Overview Dividends

(SAP) SAP SE - Ratings and Ratios

Exchange: NYSE • Country: Germany • Currency: USD • Type: Common Stock • ISIN: US8030542042

Enterprise, Cloud, ERP, HR, Analytics

SAP EPS (Earnings per Share)

EPS Growth (3Y CAGR): 24.47%
EPS Trend (3Y Correlation): 31.9%

SAP Revenue

Revenue Growth (3Y CAGR): 2.69%
Revenue Trend (3Y Correlation): 79.4%

Description: SAP SAP SE September 24, 2025

SAP SE (NYSE:SAP) delivers a broad suite of enterprise-software solutions, including the S/4HANA ERP platform (finance, procurement, manufacturing, supply-chain, R&D), SuccessFactors HR suite, and spend-management tools. Its portfolio is complemented by the Business Technology Platform for low-code app development, the Business Network for B2B collaboration, Signavio process-intelligence, industry-specific clouds, LeanIX architecture management, WalkMe workflow automation, Enable Now embedded learning, Taulia working-capital services, and sustainability offerings, all supported by services and support.

In FY 2023 SAP generated €27.9 billion in revenue, with cloud subscription and support growing at a 13 % YoY rate and now representing roughly 45 % of total revenue-a key driver of higher gross margins (≈71 %). The company reported an operating margin of 21 % and a free-cash-flow conversion of 85 % of operating cash flow, indicating strong cash generation despite a modest decline in on-premise license sales.

The enterprise-software market is being reshaped by three macro trends: accelerated digital transformation in response to post-pandemic supply-chain stress, rapid migration to cloud-native ERP and AI-augmented analytics, and increasing ESG reporting requirements that drive demand for sustainability modules. SAP’s focus on integrated cloud suites and its expanding partner ecosystem positions it to capture a larger share of the projected €1.2 trillion global enterprise-software spend over the next five years.

For a deeper, data-driven assessment of SAP’s valuation and risk profile, you may find the analytical framework on ValueRay worth exploring.

SAP Stock Overview

Market Cap in USD	307,409m
Sub-Industry	Application Software
IPO / Inception	1998-08-07

SAP Stock Ratings

Growth Rating	70.2%
Fundamental	79.2%
Dividend Rating	43.9%
Return 12m vs S&P 500	-7.17%
Analyst Rating	4.31 of 5

SAP Dividends

Dividend Yield 12m	1.04%
Yield on Cost 5y	2.48%
Annual Growth 5y	8.64%
Payout Consistency	92.3%
Payout Ratio	37.8%

SAP Growth Ratios

Growth Correlation 3m	-30.8%
Growth Correlation 12m	40.9%
Growth Correlation 5y	77%
CAGR 5y	33.79%
CAGR/Max DD 3y (Calmar Ratio)	1.76
CAGR/Mean DD 3y (Pain Ratio)	8.02
Sharpe Ratio 12m	0.79
Alpha	-8.65
Beta	0.901
Volatility	28.95%
Current Volume	1127.9k
Average Volume 20d	1327.6k
Stop Loss	244.4 (-3%)
Signal	0.25

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (7.08b TTM) > 0 and > 6% of Revenue (6% = 2.19b TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA -0.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 4.92% (prev 5.56%; Δ -0.64pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 7.31b > Net Income 7.08b (YES >=105%, WARN >=100%)

Net Debt (567.0m) to EBITDA (11.69b) ratio: 0.05 <= 3.0 (WARN <= 3.5)

Current Ratio 1.10 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.18b) change vs 12m ago -0.08% (target <= -2.0% for YES)

Gross Margin 73.55% (prev 72.72%; Δ 0.82pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 52.87% (prev 47.77%; Δ 5.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 8.89 (EBITDA TTM 11.69b / Interest Expense TTM 1.17b) >= 6 (WARN >= 3)

Altman Z'' 5.33

(A) 0.03 = (Total Current Assets 18.91b - Total Current Liabilities 17.11b) / Total Assets 68.40b

(B) 0.67 = Retained Earnings (Balance) 45.67b / Total Assets 68.40b

(D) 1.88 = Book Value of Equity 47.18b / Total Liabilities 25.16b

Total Rating: 5.33 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 79.22

1. Piotroski 6.50pt = 1.50

2. FCF Yield 2.43% = 1.22

3. FCF Margin 17.76% = 4.44

4. Debt/Equity 0.21 = 2.48

5. Debt/Ebitda 0.05 = 2.50

6. ROIC - WACC (= 6.55)% = 8.19

7. RoE 16.19% = 1.35

8. Rev. Trend 79.37% = 5.95

9. EPS Trend 31.86% = 1.59

What is the price of SAP shares?

As of November 09, 2025, the stock is trading at USD 251.96 with a total of 1,127,900 shares traded.
Over the past week, the price has changed by -3.10%, over one month by -7.98%, over three months by -14.72% and over the past year by +5.85%.

Is SAP SE a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, SAP SE (NYSE:SAP) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 79.22 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SAP is around 274.97 USD . This means that SAP is currently overvalued and has a potential downside of 9.13%.

Is SAP a buy, sell or hold?

SAP SE has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy SAP.

Strong Buy: 7
Buy: 7
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SAP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	339.8	34.9%
Analysts Target Price	339.8	34.9%
ValueRay Target Price	308.3	22.4%

SAP Fundamental Data Overview November 05, 2025

Market Cap EUR = 267.05b (307.41b USD * 0.8687 USD.EUR)
P/E Trailing = 38.0346
P/E Forward = 33.1126
P/S = 8.4235
P/B = 6.5821
P/EG = 1.1676
Beta = 0.901
Revenue TTM = 36.49b EUR
EBIT TTM = 10.36b EUR
EBITDA TTM = 11.69b EUR
Long Term Debt = 5.30b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 3.03b EUR (from shortTermDebt, last quarter)
Debt = 9.12b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 567.0m EUR (from netDebt column, last quarter)
Enterprise Value = 266.23b EUR (267.05b + Debt 9.12b - CCE 9.93b)
Interest Coverage Ratio = 8.89 (Ebit TTM 10.36b / Interest Expense TTM 1.17b)
FCF Yield = 2.43% (FCF TTM 6.48b / Enterprise Value 266.23b)
FCF Margin = 17.76% (FCF TTM 6.48b / Revenue TTM 36.49b)
Net Margin = 19.41% (Net Income TTM 7.08b / Revenue TTM 36.49b)
Gross Margin = 73.55% ((Revenue TTM 36.49b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 73.50% (prev 73.34%)
Tobins Q-Ratio = 3.89 (Enterprise Value 266.23b / Total Assets 68.40b)
Interest Expense / Debt = 3.42% (Interest Expense 312.0m / Debt 9.12b)
Taxrate = 25.28% (694.0m / 2.75b)
NOPAT = 7.74b (EBIT 10.36b * (1 - 25.28%))
Current Ratio = 1.10 (Total Current Assets 18.91b / Total Current Liabilities 17.11b)
Debt / Equity = 0.21 (Debt 9.12b / totalStockholderEquity, last quarter 42.81b)
Debt / EBITDA = 0.05 (Net Debt 567.0m / EBITDA 11.69b)
Debt / FCF = 0.09 (Net Debt 567.0m / FCF TTM 6.48b)
Total Stockholder Equity = 43.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.35% (Net Income 7.08b / Total Assets 68.40b)
RoE = 16.19% (Net Income TTM 7.08b / Total Stockholder Equity 43.74b)
RoCE = 21.12% (EBIT 10.36b / Capital Employed (Equity 43.74b + L.T.Debt 5.30b))
RoIC = 15.67% (NOPAT 7.74b / Invested Capital 49.40b)
WACC = 9.12% (E(267.05b)/V(276.17b) * Re(9.34%) + D(9.12b)/V(276.17b) * Rd(3.42%) * (1-Tc(0.25)))
Discount Rate = 9.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 74.67% ; FCFE base≈6.75b ; Y1≈7.16b ; Y5≈8.56b
Fair Price DCF = 102.4 (DCF Value 119.20b / Shares Outstanding 1.16b; 5y FCF grow 6.81% → 3.0% )
EPS Correlation: 31.86 | EPS CAGR: 24.47% | SUE: 0.59 | # QB: 0
Revenue Correlation: 79.37 | Revenue CAGR: 2.69% | SUE: -0.01 | # QB: 0

Additional Sources for SAP Stock

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