Technology · Software - Application
Price
$155.09
Market Cap
$180.7B
Employees
108,187
Beta
0.73
Avg Volume
3,442,064
CEO
Christian Klein
Business Description
SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. The company's core enterprise resource planning (ERP) platform, SAP S/4HANA, offers robust functionalities for finance, risk management, project execution, procurement, manufacturing, supply chain optimization, asset management, and research and development. For human resources, SAP delivers SuccessFactors solutions, which encompass HR and payroll, talent and employee experience management, and comprehensive people and workforce analytics. Additionally, SAP provides spend management tools designed to handle direct and indirect expenditures, travel and expense reporting, and external workforce administration. SAP further extends its portfolio with customer experience solutions and the SAP Business Technology Platform, empowering both clients and partners to develop, integrate, and automate applications. Its SAP Business Network serves as a crucial business-to-business collaboration platform, digitizing key supply chain processes and facilitating seamless communication among trading partners. The company also offers SAP Signavio for discovering, analyzing, and enhancing business process operations, alongside modular industry-specific cloud solutions. Through Taulia, SAP provides working capital management solutions, helping customers improve liquidity visibility and mitigate the effects of inflation. Completing its extensive offerings, SAP also provides a range of sustainability solutions and services.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
21.01
Stock Price: $155.09
EPS (Diluted): 6.04
EPS (Diluted): 6.04
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.39
Stock Price: $155.09
Total Equity: $44.73B
Shares: 1,175,000,000
Total Equity: $44.73B
Shares: 1,175,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.04
Market Cap: $180.72B
Total Debt: $8.07B
Cash: $8.22B
EBITDA: $12.07B
Total Debt: $8.07B
Cash: $8.22B
EBITDA: $12.07B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$240.9B
Market Cap: $180.72B
Total Debt: $8.07B
Cash: $8.22B
Total Debt: $8.07B
Cash: $8.22B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
72.9%
Gross Profit: $26.81B
Revenue: $36.80B
Revenue: $36.80B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
26.1%
Operating Income: $9.62B
Revenue: $36.80B
Revenue: $36.80B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
19.5%
Net Income: $7.16B
Revenue: $36.80B
Revenue: $36.80B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
17.3%
Net Income: $7.16B
Total Equity: $44.73B
Total Equity: $44.73B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
14.0%
Operating Income: $9.62B
Tax Rate: 28.7%
Equity: $44.73B
Total Debt: $8.07B
Cash: $8.22B
Tax Rate: 28.7%
Equity: $44.73B
Total Debt: $8.07B
Cash: $8.22B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.17
Current Assets: $20.25B
Current Liabilities: $17.24B
Current Liabilities: $17.24B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.18
Short-Term Debt: $2.05B
Long-Term Debt: $6.02B
Total Debt: $8.07B
Total Equity: $44.73B
Long-Term Debt: $6.02B
Total Debt: $8.07B
Total Equity: $44.73B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$31.32
Revenue: $36.80B
Shares: 1,175,000,000
Shares: 1,175,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$38.07
Total Equity: $44.73B
Shares: 1,175,000,000
Shares: 1,175,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$6.75
Operating CF: $8.65B
CapEx: -$709.83M
Shares: 1,175,000,000
CapEx: -$709.83M
Shares: 1,175,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.1%
Last Dividend: N/A
Stock Price: $155.09
Stock Price: $155.09
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $7.16B
Net Income: $7.16B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SAP against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27.0B | $29.5B | $31.2B | $34.2B | $36.8B |
| Cost of Revenue | $7.2B | $8.0B | $8.7B | $9.2B | $10.0B |
| Gross Profit | $19.7B | $21.5B | $22.5B | $24.9B | $26.8B |
| Operating Expenses | $13.4B | $15.6B | $16.7B | $20.3B | $17.2B |
| Operating Income | $6.3B | $5.9B | $5.8B | $4.7B | $9.6B |
| Net Income | $5.3B | $2.3B | $6.1B | $3.1B | $7.2B |
| EBITDA | $11.0B | $8.3B | $8.0B | $7.1B | $12.1B |
| EPS | $4.56 | $1.96 | $5.26 | $2.68 | $6.04 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $8.9B | $9.0B | $8.1B | $9.6B | $8.2B |
| Total Current Assets | $20.0B | $18.6B | $20.6B | $21.4B | $20.2B |
| Total Assets | $71.2B | $72.2B | $68.3B | $74.1B | $70.3B |
| Current Liabilities | $16.1B | $17.5B | $14.6B | $19.1B | $17.2B |
| Long-Term Debt | $9.2B | $7.0B | $6.0B | $5.3B | $6.0B |
| Total Liabilities | $29.6B | $29.3B | $24.9B | $28.3B | $25.1B |
| Total Equity | $38.9B | $40.1B | $43.2B | $45.4B | $44.7B |
| Retained Earnings | $37.0B | $36.4B | $42.5B | $42.9B | $47.5B |
Cash Flow (Annual)
Last updated: Jun 23, 2026 3:03am (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $6.2B | $5.6B | $6.3B | $5.2B | $8.6B |
| Capital Expenditure | -$701.0M | -$874.0M | -$785.0M | -$797.0M | -$709.8M |
| Free Cash Flow | $5.5B | $4.8B | $5.5B | $4.4B | $7.9B |
| Acquisitions (net) | -$1.1B | -$390.0M | -$1.2B | -$1.0B | -$558.1M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$1.5B | -$949.0M | -$2.1B | -$1.9B |
| Net Change in Cash | $3.6B | $110.0M | -$884.0M | $1.5B | -$252.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:28am (35m ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$46.0B $45.4B – $46.5B
|
$51.5B $51.1B – $51.9B
|
$57.1B $56.6B – $57.6B
|
$61.1B $60.6B – $61.6B
|
| EBITDA |
$13.6B $13.4B – $13.8B
|
$15.3B $15.1B – $15.4B
|
$16.9B $16.8B – $17.1B
|
$18.1B $17.9B – $18.2B
|
| Net Income |
$10.3B $9.7B – $10.9B
|
$11.9B $10.6B – $13.2B
|
$13.4B $13.3B – $13.6B
|
$14.6B $14.4B – $14.7B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +9.5% | +5.7% | +9.5% | +7.7% |
| Gross Profit Growth | +8.9% | +4.9% | +10.6% | +7.5% |
| Operating Income Growth | -6.2% | -1.9% | -19.6% | +106.2% |
| Net Income Growth | -56.5% | +168.8% | -49.1% | +129.2% |
| EBITDA Growth | -24.6% | -3.1% | -11.9% | +70.6% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:40pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-05 | $2.94 | 2026-04-14 | 2026-05-05 | 2026-05-15 |
| 2025-05-13 | $2.63 | 2025-04-03 | 2025-05-13 | 2025-05-23 |
| 2024-05-16 | $2.39 | 2024-04-10 | 2024-05-17 | 2024-05-28 |
| 2023-05-12 | $2.23 | 2023-05-12 | 2023-05-15 | 2023-05-22 |
| 2022-05-19 | $2.61 | 2022-04-13 | 2022-05-20 | 2022-05-31 |
| 2021-05-13 | $2.26 | 2021-04-12 | 2021-05-14 | 2021-05-25 |
| 2020-05-21 | $1.73 | 2020-02-25 | 2020-05-22 | 2020-06-02 |
| 2019-05-16 | $1.67 | 2019-04-16 | 2019-05-17 | 2019-05-28 |
| 2018-05-18 | $1.65 | 2018-04-12 | 2018-05-21 | 2018-05-29 |
| 2017-05-11 | $1.37 | 2017-04-06 | 2017-05-15 | 2017-05-22 |
| 2016-05-10 | $1.31 | 2016-04-12 | 2016-05-12 | 2016-05-20 |
| 2015-05-18 | $1.22 | 2015-05-20 | 2015-05-29 | |
| 2014-05-22 | $1.37 | 2014-05-22 | 2014-05-21 | 2014-05-29 |
| 2013-05-31 | $1.11 | 2013-06-04 | 2013-06-12 | |
| 2012-05-21 | $1.38 | 2012-05-23 | 2012-06-01 | |
| 2011-05-23 | $0.85 | 2011-05-26 | 2011-05-25 | 2011-06-03 |
| 2010-06-04 | $0.60 | 2010-06-08 | 2010-06-16 | |
| 2009-05-15 | $0.68 | 2009-05-19 | 2009-05-27 | |
| 2008-05-30 | $0.77 | 2008-06-03 | 2008-06-11 | |
| 2007-05-08 | $0.62 | 2007-05-10 | 2007-05-18 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SAP — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30