AMADEUS IT GROUP SA (AI3A.DE) Fundamental Analysis & Valuation

FRA:AI3A • ES0109067019

49.6 EUR
-2.52 (-4.83%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This AI3A.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to AI3A. AI3A was compared to 57 industry peers in the Hotels, Restaurants & Leisure industry. AI3A scores excellent on profitability, but there are some minor concerns on its financial health. AI3A is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. AI3A.DE Profitability Analysis

1.1 Basic Checks

  • AI3A had positive earnings in the past year.
  • In the past year AI3A had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: AI3A reported negative net income in multiple years.
  • Of the past 5 years AI3A 4 years had a positive operating cash flow.
AI3A.DE Yearly Net Income VS EBIT VS OCF VS FCFAI3A.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B 2B

1.2 Ratios

  • AI3A has a better Return On Assets (11.65%) than 91.23% of its industry peers.
  • AI3A has a better Return On Equity (26.61%) than 82.46% of its industry peers.
  • With an excellent Return On Invested Capital value of 17.29%, AI3A belongs to the best of the industry, outperforming 87.72% of the companies in the same industry.
  • AI3A had an Average Return On Invested Capital over the past 3 years of 13.07%. This is in line with the industry average of 11.51%.
  • The 3 year average ROIC (13.07%) for AI3A is below the current ROIC(17.29%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.65%
ROE 26.61%
ROIC 17.29%
ROA(3y)8.89%
ROA(5y)4.01%
ROE(3y)21.39%
ROE(5y)8.73%
ROIC(3y)13.07%
ROIC(5y)N/A
AI3A.DE Yearly ROA, ROE, ROICAI3A.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

  • AI3A has a better Profit Margin (20.96%) than 96.49% of its industry peers.
  • In the last couple of years the Profit Margin of AI3A has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 28.66%, AI3A belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
  • AI3A's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of AI3A (75.34%) is better than 84.21% of its industry peers.
  • In the last couple of years the Gross Margin of AI3A has remained more or less at the same level.
Industry RankSector Rank
OM 28.66%
PM (TTM) 20.96%
GM 75.34%
OM growth 3YN/A
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5Y0.41%
GM growth 3Y-2.83%
GM growth 5Y0.11%
AI3A.DE Yearly Profit, Operating, Gross MarginsAI3A.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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6

2. AI3A.DE Health Analysis

2.1 Basic Checks

  • AI3A has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • AI3A has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
AI3A.DE Yearly Shares OutstandingAI3A.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
AI3A.DE Yearly Total Debt VS Total AssetsAI3A.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 3.72 indicates that AI3A is not in any danger for bankruptcy at the moment.
  • AI3A has a better Altman-Z score (3.72) than 80.70% of its industry peers.
  • The Debt to FCF ratio of AI3A is 2.42, which is a good value as it means it would take AI3A, 2.42 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AI3A (2.42) is better than 77.19% of its industry peers.
  • AI3A has a Debt/Equity ratio of 0.50. This is a neutral value indicating AI3A is somewhat dependend on debt financing.
  • AI3A has a Debt to Equity ratio of 0.50. This is in the better half of the industry: AI3A outperforms 75.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.42
Altman-Z 3.72
ROIC/WACC2.4
WACC7.19%
AI3A.DE Yearly LT Debt VS Equity VS FCFAI3A.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • AI3A has a Current Ratio of 0.88. This is a bad value and indicates that AI3A is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AI3A's Current ratio of 0.88 is in line compared to the rest of the industry. AI3A outperforms 52.63% of its industry peers.
  • AI3A has a Quick Ratio of 0.88. This is a bad value and indicates that AI3A is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AI3A has a Quick ratio of 0.88. This is comparable to the rest of the industry: AI3A outperforms 54.39% of its industry peers.
  • AI3A does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.88
AI3A.DE Yearly Current Assets VS Current LiabilitesAI3A.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. AI3A.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.64% over the past year.
  • Measured over the past years, AI3A shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.73% on average per year.
EPS 1Y (TTM)4.64%
EPS 3Y24.73%
EPS 5YN/A
EPS Q2Q%0.27%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.81%

3.2 Future

  • AI3A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.72% yearly.
  • The Revenue is expected to grow by 5.54% on average over the next years.
EPS Next Y9.9%
EPS Next 2Y10.43%
EPS Next 3Y11.5%
EPS Next 5Y10.72%
Revenue Next Year7.2%
Revenue Next 2Y7.44%
Revenue Next 3Y7.34%
Revenue Next 5Y5.54%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AI3A.DE Yearly Revenue VS EstimatesAI3A.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
AI3A.DE Yearly EPS VS EstimatesAI3A.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 4 6

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5

4. AI3A.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.50, AI3A is valued correctly.
  • Based on the Price/Earnings ratio, AI3A is valued a bit cheaper than 78.95% of the companies in the same industry.
  • AI3A's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.83.
  • With a Price/Forward Earnings ratio of 14.10, AI3A is valued correctly.
  • AI3A's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AI3A is cheaper than 78.95% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AI3A to the average of the S&P500 Index (24.95), we can say AI3A is valued slightly cheaper.
Industry RankSector Rank
PE 15.5
Fwd PE 14.1
AI3A.DE Price Earnings VS Forward Price EarningsAI3A.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AI3A indicates a somewhat cheap valuation: AI3A is cheaper than 66.67% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as AI3A.
Industry RankSector Rank
P/FCF 16.29
EV/EBITDA 9.71
AI3A.DE Per share dataAI3A.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • AI3A's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of AI3A may justify a higher PE ratio.
PEG (NY)1.57
PEG (5Y)N/A
EPS Next 2Y10.43%
EPS Next 3Y11.5%

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5

5. AI3A.DE Dividend Analysis

5.1 Amount

  • AI3A has a Yearly Dividend Yield of 2.24%.
  • Compared to an average industry Dividend Yield of 1.33, AI3A pays a bit more dividend than its industry peers.
  • AI3A's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.24%

5.2 History

  • The dividend of AI3A is nicely growing with an annual growth rate of 17.01%!
Dividend Growth(5Y)17.01%
Div Incr Years2
Div Non Decr Years2
AI3A.DE Yearly Dividends per shareAI3A.DE Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 46.24% of the earnings are spent on dividend by AI3A. This is a bit on the high side, but may be sustainable.
  • AI3A's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP46.24%
EPS Next 2Y10.43%
EPS Next 3Y11.5%
AI3A.DE Yearly Income VS Free CF VS DividendAI3A.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
AI3A.DE Dividend Payout.AI3A.DE Dividend Payout, showing the Payout Ratio.AI3A.DE Dividend Payout.PayoutRetained Earnings

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AI3A.DE Fundamentals: All Metrics, Ratios and Statistics

AMADEUS IT GROUP SA

FRA:AI3A (3/3/2026, 7:00:00 PM)

49.6

-2.52 (-4.83%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-27
Earnings (Next)05-06
Inst Owners66.86%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap22.34B
Revenue(TTM)N/A
Net Income(TTM)1.35B
Analysts76.55
Price Target78.54 (58.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.24%
Yearly Dividend2.06
Dividend Growth(5Y)17.01%
DP46.24%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.68%
Min EPS beat(2)0.93%
Max EPS beat(2)4.43%
EPS beat(4)3
Avg EPS beat(4)5.57%
Min EPS beat(4)-3.08%
Max EPS beat(4)20.01%
EPS beat(8)7
Avg EPS beat(8)5.42%
EPS beat(12)11
Avg EPS beat(12)5.18%
EPS beat(16)14
Avg EPS beat(16)7.21%
Revenue beat(2)1
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-1.23%
Max Revenue beat(2)0.08%
Revenue beat(4)2
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.73%
Max Revenue beat(4)0.86%
Revenue beat(8)2
Avg Revenue beat(8)-0.77%
Revenue beat(12)3
Avg Revenue beat(12)-0.72%
Revenue beat(16)5
Avg Revenue beat(16)-0.7%
PT rev (1m)-0.58%
PT rev (3m)0.59%
EPS NQ rev (1m)-5.53%
EPS NQ rev (3m)-5.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.58%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-0.27%
Valuation
Industry RankSector Rank
PE 15.5
Fwd PE 14.1
P/S 3.47
P/FCF 16.29
P/OCF 10.05
P/B 4.41
P/tB N/A
EV/EBITDA 9.71
EPS(TTM)3.2
EY6.45%
EPS(NY)3.52
Fwd EY7.09%
FCF(TTM)3.04
FCFY6.14%
OCF(TTM)4.93
OCFY9.95%
SpS14.29
BVpS11.25
TBVpS-7.11
PEG (NY)1.57
PEG (5Y)N/A
Graham Number28.47
Profitability
Industry RankSector Rank
ROA 11.65%
ROE 26.61%
ROCE 21.21%
ROIC 17.29%
ROICexc 19.45%
ROICexgc N/A
OM 28.66%
PM (TTM) 20.96%
GM 75.34%
FCFM 21.31%
ROA(3y)8.89%
ROA(5y)4.01%
ROE(3y)21.39%
ROE(5y)8.73%
ROIC(3y)13.07%
ROIC(5y)N/A
ROICexc(3y)15.46%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)16.03%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y1.68%
OM growth 3YN/A
OM growth 5Y0.19%
PM growth 3YN/A
PM growth 5Y0.41%
GM growth 3Y-2.83%
GM growth 5Y0.11%
F-Score7
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.42
Debt/EBITDA 1
Cap/Depr 121.58%
Cap/Sales 13.23%
Interest Coverage 250
Cash Conversion 87.36%
Profit Quality 101.68%
Current Ratio 0.88
Quick Ratio 0.88
Altman-Z 3.72
F-Score7
WACC7.19%
ROIC/WACC2.4
Cap/Depr(3y)94.81%
Cap/Depr(5y)82.48%
Cap/Sales(3y)12.17%
Cap/Sales(5y)15.36%
Profit Quality(3y)115.58%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.64%
EPS 3Y24.73%
EPS 5YN/A
EPS Q2Q%0.27%
EPS Next Y9.9%
EPS Next 2Y10.43%
EPS Next 3Y11.5%
EPS Next 5Y10.72%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.81%
Revenue Next Year7.2%
Revenue Next 2Y7.44%
Revenue Next 3Y7.34%
Revenue Next 5Y5.54%
EBIT growth 1Y7.86%
EBIT growth 3YN/A
EBIT growth 5Y2.17%
EBIT Next Year48.73%
EBIT Next 3Y20.46%
EBIT Next 5Y14.94%
FCF growth 1Y17.86%
FCF growth 3Y97.56%
FCF growth 5Y4.96%
OCF growth 1Y24.14%
OCF growth 3Y49.96%
OCF growth 5Y3.56%

AMADEUS IT GROUP SA / AI3A.DE FAQ

What is the fundamental rating for AI3A stock?

ChartMill assigns a fundamental rating of 6 / 10 to AI3A.DE.


What is the valuation status of AMADEUS IT GROUP SA (AI3A.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to AMADEUS IT GROUP SA (AI3A.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for AMADEUS IT GROUP SA?

AMADEUS IT GROUP SA (AI3A.DE) has a profitability rating of 8 / 10.


How financially healthy is AMADEUS IT GROUP SA?

The financial health rating of AMADEUS IT GROUP SA (AI3A.DE) is 6 / 10.


Can you provide the dividend sustainability for AI3A stock?

The dividend rating of AMADEUS IT GROUP SA (AI3A.DE) is 5 / 10 and the dividend payout ratio is 46.24%.