Sabre (SABR) AI Stock Analysis

• Market Cap: $521.62M
• Dividend Yield: N/A
• Average Volume (3M): 5.93M
• Price to Earnings (P/E): 1.0
• Beta (1Y): 2.16
• Revenue Growth: -3.61%
• EPS Growth: N/A
• Country: US
• Employees: 6,253
• Sector: Technology
• Sector Strength: 88
• Industry: Travel Services
• EPS (TTM): -0.01
• Shares Outstanding: 395,165,040
• 10 Day Avg. Volume: 7,461,945
• 30 Day Avg. Volume: 5,934,532
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.51
• Price to Sales (P/S): 0.19
• P/FCF Ratio: -2.50
• Enterprise Value/Market Cap: 8.02
• Enterprise Value/Revenue: 1.47
• Enterprise Value/Gross Profit: 3.37
• Enterprise Value/Ebitda: 10.79
• 1Y Price Target: $1.91
• Price Target Upside: 44.70% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): -0.02
• Revenue Forecast (FY): $2.92B

• Rating: 52 Neutral
• Price Target: $1.50 ▲(13.64% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held back primarily by weak financial resilience (negative equity, heavy leverage, and negative TTM operating/free cash flow). Momentum is strong but technically overbought, while earnings-call guidance and recent corporate actions support a gradual operational improvement despite higher interest burden and near-term free-cash-flow pressure.

Positive Factors

Product & AI Leadership

Sabre’s Agentic APIs and MCP server demonstrate durable product differentiation and early AI deployment at scale. First-mover tech and accompanying partnerships raise switching costs for airlines/agencies, support multi-year adoption, and can sustainably increase wallet share and higher-margin SaaS revenue.

Debt Maturity Extension

Extending maturities and completing note exchanges materially reduces near-term refinancing cliffs, giving management runway to execute product investments and deleveraging. This structural relief lowers immediate refinancing risk and enables multi-year capital allocation to durable growth initiatives.

Distribution & Payments Momentum

Growth in hotel bookings and payments diversifies revenue away from core air GDS segments into higher-growth, higher-frequency channels. Strong payments spend growth is a recurring revenue source that enhances margins and reduces reliance on any single travel segment over the medium term.

Negative Factors

Stressed Balance Sheet

Negative equity and elevated gross debt signal structural leverage that constrains fiscal flexibility. This persistent capital structure weakness increases sensitivity to operating setbacks, limits strategic M&A or buyback optionality, and raises the stakes on consistent cash generation for long-term solvency.

High Interest Burden

A structurally higher cash interest profile materially reduces free cash flow available for investment and debt paydown. Sustained ~11% pricing and a roughly $470M interest load crowd out discretionary spending and slow net-deleveraging, increasing default and refinancing sensitivity across cycles.

Free Cash Flow Pressure

Expectations of negative 2026 FCF, coupled with recent TTM negative operating cash flow, weaken the company's ability to self-fund growth or rapid deleveraging. Persistent negative FCF elevates reliance on external financing and increases vulnerability to higher rates or capital-market disruptions.

Sabre Business Overview & Revenue Model

Company Description

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments. This segment also provides a portfolio of software technology products and solutions through software-as-a-service (SaaS) and hosted delivery models to airlines and other travel suppliers. Its products include reservation systems for carriers, commercial and operations products, agency solutions, and data-driven intelligence solutions. The Hospitality Solutions segment provides software and solutions to hoteliers through SaaS and hosted delivery models. Sabre Corporation was incorporated in 2006 and is headquartered in Southlake, Texas.

How the Company Makes Money

Sabre primarily makes money through (1) travel distribution fees and (2) technology solutions sold to travel suppliers. 1) Travel marketplace / distribution (GDS) revenue: Sabre operates a global distribution system that enables travel agencies and other travel retailers to shop, price, book, and service travel content (air, hotel, car, and other products). Revenue is generated mainly from fees tied to transactions/segments booked through the Sabre system. These economics typically involve: - Supplier-paid booking fees or incentives: travel suppliers (most notably airlines, but also hotels and car rental companies) pay Sabre when their inventory is booked via Sabre-connected travel sellers. - Travel-buyer arrangements: Sabre may also earn revenue via contractual fees, incentives, or productivity/participation-based arrangements with travel agencies/OTAs/corporate booking tools for access, workflow tools, and distribution services. The volume of travel bookings and mix of content distributed are key drivers of this stream. 2) Technology solutions revenue: Sabre sells and supports software platforms for travel suppliers, most prominently airlines. This includes passenger service system (PSS) functionality (such as reservations, inventory, and departure control) and related operational/commerce solutions (e.g., retailing, offers/ancillaries, loyalty, network/operations-related tools, and other modules). Revenue is generally earned through long-term customer contracts that can include: - Subscription, hosting, and SaaS-style fees for access to platforms - Transaction-based fees tied to passenger boardings, bookings, or system usage (structure varies by product and contract) - Professional services and implementation fees for deployments, integrations, and ongoing support Significant factors influencing earnings include overall travel demand (which affects booking volumes), contract terms and renewal/win rates with airlines and travel agencies, the breadth/quality of travel content available in Sabre’s marketplace, and the adoption of Sabre’s airline technology platforms and modules. Specific named partnerships or contract details not provided here are null.

Sabre Financial Statement Overview

Summary

Operating performance is improving (EBIT/EBITDA positive and margins higher), but the balance sheet is highly stressed with negative equity and heavy debt, and the latest TTM shows negative operating and free cash flow—limiting flexibility and raising refinancing/interest risk.

Income Statement

Profitability has improved materially versus 2020–2023, with EBIT and EBITDA turning positive and expanding, and gross margin rising to ~37% in 2025 TTM (Trailing-Twelve-Months) from ~30% in 2024. Revenue, however, softened in 2025 TTM (Trailing-Twelve-Months) (down ~4%), and net margin remains negative in the latest period despite the reported net income swing, indicating earnings quality/consistency is still a key weakness.

Balance Sheet

The balance sheet remains stressed, highlighted by persistently negative shareholder equity (2025 TTM (Trailing-Twelve-Months): about -$0.85B) alongside a heavy debt load (~$4.35B). Total assets are roughly flat while leverage remains elevated, leaving limited financial flexibility and higher refinancing/interest-rate risk even as operating performance improves.

Cash Flow

Cash generation is inconsistent: 2025 TTM (Trailing-Twelve-Months) shows negative operating cash flow (about -$128M) and negative free cash flow (about -$187M), reversing the modestly positive operating cash flow seen in 2023–2024. Free cash flow has generally been negative across the period, which limits deleveraging capacity and raises reliance on external funding if the downtrend persists.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.77B	3.03B	2.91B	2.54B	1.69B
Gross Profit	1.56B	908.83M	681.54M	400.10M	-55.41M
EBITDA	456.80M	358.67M	103.03M	56.43M	-418.38M
Net Income	524.62M	-278.76M	-527.61M	-435.45M	-928.47M
Balance Sheet
Total Assets	4.50B	4.63B	4.67B	4.96B	5.29B
Cash, Cash Equivalents and Short-Term Investments	791.55M	725.03M	700.18M	849.19M	978.35M
Total Debt	4.45B	5.12B	4.89B	4.81B	4.83B
Total Liabilities	5.53B	6.23B	6.03B	5.84B	5.79B
Stockholders Equity	-1.05B	-1.62B	-1.39B	-884.33M	-508.91M
Cash Flow
Free Cash Flow	-213.41M	-13.55M	-31.18M	-345.95M	-472.45M
Operating Cash Flow	-130.52M	70.59M	56.24M	-276.46M	-418.15M
Investing Cash Flow	976.42M	-29.61M	-110.41M	170.72M	-29.43M
Financing Cash Flow	-685.75M	39.57M	-94.22M	-75.37M	-50.56M

Sabre Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.32
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SABR, the sentiment is Negative. The current price of 1.32 is below the 20-day moving average (MA) of 1.45, above the 50-day MA of 1.31, and below the 200-day MA of 1.92, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 45.48 is Neutral, neither overbought nor oversold. The STOCH value of 9.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SABR.

Sabre Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCOM	71 Outperform	$34.13B	4.41	20.98%	0.39%	17.34%	91.51%
BKNG	69 Neutral	$136.96B	30.43	-93.64%	0.71%	12.96%	3.66%
EXPE	62 Neutral	$28.82B	27.45	114.29%	0.56%	7.29%	36.51%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MMYT	53 Neutral	$3.77B	276.78	31.18%	―	14.55%	-68.46%
SABR	52 Neutral	$521.62M	1.02	-38.78%	―	-3.61%	―
TRIP	51 Neutral	$1.07B	45.50	6.10%	―	4.24%	159.81%

Sabre Corporate Events

Sabre Forms Strategic Governance Partnership With Constellation Software

On March 5, 2026, Sabre Corporation entered into a strategic governance agreement with Constellation Software and its affiliate, under which Sabre will add Constellation executive Damian McKay to its board as an independent director representing Constellation and appoint him to the board’s Technology Committee. In return, Constellation, which owns about 12.7% of Sabre, agreed to customary standstill, voting and non‑disparagement provisions, withdrew a prior director nomination notice, and will be restricted from increasing its stake above 15% for a specified period.

As part of the deal, Sabre moved to terminate its recently adopted shareholder rights plan, accelerating the expiration of the rights agreement to March 6, 2026 and planning to eliminate the associated preferred share designation. The arrangement signals a constructive, long‑term partnership with a major minority investor, potentially easing governance tensions while bringing Constellation’s vertical software expertise into Sabre’s boardroom as the travel technology group pursues growth and innovation in a buoyant global travel market.

The most recent analyst rating on (SABR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Sabre stock, see the SABR Stock Forecast page.

Sabre Completes Redemption of 2027 Senior Secured Notes

On December 23, 2025, Sabre GLBL Inc. notified Computershare Trust Company, N.A., acting as trustee and collateral agent, of its intention to redeem all $91.6 million of its 8.625% Senior Secured Notes due 2027 on March 1, 2026. The planned redemption signaled a proactive step in managing its debt profile by retiring a high-coupon instrument ahead of maturity.

On March 1, 2026, Sabre GLBL completed the redemption of the notes at 102.156% of principal, plus accrued and unpaid interest, in line with the governing indenture. The transaction reduces interest expense and may improve the company’s financial flexibility, potentially strengthening its balance sheet and positioning in the credit markets for future financing needs.

The most recent analyst rating on (SABR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Sabre stock, see the SABR Stock Forecast page.

Sabre Adopts One-Year Shareholder Rights Plan Amid Stake Build

On March 1, 2026, Sabre’s board adopted a one‑year, limited‑duration shareholder rights plan and declared a dividend of one preferred share purchase right for each common share outstanding as of March 11, 2026. The plan, which expires on February 28, 2027, is designed to be triggered if any investor acquires 15% or more of Sabre’s common stock, or 20% for certain passive holders, at which point other shareholders could buy shares at a steep discount or receive shares via exchange.

The move came after Constellation Software quietly built a 9.7% economic stake in Sabre between April and November 2025, sought board representation, then abruptly halted governance talks in late February 2026 amid unusually high trading volumes in Sabre’s stock. While the board says the rights plan is not a response to a formal takeover bid and does not preclude value‑enhancing offers, it is intended to prevent any party from gaining control through market accumulation without paying an appropriate premium and to give directors more time and leverage in any future control contest.

The most recent analyst rating on (SABR) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Sabre stock, see the SABR Stock Forecast page.

Sabre Extends Debt Maturities With Note Exchange Offer

On December 22, 2025, Sabre announced the expiration and final results of its previously launched exchange offers by subsidiary Sabre GLBL Inc., which swapped portions of its 8.625% and 11.250% Senior Secured Notes due 2027 and up to $379 million of its 10.750% Senior Secured Notes due 2029 into new 10.750% Senior Secured Notes due 2030, with a total of about $961 million in existing notes tendered and approximately $663 million accepted for exchange. In connection with the final settlement on December 23, 2025, Sabre GLBL issued an additional $1.43 million of the new 2030 notes and moved to redeem all remaining 8.625% and 11.250% Senior Secured Notes due 2027—$91.6 million and $1.6 million respectively—with redemptions scheduled for January 22, 2026 and March 1, 2026, steps that collectively extend the company’s debt maturities and simplify its capital structure for creditors and other stakeholders.

The most recent analyst rating on (SABR) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Sabre stock, see the SABR Stock Forecast page.