(SAP) SAP SE - Ratings and Ratios
ERP, Cloud, HCM, Analytics, Platform
SAP EPS (Earnings per Share)
SAP Revenue
Description: SAP SAP SE
SAP SE (XETRA: SAP) delivers a portfolio of enterprise-software and cloud-based business solutions that span core ERP (S/4HANA), human-capital management (SuccessFactors), spend management, customer experience, and a suite of platform and network services (Business Technology Platform, Business Network, Signavio, LeanIX, WalkMe, Enable Now, and Taulia). The offerings are designed to digitize finance, supply-chain, HR, and IT operations while providing analytics, automation, and sustainability tools.
Key growth levers include the shift of legacy on-premise licenses to subscription-based cloud contracts, which drove FY 2023 cloud revenue to €7.2 billion-a 20 % year-over-year increase-while overall revenue reached €27.8 billion. Cloud-margin expansion (cloud operating margin ≈ 30 %) is a primary profitability driver, offsetting slower growth in traditional licensing.
Macro-level, SAP’s performance is tied to global enterprise IT spend, particularly in digital transformation and ESG reporting. A 2024 Gartner forecast expects worldwide ERP cloud adoption to grow at a CAGR of ~ 13 %, positioning SAP to capture a larger share of the European and North-American markets, though a prolonged macro-economic slowdown could temper corporate capex.
Sector-specific dynamics such as the rise of composable enterprise architectures and the demand for real-time analytics reinforce the relevance of SAP’s Business Technology Platform and Business Network, which together enable customers to integrate third-party applications and streamline B2B collaborations.
For analysts seeking a deeper quantitative view of SAP’s valuation metrics and scenario analysis, a quick look at ValueRay’s interactive dashboards can provide the granular data needed to test assumptions and refine investment theses.
SAP Stock Overview
| Market Cap in USD | 313,587m |
| Sub-Industry | Application Software |
| IPO / Inception | 1998-04-09 |
SAP Stock Ratings
| Growth Rating | 60.7% |
| Fundamental | 79.1% |
| Dividend Rating | 48.6% |
| Return 12m vs S&P 500 | -4.18% |
| Analyst Rating | - |
SAP Dividends
| Dividend Yield 12m | 0.99% |
| Yield on Cost 5y | 2.62% |
| Annual Growth 5y | 8.63% |
| Payout Consistency | 98.9% |
| Payout Ratio | 42.6% |
SAP Growth Ratios
| Growth Correlation 3m | -48.1% |
| Growth Correlation 12m | 3.4% |
| Growth Correlation 5y | 84.2% |
| CAGR 5y | 32.89% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.37 |
| CAGR/Mean DD 3y (Pain Ratio) | 7.56 |
| Sharpe Ratio 12m | 0.36 |
| Alpha | -5.19 |
| Beta | 0.901 |
| Volatility | 22.72% |
| Current Volume | 1753k |
| Average Volume 20d | 1197.9k |
| Stop Loss | 229.7 (-3%) |
| Signal | -0.28 |
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income (6.54b TTM) > 0 and > 6% of Revenue (6% = 2.15b TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA -0.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 1.64% (prev 6.86%; Δ -5.23pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 7.25b > Net Income 6.54b (YES >=105%, WARN >=100%) |
| Net Debt (804.0m) to EBITDA (11.14b) ratio: 0.07 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.03 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.17b) change vs 12m ago 0.33% (target <= -2.0% for YES) |
| Gross Margin 73.58% (prev 72.59%; Δ 0.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 51.72% (prev 46.24%; Δ 5.48pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 8.97 (EBITDA TTM 11.14b / Interest Expense TTM 1.09b) >= 6 (WARN >= 3) |
Altman Z'' 4.85
| (A) 0.01 = (Total Current Assets 19.64b - Total Current Liabilities 19.05b) / Total Assets 68.40b |
| (B) 0.64 = Retained Earnings (Balance) 43.65b / Total Assets 68.40b |
| (C) 0.14 = EBIT TTM 9.82b / Avg Total Assets 69.39b |
| (D) 1.68 = Book Value of Equity 45.34b / Total Liabilities 27.00b |
| Total Rating: 4.85 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 79.10
| 1. Piotroski 7.0pt = 2.0 |
| 2. FCF Yield 2.39% = 1.20 |
| 3. FCF Margin 18.00% = 4.50 |
| 4. Debt/Equity 0.21 = 2.48 |
| 5. Debt/Ebitda 0.07 = 2.50 |
| 6. ROIC - WACC (= 5.38)% = 6.73 |
| 7. RoE 15.09% = 1.26 |
| 8. Rev. Trend 80.95% = 6.07 |
| 9. EPS Trend 47.47% = 2.37 |
What is the price of SAP shares?
Over the past week, the price has changed by +1.13%, over one month by +5.41%, over three months by -8.73% and over the past year by +11.03%.
Is SAP SE a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SAP is around 247.82 EUR . This means that SAP is currently overvalued and has a potential downside of 4.63%.
Is SAP a buy, sell or hold?
What are the forecasts/targets for the SAP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 286.8 | 21.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 277.8 | 17.3% |
SAP Fundamental Data Overview
Market Cap EUR = 268.97b (268.97b EUR * 1.0 EUR.EUR)
P/E Trailing = 41.4632
P/E Forward = 32.8947
P/S = 7.4948
P/B = 6.5377
P/EG = 1.1597
Beta = 0.901
Revenue TTM = 35.89b EUR
EBIT TTM = 9.82b EUR
EBITDA TTM = 11.14b EUR
Long Term Debt = 4.26b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.11b EUR (from shortTermDebt, last quarter)
Debt = 8.75b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 804.0m EUR (from netDebt column, last quarter)
Enterprise Value = 269.77b EUR (268.97b + Debt 8.75b - CCE 7.94b)
Interest Coverage Ratio = 8.97 (Ebit TTM 9.82b / Interest Expense TTM 1.09b)
FCF Yield = 2.39% (FCF TTM 6.46b / Enterprise Value 269.77b)
FCF Margin = 18.00% (FCF TTM 6.46b / Revenue TTM 35.89b)
Net Margin = 18.23% (Net Income TTM 6.54b / Revenue TTM 35.89b)
Gross Margin = 73.58% ((Revenue TTM 35.89b - Cost of Revenue TTM 9.48b) / Revenue TTM)
Gross Margin QoQ = 73.60% (prev 73.31%)
Tobins Q-Ratio = 3.94 (Enterprise Value 269.77b / Total Assets 68.40b)
Interest Expense / Debt = 3.06% (Interest Expense 268.0m / Debt 8.75b)
Taxrate = 30.10% (753.0m / 2.50b)
NOPAT = 6.86b (EBIT 9.82b * (1 - 30.10%))
Current Ratio = 1.03 (Total Current Assets 19.64b / Total Current Liabilities 19.05b)
Debt / Equity = 0.21 (Debt 8.75b / totalStockholderEquity, last quarter 41.00b)
Debt / EBITDA = 0.07 (Net Debt 804.0m / EBITDA 11.14b)
Debt / FCF = 0.12 (Net Debt 804.0m / FCF TTM 6.46b)
Total Stockholder Equity = 43.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.56% (Net Income 6.54b / Total Assets 68.40b)
RoE = 15.09% (Net Income TTM 6.54b / Total Stockholder Equity 43.34b)
RoCE = 20.63% (EBIT 9.82b / Capital Employed (Equity 43.34b + L.T.Debt 4.26b))
RoIC = 14.49% (NOPAT 6.86b / Invested Capital 47.35b)
WACC = 9.11% (E(268.97b)/V(277.71b) * Re(9.34%) + D(8.75b)/V(277.71b) * Rd(3.06%) * (1-Tc(0.30)))
Discount Rate = 9.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.22%
[DCF Debug] Terminal Value 74.67% ; FCFE base≈6.59b ; Y1≈6.99b ; Y5≈8.36b
Fair Price DCF = 99.92 (DCF Value 116.37b / Shares Outstanding 1.16b; 5y FCF grow 6.81% → 3.0% )
EPS Correlation: 47.47 | EPS CAGR: 9.85% | SUE: 0.33 | # QB: 0
Revenue Correlation: 80.95 | Revenue CAGR: 7.09% | SUE: -0.75 | # QB: 0