Amadeus Fire AG (AAD) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Amadeus Fire AG stock €16.41, price €17.94, that is 8.5% below the price, quality 44 out of 100. Rating: fairly valued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €14.94 – €174.37 · fair‑value band €16.41 – €21.85 · the €17.94 price screens above the €16.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Amadeus FiRe AG provides personnel and training services in Germany. It offers specialized personnel services, such as specialist temporary staffing, permanent placement, interim and project management for professional and management staff in commercial professions and IT fields.
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The company also provides training and retraining options with a focus on commercial and IT sectors; and training for business clients through open or in-house seminars.
In addition, it offers courses and degree programs for private individuals, including professional training in the fields of tax, accounting, and controlling; specialized qualifications in international financial reporting comprising IAS/IFRS and US GAAP; master's degree program in taxation; and publicly funded training programmes, as well as focuses on IT, multimedia, and commercial qualifications under the eduBITES, Masterplan, Comcave College, GFN, Steuer-Fachschule Dr. Endriss, Akademie für Internationale Rechnungslegung, and TaxMaster brands.
The company was founded in 1986 and is headquartered in Frankfurt am Main, Germany.
Stock analysis
Amadeus Fire AG (AAD) currently trades at €17.94, while our model-based Fair Value estimate is €16.41, so the stock looks roughly fairly valued today (gap 9.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €43.57 per share, and 9 of the 13 models we run sit above the €17.94 price.
Bear case: the Multiples group reads lowest at €12.31, and 4 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €16.41 (bear) to €21.85 (bull), the price of €17.94 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Amadeus Fire AG reported revenue of €364M in FY2025 versus €372M in FY2021, a compound −0.6%/yr. Reported net income was −€2.4M in FY2025.
Key figures
Market cap €97.1M Micro · P/S ratio 0.28 · EPS (TTM) €−0.6100 · Net margin −2.0% · Return on equity −1.6% · Return on assets (EBIT) 14.9% (5-year average) · Operating margin −1.2% · Revenue (TTM) €349M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 65% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at −9%, AAD screens richer than that median.
Fair Value models
Bear€16.41Fair Value €16.41Bull€21.85
Price €17.94 · Downside -8.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.36/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−16.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
11.1% (2020) → 3.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −6.7% a year for the price and +1.1% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Staffing & Employment Services · 83 stocks
P/B0.75× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Amadeus Fire AG Fair Value". https://www.fairvalue-calculator.com/stock/AAD
Frequently asked questions
Is Amadeus Fire AG (AAD) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €16.41 versus a price of €17.94, about 9% lower (fairly valued).
What is the fair value of AAD?
Our model-based fair value for Amadeus Fire AG is €16.41 (as of Nov 8, 2026), built from audited fundamentals. The current price: €17.94.
What is the quality score of AAD?
Amadeus Fire AG has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Amadeus Fire AG (AAD)?
Our model-based price target is the fair value of €16.41 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario €16.41, optimistic scenario €21.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Amadeus Fire AG stock forecast for 2026?
Our models put fair value at €16.41, about 9% lower versus a price of €17.94 (fairly valued). Cautious scenario €16.41, optimistic scenario €21.85. The calculation is refreshed regularly with new filings.
What is the revenue of Amadeus Fire AG (AAD)?
Amadeus Fire AG reported trailing-twelve-month revenue of about €349M (latest available figure, as of Nov 8, 2026).
What growth is priced into Amadeus Fire AG (AAD)?
For today's price to be fair in a discounted-cash-flow model, Amadeus Fire AG would have to grow free cash flow by -4.6 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of AAD use?
Our models discount Amadeus Fire AG at 12.4 %: a base by market capitalisation (micro), damped by beta 0.97, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Amadeus Fire AG that is -4.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Amadeus Fire AG (AAD) delivered so far?
Over the past 5 years revenue at Amadeus Fire AG grew +5.4 % a year. The price currently implies free-cash-flow growth of -4.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Amadeus Fire AG (AAD) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Amadeus Fire AG (-4.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Amadeus Fire AG (AAD)?
The free-cash-flow yield on the price is 15.72 %: that much free cash flow Amadeus Fire AG produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Amadeus Fire AG (AAD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Amadeus Fire AG it is €16.41 per share (as of Nov 8, 2026), against a price of €17.94. It is the blended result of 13 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit).
Is Amadeus Fire AG stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AAD trades above its calculated fair value: price €17.94, fair value €16.41, a gap of about −9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AAD?
No. The price is what the market pays today (€17.94); the fair value is what the company's own numbers justify (€16.41). For Amadeus Fire AG the two are €1.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Amadeus Fire AG worth?
The market values Amadeus Fire AG at about €97.1M (market capitalisation, as of Nov 8, 2026). Per share that is €17.94; our models calculate a fair value of €16.41 per share.
What do the bullish and bearish scenarios say about AAD?
Our models span a range for Amadeus Fire AG: cautious scenario €16.41, base €16.41, optimistic €21.85 per share (as of Nov 8, 2026, price €17.94). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of AAD?
The PEG ratio of Amadeus Fire AG is 1.50 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Amadeus Fire AG (AAD)?
Balance-sheet figures for Amadeus Fire AG (as of Nov 8, 2026): return on equity −1.6%, debt of 0.02 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is AAD from its 52-week high?
Amadeus Fire AG trades at €17.94, about 65% below its 52-week high of €50.80 and 20% above the low of €14.94 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €16.41 is for.
Which stocks are comparable to Amadeus Fire AG?
From the same area (Industrials) we also value Randstad N.V, Adecco Group, Korn Ferry,, Robert Half Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Amadeus Fire AG stock attractive at the current price?
The data as of Nov 8, 2026: price €17.94, calculated fair value €16.41 (−9%), Quality Score 44/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AAD calculated?
We run Amadeus Fire AG through 13 models from 5 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €16.41 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Amadeus Fire AG itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Amadeus Fire AG (AAD)?
The closing price on Nov 9, 2026 was €17.94. Our model-based fair value is €16.41, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Amadeus Fire AG right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Amadeus Fire AG (AAD) come from?
Earnings per share at Amadeus Fire AG grew +7.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.1 %, EBIT margin −2.6 %, tax rate +0.4 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Amadeus Fire AG
How large is the market capitalisation of Amadeus Fire AG (AAD)?
The market capitalisation of Amadeus Fire AG is €97.1M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Amadeus Fire AG (AAD)?
The price-to-sales ratio of Amadeus Fire AG is 0.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Amadeus Fire AG (AAD)?
Earnings per share at Amadeus Fire AG are €−0.6100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Amadeus Fire AG (AAD)?
The net margin of Amadeus Fire AG is −2.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Amadeus Fire AG (AAD)?
The return on equity (ROE) of Amadeus Fire AG is −1.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Amadeus Fire AG (AAD)?
On an EBIT basis the return on assets of Amadeus Fire AG is 14.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Amadeus Fire AG (AAD)?
The operating margin of Amadeus Fire AG is −1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Amadeus Fire AG (AAD)?
Revenue at Amadeus Fire AG is growing −6.8% versus a year earlier (3y avg −3.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Amadeus Fire AG (AAD)?
Earnings per share at Amadeus Fire AG are growing −89.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Amadeus Fire AG (AAD) carry?
The net debt of Amadeus Fire AG is €140M (fiscal year 2025, ≈ 9.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026