SABR · STOCK
Sabre Corpo (SABR.US)
Sabre in One Snapshot
Sabre is one of three giants dominating global distribution systems (GDS) — the tech backbone connecting airlines, hotels, and travel agencies for bookings worldwide. It powers about 25% of airline reservations, with $2.8B TTM revenue, 57% gross margins, but just 11% operating margins strained by $4.1B debt. Travel Solutions (75% revenue) drives growth via distribution and retailing; Hospitality (25%) adds stability with higher margins. In a cyclical oligopoly, Sabre's network moat shines, but COVID's 60% revenue plunge and NDC disruption risks linger. Insiders own 15.5%, institutions 98%. At $1.82/share and 0.3x P/S, it's dirt cheap — if travel booms and debt eases.
- Market cap
- $719.2M
- Revenue (TTM)
- $2.8B
- Gross margin
- 56.7%
- Operating margin
- 11.3%
- P/E (TTM)
- 0.00
- P/S
- 0.26
- EV/EBITDA
- 13.72
- Beta
- 0.86
- 52-week high
- $3.52
- 52-week low
- $0.81
- Employees
- 4,650
What Sabre Does and Why It Matters
Sabre Corporation builds the invisible software that powers much of the global travel industry. Think of it as the digital middleman connecting airlines, hotels, and travel agencies to make bookings happen seamlessly worldwide. This B2B tech provider went public in 2014 and now serves a vast network of travel players from its Southlake, Texas headquarters, with about 4,650 employees. Financially, Sabre generated $2.8 billion in trailing twelve-month revenue, boasting a solid 56.7% gross margin but slimmer 11.3% operating margin — squeezed by high R&D spending at 25.7% of revenue and hefty long-term debt of $4.1 billion. Capital expenditures stay low at 3%, reflecting a software-heavy model, though negative equity and a sky-high negative ROE of -737% highlight balance sheet stress from COVID-era hits. Recent quarters show resilience, with EPS beating estimates handily. These numbers reveal Sabre's core tension: a proven network in a booming travel recovery clashes with debt overhang and profitability hurdles. That dynamic sets the stage for how revenue breaks down across segments and regions.…