Company Valuation: Amadeus IT Group, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,825 21,842 28,816 29,712 27,309 24,418 - -
Change - -18.58% 31.93% 3.11% -8.09% -10.59% - -
Enterprise Value (EV) 1 29,874 21,842 31,087 31,988 29,550 26,527 26,050 25,171
Change - -26.89% 42.33% 2.9% -7.62% -10.23% -1.8% -3.37%
P/E -186x 33.5x 28.3x 24.4x 20.9x 17.9x 15.9x 14.4x
PBR 7.17x - 6.38x 5.88x 5.58x 4.9x 4.25x 3.68x
PEG - -0x 0.5x 1.1x 2.79x 2.27x 1.3x 1.4x
Capitalization / Revenue 10x 4.87x 5.3x 4.84x 4.19x 3.58x 3.28x 3.06x
EV / Revenue 11.2x 4.87x 5.71x 5.21x 4.53x 3.89x 3.5x 3.15x
EV / EBITDA 47.6x 13.3x 14.8x 13.7x 11.8x 10x 8.95x 7.99x
EV / EBIT -360x 22.7x 22x 19.7x 16.8x 13.7x 12x 10.6x
EV / FCF 170x - 26x 24x 22.7x 18.5x 16.7x 15x
FCF Yield 0.59% - 3.84% 4.17% 4.41% 5.41% 5.99% 6.66%
Dividend per Share 2 - - 1.24 1.39 1.54 1.625 1.822 2.034
Rate of return - - 1.91% 2.04% 2.45% 2.8% 3.13% 3.5%
EPS 2 -0.32 1.45 2.29 2.8 3.01 3.247 3.659 4.037
Distribution rate - - 54.1% 49.6% 51.2% 50.1% 49.8% 50.4%
Net sales 1 2,670 4,486 5,441 6,142 6,517 6,823 7,436 7,989
EBITDA 1 627.6 1,640 2,094 2,328 2,507 2,642 2,910 3,150
EBIT 1 -83 962.7 1,414 1,628 1,754 1,939 2,173 2,378
Net income 1 -142.4 664.3 1,118 1,253 1,336 1,399 1,577 1,731
Net Debt 1 3,049 - 2,270 2,277 2,242 2,109 1,632 753.5
Reference price 2 59.64 48.55 64.88 68.20 62.84 58.14 58.14 58.14
Nbr of stocks (in thousands) 449,787 449,884 444,145 435,658 434,575 419,987 - -
Announcement Date 2/25/22 2/24/23 2/28/24 2/28/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.9x3.89x10.04x2.8% 28.34B
23.13x3.77x13.16x2.87% 222B
14.09x1.55x8.16x3.41% 116B
-114.74x18.24x105.52x-.--% 114B
15.17x2.77x10.47x5.42% 88.66B
20.92x5.47x13.43x2.72% 63.28B
14.99x2.19x9.28x5.2% 48.47B
22.03x1.81x11.13x1.37% 42.34B
21.31x1.62x10.27x0.87% 40.69B
18.17x2.3x11.01x4.81% 37.26B
Average 5.30x 4.36x 20.25x 2.95% 80.07B
Weighted average by Cap. 0.13x 5.15x 24.57x 2.86%

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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