Amadeus IT Group SA

Amadeus IT Group SA has a debt-to-equity ratio of 0.91, indicating a moderate level of leverage, and a current ratio of 1.14, suggesting limited short-term liquidity cushion. The company's free cash flow is negative at -236 million EUR, and capital expenditures are -158.6 million EUR, indicating ongoing investment in operations. Despite a cash and equivalents balance of 1.52 billion EUR, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

In terms of profitability, Amadeus reports a return on equity (ROE) of 6.95% and a return on assets (ROA) of 2.71%, both below the industry median for IT Services & Consulting. The operating margin is 28.2%, and the net profit margin is 20.97%, which are in line with the sector but not exceptional. The company's operating income of 422.1 million EUR and net income of 314 million EUR reflect a solid but not outstanding performance.

Amadeus operates in a single business segment, with no disclosed geographic revenue breakdown. The company's revenue concentration is not specified, but the lack of segmental or geographic diversification may pose a risk in volatile markets. The company's exposure to the travel industry, particularly hotels, restaurants, and leisure, makes it sensitive to macroeconomic and geopolitical shifts.

Looking ahead, Amadeus is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the current or next fiscal year. The company's operating cash flow of 495 million EUR supports its capital structure, but the negative free cash flow suggests reinvestment in the business. The company's capital expenditures are consistent with maintaining and expanding its IT infrastructure.

The risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after debt highlights the need for careful liquidity management. The company has not disclosed any imminent dilution events, and the dilution potential remains low. The absence of recent filings or transcripts does not suggest any material near-term risks.

Analyst estimates show a mean price target of 67.79 EUR and a median of 66.00 EUR, with a mean recommendation of 2.12 (leaning toward buy). The strong-buy count is 3, and the buy count is 18, indicating a generally positive outlook from the analyst community.

Revenue €1.62B, +5,2% YoY; Operating income +8,3% YoY.

• ▍Revenue €1.62B, +5,2% YoY
• ▍Operating income +8,3% YoY
• ▍Net income −5,1% YoY
• ▍Free cash flow −10,7% YoY
• ▍Net margin 15.3%

Revenue €1.64B, +5,6% YoY; Operating income +8,5% YoY.

• ▍Revenue €1.64B, +5,6% YoY
• ▍Operating income +8,5% YoY
• ▍Net income +5,5% YoY
• ▍Free cash flow +76,9% YoY
• ▍Net margin 22.1%

Revenue €1.63B, +4,6% YoY; Operating income +6,8% YoY.

• ▍Revenue €1.63B, +4,6% YoY
• ▍Operating income +6,8% YoY
• ▍Net income +11,4% YoY
• ▍Net margin 22.9%

Revenue €1.63B, +9,1% YoY; Operating income +9,4% YoY.

• ▍Revenue €1.63B, +9,1% YoY
• ▍Operating income +9,4% YoY
• ▍Net income +13,2% YoY
• ▍Net margin 21.8%

Revenue €1.54B; Operating income €312.8M.

• ▍Revenue €1.54B
• ▍Operating income €312.8M
• ▍Net margin 16.9%

Revenue €1.55B; Operating income €443.7M.

• ▍Revenue €1.55B
• ▍Operating income €443.7M
• ▍Net margin 22.1%

Revenue €1.56B; Operating income €446.0M.

• ▍Revenue €1.56B
• ▍Operating income €446.0M
• ▍Net margin 21.5%

Revenue €1.50B; Operating income €422.1M.

• ▍Revenue €1.50B
• ▍Operating income €422.1M
• ▍Net margin 21.0%

Revenue €6.52B, +6,1% YoY; Operating income +8,0% YoY.

• ▍Revenue €6.52B, +6,1% YoY
• ▍Operating income +8,0% YoY
• ▍Net income +6,6% YoY
• ▍Free cash flow +1,8% YoY
• ▍Net margin 20.5%

Revenue €6.14B, +12,9% YoY; Operating income +15,1% YoY.

• ▍Revenue €6.14B, +12,9% YoY
• ▍Operating income +15,1% YoY
• ▍Net income +12,1% YoY
• ▍Free cash flow −50,7% YoY
• ▍Net margin 20.4%

Revenue €5.44B, +21,3% YoY; Operating income +46,9% YoY.

• ▍Revenue €5.44B, +21,3% YoY
• ▍Operating income +46,9% YoY
• ▍Net income +68,1% YoY
• ▍Free cash flow +56,3% YoY
• ▍Net margin 20.5%

Revenue €4.49B, +68,0% YoY; Operating income +1 259,9% YoY.

• ▍Revenue €4.49B, +68,0% YoY
• ▍Operating income +1 259,9% YoY
• ▍Net income +566,8% YoY
• ▍Free cash flow +1 434,8% YoY
• ▍Net margin 14.8%