 |
| Net income 1 | 1,162 | -625.4 | -142.4 | 664.3 | 1,118 | 1,234 | 1,396 | 1,552 |
| Net margin | 20.83% | -28.77% | -5.33% | 14.81% | 20.54% | 20.26% | 21.05% | 21.91% |
| EPS 2 | 2.700 | -1.400 | -0.3200 | 1.450 | 2.290 | 2.756 | 3.107 | 3.375 |
| Free Cash Flow 1 | 1,045 | -541.9 | 176.1 | - | 1,194 | 1,311 | 1,415 | 1,574 |
| FCF margin | 18.73% | -24.93% | 6.6% | - | 21.95% | 21.51% | 21.33% | 22.21% |
| FCF Conversion (EBITDA) | 46.54% | - | 28.06% | - | 57.03% | 55.73% | 53.91% | 55.25% |
| FCF Conversion (Net income) | 89.96% | - | - | - | 106.87% | 106.18% | 101.32% | 101.4% |
| Dividend per Share 2 | 0.5600 | - | - | - | 1.240 | 1.338 | 1.530 | 1.755 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,744 | 1,281 | - | 1,121 | 739.1 | 809.8 | 1,549 | 917.2 | 1,183 | 2,100 | 1,218 | 1,168 | 2,386 | 1,311 | 1,381 | 2,692 | 1,394 | 1,355 | 2,749 | 1,468 | 1,534 | 2,984 | 1,566 | 1,521 | 3,064 | 1,622 | 3,241 | 3,312 | 3,465 |
| EBITDA 1 | 1,052 | 194.1 | - | 199 | 206.7 | 221.9 | 428.6 | 295.8 | 495.8 | 791.6 | 450.4 | 398.3 | 848.7 | 509.8 | 536.3 | 1,046 | 547.7 | 500.5 | 1,048 | 568.5 | 580.5 | 1,170 | 610.4 | 585.9 | 1,139 | 811.3 | 1,291 | 1,250 | 1,402 |
| EBIT 1 | 672.3 | -236 | -536.3 | -123.8 | 43 | 17.2 | 60.2 | 138.7 | 334.5 | 473.2 | 291.9 | 197.6 | 489.5 | 354.4 | 380.3 | 734.7 | 390.4 | 288.8 | 679.2 | 418.3 | 444.9 | 819 | 458.9 | 385.3 | 777 | 645.8 | 915 | 860 | 984 |
| Operating Margin | 24.5% | -18.42% | - | -11.04% | 5.82% | 2.12% | 3.89% | 15.12% | 28.29% | 22.54% | 23.97% | 16.91% | 20.51% | 27.03% | 27.54% | 27.29% | 28% | 21.32% | 24.71% | 28.5% | 29.01% | 27.45% | 29.3% | 25.34% | 25.36% | 39.81% | 28.23% | 25.97% | 28.4% |
| Earnings before Tax (EBT) | - | -269.9 | - | -175 | 9.6 | -12.7 | -3.1 | 107.6 | 312.5 | 420.2 | 268.4 | 183.2 | 451.6 | 339.9 | 366.8 | 706.6 | 375.9 | 279.1 | 655 | - | - | 785 | - | - | 749 | - | 887 | 833 | 958 |
| Net income 1 | - | -196.7 | - | -130.3 | 6.5 | -4.8 | 1.7 | 81.3 | 237.1 | 318.5 | 202.7 | 143.1 | 345.8 | 262.4 | 300.9 | 563.2 | 301.2 | 274.2 | 554.2 | 303.8 | 317.1 | 597 | 336.2 | 286.1 | 570 | 478.8 | 674 | 633 | 728 |
| Net margin | - | -15.35% | - | -11.62% | 0.88% | -0.59% | 0.11% | 8.86% | 20.05% | 15.17% | 16.65% | 12.25% | 14.49% | 20.01% | 21.79% | 20.92% | 21.6% | 20.24% | 20.16% | 20.7% | 20.68% | 20.01% | 21.47% | 18.81% | 18.6% | 29.52% | 20.8% | 19.11% | 21.01% |
| EPS 2 | - | - | - | - | 0.0100 | -0.0100 | - | 0.1800 | 0.5100 | 0.6900 | 0.4500 | 0.3100 | 0.7600 | 0.5700 | 0.6700 | 1.250 | 0.6600 | 0.4600 | 1.080 | 0.6700 | 0.7228 | 1.320 | 0.7663 | 0.6026 | 1.260 | 1.070 | 1.500 | 1.410 | 1.620 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.240 | - | - | - | - | - |
| Announcement Date | 2/28/20 | 7/31/20 | 2/26/21 | 7/30/21 | 11/5/21 | 2/25/22 | 2/25/22 | 5/6/22 | 7/29/22 | 7/29/22 | 11/4/22 | 2/24/23 | 2/24/23 | 5/9/23 | 7/28/23 | 7/28/23 | 11/7/23 | 2/28/24 | 2/28/24 | - | - | - | - | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,758 | 3,074 | 3,049 | - | 2,271 | 1,738 | 903 | 190 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.229 x | 13.49 x | 4.858 x | - | 1.084 x | 0.739 x | 0.3441 x | 0.0666 x |
| Free Cash Flow 1 | 1,045 | -542 | 176 | - | 1,194 | 1,311 | 1,415 | 1,574 |
| ROE (net income / shareholders' equity) | 33.4% | -8.03% | -1.19% | - | 24.6% | 25.8% | 24.8% | 24.5% |
| ROA (Net income/ Total Assets) | 11.3% | -5.66% | -0.39% | - | 9.93% | 11.2% | 11.9% | 12.4% |
| Assets 1 | 10,266 | 11,051 | 36,557 | - | 11,255 | 10,989 | 11,773 | 12,555 |
| Book Value Per Share 2 | 8.780 | 8.320 | 8.320 | - | 10.20 | 11.90 | 13.80 | 16.00 |
| Cash Flow per Share 2 | 4.180 | 0.0700 | 1.370 | - | 3.880 | 4.520 | 4.850 | 5.570 |
| Capex 1 | 736 | 502 | 460 | - | 601 | 723 | 771 | 786 |
| Capex / Sales | 13.2% | 23.07% | 17.24% | - | 11.04% | 11.87% | 11.63% | 11.09% |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
59.64
EUR
Average target price
71.06
EUR
Spread / Average Target
+19.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.08% | 28.05B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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