AMADEUS IT GROUP SA (AI3A.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:AI3A • ES0109067019

57.36 EUR
+1.56 (+2.8%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to AI3A. AI3A was compared to 59 industry peers in the Hotels, Restaurants & Leisure industry. AI3A has an excellent profitability rating, but there are some minor concerns on its financial health. AI3A has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • AI3A had positive earnings in the past year.
  • In the past year AI3A had a positive cash flow from operations.
  • In multiple years AI3A reported negative net income over the last 5 years.
  • Each year in the past 5 years AI3A 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 Return On Assets of 11.65%. This is amongst the best in the industry. AI3A outperforms 86.44% of its industry peers.
  • Looking at the Return On Equity, with a value of 26.61%, AI3A belongs to the top of the industry, outperforming 81.36% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 17.29%, AI3A belongs to the top of the industry, outperforming 81.36% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AI3A is in line with the industry average of 13.35%.
  • 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

  • With an excellent Profit Margin value of 20.96%, AI3A belongs to the best of the industry, outperforming 91.53% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AI3A has remained more or less at the same level.
  • The Operating Margin of AI3A (28.66%) is better than 91.53% of its industry peers.
  • In the last couple of years the Operating Margin of AI3A has remained more or less at the same level.
  • AI3A's Gross Margin of 75.34% is amongst the best of the industry. AI3A outperforms 81.36% of its industry peers.
  • AI3A's Gross Margin has been stable in the last couple of years.
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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5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so AI3A is creating value.
  • The number of shares outstanding for AI3A has been reduced compared to 1 year ago.
  • AI3A has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AI3A has an improved debt to assets ratio.
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

  • AI3A has an Altman-Z score of 3.97. This indicates that AI3A is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of AI3A (3.97) is better than 79.66% 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.
  • With a decent Debt to FCF ratio value of 2.42, AI3A is doing good in the industry, outperforming 76.27% of the companies in the same industry.
  • A Debt/Equity ratio of 0.50 indicates that AI3A is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.50, AI3A is in the better half of the industry, outperforming 74.58% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.42
Altman-Z 3.97
ROIC/WACC2.37
WACC7.28%
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

  • A Current Ratio of 0.88 indicates that AI3A may have some problems paying its short term obligations.
  • AI3A has a Current ratio (0.88) which is in line with 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.
  • With a Quick ratio value of 0.88, AI3A perfoms like the industry average, outperforming 54.24% of the companies in the same industry.
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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5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 10.34% over the past year.
  • The Earnings Per Share has been growing slightly by 0.73% on average over the past years.
  • The Revenue has grown by 8.08% in the past year. This is quite good.
  • Measured over the past years, AI3A shows a small growth in Revenue. The Revenue has been growing by 1.97% on average per year.
EPS 1Y (TTM)10.34%
EPS 3YN/A
EPS 5Y0.73%
EPS Q2Q%6.33%
Revenue 1Y (TTM)8.08%
Revenue growth 3Y32.01%
Revenue growth 5Y1.97%
Sales Q2Q%5.64%

3.2 Future

  • Based on estimates for the next years, AI3A will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.51% on average per year.
  • Based on estimates for the next years, AI3A will show a small growth in Revenue. The Revenue will grow by 6.31% on average per year.
EPS Next Y3.29%
EPS Next 2Y7.23%
EPS Next 3Y8.47%
EPS Next 5Y10.51%
Revenue Next Year7.11%
Revenue Next 2Y7.38%
Revenue Next 3Y7.37%
Revenue Next 5Y6.31%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last 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 10B
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.92, which indicates a rather expensive current valuation of AI3A.
  • Compared to the rest of the industry, the Price/Earnings ratio of AI3A indicates a somewhat cheap valuation: AI3A is cheaper than 79.66% of the companies listed in the same industry.
  • AI3A's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.41.
  • The Price/Forward Earnings ratio is 16.30, which indicates a correct valuation of AI3A.
  • Based on the Price/Forward Earnings ratio, AI3A is valued a bit cheaper than 74.58% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, AI3A is valued a bit cheaper.
Industry RankSector Rank
PE 17.92
Fwd PE 16.3
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

  • 67.80% of the companies in the same industry are more expensive than AI3A, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AI3A is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 18.84
EV/EBITDA 10.8
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AI3A has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.46
PEG (5Y)24.39
EPS Next 2Y7.23%
EPS Next 3Y8.47%

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4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.06%, AI3A has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.34, AI3A pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, AI3A has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.06%

5.2 History

  • On average, the dividend of AI3A grows each year by 17.01%, which is quite nice.
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 2Y7.23%
EPS Next 3Y8.47%
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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AMADEUS IT GROUP SA

FRA:AI3A (2/2/2026, 7:00:00 PM)

57.36

+1.56 (+2.8%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-07
Earnings (Next)02-27
Inst Owners66.86%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap25.84B
Revenue(TTM)6.44B
Net Income(TTM)1.35B
Analysts74.29
Price Target79 (37.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.06%
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)1%
PT rev (3m)0.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.34%
EPS NY rev (1m)0.13%
EPS NY rev (3m)-1.08%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.06%
Valuation
Industry RankSector Rank
PE 17.92
Fwd PE 16.3
P/S 4.01
P/FCF 18.84
P/OCF 11.62
P/B 5.1
P/tB N/A
EV/EBITDA 10.8
EPS(TTM)3.2
EY5.58%
EPS(NY)3.52
Fwd EY6.13%
FCF(TTM)3.04
FCFY5.31%
OCF(TTM)4.93
OCFY8.6%
SpS14.29
BVpS11.25
TBVpS-7.11
PEG (NY)5.46
PEG (5Y)24.39
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 3.97
F-Score7
WACC7.28%
ROIC/WACC2.37
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)10.34%
EPS 3YN/A
EPS 5Y0.73%
EPS Q2Q%6.33%
EPS Next Y3.29%
EPS Next 2Y7.23%
EPS Next 3Y8.47%
EPS Next 5Y10.51%
Revenue 1Y (TTM)8.08%
Revenue growth 3Y32.01%
Revenue growth 5Y1.97%
Sales Q2Q%5.64%
Revenue Next Year7.11%
Revenue Next 2Y7.38%
Revenue Next 3Y7.37%
Revenue Next 5Y6.31%
EBIT growth 1Y7.86%
EBIT growth 3YN/A
EBIT growth 5Y2.17%
EBIT Next Year48.85%
EBIT Next 3Y20.84%
EBIT Next 5Y15.37%
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 4 / 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 5 / 10.


Can you provide the dividend sustainability for AI3A stock?

The dividend rating of AMADEUS IT GROUP SA (AI3A.DE) is 4 / 10 and the dividend payout ratio is 46.24%.