AMADEUS FIRE (DE:AAD)
XETRA:AAD
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AMADEUS FIRE
(XETRA:AAD)
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Rating:49Neutral
Price Target:
€24.50
▼(-35.95% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily held down by deteriorated profitability (losses) and higher leverage versus prior years, partially offset by still-positive (though declining) free cash flow. Technicals are neutral-to-weak with the stock far below longer-term moving averages, while valuation is mixed: negative P/E but a very high dividend yield.
Positive Factors
Cash generation
AMADEUS FIRE continues to generate positive operating and free cash flow despite accounting losses. Persistent cash generation funds operations, supports working capital for staffing payroll cycles, and provides a durable liquidity buffer to reinvest in training services and weather cyclical hiring slowdowns.
Negative Factors
Profitability deterioration
Net income swung negative and margins compressed (TTM net margin -1.2%), signaling structural pressure on operating profitability. Sustained losses erode retained earnings, constrain reinvestment capacity and increase reliance on cash reserves or external financing if the business mix doesn't recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
AMADEUS FIRE continues to generate positive operating and free cash flow despite accounting losses. Persistent cash generation funds operations, supports working capital for staffing payroll cycles, and provides a durable liquidity buffer to reinvest in training services and weather cyclical hiring slowdowns.
Read all positive factors
AMADEUS FIRE (AAD) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€130.10M
Dividend Yield9.71%
Average Volume (3M)13.39K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth-15.58%
EPS Growth-117.28%
CountryDE
Employees3,690
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-0.78
Shares Outstanding5,432,157
10 Day Avg. Volume12,960
30 Day Avg. Volume13,393
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)1.82
Price to Sales (P/S)0.65
P/FCF Ratio15.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€72.00Price Target Upside88.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.33
Revenue Forecast (FY)€372.55M
AMADEUS FIRE Business Overview & Revenue Model
Company Description
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. The company...
How the Company Makes Money
AMADEUS FIRE generates revenue mainly through two business segments: (1) Personnel Services and (2) Training/Education. In Personnel Services, the company earns fees from placing candidates into permanent roles (typically a placement fee paid by t...
AMADEUS FIRE Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 354.80M | 363.60M | 436.91M | 442.36M | 407.07M | 372.37M |
| Gross Profit | 180.19M | 165.74M | 236.42M | 243.38M | 216.39M | 199.63M |
| EBITDA | 41.60M | 42.98M | 83.63M | 94.67M | 91.90M | 83.14M |
| Net Income | -4.24M | -2.40M | 32.63M | 40.44M | 38.39M | 34.05M |
Balance Sheet | ||||||
| Total Assets | 363.59M | 373.88M | 330.12M | 359.05M | 336.13M | 343.89M |
| Cash, Cash Equivalents and Short-Term Investments | 2.88M | 3.70M | 2.37M | 9.89M | 5.70M | 11.59M |
| Total Debt | 148.46M | 144.10M | 88.67M | 91.47M | 79.76M | 121.36M |
| Total Liabilities | 233.51M | 242.96M | 175.14M | 207.54M | 167.71M | 203.56M |
| Stockholders Equity | 129.12M | 129.99M | 154.28M | 148.83M | 166.34M | 138.50M |
Cash Flow | ||||||
| Free Cash Flow | 12.72M | 15.27M | 45.24M | 74.42M | 76.99M | 68.43M |
| Operating Cash Flow | 24.92M | 26.75M | 52.98M | 83.14M | 83.89M | 75.92M |
| Investing Cash Flow | -40.83M | -39.89M | -7.68M | -8.67M | -6.30M | -7.38M |
| Financing Cash Flow | 8.36M | 14.46M | -52.81M | -70.28M | -83.48M | -86.95M |
AMADEUS FIRE Technical Analysis
Neutral
38.25
Price Trends
27.14
Negative
34.61
Negative
46.77
Negative
Market Momentum
-0.81
Negative
52.10
Neutral
80.70
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AAD, the sentiment is Neutral. The current price of 38.25 is above the 20-day moving average (MA) of 23.45, above the 50-day MA of 27.14, and below the 200-day MA of 46.77, indicating a neutral trend. The MACD of -0.81 indicates Negative momentum. The RSI at 52.10 is Neutral, neither overbought nor oversold. The STOCH value of 80.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:AAD.
AMADEUS FIRE Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.15B | 17.22 | 58.60% | 1.88% | 10.92% | 6.42% | |
69 Neutral | €3.87B | 20.39 | 11.74% | 1.62% | 4.04% | 4.21% | |
64 Neutral | €179.43M | 2.44 | 16.25% | 2.51% | -13.11% | 201.98% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | €173.37M | 18.24 | 6.96% | 3.99% | -3.25% | -57.36% | |
57 Neutral | €368.19M | 37.05 | 9.77% | 0.85% | 13.29% | 214.17% | |
49 Neutral | €130.10M | -38.48 | -1.75% | 9.71% | -15.58% | -117.28% |
* Industrials Sector Average
DE:AAD
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.