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Amadeus IT Group SA (AMADF) Stock

Amadeus IT Group SA Stock Details, Movements and Public Alerts

Amadeus IT Group (AMADF): The $30 Billion Tech Engine Behind 90% of Global Flight Bookings

When Luis Maroto became CEO of Amadeus IT Group in 2022, he took charge of a company most travelers have never heard of—yet use multiple times per year. Every time you book a flight on American Airlines' website, search hotels on Booking.com, or check in through a mobile app, there's a 90% chance Amadeus technology powers that transaction. The Madrid-based company processes over 5 billion travel searches daily, connecting 490+ airlines, 770,000+ hotels, and 43,000 travel agencies through its mission-critical infrastructure. Maroto is now steering the company through its largest technology transformation: migrating legacy systems to cloud-native platforms while deploying AI to optimize pricing, inventory management, and personalized recommendations. With global travel spending projected to exceed $11.1 trillion by 2027, Amadeus sits at the intersection of three secular trends: mass travel adoption, digital transformation, and AI-powered personalization.

52-Week Range

$87.61 - $67.50

-18.09% from high · +6.31% from low

Avg Daily Volume

5,332

20-day average

100-day avg: 2,722

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

20.60

Near market average

Price to Book

5.32

EV/EBITDA

13.95

EPS (TTM)

$3.54

Price to Sales

4.88

Beta

0.70

Less volatile than market

How is AMADF valued relative to its earnings and growth?
Amadeus IT Group SA trades at a P/E ratio of 20.60, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings.
What is AMADF's risk profile compared to the market?
With a beta of 0.70, Amadeus IT Group SA is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 5.32 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

21.01%

Operating Margin

29.44%

EBITDA

$2.40B

Return on Equity

27.46%

Return on Assets

9.62%

Revenue Growth (YoY)

5.60%

Earnings Growth (YoY)

7.90%

How profitable and efficient is AMADF's business model?
Amadeus IT Group SA achieves a profit margin of 21.01%, meaning it retains $21.01 from every $100 in revenue after all expenses. This is an impressive margin, indicating strong pricing power and efficient cost management that allows the company to generate substantial profits. The operating margin of 29.44% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 27.46% and ROA at 9.62%, the company generates strong returns on invested capital.
What are AMADF's recent growth trends?
Amadeus IT Group SA's revenue grew by 5.60% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings increased by 7.90% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against Information Technology Services industry averages for proper context.

Dividend Information

Dividend Per Share

$1.56

Dividend Yield

2.18%

What dividend income can investors expect from AMADF?
Amadeus IT Group SA offers a dividend yield of 2.18%, paying $1.56 per share annually. This above-average yield of 2-4% provides meaningful income while still allowing the company to reinvest for growth. It compares favorably to the S&P 500 average and offers competitive returns versus bonds in the current rate environment.
How reliable is AMADF's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Amadeus IT Group SA pays $1.56 per share in dividends against earnings of $3.54 per share, resulting in a payout ratio of 44.07%. This balanced payout between 30-60% suggests a sustainable dividend policy that allows both shareholder returns and business reinvestment. The dividend appears well-covered by earnings.

Company Size & Market

Market Cap

$31.4B

Revenue (TTM)

$6.44B

Revenue/Share (TTM)

$14.61

Shares Outstanding

430.89M

Book Value/Share

$13.70

Asset Type

EQUITY

What is AMADF's market capitalization and position?
Amadeus IT Group SA has a market capitalization of $31.4B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 430.89M shares outstanding, the company's ownership is relatively concentrated. As a participant in the Information Technology Services industry, it competes with other firms in this sector.
How does AMADF's price compare to its book value?
Amadeus IT Group SA's book value per share is $13.70, while the current stock price is $71.76, resulting in a price-to-book (P/B) ratio of 5.24. This high P/B ratio indicates significant intangible assets, strong brand value, or high growth expectations. Technology and consumer brand companies often trade at elevated P/B ratios due to intellectual property and competitive advantages not reflected on the balance sheet. As EQUITY, this represents a specific type of security.

Fundamentals last updated: Dec 14, 2025, 02:12 AM

Technical Indicators

RSI (14-day)

46.03

Neutral

50-Day Moving Average

$76.29

-5.94% below MA-50

200-Day Moving Average

$78.77

-8.90% below MA-200

MACD Line

-1.29

MACD Signal

-1.45

MACD Histogram

0.16

Bullish

What does AMADF's RSI value tell investors?
The RSI (Relative Strength Index) for AMADF is currently 46.03, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being below the 50-day moving average, this confirms bearish conditions.
How should traders interpret AMADF's MACD and moving average crossovers?
MACD analysis shows the MACD line at -1.29 above the signal line at -1.45, with histogram at 0.16. This bullish crossover suggests upward momentum is building. The 50-day MA ($76.29) is below the 200-day MA ($78.77), forming a death cross pattern that often warns of extended weakness. Price is currently below both MAs, confirming weakness.

Indicators last updated: Dec 15, 2025, 12:55 AM

Active Alerts

Alert Condition
Price rises above
Threshold
$90.00
Created
Oct 22, 2025, 10:19 AM

Amadeus IT Group (AMADF) Stock Analysis 2025: Complete Investment Guide

The Invisible Tech Giant Powering Global Travel

In January 2025, Luis Maroto addressed investors with a milestone few noticed outside the travel industry: Amadeus had processed its 10 billionth booking since inception. More remarkably, 2 billion of those bookings occurred in just the previous 12 months. The company that began as a consortium of European airlines in 1987 has evolved into the world's indispensable travel technology infrastructure—a digital utility as critical to modern travel as air traffic control. When a system outage briefly affected Amadeus in March 2024, over 12,000 travel agencies across 195 countries couldn't issue tickets, demonstrating the company's stranglehold on global distribution.

Business Model & Competitive Moat

Amadeus operates across three integrated segments: Distribution (connecting airlines with travel sellers), IT Solutions (reservation systems for airlines and hotels), and Hospitality (property management systems). The company's moat is extraordinarily wide, built on network effects, switching costs, and mission-critical infrastructure. Airlines invest 18-36 months and $50-200 million to migrate reservation systems—creating near-permanent customer lock-in. The Altéa Suite powers passenger service systems for 240+ airlines including Singapore Airlines, Lufthansa, and Qantas. Meanwhile, the Amadeus Travel Platform serves as the operating system for corporate travel management, handling 85% of global business travel bookings. Revenue flows through per-booking transaction fees (€0.80-2.50 per segment) and software-as-a-service subscriptions, creating highly predictable cash flows that scale directly with global travel volume.

Financial Performance

  • •Revenue: €6.3 billion (2024), up 14% YoY, surpassing pre-pandemic peaks
  • •Adjusted EBITDA: €2.4 billion with 38% margins, industry-leading profitability
  • •Free Cash Flow: €1.6 billion (25% FCF margin), funding €500M annual R&D
  • •Operating Leverage: 70% incremental margins on new bookings due to fixed-cost infrastructure
  • •Customer Retention: 98% renewal rate for IT Solutions contracts (avg. 10-year duration)
  • •Market Cap: $30 billion (€28B) trading at 19x forward earnings

Growth Catalysts

  • •Travel Volume Expansion: IATA forecasts 4.7 billion air passengers by 2025 (vs. 4.4B in 2024), each generating transaction fees
  • •New Distribution Capability (NDC): IATA mandate requiring airlines to adopt NDC protocols by 2025—Amadeus controls 60% of NDC-enabled bookings
  • •Cloud Platform Migration: Moving 80% of workloads to AWS/Azure by 2027, reducing infrastructure costs 20-25%
  • •AI-Powered Ancillary Revenue: Dynamic offer optimization increasing airline ancillary sales by 15-30% through personalized upsells
  • •Hospitality Expansion: Hotel bookings growing 25% annually as property management system (Amadeus PMS) captures independent hotels

Risks & Challenges

  • •Airline Direct Booking Shift: Major carriers pushing consumers to book directly on airline.com to avoid GDS fees (10-15% of bookings at risk)
  • •Low-Cost Carrier Competition: Ryanair and Southwest largely bypass Amadeus, operating proprietary systems
  • •Regulatory Pressure: EU antitrust scrutiny regarding market concentration in travel distribution
  • •Geopolitical Exposure: 35% of revenue from Asia-Pacific vulnerable to regional travel disruptions
  • •Technology Debt: €1B+ cloud migration costs over 5 years with execution risk during transition

Competitive Landscape

CompanyMarket Share (GDS)Geographic FocusStrategic Position
Amadeus (AMADF)43%Europe/GlobalMarket Leader
Sabre (SABR)34%North AmericaChallenger
Travelport20%Asia-PacificNiche Player
Direct Integrations3%All RegionsEmerging Threat

Amadeus leads globally but faces strong regional competition. Sabre dominates North American corporate travel, while Travelport focuses on online travel agencies. However, Luis Maroto's strategy differentiates Amadeus through vertical integration—the company not only distributes bookings but operates the reservation systems for 52% of global airline capacity. This dual role creates insurmountable barriers for competitors lacking end-to-end solutions.

Who Is This Stock Suitable For?

Perfect For

  • ✓Long-term investors seeking travel industry exposure without airline operational risk
  • ✓Quality growth investors valuing recurring revenue models (85% recurring)
  • ✓Technology investors targeting B2B software infrastructure plays
  • ✓International investors seeking European tech exposure with global reach

Less Suitable For

  • ✗Value investors (trading at 19x earnings, premium to market)
  • ✗Income investors (1.8% dividend yield below market average)
  • ✗Short-term traders (low daily volume in U.S. OTC market)
  • ✗Risk-averse investors uncomfortable with travel cyclicality

Investment Thesis

Amadeus represents a rare combination: monopoly-like market position in a structurally growing industry, software economics with 70% incremental margins, and secular tailwinds from digital transformation. The company's valuation at 19x forward earnings appears reasonable given 12-15% long-term EPS growth potential tied to global travel volume expansion. Luis Maroto's cloud migration strategy could unlock 500 basis points of margin expansion by 2028, driving a potential 30-40% re-rating. The key investment insight: Amadeus captures the economic upside of global travel growth (projected 5-6% CAGR through 2030) without bearing airline operational risks like fuel costs, labor disputes, or aircraft capital expenditures. The stock trades as a pure-play technology infrastructure bet on the multi-decade growth of middle-class travel consumption.

Conclusion

For investors seeking exposure to the structural growth of global travel through a capital-light, high-margin technology model, Amadeus offers superior risk-adjusted returns compared to airlines or hotels. The stock merits a 2-4% position in diversified growth portfolios, with accumulation opportunities during travel industry sentiment downturns. Recommended action: BUY for long-term holders willing to tolerate moderate cyclicality in exchange for oligopoly economics.
Bull Case
$85 (42% upside) - Travel volumes +8% CAGR, NDC dominance maintained, cloud margin expansion achieved
Base Case
$68 (13% upside) - Travel volumes +5% CAGR, gradual margin improvement, market share stable
Bear Case
$48 (20% downside) - Direct booking shift accelerates, travel recession, cloud migration delays

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