Added to YB: 2026-07-30
Pitch date: 2026-07-27
AMS.MC [neutral]
Amadeus IT Group, S.A.
+4.06%
current return
Author Info
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Company Info
Amadeus IT Group, S.A., together with its subsidiaries, operates as a transaction processor for the travel and tourism industry in Europe, Central and South America, the Middle East, Africa, and Asia Pacific.
Market Cap
EUR 22.9B
Pitch Price
EUR 51.74
Price Target
N/A
Dividend
2.90%
EV/EBITDA
10.17
P/E
17.39
EV/Sales
3.89
Sector
Hotels, Restaurants and Leisure
Category
N/A
Amadeus IT: Is the travel infrastructure moat crumbling?
AMS.MC (overview): Travel infrastructure toll-taker; 2025 rev €6.5B (+6.1%), adj profit €1.42B, R&D €1.45B (22% rev). Transaction-based pricing tied to volumes not ticket prices = resilient. Air IT 70.9% margin, >50% share; Distribution ~40-43% GDS share. Bear risk: AI/direct-booking disintermediation, though author skeptical. Hospitality (+10.9%) adds optionality. Quality biz, priced for it.
Read full article (6 min)