Full history for every metric is available with a Kvantra account
Key financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | €bn | 27.3 | 27.0 | 29.5 | 31.2 | 34.2 | 36.8 | 38.2 | 40.2 |
| Operating profit | €bn | 9.6 | 10.2 | ||||||
| Net profit | €bn | 5.15 | 5.26 | 2.28 | 6.14 | 3.12 | 7.16 | 7.80 | 8.28 |
| EPS reported | € | 6.24 | 6.80 | ||||||
| Operating cashflow per share | € | 7.85 | 8.21 | ||||||
| Capex per share | € | 0.63 | 0.64 | ||||||
| FCF per share | € | 7.22 | 7.57 | ||||||
| Free cash flow | €bn | 8.42 | 8.73 | ||||||
| Net debt | €bn | -1.7 | -11.6 | ||||||
| Book value equity | €bn | 44.8 | 44.7 | ||||||
| Book value per share | € | 38.09 | 38.64 | ||||||
| Number of shares | m | 1,175 | 1,158 | ||||||
| DPS (TTM paid) | € | 2.50 | 2.50 |
Financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 33.39 | 28.16 | ||||||
| P/B LTM | x | 5.43 | 4.74 | ||||||
| P/S LTM | x | 6.60 | 5.56 | ||||||
| P/FCF LTM | x | 28.86 | 24.32 | ||||||
| EV/EBITDA LTM | x | 20.11 | 15.58 | ||||||
| EV/Sales LTM | x | 6.60 | 5.25 | ||||||
| Earnings Yield LTM | % | 2.99% | 3.55% | ||||||
| FCF Yield | % | 3.46% | 4.11% | ||||||
| Quality | |||||||||
| ROE | % | 16.00% | 17.60% | ||||||
| ROIC | % | 12.44% | 13.13% | ||||||
| Operating margin | % | 26.14% | 26.75% | ||||||
| Gross margin | % | 72.86% | 72.76% | ||||||
| FCF/Sales | % | 22.87% | 22.86% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +135.47% | +22.30% | ||||||
| Sales Growth YoY | % | +7.68% | +6.43% | ||||||
| Net Income Growth YoY | % | +129.23% | +19.19% | ||||||
| FCF Growth | % | +90.86% | +35.98% | ||||||
| Operating Profit Growth | % | +106.22% | +13.03% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 1.13% | 1.31% | ||||||
| Dividend Growth | % | +6.38% | +6.38% | ||||||
| Payout Ratio | % | 37.41% | 36.28% | ||||||
| FCF/Debt | x | 1.04 | - | ||||||
| Net Debt/EBITDA | x | -0.01 | -0.82 | ||||||
| EBIT/Net interest | x | 6.99 | 7.07 | ||||||
| Net debt/market cap | % | -0.70% | -5.48% | ||||||
| Net debt/Equity | x | -0.04 | -0.26 | ||||||
| Gross debt/equity | x | 0.18 | 0.00 | ||||||
ETFs that hold SAP
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard FTSE Europe ETF | VGK | 9 | 1.39% |
| Amundi Core Stoxx Europe 600 UCITS ETF Acc | LYP6.DE | 9 | 1.41% |
| iShares MSCI EAFE Growth ETF | EFG | 3 | 2.00% |
| iShares ESG Aware MSCI EAFE ETF | ESGD | 5 | 1.17% |
| iShares Core MSCI Europe UCITS ETF EUR (Dist) | IMEU.AS | 9 | 1.53% |
| iShares STOXX Europe 600 UCITS ETF (DE) | EXSA.DE | 10 | 1.39% |
| iShares Core EURO STOXX 50 UCITS ETF (DE) | EXW1.DE | 4 | 4.11% |
| Vanguard International Dividend Appreciation ETF | VIGI | 3 | 3.86% |
| iShares Core DAX UCITS ETF (DE) | EXS1.DE | 2 | 10.63% |
| Xtrackers MSCI Europe UCITS ETF 1C | XMED.L | 9 | 1.59% |
Funds with SAP among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Globally, SAP SE stands as a leading provider of enterprise application software, organized into three core divisions: Applications, Technology & Support; Qualtrics; and Services. The company's extensive product suite features SAP S/4HANA, an advanced enterprise resource planning (ERP) system that incorporates artificial intelligence, machine learning, and sophisticated analytics. For human capital management, SAP offers SuccessFactors Human Experience Management, a cloud-based platform covering essential HR functions, payroll, talent development, employee engagement, and people analytics. Its intelligent spend management tools are branded under names like SAP Ariba, SAP Concur, and SAP Fieldglass. Furthermore, SAP delivers customer experience solutions, the SAP Business Technology Platform for customizing and extending its cloud-native applications, and the SAP Business Network, which enables companies to broaden their partnerships, respond to supply chain challenges, and identify new market opportunities. The firm also provides business process intelligence solutions designed to help clients analyze their operations, identify inefficiencies, and optimize their business processes. Additional offerings encompass Experience solutions, specialized industry-specific functionalities via SAP's industry cloud, and a robust ecosystem for developing, selling, servicing, and operating SAP technologies, alongside sustainable business solutions. SAP SE was established in 1972 and maintains its headquarters in Walldorf, Germany.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard FTSE Europe ETF | VGK | 9 | 1.39% |
| Amundi Core Stoxx Europe 600 UCITS ETF Acc | LYP6.DE | 9 | 1.41% |
| iShares MSCI EAFE Growth ETF | EFG | 3 | 2.00% |
| iShares ESG Aware MSCI EAFE ETF | ESGD | 5 | 1.17% |
| iShares Core MSCI Europe UCITS ETF EUR (Dist) | IMEU.AS | 9 | 1.53% |
| iShares STOXX Europe 600 UCITS ETF (DE) | EXSA.DE | 10 | 1.39% |
| iShares Core EURO STOXX 50 UCITS ETF (DE) | EXW1.DE | 4 | 4.11% |
| Vanguard International Dividend Appreciation ETF | VIGI | 3 | 3.86% |
| iShares Core DAX UCITS ETF (DE) | EXS1.DE | 2 | 10.63% |
| Xtrackers MSCI Europe UCITS ETF 1C | XMED.L | 9 | 1.59% |
Funds with SAP among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
Globally, SAP SE stands as a leading provider of enterprise application software, organized into three core divisions: Applications, Technology & Support; Qualtrics; and Services. The company's extensive product suite features SAP S/4HANA, an advanced enterprise resource planning (ERP) system that incorporates artificial intelligence, machine learning, and sophisticated analytics. For human capital management, SAP offers SuccessFactors Human Experience Management, a cloud-based platform covering essential HR functions, payroll, talent development, employee engagement, and people analytics. Its intelligent spend management tools are branded under names like SAP Ariba, SAP Concur, and SAP Fieldglass. Furthermore, SAP delivers customer experience solutions, the SAP Business Technology Platform for customizing and extending its cloud-native applications, and the SAP Business Network, which enables companies to broaden their partnerships, respond to supply chain challenges, and identify new market opportunities. The firm also provides business process intelligence solutions designed to help clients analyze their operations, identify inefficiencies, and optimize their business processes. Additional offerings encompass Experience solutions, specialized industry-specific functionalities via SAP's industry cloud, and a robust ecosystem for developing, selling, servicing, and operating SAP technologies, alongside sustainable business solutions. SAP SE was established in 1972 and maintains its headquarters in Walldorf, Germany.
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