Overview Dividends

(SAP) SAP SE - Ratings and Ratios

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

Enterprise, Cloud, ERP, HR, Analytics

EPS (Earnings per Share)

EPS Growth (3y CAGR): 21.21%
EPS Trend (3y Corr): 30.5%

Last SUE: 0.18σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): 2.69%
Revenue Trend (3y Corr): 79.4%

Last SUE: -0.01σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	27.7%
Value at Risk 5%th	45.1%
Relative Tail Risk	-0.86%

Reward TTM
Sharpe Ratio	0.05
Alpha	-9.15

Character TTM
Hurst Exponent	0.381
Beta	0.837
Beta Downside	0.781

Drawdowns 3y
Max DD	25.00%
Mean DD	4.48%
Median DD	2.87%

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	277,685m
Sub-Industry	Application Software
IPO / Inception	1998-08-07
Return 12m vs S&P 500	-9.94%
Analyst Rating	4.31 of 5

SAP Dividends

Metric	Value
Dividend Yield	1.11%
Yield on Cost 5y	2.43%
Yield CAGR 5y	8.64%
Payout Consistency	92.3%
Payout Ratio	38.6%

SAP Growth Ratios

Metric	Value
CAGR 3y	31.89%
CAGR/Max DD Calmar Ratio	1.28
CAGR/Mean DD Pain Ratio	7.12
Current Volume	1718k
Average Volume	1399.6k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (7.08b TTM) > 0 and > 6% of Revenue (6% = 2.19b TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -2.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 5.78% (prev 5.56%; Δ 0.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 7.31b > Net Income 7.08b (YES >=105%, WARN >=100%)

Net Debt (666.2m) to EBITDA (12.42b) ratio: 0.05 <= 3.0 (WARN <= 3.5)

Current Ratio 1.10 (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 -0.08% (target <= -2.0% for YES)

Gross Margin 73.55% (prev 72.72%; Δ 0.82pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 48.65% (prev 47.77%; Δ 0.89pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 9.52 (EBITDA TTM 12.42b / Interest Expense TTM 1.17b) >= 6 (WARN >= 3)

Altman Z'' 5.31

(A) 0.03 = (Total Current Assets 22.22b - Total Current Liabilities 20.11b) / Total Assets 80.37b

(B) 0.67 = Retained Earnings (Balance) 53.66b / Total Assets 80.37b

(D) 1.88 = Book Value of Equity 55.44b / Total Liabilities 29.56b

Total Rating: 5.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 80.68

1. Piotroski 5.50pt

2. FCF Yield 2.68%

3. FCF Margin 17.76%

4. Debt/Equity 0.21

5. Debt/Ebitda 0.05

6. ROIC - WACC (= 8.54)%

7. RoE 15.22%

8. Rev. Trend 79.37%

9. EPS Trend 30.52%

What is the price of SAP shares?

As of November 22, 2025, the stock is trading at USD 236.70 with a total of 1,718,012 shares traded.
Over the past week, the price has changed by -3.40%, over one month by -15.60%, over three months by -12.08% and over the past year by +1.19%.

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	339.8	43.6%
Analysts Target Price	339.8	43.6%
ValueRay Target Price	269.3	13.8%

SAP Fundamental Data Overview November 20, 2025

Market Cap EUR = 241.00b (277.69b USD * 0.8679 USD.EUR)
P/E Trailing = 33.9986
P/E Forward = 28.0112
P/S = 7.6091
P/B = 5.5749
P/EG = 0.9874
Beta = 0.813
Revenue TTM = 36.49b EUR
EBIT TTM = 11.09b EUR
EBITDA TTM = 12.42b EUR
Long Term Debt = 5.30b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 3.56b EUR (from shortTermDebt, last quarter)
Debt = 10.72b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 666.2m EUR (from netDebt column, last quarter)
Enterprise Value = 241.67b EUR (241.00b + Debt 10.72b - CCE 10.05b)
Interest Coverage Ratio = 9.52 (Ebit TTM 11.09b / Interest Expense TTM 1.17b)
FCF Yield = 2.68% (FCF TTM 6.48b / Enterprise Value 241.67b)
FCF Margin = 17.76% (FCF TTM 6.48b / Revenue TTM 36.49b)
Net Margin = 19.41% (Net Income TTM 7.08b / Revenue TTM 36.49b)
Gross Margin = 73.55% ((Revenue TTM 36.49b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 73.50% (prev 73.34%)
Tobins Q-Ratio = 3.01 (Enterprise Value 241.67b / Total Assets 80.37b)
Interest Expense / Debt = 2.91% (Interest Expense 312.0m / Debt 10.72b)
Taxrate = 25.28% (694.0m / 2.75b)
NOPAT = 8.28b (EBIT 11.09b * (1 - 25.28%))
Current Ratio = 1.10 (Total Current Assets 22.22b / Total Current Liabilities 20.11b)
Debt / Equity = 0.21 (Debt 10.72b / totalStockholderEquity, last quarter 50.30b)
Debt / EBITDA = 0.05 (Net Debt 666.2m / EBITDA 12.42b)
Debt / FCF = 0.10 (Net Debt 666.2m / FCF TTM 6.48b)
Total Stockholder Equity = 46.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.81% (Net Income 7.08b / Total Assets 80.37b)
RoE = 15.22% (Net Income TTM 7.08b / Total Stockholder Equity 46.53b)
RoCE = 21.39% (EBIT 11.09b / Capital Employed (Equity 46.53b + L.T.Debt 5.30b))
RoIC = 17.35% (NOPAT 8.28b / Invested Capital 47.75b)
WACC = 8.81% (E(241.00b)/V(251.72b) * Re(9.10%) + D(10.72b)/V(251.72b) * Rd(2.91%) * (1-Tc(0.25)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 75.48% ; FCFE base≈6.75b ; Y1≈7.16b ; Y5≈8.56b
Fair Price DCF = 106.4 (DCF Value 123.92b / Shares Outstanding 1.16b; 5y FCF grow 6.81% → 3.0% )
EPS Correlation: 30.52 | EPS CAGR: 21.21% | SUE: 0.18 | # QB: 0
Revenue Correlation: 79.37 | Revenue CAGR: 2.69% | SUE: -0.01 | # QB: 0

Additional Sources for SAP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle