SAP

Valuation Analysis

About the Company

SAP en bref

SAP (SAP) is currently trading at 159,20 € with a market capitalization of 183,7 Md €. The trailing P/E ratio stands at 23.97x, with a forward P/E of 19.13x. The 52-week range spans from 125,69 € to 259,65 €; the current price is 38.7% below the yearly high. Year-over-year revenue growth stands at +9.4%. The net profit margin stands at 20.41%.

💰 Dividende

SAP pays an annual dividend of 2,54 € per share, representing a yield of 1.6%. The payout ratio stands at 37.53%.

📊 Avis des analystes

12 analystes évaluent SAP (SAP) au consensus : Acheter. L'objectif de cours moyen est de 210,61 €, soit un potentiel de +32.29% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 153,46 € à 276,57 €.

SAP : la thèse d'investissement en détail

SAP (SAP) operates in the Technology — specifically Software - Application — and is headquartered in Germany. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Earnings growth of 30.6% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. With a gross margin near 73.66%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Free cash flow is positive and net margins stand at 20.41%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.

Valorisation en contexte

The EV/EBITDA multiple of 253.72x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 19.13x is meaningfully below the trailing 23.97x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 32.29% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

The price is in a transition zone relative to the moving averages — no clear signal.

Profil de risque

The data points to relatively defensive market behavior.

Trading Data

💵 Dividend Info

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