Company Valuation: Amadeus FiRe AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,041 661 668.2 413.4 234.9 124.7 - -
Change - -36.48% 1.08% -38.13% -43.17% -46.94% - -
Enterprise Value (EV) 1 1,150 735.1 749.7 499.7 372.4 232 215.2 195.3
Change - -36.11% 2% -33.35% -25.47% -37.69% -7.24% -9.24%
P/E 29.9x 17.2x 17.3x 12.7x -98.3x 44x 14x 8.13x
PBR 7.51x 3.97x 4.69x 2.68x 1.81x 0.94x 0.89x 0.84x
PEG - 1.7x 2.83x -0.8x 1x -0x 0x 0.1x
Capitalization / Revenue 2.79x 1.62x 1.51x 0.95x 0.65x 0.35x 0.33x 0.32x
EV / Revenue 3.09x 1.81x 1.69x 1.14x 1.02x 0.65x 0.57x 0.5x
EV / EBITDA 13x 7.96x 7.81x 5.88x 8.65x 5.05x 4.13x 3.29x
EV / EBIT 18.9x 10.8x 11.6x 9.13x 36.5x 14.7x 9.01x 6x
EV / FCF 16.8x 9.55x 10.1x 11x 21.7x 8.51x 6.16x 4.99x
FCF Yield 5.95% 10.5% 9.93% 9.05% 4.61% 11.7% 16.2% 20%
Dividend per Share 2 3.04 4.5 5 4.03 - - 1.159 1.991
Rate of return 1.67% 3.89% 4.07% 5.3% - - 5.05% 8.68%
EPS 2 6.09 6.71 7.12 6.01 -0.44 0.521 1.64 2.822
Distribution rate 49.9% 67.1% 70.2% 67.1% - - 70.7% 70.6%
Net sales 1 372.4 407.1 442.4 436.9 363.6 355.3 374.9 391.7
EBITDA 1 88.78 92.4 96.06 85.04 43.06 45.99 52.11 59.45
EBIT 1 61.02 68.02 64.7 54.7 10.21 15.74 23.88 32.56
Net income 1 34.83 38.39 40.44 32.63 -2.408 4.008 10.08 16.49
Net Debt 1 109.8 74.06 81.59 86.3 137.4 107.4 90.56 70.67
Reference price 2 182.00 115.60 123.00 76.10 43.25 22.95 22.95 22.95
Nbr of stocks (in thousands) 5,718 5,718 5,432 5,432 5,432 5,432 - -
Announcement Date 3/22/22 3/21/23 3/19/24 3/26/25 3/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.61x0.64x4.96x-.--% 139M
22.18x4.55x15.23x2.64% 108B
20.06x0.35x8.72x4.24% 7.88B
12.68x0.28x7.53x4.12% 5.08B
33.55x0.74x15.44x5.55% 4.3B
83.28x3.41x12.07x-.--% 4.12B
12.78x0.31x5.01x4.94% 3.72B
18.74x0.18x7.54x2.41% 2.63B
13.33x - - 3.86% 1.49B
7.65x - - 6.46% 1.11B
Average 26.69x 1.31x 9.56x 3.42% 13.83B
Weighted average by Cap. 23.37x 3.79x 14.04x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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