SAP Stock Analysis: SAP SE | NYSE
Software - Application | NYSE, USA | Market Cap: 182.994m USD | 12M Return: -45.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 492M
EPS Trend: 95.1%
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
SAP SE is a German enterprise software company headquartered in Walldorf, Germany, founded in 1972 and listed on the NYSE as an ADR under the ticker SAP. It is classified within the Information Technology sector (Application Software sub-industry) and is considered a large-cap stock. The company develops and sells business application software to organizations worldwide, generating revenue primarily through software licenses, subscriptions (notably cloud-based), and related support services.
SAPs product portfolio covers core business functions including finance, procurement, manufacturing, supply chain, human resources (SuccessFactors), customer experience, and spend management. Its flagship offering, SAP S/4HANA, serves as an enterprise resource planning (ERP) suite for large organizations, while the SAP Business Technology Platform supports application development, integration, and automation. The company also operates SAP Business Network, a business-to-business platform that digitizes supply chain interactions between trading partners, and offers complementary tools such as SAP Signavio for process analysis, SAP LeanIX for enterprise architecture management, and WalkMe for workflow execution.
SAP is embedding artificial intelligence across its product line through SAP Business AI and maintains strategic collaborations with partners such as Fresenius SE & Co. KGaA and Avelios Medical GmbH to develop cloud-native, AI-enabled systems. Like other large enterprise software vendors, SAP operates on a subscription and consumption-based pricing model, with cloud services representing an increasing share of total revenue.
- RISE with SAP migrations accelerate cloud subscription revenue growth
- Operating margin expands as cloud mix shifts from license sales
- EUR currency volatility impacts reported international revenue
- Competition intensifies from Oracle and Microsoft in enterprise cloud
- Share buyback program supports earnings per share growth
| Net Income: 7.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.28 > 1.0 |
| NWC/Revenue: 3.84% < 20% (prev 10.50%; Δ -6.66% < -1%) |
| CFO/TA 0.12 > 3% & CFO 8.86b > Net Income 7.31b |
| Net Debt (-293.4m) to EBITDA (12.3b): -0.02 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.17b) vs 12m ago -0.76% < -2% |
| Gross Margin: 72.79% > 18% (prev 73.34%; Δ -0.55% > 0.5%) |
| Asset Turnover: 48.13% > 50% (prev 43.02%; Δ 5.11% > 0%) |
| Interest Coverage Ratio: 8.28 > 6 (EBIT TTM 11.1b / Interest Expense TTM 1.33b) |
| A: 0.02 (Total Current Assets 22.3b - Total Current Liabilities 20.8b) / Total Assets 73.5b |
| B: 0.67 (Retained Earnings 49.3b / Total Assets 73.5b) |
| C: 0.14 (EBIT TTM 11.1b / Avg Total Assets 77.6b) |
| D: 1.60 (Book Value of Equity 44.9b / Total Liabilities 28.1b) |
| Altman-Z'' = 4.95 = AAA |
| DSRI: 0.92 (Receivables 9.03b/9.19b, Revenue 37.3b/35.1b) |
| GMI: 1.01 (GM 73.34% / 72.79%) |
| AQI: 1.02 (AQ_t 0.64 / AQ_t-1 0.62) |
| SGI: 1.06 (Revenue 37.3b / 35.1b) |
| TATA: -0.02 (NI 7.31b - CFO 8.86b) / TA 73.5b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of June 30, 2026, the stock is trading at USD 154.90 with a total of 2,095,152 shares traded. Over the past week, the price has changed by +0.75%, over one month by -10.78%, over three months by -4.98% and over the past year by -45.39%.
Current recommended Stop Loss: 146.50 (which is 5.4% or 1.4 ATR below the current price).
SAP SE has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy SAP.
- StrongBuy: 7
- Buy: 7
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 256 | 65.3% |
Market Cap EUR = 161b (183b USD * 0.8779 USD.EUR)
P/E Trailing = 21.4097
P/E Forward = 18.2815
P/S = 4.9005
P/B = 3.4798
P/EG = 1.3482
Revenue TTM = 37.3b EUR
EBIT TTM = 11.1b EUR
EBITDA TTM = 12.3b EUR
Long Term Debt = 4.19b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.05b EUR (from shortTermDebt, last fiscal year)
Debt = 9.75b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 1.68b
Net Debt = -293.4m EUR (calculated: Debt 9.75b - CCE 10.0b)
Enterprise Value = 160b EUR (161b + Debt 9.75b - CCE 10.0b)
Interest Coverage Ratio = 8.28 (Ebit TTM 11.1b / Interest Expense TTM 1.33b)
EV/FCF = 19.90x (Enterprise Value 160b / FCF TTM 8.06b)
FCF Yield = 5.02% (FCF TTM 8.06b / Enterprise Value 160b)
FCF Margin = 21.58% (FCF TTM 8.06b / Revenue TTM 37.3b)
Net Margin = 19.58% (Net Income TTM 7.31b / Revenue TTM 37.3b)
Gross Margin = 72.79% ((Revenue TTM 37.3b - Cost of Revenue TTM 10.2b) / Revenue TTM)
Gross Margin QoQ = 72.98% (prev 71.42%)
Tobins Q-Ratio = 2.18 (Enterprise Value 160b / Total Assets 73.5b)
Interest Expense / Debt = 13.69% (Interest Expense 1.33b / Debt 9.75b)
Taxrate = 29.12% (3.07b / 10.5b)
NOPAT = 7.83b (EBIT 11.1b * (1 - 29.12%))
Current Ratio = 1.07 (Total Current Assets 22.3b / Total Current Liabilities 20.8b)
Debt / Equity = 0.22 (Debt 9.75b / totalStockholderEquity, last quarter 44.9b)
Debt / EBITDA = -0.02 (Net Debt -293.4m / EBITDA 12.3b)
Debt / FCF = -0.04 (Net Debt -293.4m / FCF TTM 8.06b)
Total Stockholder Equity = 43.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.43% (Net Income 7.31b / Total Assets 73.5b)
RoE = 16.87% (Net Income TTM 7.31b / Total Stockholder Equity 43.3b)
RoCE = 23.25% (EBIT 11.1b / Capital Employed (Equity 43.3b + L.T.Debt 4.19b))
RoIC = 14.83% (NOPAT 7.83b / Invested Capital 52.8b)
WACC = 8.41% (E(161b)/V(170b) * Re(8.33%) + D(9.75b)/V(170b) * Rd(13.69%) * (1-Tc(0.29)))
Discount Rate = 8.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -48.89 | Cagr: -0.38%
[DCF] Terminal Value 77.78% ; FCFF base≈7.02b ; Y1≈8.05b ; Y5≈11.8b
[DCF] Fair Price = 151.4 (EV 176b - Net Debt -293.4m = Equity 177b / Shares 1.17b; r=8.41% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.12 | EPS CAGR: 23.32% | SUE: 0.73 | # QB: 0
Revenue Correlation: 98.98 | Revenue CAGR: 8.04% | SUE: 0.00 | # QB: 0
EPS next Quarter (2026-09-30): EPS=2.09 | Chg30d=-0.65% | Revisions=+14% | Analysts=3
EPS current Year (2026-12-31): EPS=8.34 | Chg30d=+2.00% | Revisions=-14% | GrowthEPS=+13.7% | GrowthRev=+9.1%
EPS next Year (2027-12-31): EPS=9.84 | Chg30d=+2.20% | Revisions=-14% | GrowthEPS=+18.0% | GrowthRev=+12.7%
[Analyst] Revisions Ratio: +14%