Company profile

Ticker
SABR
Exchange
Website
CEO
Sean E. Menke
Employees
Incorporated in
Location
Fiscal year end
SEC CIK

SABR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 May 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 658.98M 941.42M 984.2M 1B
Net income -211.9M 10.76M 64.58M 29.44M
Diluted EPS -0.78 0.04 0.23 0.1
Net profit margin -32.16% 1.14% 6.56% 2.94%
Operating income -151.41M 57.64M 113.46M 81.91M
Net change in cash 248.3M -37.25M 76.58M -62.64M
Cash on hand 684.47M 436.18M 473.43M 396.85M
Cost of revenue 611.52M 733.23M 750.82M 763.39M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 3.97B 3.87B 3.6B 3.37B
Net income 162.55M 342.66M 247.64M 246.94M
Diluted EPS 0.57 1.22 0.87 0.86
Net profit margin 4.09% 8.86% 6.88% 7.32%
Operating income 363.42M 562.02M 493.44M 459.57M
Net change in cash -73.09M 147.88M -2.73M 42.98M
Cash on hand 436.18M 509.27M 361.38M 364.11M
Cost of revenue 3.04B 2.79B 2.51B 2.29B

Financial data from Sabre earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Jun 20 Jones Judson Wade Common Stock Grant Aquire A No 0 161,637 0 249,343
15 Jun 20 Roshan Mendis Common Stock Grant Aquire A No 0 72,886 0 126,255
15 Jun 20 Roshan Mendis Options to Purchase Common Stock Common Stock Grant Aquire A No 8.48 48,924 414.88K 48,924
15 Jun 20 Kindle Jami Common Stock Grant Aquire A No 0 52,372 0 95,442
15 Jun 20 Tanyel Cem Common Stock Grant Aquire A No 0 86,023 0 98,941
15 Jun 20 Barnett Douglas E Common Stock Grant Aquire A No 0 166,983 0 298,366
84.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 319 334 -4.5%
Opened positions 62 36 +72.2%
Closed positions 77 58 +32.8%
Increased positions 117 121 -3.3%
Reduced positions 96 134 -28.4%
13F shares
Current Prev Q Change
Total value 1.81B 8.46B -78.6%
Total shares 232.93M 250.82M -7.1%
Total puts 447.6K 46.1K +870.9%
Total calls 340.4K 351.5K -3.2%
Total put/call ratio 1.3 0.1 +902.6%
Largest owners
Shares Value Change
Vanguard 27.91M $165.52M +0.0%
BLK BlackRock 26.1M $154.78M -2.7%
Causeway Capital Management 15.91M $94.37M +20.8%
Capital World Investors 15.9M $94.29M -33.5%
IVZ Invesco 14.12M $83.74M +360.9%
Burgundy Asset Management 13.87M $82.25M -25.5%
STT State Street 9.16M $54.32M +2.1%
FIL 7.56M $44.83M -0.2%
Eminence Capital 3.98M $23.62M NEW
SRS Investment Management 3.81M $22.6M NEW
Largest transactions
Shares Bought/sold Change
IVZ Invesco 14.12M +11.06M +360.9%
William Blair Investment Management 0 -9.24M EXIT
Capital World Investors 15.9M -8.02M -33.5%
Lazard Asset Management 725 -6.67M -100.0%
Ceredex Value Advisors 0 -6.3M EXIT
Sound Shore Management 0 -6.25M EXIT
Burgundy Asset Management 13.87M -4.74M -25.5%
Eminence Capital 3.98M +3.98M NEW
SRS Investment Management 3.81M +3.81M NEW
FMR 30.88K -3.56M -99.1%

Financial report summary

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Risks
  • The COVID-19 pandemic has had and is expected to continue to have a significant adverse impact on our business and the travel suppliers on whom our business relies.
  • The COVID-19 pandemic has had and is expected to continue to have a significant adverse impact on our financial results and prospects.
  • The COVID-19 pandemic may result in potential impairments of goodwill, long-term investments and long-lived assets; increasing provisions for bad debt including risks associated with travel agencies ability to repay us for bookings that have now cancelled; and increases in cash outlays to refund travel service providers for cancelled bookings.
  • The ongoing impact of the COVID-19 outbreak on our business and results of operations is highly uncertain.
  • Our revenue is highly dependent on transaction volumes in the global travel industry, particularly air travel transaction volumes.
  • Our success depends on maintaining the integrity of our systems and infrastructure, which may suffer from failures, capacity constraints, business interruptions and forces outside of our control.
  • Any inability or failure to adapt to technological developments or the evolving competitive landscape could harm our business operations and competitiveness.
  • Travel suppliers’ use of alternative distribution models, such as direct distribution models, could adversely affect our Travel Network business.
  • We rely on the availability and performance of information technology services provided by third parties, including DXC, which manages a significant portion of our systems.
  • Our Travel Network business is exposed to pricing pressure from travel suppliers.
  • Security breaches could expose us to liability and damage our reputation and our business.
  • Implementation of software solutions often involves a significant commitment of resources, and any failure to deliver as promised on a significant implementation could adversely affect our business.
  • The travel distribution market is highly competitive, and we are subject to competition from other GDS providers, direct distribution by travel suppliers and new entrants or technologies that may challenge the GDS business model.
  • Our ability to maintain and grow our Airline Solutions and Hospitality Solutions businesses may be negatively affected by competition from other third-party solutions providers and new participants that seek to enter the solutions market.
  • Our ability to recruit, train and retain employees, including our key executive officers and technical employees, is critical to our results of operations and future growth.
  • Our travel supplier customers may experience financial instability or consolidation, pursue cost reductions, change their distribution model or undergo other changes.
  • Our Travel Network business depends on relationships with travel buyers.
  • Our business could be harmed by adverse global and regional economic and political conditions.
  • We operate a global business that exposes us to risks associated with international activities.
  • We are involved in various legal proceedings which may cause us to incur significant fees, costs and expenses and may result in unfavorable outcomes.
  • We are exposed to risks associated with acquiring or divesting businesses or business operations.
  • Any failure to comply with regulations or any changes in such regulations governing our businesses could adversely affect us.
  • Our collection, processing, storage, use and transmission of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements, differing views on data privacy or security breaches.
  • We are exposed to risks associated with PCI compliance.
  • Intellectual property infringement actions against us could be costly and time consuming to defend and may result in business harm if we are unsuccessful in our defense.
  • We may not be able to protect our intellectual property effectively, which may allow competitors to duplicate our products and services.
  • We use open source software in our solutions that may subject our software solutions to general release or require us to re-engineer our solutions.
  • We rely on the value of our brands, which may be damaged by a number of factors, some of which are out of our control.
  • Maintaining and improving our financial controls and the requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • We rely on third-party distributor partners and equity method investments to extend our GDS services to certain regions, which exposes us to risks associated with lack of direct management control and potential conflicts of interest.
  • We may have higher than anticipated tax liabilities.
  • We may not have sufficient insurance to cover our liability in pending litigation claims and future claims either due to coverage limits or as a result of insurance carriers seeking to deny coverage of such claims, which in either case could expose us to significant liabilities.
  • Defects in our products may subject us to significant warranty liabilities or product liability claims and we may have insufficient product liability insurance to pay material uninsured claims.
  • We may recognize impairments on long-lived assets, including goodwill and other intangible assets, or recognize impairments on our equity method investments.
  • Our pension plan obligations are currently unfunded, and we may have to make significant cash contributions to our plans, which could reduce the cash available for our business.
  • We may require more cash than we generate in our operating activities, and additional funding on reasonable terms or at all may not be available.
  • We have a significant amount of indebtedness, which could adversely affect our cash flow and our ability to operate our business and to fulfill our obligations under our indebtedness.
  • We are exposed to interest rate fluctuations.
  • We are exposed to exchange rate fluctuations.
  • The market price of our common stock could decline due to the large number of outstanding shares of our common stock eligible for future sale.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This Quarterly Report on Form 10-Q, including this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part I, Item 2, contains information that may constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, such as statements regarding our future financial condition or results of operations, our prospects and strategies for future growth, the development and introduction of new products, and the implementation of our marketing and branding strategies. In many cases, you can identify forward-looking statements by terms such as “expects,” "outlook," “believes,” “may,” "intends," "provisional," "plans," “will,” “predicts,” “potential,” “anticipates,” “estimates,” "should,” “plans”, "could", "likely", "commit", "guidance", "anticipate", "incremental", "preliminary", "forecast", "continue", "strategy", "confidence", "momentum", "estimate", "objective", "project", "may", or the negative of these terms or other comparable terminology. The forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions and are subject to risks, uncertainties and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Certain of these risks, uncertainties and changes in circumstances are described in the "Risk Factors" section of this Quarterly Report on Form 10-Q and in the “Risk Factors” and “Forward-Looking Statements” sections included in our Annual Report on Form 10-K filed with the SEC on February 26, 2020. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. You are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.
  • We connect people and places with technology that reimagines the business of travel. We operate through three business segments: (i) Travel Network, our global business-to-business travel marketplace for travel suppliers and travel buyers, (ii) Airline Solutions, a broad portfolio of software technology products and solutions primarily for airlines, and (iii) Hospitality Solutions, an extensive suite of leading software solutions for hoteliers. Collectively, these offerings enable travel suppliers to better serve their customers across the entire travel lifecycle, from route planning to post-trip business intelligence and analytics.
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