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 23,301 - -
Change - -18.58% 31.93% 3.11% -8.09% -14.68% - -
Enterprise Value (EV) 1 29,874 21,842 31,087 31,988 29,550 25,507 24,957 24,095
Change - -26.89% 42.33% 2.9% -7.62% -13.68% -2.16% -3.45%
P/E -186x 33.5x 28.3x 24.4x 20.9x 17.1x 15.2x 13.7x
PBR 7.17x - 6.38x 5.88x 5.58x 4.67x 4.06x 3.51x
PEG - -0x 0.5x 1.1x 2.79x 2.29x 1.2x 1.3x
Capitalization / Revenue 10x 4.87x 5.3x 4.84x 4.19x 3.41x 3.13x 2.9x
EV / Revenue 11.2x 4.87x 5.71x 5.21x 4.53x 3.74x 3.35x 3x
EV / EBITDA 47.6x 13.3x 14.8x 13.7x 11.8x 9.66x 8.58x 7.65x
EV / EBIT -360x 22.7x 22x 19.7x 16.8x 13.2x 11.5x 10.1x
EV / FCF 170x - 26x 24x 22.7x 18x 16.1x 14.5x
FCF Yield 0.59% - 3.84% 4.17% 4.41% 5.54% 6.21% 6.89%
Dividend per Share 2 - - 1.24 1.39 1.54 1.622 1.828 2.052
Rate of return - - 1.91% 2.04% 2.45% 2.92% 3.29% 3.7%
EPS 2 -0.32 1.45 2.29 2.8 3.01 3.235 3.647 4.043
Distribution rate - - 54.1% 49.6% 51.2% 50.1% 50.1% 50.8%
Net sales 1 2,670 4,486 5,441 6,142 6,517 6,826 7,449 8,029
EBITDA 1 627.6 1,640 2,094 2,328 2,507 2,640 2,909 3,149
EBIT 1 -83 962.7 1,414 1,628 1,754 1,936 2,173 2,381
Net income 1 -142.4 664.3 1,118 1,253 1,336 1,396 1,573 1,728
Net Debt 1 3,049 - 2,270 2,277 2,242 2,206 1,656 794.4
Reference price 2 59.64 48.55 64.88 68.20 62.84 55.48 55.48 55.48
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.39x3.94x13.76x2.72% 234B
14.33x1.58x8.32x3.34% 118B
-126.64x17.65x97.86x-.--% 114B
14.57x2.66x10.03x5.64% 84.9B
19.8x5.24x12.86x2.87% 59.74B
14.12x2.05x8.68x5.52% 45.47B
22.17x1.82x11.31x1.32% 44.12B
20.98x1.59x10.13x0.9% 41B
17.28x2.18x10.43x5.06% 35.36B
Average 2.33x 4.30x 20.38x 3.04% 86.31B
Weighted average by Cap. -1.93x 5.11x 24.00x 2.84%

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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