(SAP) SAP SE - Overview
Sector: Technology | Industry: Software - Application | Exchange: XETRA (Germany) | Market Cap: 182.980m EUR | Total Return: -41.9% in 12m
Avg Turnover: 390M
EPS Trend: 95.8%
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
SAP SE is a global provider of enterprise application software and business solutions, headquartered in Walldorf, Germany. The company’s core architecture centers on SAP S/4HANA, an enterprise resource planning (ERP) system that integrates critical functions such as finance, manufacturing, and supply chain management. Its portfolio extends into human capital management via SuccessFactors, spend management, and the SAP Business Technology Platform, which facilitates application automation and integration.
Operating within the Application Software sub-industry, SAP utilizes a business model that has transitioned significantly toward cloud-based subscriptions. This shift mirrors broader sector trends where enterprise providers prioritize recurring revenue streams over traditional one-time perpetual licenses to improve cash flow predictability. The company further diversifies its ecosystem through specialized tools like Signavio for process transformation and LeanIX for IT infrastructure visualization.
Beyond core ERP, SAP manages the SAP Business Network, a large-scale B2B collaboration platform designed to digitalize procurement and trading partner communications. For a deeper look into these operational segments, explore the data sets available on ValueRay. The company also integrates artificial intelligence across its suite to enhance predictive analytics and workflow execution for global organizations.
- Cloud revenue growth accelerates as legacy customers migrate from on-premise licenses
- SAP Business AI integration drives higher average contract value and margins
- Corporate restructuring and workforce reduction lower operational costs to boost profitability
- Global enterprise IT spending trends dictate demand for S/4HANA digital transformations
- Regulatory scrutiny of cloud data sovereignty impacts European market expansion strategy
| Net Income: 7.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 3.70 > 1.0 |
| NWC/Revenue: 3.84% < 20% (prev 9.72%; Δ -5.88% < -1%) |
| CFO/TA 0.12 > 3% & CFO 8.84b > Net Income 7.48b |
| Net Debt (-290.0m) to EBITDA (13.4b): -0.02 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.17b) vs 12m ago -0.76% < -2% |
| Gross Margin: 73.20% > 18% (prev 0.73%; Δ 7.25k% > 0.5%) |
| Asset Turnover: 50.09% > 50% (prev 46.48%; Δ 3.62% > 0%) |
| Interest Coverage Ratio: 8.75 > 6 (EBITDA TTM 13.4b / Interest Expense TTM 1.39b) |
| 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: 0.16 (EBIT TTM 12.1b / Avg Total Assets 74.5b) |
| D: 1.80 (Book Value of Equity 50.5b / Total Liabilities 28.1b) |
| Altman-Z'' = 5.30 = AAA |
| DSRI: 1.00 (Receivables 9.03b/8.51b, Revenue 37.3b/35.1b) |
| GMI: 1.00 (GM 73.20% / 73.34%) |
| AQI: 1.02 (AQ_t 0.64 / AQ_t-1 0.62) |
| SGI: 1.06 (Revenue 37.3b / 35.1b) |
| TATA: -0.02 (NI 7.48b - CFO 8.84b) / TA 73.5b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of May 23, 2026, the stock is trading at EUR 150.90 with a total of 2,099,842 shares traded.
Over the past week, the price has changed by +5.36%,
over one month by +3.03%,
over three months by -8.04% and
over the past year by -41.86%.
SAP SE has no consensus analysts rating.
P/E Trailing = 25.1154
P/E Forward = 20.202
P/S = 4.9001
P/B = 3.8051
P/EG = 0.7283
Revenue TTM = 37.3b EUR
EBIT TTM = 12.1b EUR
EBITDA TTM = 13.4b EUR
Long Term Debt = 4.19b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.05b EUR (from shortTermDebt, last fiscal year)
Debt = 9.76b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 1.68b
Net Debt = -290.0m EUR (calculated: Debt 9.76b - CCE 10.0b)
Enterprise Value = 183b EUR (183b + Debt 9.76b - CCE 10.0b)
Interest Coverage Ratio = 8.75 (Ebit TTM 12.1b / Interest Expense TTM 1.39b)
EV/FCF = 22.76x (Enterprise Value 183b / FCF TTM 8.03b)
FCF Yield = 4.39% (FCF TTM 8.03b / Enterprise Value 183b)
FCF Margin = 21.50% (FCF TTM 8.03b / Revenue TTM 37.3b)
Net Margin = 20.03% (Net Income TTM 7.48b / Revenue TTM 37.3b)
Gross Margin = 73.20% ((Revenue TTM 37.3b - Cost of Revenue TTM 10.0b) / Revenue TTM)
Gross Margin QoQ = 72.98% (prev 73.01%)
Tobins Q-Ratio = 2.49 (Enterprise Value 183b / Total Assets 73.5b)
Interest Expense / Debt = 14.24% (Interest Expense 1.39b / Debt 9.76b)
Taxrate = 29.13% (800.0m / 2.75b)
NOPAT = 8.61b (EBIT 12.1b * (1 - 29.13%))
Current Ratio = 1.07 (Total Current Assets 22.3b / Total Current Liabilities 20.8b)
Debt / Equity = 0.22 (Debt 9.76b / totalStockholderEquity, last quarter 44.9b)
Debt / EBITDA = -0.02 (Net Debt -290.0m / EBITDA 13.4b)
Debt / FCF = -0.04 (Net Debt -290.0m / FCF TTM 8.03b)
Total Stockholder Equity = 43.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.03% (Net Income 7.48b / Total Assets 73.5b)
RoE = 17.25% (Net Income TTM 7.48b / Total Stockholder Equity 43.4b)
RoCE = 25.55% (EBIT 12.1b / Capital Employed (Equity 43.4b + L.T.Debt 4.19b))
RoIC = 16.30% (NOPAT 8.61b / Invested Capital 52.8b)
WACC = 7.72% (E(183b)/V(193b) * Re(7.59%) + D(9.76b)/V(193b) * Rd(14.24%) * (1-Tc(0.29)))
Discount Rate = 7.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.29 | Cagr: -0.38%
[DCF] Terminal Value 77.97% ; FCFF base≈7.00b ; Y1≈8.03b ; Y5≈11.8b
[DCF] Fair Price = 152.5 (EV 178b - Net Debt -290.0m = Equity 178b / Shares 1.17b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.76 | EPS CAGR: 19.36% | SUE: 0.77 | # QB: 0
Revenue Correlation: 98.98 | Revenue CAGR: 8.04% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.77 | Chg30d=+0.87% | Revisions=+27% | Analysts=6
EPS next Quarter (2026-09-30): EPS=1.81 | Chg30d=+0.60% | Revisions=+27% | Analysts=6
EPS current Year (2026-12-31): EPS=7.30 | Chg30d=+0.87% | Revisions=+47% | GrowthEPS=+18.7% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=8.56 | Chg30d=+0.38% | Revisions=+47% | GrowthEPS=+17.3% | GrowthRev=+12.7%
[Analyst] Revisions Ratio: +47%