Amadeus FiRe AG

AAD.DE

Staffing & Employment Services · Industrials

Price

€21.60

-0.30 (-1.37%)

Market Cap

€117.3M

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

Dividends

Exceptional

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Share count falling — buybacks

−5.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 5.7M (2021) → 5.4M (2025)

Winston Score History

The full picture

Amadeus FiRe AG is a German staffing and training company that helps businesses find workers, mostly in office and finance-related jobs. It places temporary and permanent employees at companies across Germany, and also runs its own training academies where people can learn accounting, IT, and business skills. The company focuses on white-collar roles, which sets it apart from staffing firms that place factory or warehouse workers.

Amadeus FiRe makes money by charging client companies fees for placing workers, either as a percentage of salary for permanent hires or a markup on hourly wages for temporary staff. Its training division adds a second revenue stream through course fees paid by individuals and corporate clients. The company operates almost entirely within Germany, making it a small, domestically focused business with a market cap around $100 million. Its main risk is sensitivity to the German labor market — when the economy slows and companies freeze hiring, demand for staffing services drops quickly.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-783.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

0.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Amadeus FiRe AG's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

47.9%

Healthy — 47.9% gross margin

Profit after running costs

Operating Margin

-1.1%

Losing money on operations — -1.1%

Return on the money invested

ROCE

4.5%

Weak — 4.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-12.2%

Shrinking sales (-12.2% YoY)

Profit growth

EPS YoY

-140.8%

Earnings shrinking (-140.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

5.4%

Thin free cash flow (5.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

0.99x

Dangerous — barely covers interest (1.0x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

18.66%

Healthy income — 18.66% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+19.8%

Dividend growing fast (19.8% YoY)

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