Amadeus FiRe (XTRA:AAD) - Share price, News & Analysis

AAD fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	6/6
Financial Health	3/6
Dividends	4/6

AAD Stock Overview

Amadeus FiRe AG provides specialized personnel services in Germany.

Rewards

Trading at 49.9% below our estimate of its fair value

Earnings are forecast to grow 11.55% per year

Earnings grew by 83.2% over the past year

Risk Analysis

Unstable dividend track record

Amadeus FiRe Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Amadeus FiRe
Historical stock prices
Current Share Price	€120.80
52 Week High	€206.50
52 Week Low	€115.00
Beta	1.77
1 Month Change	-7.36%
3 Month Change	-15.99%
1 Year Change	-20.63%
3 Year Change	0.83%
5 Year Change	57.09%
Change since IPO	950.44%

Recent News & Updates

Jun 14

Does Amadeus FiRe (ETR:AAD) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 12

Amadeus FiRe (ETR:AAD) Is Increasing Its Dividend To €3.04

Amadeus FiRe AG ( ETR:AAD ) will increase its dividend on the 24th of May to €3.04. This will take the dividend yield...

Apr 28

Amadeus FiRe's (ETR:AAD) Upcoming Dividend Will Be Larger Than Last Year's

Amadeus FiRe AG ( ETR:AAD ) has announced that it will be increasing its dividend on the 24th of May to €3.04. This...

Mar 25

Amadeus FiRe's (ETR:AAD) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Amadeus FiRe AG ( ETR:AAD ) has announced that it will be increasing its dividend on the 24th of May to...

Shareholder Returns

	AAD	DE Professional Services	DE Market
7D	1.5%	-1.2%	-0.1%
1Y	-20.6%	-28.5%	-22.0%

Return vs Industry: AAD exceeded the German Professional Services industry which returned -28.5% over the past year.

Return vs Market: AAD exceeded the German Market which returned -22% over the past year.

Price Volatility

Is AAD's price volatile compared to industry and market?
AAD volatility
AAD Average Weekly Movement	5.2%
Professional Services Industry Average Movement	5.1%
Market Average Movement	5.6%
10% most volatile stocks in DE Market	10.0%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: AAD is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AAD's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	1,511	Robert Von Wulfing	https://www.amadeus-fire.de

Amadeus FiRe AG provides specialized personnel services in Germany. The company operates in two segments, Personnel Services and Training. It offers personnel services for professionals and executives in the fields of commerce, and IT.

Amadeus FiRe Fundamentals Summary

How do Amadeus FiRe's earnings and revenue compare to its market cap?
AAD fundamental statistics
Market Cap	€690.74m
Earnings (TTM)	€37.88m
Revenue (TTM)	€387.54m

18.2x

P/E Ratio

1.8x

P/S Ratio

Is AAD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AAD income statement (TTM)
Revenue	€387.54m
Cost of Revenue	€178.55m
Gross Profit	€208.99m
Other Expenses	€171.11m
Earnings	€37.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 26, 2022

Earnings per share (EPS)	6.62
Gross Margin	53.93%
Net Profit Margin	9.77%
Debt/Equity Ratio	32.8%

How did AAD perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

46%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is AAD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AAD?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AAD. This is calculated by dividing AAD's market cap by their current preferred multiple.
What is AAD's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€690.74m

AAD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	10.8x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does AAD's PE Ratio compare to its peers?

AAD PE Ratio vs Peers

The above table shows the PE ratio for AAD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	17.2x

Forward PE

Price-To-Earnings vs Peers: AAD is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does AAD's PE Ratio compare vs other companies in the Professional Services Industry?

Price-To-Earnings vs Industry: AAD is good value based on its Price-To-Earnings Ratio (18.2x) compared to the European Professional Services industry average (19.1x)

Price to Earnings Ratio vs Fair Ratio

What is AAD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AAD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.2x
Fair PE Ratio	21.6x

Price-To-Earnings vs Fair Ratio: AAD is good value based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

Share Price vs Fair Value

What is the Fair Price of AAD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AAD (€120.8) is trading below our estimate of fair value (€241.12)

Significantly Below Fair Value: AAD is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: AAD is poor value based on its PEG Ratio (1.6x)

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Future Growth

How is Amadeus FiRe forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAD's forecast earnings growth (11.6% per year) is above the savings rate (-0.05%).

Earnings vs Market: AAD's earnings (11.6% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: AAD's earnings are forecast to grow, but not significantly.

Revenue vs Market: AAD's revenue (6.8% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: AAD's revenue (6.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AAD's Return on Equity is forecast to be high in 3 years time (25.3%)

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Past Performance

How has Amadeus FiRe performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

8.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AAD has high quality earnings.

Growing Profit Margin: AAD's current net profit margins (9.8%) are higher than last year (7.1%).

Past Earnings Growth Analysis

Earnings Trend: AAD's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: AAD's earnings growth over the past year (83.2%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: AAD earnings growth over the past year (83.2%) exceeded the Professional Services industry 44.6%.

Return on Equity

High ROE: AAD's Return on Equity (26.7%) is considered high.

Discover strong past performing companies

Financial Health

How is Amadeus FiRe's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: AAD's short term assets (€74.7M) do not cover its short term liabilities (€93.8M).

Long Term Liabilities: AAD's short term assets (€74.7M) do not cover its long term liabilities (€105.3M).

Debt to Equity History and Analysis

Debt Level: AAD's net debt to equity ratio (24.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if AAD's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AAD's debt is well covered by operating cash flow (145.2%).

Interest Coverage: AAD's interest payments on its debt are well covered by EBIT (28.5x coverage).

Balance Sheet

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Dividend

What is Amadeus FiRe current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AAD's dividend (2.52%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: AAD's dividend (2.52%) is low compared to the top 25% of dividend payers in the German market (4.53%).

Stability and Growth of Payments

Stable Dividend: AAD's dividend payments have been volatile in the past 10 years.

Growing Dividend: AAD's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.9%), AAD's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.7%), AAD's dividend payments are well covered by cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure

CEO

Robert Von Wulfing (49 yo)

9.58yrs

Tenure

€2,496,000

Compensation

Mr. Robert Von Wulfing has been Chairman of the Management Board at Amadeus FiRe AG since November 3, 2020. Mr. Wulfing serves as Chief Executive Officer of Amadeus FiRe AG since November 3, 2020 and serve...

CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD2.63M) is above average for companies of similar size in the German market ($USD1.33M).

Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: AAD's management team is considered experienced (3.4 years average tenure).

Board Members

Experienced Board: AAD's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31