Overview Dividends

(SAP) SAP SE - Ratings and Ratios

Exchange: NYSE • Country: Germany • Currency: USD • Type: Common Stock • ISIN: US8030542042

Enterprise, Cloud, ERP, HR, Analytics

SAP EPS (Earnings per Share)

EPS Growth (3Y CAGR): -25.28%
EPS Trend (3Y Correlation): -3.0%

SAP Revenue

Revenue Growth (3Y CAGR): 5.26%
Revenue Trend (3Y Correlation): 76.8%

Description: SAP SAP SE September 24, 2025

SAP SE (NYSE:SAP) delivers a broad suite of enterprise-software solutions, including the S/4HANA ERP platform (finance, procurement, manufacturing, supply-chain, R&D), SuccessFactors HR suite, and spend-management tools. Its portfolio is complemented by the Business Technology Platform for low-code app development, the Business Network for B2B collaboration, Signavio process-intelligence, industry-specific clouds, LeanIX architecture management, WalkMe workflow automation, Enable Now embedded learning, Taulia working-capital services, and sustainability offerings, all supported by services and support.

In FY 2023 SAP generated €27.9 billion in revenue, with cloud subscription and support growing at a 13 % YoY rate and now representing roughly 45 % of total revenue-a key driver of higher gross margins (≈71 %). The company reported an operating margin of 21 % and a free-cash-flow conversion of 85 % of operating cash flow, indicating strong cash generation despite a modest decline in on-premise license sales.

The enterprise-software market is being reshaped by three macro trends: accelerated digital transformation in response to post-pandemic supply-chain stress, rapid migration to cloud-native ERP and AI-augmented analytics, and increasing ESG reporting requirements that drive demand for sustainability modules. SAP’s focus on integrated cloud suites and its expanding partner ecosystem positions it to capture a larger share of the projected €1.2 trillion global enterprise-software spend over the next five years.

For a deeper, data-driven assessment of SAP’s valuation and risk profile, you may find the analytical framework on ValueRay worth exploring.

SAP Stock Overview

Market Cap in USD	324,377m
Sub-Industry	Application Software
IPO / Inception	1998-08-07

SAP Stock Ratings

Growth Rating	74.0%
Fundamental	75.7%
Dividend Rating	44.1%
Return 12m vs S&P 500	-7.51%
Analyst Rating	4.31 of 5

SAP Dividends

Dividend Yield 12m	1.01%
Yield on Cost 5y	2.70%
Annual Growth 5y	8.64%
Payout Consistency	92.3%
Payout Ratio	41.7%

SAP Growth Ratios

Growth Correlation 3m	-34.1%
Growth Correlation 12m	47.8%
Growth Correlation 5y	76.9%
CAGR 5y	41.61%
CAGR/Max DD 3y (Calmar Ratio)	2.18
CAGR/Mean DD 3y (Pain Ratio)	10.15
Sharpe Ratio 12m	0.69
Alpha	-8.96
Beta	0.901
Volatility	29.78%
Current Volume	1972.1k
Average Volume 20d	1327.6k
Stop Loss	252.2 (-3%)
Signal	-0.12

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (6.59b TTM) > 0 and > 6% of Revenue (6% = 2.15b TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA -0.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 1.64% (prev 6.87%; Δ -5.23pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 7.17b > Net Income 6.59b (YES >=105%, WARN >=100%)

Net Debt (805.6m) to EBITDA (10.82b) 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 (1.18b) change vs 12m ago 0.68% (target <= -2.0% for YES)

Gross Margin 73.51% (prev 72.63%; Δ 0.88pp) >=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 8.69 (EBITDA TTM 10.82b / Interest Expense TTM 1.09b) >= 6 (WARN >= 3)

Altman Z'' 4.82

(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

(D) 1.68 = Book Value of Equity 45.34b / Total Liabilities 27.00b

Total Rating: 4.82 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 75.68

1. Piotroski 7.0pt = 2.0

2. FCF Yield 2.31% = 1.15

3. FCF Margin 18.09% = 4.52

4. Debt/Equity 0.21 = 2.48

5. Debt/Ebitda 0.07 = 2.50

6. ROIC - WACC (= 4.92)% = 6.15

7. RoE 15.21% = 1.27

8. Rev. Trend 76.85% = 5.76

9. EPS Trend -3.03% = -0.15

What is the price of SAP shares?

As of November 01, 2025, the stock is trading at USD 260.01 with a total of 1,972,100 shares traded.
Over the past week, the price has changed by -3.54%, over one month by -2.69%, over three months by -9.31% and over the past year by +12.29%.

Is SAP SE a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, SAP SE (NYSE:SAP) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 75.68 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SAP is around 296.35 USD . This means that SAP is currently undervalued and has a potential upside of +13.98% (Margin of Safety).

Is SAP a buy, sell or hold?

SAP SE has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy SAP.

Strong Buy: 7
Buy: 7
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SAP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	340.3	30.9%
Analysts Target Price	340.3	30.9%
ValueRay Target Price	332.3	27.8%

SAP Fundamental Data Overview October 25, 2025

Market Cap EUR = 280.36b (324.38b USD * 0.8643 USD.EUR)
P/E Trailing = 39.8469
P/E Forward = 33.1126
P/S = 9.0389
P/B = 6.5821
P/EG = 1.1676
Beta = 0.901
Revenue TTM = 35.89b EUR
EBIT TTM = 9.51b EUR
EBITDA TTM = 10.82b EUR
Long Term Debt = 4.26b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.12b EUR (from shortTermDebt, last quarter)
Debt = 8.76b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 805.6m EUR (from netDebt column, last quarter)
Enterprise Value = 281.18b EUR (280.36b + Debt 8.76b - CCE 7.94b)
Interest Coverage Ratio = 8.69 (Ebit TTM 9.51b / Interest Expense TTM 1.09b)
FCF Yield = 2.31% (FCF TTM 6.49b / Enterprise Value 281.18b)
FCF Margin = 18.09% (FCF TTM 6.49b / Revenue TTM 35.89b)
Net Margin = 18.37% (Net Income TTM 6.59b / Revenue TTM 35.89b)
Gross Margin = 73.51% ((Revenue TTM 35.89b - Cost of Revenue TTM 9.51b) / Revenue TTM)
Gross Margin QoQ = 73.34% (prev 73.31%)
Tobins Q-Ratio = 4.11 (Enterprise Value 281.18b / Total Assets 68.40b)
Interest Expense / Debt = 3.06% (Interest Expense 268.0m / Debt 8.76b)
Taxrate = 30.10% (753.0m / 2.50b)
NOPAT = 6.65b (EBIT 9.51b * (1 - 30.10%))
Current Ratio = 1.03 (Total Current Assets 19.64b / Total Current Liabilities 19.05b)
Debt / Equity = 0.21 (Debt 8.76b / totalStockholderEquity, last quarter 41.00b)
Debt / EBITDA = 0.07 (Net Debt 805.6m / EBITDA 10.82b)
Debt / FCF = 0.12 (Net Debt 805.6m / FCF TTM 6.49b)
Total Stockholder Equity = 43.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.64% (Net Income 6.59b / Total Assets 68.40b)
RoE = 15.21% (Net Income TTM 6.59b / Total Stockholder Equity 43.34b)
RoCE = 19.98% (EBIT 9.51b / Capital Employed (Equity 43.34b + L.T.Debt 4.26b))
RoIC = 14.04% (NOPAT 6.65b / Invested Capital 47.35b)
WACC = 9.12% (E(280.36b)/V(289.12b) * Re(9.34%) + D(8.76b)/V(289.12b) * Rd(3.06%) * (1-Tc(0.30)))
Discount Rate = 9.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 74.67% ; FCFE base≈6.60b ; Y1≈7.01b ; Y5≈8.38b
Fair Price DCF = 100.2 (DCF Value 116.70b / Shares Outstanding 1.16b; 5y FCF grow 6.81% → 3.0% )
EPS Correlation: -3.03 | EPS CAGR: -25.28% | SUE: -2.83 | # QB: 0
Revenue Correlation: 76.85 | Revenue CAGR: 5.26% | SUE: -0.08 | # QB: 0

Additional Sources for SAP Stock

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