Amadeus FiRe AG (AAD) Fair Value & Analysis
Industrials · DE · Market cap €104M
Fair value as of: Jul 12, 2026
From 16 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from €36.82 to €16.64 (−54.8%) since Jun 24, 2026. Share price +20.0% over the past month.
Below-average quality, and screening another 27% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€21.85). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range €19.12 – €174.37 · fair‑value band €16.64 – €21.85 · the €22.95 price screens above the €16.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Amadeus FiRe AG (AAD) currently trades at €22.95, while our model-based Fair Value estimate is €16.64, implying the stock looks roughly 27.5% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Amadeus FiRe AG generated revenue of €355M at a net margin of -1.2%. Revenue declined 9.0% year over year. It earns a return on equity of 0.2%. Net debt stands at €140M. Fundamentals as of Jul 12, 2026
Our scenario range runs from €16.64 (bear case) to €21.85 (bull case); at €22.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 72% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 23% fair-value upside, at -27%, AAD screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Dividend Discount (€44.59) versus Asset-Based (€16.03). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
of which total revenue +12.0 pp · buybacks/dilution −0.9 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
AAD screens 27% overvalued. Compare with Adecco Group →
Peer Group
Staffing & Employment Services · 85 stocks
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.
Valuation Multiples vs Staffing & Employment Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adecco Group ADEN | CHF 20.46 | CHF 23.73 | +16% |
| Korn Ferry, KFY | $78.61 | $114.56 | +46% |
| Robert Half Inc RHI | $36.70 | $22.10 | -40% |
| TriNet Group TNET | $57.56 | $70.85 | +23% |
| ManpowerGroup Inc MAN | $39.02 | $29.67 | -24% |
| Insperity, Inc NSP | $49.48 | $17.34 | -65% |
| FESCO Group 600861 | ¥13.24 | ¥45.46 | +243% |
| Grupa Pracuj S.A GPP | 47.40 PLN | 65.45 PLN | +38% |
| Barrett Business Services, Inc BBSI | $37.43 | $38.42 | +3% |
| Maharah for Human Resources Company 1831 | 5.36 SAR | 6.92 SAR | +29% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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