SAP Stock Analysis: SAP SE | XETRA
Software - Application | XETRA, Germany | Market Cap: 149.821m EUR | 12M Return: -37% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 327M
EPS Trend: 95.6%
Qual. Beats: -1
Rev. Trend: 99.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SAP SE is a Germany-based enterprise software company headquartered in Walldorf and founded in 1972. It provides a broad portfolio of business applications and platforms worldwide, serving functions across finance, HR, supply chain, procurement, customer experience, and business process management. Core offerings include SAP S/4HANA for enterprise resource planning (ERP), SAP SuccessFactors for human capital management, the SAP Business Technology platform for application development and integration, and the SAP Business Network for B2B collaboration. SAP also offers adjacent tools such as Signavio for process analysis, LeanIX for enterprise architecture management, WalkMe for workflow guidance, and Taulia for working capital management.
As a large-cap player in the application software segment of the IT sector, SAP generates revenue primarily through software licensing, subscriptions (particularly cloud-based), and related services and support. The industry has shifted substantially toward cloud delivery models, in line with SAPs emphasis on cloud-enabled platforms and its embedded Business AI capabilities. SAP also maintains strategic collaborations, including a partnership with Fresenius and Avelios Medical to co-develop a cloud-native hospital information system with integrated AI for clinical and administrative workflows.
- Cloud revenue mix shift drives double-digit growth
- Operating margin expansion program targets 2025 milestone
- Business AI adoption lifts enterprise contract values
| Net Income: 7.96b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.06 > 1.0 |
| NWC/Revenue: 7.63% < 20% (prev 1.64%; Δ 5.99% < -1%) |
| CFO/TA 0.13 > 3% & CFO 9.46b > Net Income 7.96b |
| Net Debt (-1.87b) to EBITDA (14.0b): -0.13 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.16b) vs 12m ago -1.27% < -2% |
| Gross Margin: 73.16% > 18% (prev 73.51%; Δ -0.35% > 0.5%) |
| Asset Turnover: 53.04% > 50% (prev 52.47%; Δ 0.58% > 0%) |
| Interest Coverage Ratio: 8.80 > 6 (EBIT TTM 12.7b / Interest Expense TTM 1.44b) |
| A: 0.04 (Total Current Assets 22.6b - Total Current Liabilities 19.7b) / Total Assets 75.6b |
| B: 0.64 (Retained Earnings 48.6b / Total Assets 75.6b) |
| C: 0.18 (EBIT TTM 12.7b / Avg Total Assets 72.0b) |
| D: 1.47 (Book Value of Equity 44.7b / Total Liabilities 30.4b) |
| Altman-Z'' = 5.08 = AAA |
| DSRI: 1.07 (Receivables 7.76b/6.81b, Revenue 38.2b/35.9b) |
| GMI: 1.00 (GM 73.51% / 73.16%) |
| AQI: 0.99 (AQ_t 0.64 / AQ_t-1 0.65) |
| SGI: 1.06 (Revenue 38.2b / 35.9b) |
| TATA: -0.02 (NI 7.96b - CFO 9.46b) / TA 75.6b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at EUR 151.28 with a total of 4,518,096 shares traded. Over the past week, the price has changed by +9.42%, over one month by +10.71%, over three months by +3.28% and over the past year by -36.96%.
Current recommended Stop Loss: 136.90 (which is 9.5% or 2.6 ATR below the current price).
SAP SE has no consensus analysts rating.
P/E Trailing = 20.5312
P/E Forward = 17.762
P/S = 4.0121
P/B = 3.4366
P/EG = 1.3103
Revenue TTM = 38.2b EUR
EBIT TTM = 12.7b EUR
EBITDA TTM = 14.0b 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 = -1.87b EUR (calculated: Debt 9.76b - CCE 11.6b)
Enterprise Value = 148b EUR (150b + Debt 9.76b - CCE 11.6b)
Interest Coverage Ratio = 8.80 (Ebit TTM 12.7b / Interest Expense TTM 1.44b)
EV/FCF = 16.95x (Enterprise Value 148b / FCF TTM 8.73b)
FCF Yield = 5.90% (FCF TTM 8.73b / Enterprise Value 148b)
FCF Margin = 22.86% (FCF TTM 8.73b / Revenue TTM 38.2b)
Net Margin = 20.85% (Net Income TTM 7.96b / Revenue TTM 38.2b)
Gross Margin = 73.16% ((Revenue TTM 38.2b - Cost of Revenue TTM 10.3b) / Revenue TTM)
Gross Margin QoQ = 73.17% (prev 72.98%)
Tobins Q-Ratio = 1.96 (Enterprise Value 148b / Total Assets 75.6b)
Interest Expense / Debt = 14.80% (Interest Expense 1.44b / Debt 9.76b)
Taxrate = 28.07% (3.16b / 11.3b)
NOPAT = 9.14b (EBIT 12.7b * (1 - 28.07%))
Current Ratio = 1.15 (Total Current Assets 22.6b / Total Current Liabilities 19.7b)
Debt / Equity = 0.22 (Debt 9.76b / totalStockholderEquity, last quarter 44.7b)
Debt / EBITDA = -0.13 (Net Debt -1.87b / EBITDA 14.0b)
Debt / FCF = -0.21 (Net Debt -1.87b / FCF TTM 8.73b)
Total Stockholder Equity = 44.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.06% (Net Income 7.96b / Total Assets 75.6b)
RoE = 17.98% (Net Income TTM 7.96b / Total Stockholder Equity 44.3b)
RoCE = 26.21% (EBIT 12.7b / Capital Employed (Equity 44.3b + L.T.Debt 4.19b))
RoIC = 16.32% (NOPAT 9.14b / Invested Capital 56.0b)
WACC = 7.93% (E(150b)/V(160b) * Re(7.75%) + D(9.76b)/V(160b) * Rd(14.80%) * (1-Tc(0.28)))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -65.16 | Cagr: -0.80%
[DCF] Terminal Value 77.97% ; FCFF base≈7.83b ; Y1≈8.98b ; Y5≈13.2b
[DCF] Fair Price = 171.9 (EV 199b - Net Debt -1.87b = Equity 201b / Shares 1.17b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.63 | EPS CAGR: 18.95% | SUE: -2.59 | # QB: -1
Revenue Correlation: 99.32 | Revenue CAGR: 8.29% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.78 | Chg30d=-0.73% | Revisions=+30% | Analysts=5
EPS current Year (2026-12-31): EPS=7.19 | Chg30d=-1.18% | Revisions=+40% | GrowthEPS=+16.8% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=8.37 | Chg30d=-1.70% | Revisions=+17% | GrowthEPS=+16.4% | GrowthRev=+11.6%
[Analyst] Revisions Ratio: +40% (up=9, down=3)