Amadeus IT Group AMS.MC
Amadeus IT Group is a Spanish technology company that provides software and distribution solutions for the travel industry, including reservation systems for airlines, agencies, and hotels. Amadeus trades at a P/E of 17.51 with an ROIC of 22.73% and a free cash flow conversion of 117.44%, reflecting a high-quality business at a reasonable price. However, revenue growth is weak (1.50%) and earnings growth is negative (-2.60%), weighed down by soft air traffic and geopolitical uncertainty.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Amadeus IT Group is a Spanish technology company that provides software and distribution solutions for the travel industry, including reservation systems for airlines, agencies, and hotels. Amadeus trades at a P/E of 17.51 with an ROIC of 22.73% and a free cash flow conversion of 117.44%, reflecting a high-quality business at a reasonable price. However, revenue growth is weak (1.50%) and earnings growth is negative (-2.60%), weighed down by soft air traffic and geopolitical uncertainty.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.2 |
| Quality / Moat | 8.1 |
| Valuation | 8.1 |
| Growth | 4.0 |
| Dividend | 7.5 |
| Momentum | 4.3 |
| Risk & Context | 6.7 |
OVERALL SCORE: 6.6/10
Context and risks
Amadeus has significant exposure to the travel industry, which has been affected by geopolitical tensions in the Middle East (closure of the Strait of Hormuz). However, its reservation software business is less sensitive to oil prices than airlines, and the company has shown resilience in its H1 2026 results. The main risk is a slowdown in global air traffic if the conflict intensifies, but it is not an existential risk.
News considered in the analysis
- AI Can’t Ground This Airline Software Stock. Clearing the Runway for 40% Upside. — Artículo de Barrons con tesis alcista basada en la resiliencia del negocio frente a la disrupción de la IA; aporta una perspectiva positiva pero no es un hecho material confirmado.
- Amadeus IT Group SA (AMADF) (H1 2026) Earnings Call Highlights: Resilient Growth Amid Middle ... — La llamada de resultados del H1 2026 destaca un crecimiento resiliente a pesar de la tensión en Oriente Medio; la información ya está parcialmente en el precio tras la publicación.
- AMADY vs. AMPL: Which Stock Is the Better Value Option? — Comparativa genérica de valoración sin información nueva sobre la empresa.
- CPAY Stock Rises 15% in 3 Months: Here's What You Should Know — Noticia sobre un competidor (Corpay) sin impacto directo en Amadeus.
- Enpro (NPO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release — Noticia sobre una empresa no relacionada; irrelevante para Amadeus.
Verdict: Hold. The quality of the business and attractive valuation provide support, but the lack of growth and geopolitical risks limit upside potential in the near term.
Main risk: The main risk is the dependence on the travel industry, which remains vulnerable to an escalation of the Middle East conflict and a potential economic recession that reduces travel spending.
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