Sabre (SABR) AI Stock Analysis

• Market Cap: $711.30M
• Dividend Yield: N/A
• Average Volume (3M): 5.93M
• Price to Earnings (P/E): 1.0
• Beta (1Y): 2.35
• 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: 6.26
• Enterprise Value/Revenue: 1.56
• Enterprise Value/Gross Profit: 3.58
• Enterprise Value/Ebitda: 11.48
• 1Y Price Target: $2.04
• Price Target Upside: 2.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.06
• Revenue Forecast (FY): $2.92B

• Rating: 55 Neutral
• Price Target: $2.00 ▲(0.50% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is held back primarily by weak financial resilience (negative equity, heavy leverage, and negative TTM operating/free cash flow). Offsetting this are strong technical momentum and a generally constructive earnings outlook, though higher 2026 cash interest and expected negative 2026 free cash flow limit near-term flexibility; recent debt management is a modest positive while the rights plan adds uncertainty.

Positive Factors

Improving Profitability and Margins

Sabre’s shift to positive EBITDA and material margin expansion reflect durable operating leverage from its distribution and technology mix. Consistent adjusted EBITDA improvement implies better cost structure and pricing power, supporting sustainable cash generation potential as volumes recover.

Deleveraging and Liquidity Cushion

Large debt paydowns and a near‑$1bn cash balance materially improve short‑to‑medium term flexibility. Extended maturities from refinancings plus lower near‑term maturities reduce refinancing risk, giving management runway to invest in product initiatives and execute deleveraging without immediate liquidity pressure.

Product Leadership and Strategic Partnerships

First‑mover AI and API deployments, plus accelerating payments and partner integrations, create durable competitive advantages. These platform capabilities broaden monetization levers (payments, ancillaries, PSS modules) and deepen customer stickiness, supporting recurring revenue and future margin expansion.

Negative Factors

Stressed Balance Sheet and Negative Equity

Negative equity and elevated gross leverage constrain financial flexibility and increase refinancing risk over the medium term. Even with recent deleveraging, the capital structure limits strategic optionality, raises covenant and investor scrutiny, and amplifies sensitivity to interest rate or demand shocks.

Inconsistent Cash Generation and High Interest Burden

Volatile operating cash flows and recurring negative free cash flow across recent periods limit the firm’s ability to fund growth or accelerate deleveraging internally. Materially higher 2026 cash interest amplifies cash burn, increasing reliance on refinancing or asset optimization to stabilize the capital structure.

Slow Adoption of New Distribution Standards & AI Uncertainty

Key structural shifts (NDC, agentic AI) are still early stage for Sabre: low NDC share limits near‑term revenue uplift from next‑gen distribution, while management’s exclusion of AI upside signals uncertainty in timing and monetization. Adoption lags heighten execution and growth risk over the medium term.

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 generates revenue through multiple key streams. The primary source is transaction-based fees from its Global Distribution System (GDS), where it earns commissions from airlines and travel agencies for booking services. In addition, Sabre provides software-as-a-service (SaaS) solutions, charging subscription fees for its technology platforms in both the travel and hospitality sectors. The company also earns revenue from data analytics and consulting services. Strategic partnerships with airlines, travel agencies, and hotel chains enhance its offerings and extend its market reach, contributing significantly to its earnings.

Sabre Financial Statement Overview

Summary

Operating improvement is evident (EBIT/EBITDA turned positive and margins expanded), but the financial profile remains constrained by a stressed balance sheet (negative equity and high debt) and a return to negative operating and free cash flow in the latest TTM period.

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: Positive
• Last Price: 1.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SABR, the sentiment is Positive. The current price of 1.99 is above the 20-day moving average (MA) of 1.16, above the 50-day MA of 1.27, and above the 200-day MA of 1.98, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 74.47 is Negative, neither overbought nor oversold. The STOCH value of 98.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SABR.

Sabre Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKNG	71 Outperform	$131.57B	32.16	―	0.71%	12.96%	3.66%
TCOM	71 Outperform	$32.97B	4.41	19.95%	0.39%	17.34%	91.51%
EXPE	62 Neutral	$26.36B	27.45	91.09%	0.56%	7.29%	36.51%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SABR	55 Neutral	$711.30M	1.02	―	―	-3.61%	―
MMYT	53 Neutral	$4.83B	276.78	13.02%	―	14.55%	-68.46%
TRIP	51 Neutral	$1.14B	45.50	5.04%	―	4.24%	159.81%

Sabre Corporate Events

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.

Sabre Issues $1 Billion in Senior Secured Notes

On December 5, 2025, Sabre Financial Borrower, LLC, a subsidiary of Sabre Corporation, issued $1 billion in senior secured notes due 2029, with the proceeds lent to Sabre GLBL. The notes are guaranteed by Sabre Financing and certain foreign subsidiaries, and include covenants limiting financial activities. Additionally, Sabre GLBL announced the results of its exchange offers for senior secured notes, with a refinancing plan for its term loans to extend maturity and adjust pricing. These financial maneuvers aim to optimize Sabre’s debt structure and improve its financial flexibility.

The most recent analyst rating on (SABR) stock is a Buy with a $3.30 price target. To see the full list of analyst forecasts on Sabre stock, see the SABR Stock Forecast page.