| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 200.15 | 415 |
| Intrinsic value (DCF) | 34.10 | -12 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 41.95 | 8 |
Amadeus FiRe AG is a leading German provider of specialized personnel services and professional training, primarily focused on finance, accounting, and IT sectors. Headquartered in Frankfurt am Main, the company operates through two key segments: Personnel Services and Training. Its personnel services include temporary staffing, permanent placement, and interim management for professionals and executives, while its training division prepares candidates for state examinations in tax advisory, accounting, and financial control, as well as specialized courses in international accounting standards like IAS/IFRS and US-GAAP. Founded in 1986, Amadeus FiRe AG has established itself as a trusted partner for businesses seeking skilled finance and IT professionals in Germany. With a market capitalization of over €400 million, the company plays a significant role in Germany's staffing and employment services industry, catering to the growing demand for specialized financial expertise in a complex regulatory environment.
Amadeus FiRe AG presents an interesting investment case as a specialized player in Germany's staffing and professional training market, particularly in the high-demand finance and accounting sectors. The company's dual revenue streams from personnel services and training provide diversification, while its focus on high-value professional services offers better margins than general staffing firms. However, investors should note the company's relatively high beta of 1.38, indicating above-average volatility compared to the market. The dividend yield appears attractive with €4.03 per share, but the modest cash position (€2.4 million) against total debt (€71.2 million) warrants attention. The company's niche focus provides competitive advantages but also limits growth potential outside its core German market and specialized sectors.
Amadeus FiRe AG competes in the German professional staffing and training market with a distinct focus on finance, accounting, and IT professionals. Its competitive advantage lies in its specialized expertise and established reputation in these niche areas, particularly in preparing candidates for state examinations and providing training in complex accounting standards. Unlike general staffing firms, Amadeus FiRe's deep sector knowledge allows it to command premium pricing and maintain stronger client relationships in its target markets. The company's training division provides a unique differentiator, creating a pipeline of qualified professionals who may later become candidates for its staffing services. However, its geographic concentration in Germany limits its ability to scale compared to multinational competitors. The company's relatively small size (€437 million revenue) means it lacks the resources of larger staffing conglomerates, but this also allows for more focused service delivery in its specialty areas. Its financial position shows solid operating cash flow (€53 million) but modest liquidity, which could constrain aggressive expansion.