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Amadeus FiRe AG (AAD) Fair Value & Analysis

Industrials · AT · Market cap €137M

AF Amadeus FiRe AG AAD · VI
Price€20.95
Fair Value€30.31
Upside+44.7%
Quality95/100
Evidence: High Range €24.06 – €40.45

Fair value as of: Jun 24, 2026

From 15 valuation models · updated 5 days ago

Share price −18.8% over the past month.

Price vs Fair Value (12 months)

€83.08 €20.69 Fair Value €30.31 Jun 2025 Jun 2026

12‑month range €20.69 – €83.08 · fair‑value band €24.06 – €40.45 · the €20.95 price screens below the €30.31 fair value. As of Jun 24, 2026.

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Analysis

Amadeus FiRe AG (AAD) currently trades at €20.95, while our model-based Fair Value estimate is €30.31 — implying the stock looks roughly 44.7% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

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 €4.2M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €355M
Revenue growth (YoY) -9.0%
Net margin -1.2%
Return on equity 0.2%
Free cash flow €17.2M FY2025
Operating margin 1.8%
More key figures
EPS (TTM) €-0.7800
Net debt €4.2M FY2022

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

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. 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 …

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.

Revenue −0.6%/yr
FY21 €372M
FY22 €407M
FY23 €442M
FY24 €437M
FY25 €364M
Net income
FY21 €34.0M
FY22 €38.4M
FY23 €40.4M
FY24 €32.6M
FY25 −€2.4M

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Adecco Group AHEXF $17.25 $29.51 +71%
Korn Ferry, KFY $73.30 $75.35 +3%
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Frequently asked questions

Is Amadeus FiRe AG (AAD) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €30.31 versus a price of €20.95 — about +45% (undervalued). Model-based estimate, not financial advice.
What is the fair value of AAD?
Our 21-model fair value for Amadeus FiRe AG is €30.31 (as of Jun 24, 2026), built from audited fundamentals. The current price is €20.95.
What is the quality score of AAD?
Amadeus FiRe AG has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Amadeus FiRe AG (AAD)?
Amadeus FiRe AG reported trailing-twelve-month revenue of about €355M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of AAD?
The net profit margin of Amadeus FiRe AG is about -1.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.