Amadeus IT Group SA

AMS: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€57.00	Mjjfqbb	Rqqzvmg

Amadeus’ Demand and Profit Margins Continue to Recover; Shares Appropriately Valued

Dan Wasiolek

Jul 29, 2022

We do not plan to materially change our EUR 60 valuation on narrow-moat Amadeus, as its second-quarter update is tracking toward our 2022 expectations, leaving shares fairly valued.

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