SAP SE-SPONSORED ADR (SAP) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SAP • US8030542042

202.47 USD
+5.06 (+2.56%)
Last: Feb 6, 2026, 01:05 PM
Fundamental Rating

7

Taking everything into account, SAP scores 7 out of 10 in our fundamental rating. SAP was compared to 278 industry peers in the Software industry. SAP scores excellent points on both the profitability and health parts. This is a solid base for a good stock. SAP is not valued too expensively and it also shows a decent growth rate. With these ratings, SAP could be worth investigating further for quality investing!.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • SAP had positive earnings in the past year.
  • SAP had a positive operating cash flow in the past year.
  • In the past 5 years SAP has always been profitable.
  • In the past 5 years SAP always reported a positive cash flow from operatings.
SAP Yearly Net Income VS EBIT VS OCF VS FCFSAP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • SAP's Return On Assets of 10.41% is amongst the best of the industry. SAP outperforms 83.45% of its industry peers.
  • The Return On Equity of SAP (16.37%) is better than 83.81% of its industry peers.
  • SAP has a Return On Invested Capital of 13.43%. This is amongst the best in the industry. SAP outperforms 90.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SAP is in line with the industry average of 10.78%.
  • The last Return On Invested Capital (13.43%) for SAP is above the 3 year average (10.61%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.41%
ROE 16.37%
ROIC 13.43%
ROA(3y)7.87%
ROA(5y)6.83%
ROE(3y)12.49%
ROE(5y)11.34%
ROIC(3y)10.61%
ROIC(5y)9.31%
SAP Yearly ROA, ROE, ROICSAP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • SAP's Profit Margin of 19.91% is amongst the best of the industry. SAP outperforms 83.81% of its industry peers.
  • In the last couple of years the Profit Margin of SAP has remained more or less at the same level.
  • SAP has a Operating Margin of 28.17%. This is amongst the best in the industry. SAP outperforms 90.65% of its industry peers.
  • SAP's Operating Margin has been stable in the last couple of years.
  • With a decent Gross Margin value of 73.62%, SAP is doing good in the industry, outperforming 60.07% of the companies in the same industry.
  • SAP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.17%
PM (TTM) 19.91%
GM 73.62%
OM growth 3Y8.24%
OM growth 5Y1.17%
PM growth 3Y37.04%
PM growth 5Y1.13%
GM growth 3Y0.25%
GM growth 5Y0.42%
SAP Yearly Profit, Operating, Gross MarginsSAP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SAP is still creating some value.
  • SAP has about the same amout of shares outstanding than it did 1 year ago.
  • SAP has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SAP has an improved debt to assets ratio.
SAP Yearly Shares OutstandingSAP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
SAP Yearly Total Debt VS Total AssetsSAP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 6.57 indicates that SAP is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 6.57, SAP belongs to the best of the industry, outperforming 84.89% of the companies in the same industry.
  • SAP has a debt to FCF ratio of 0.96. This is a very positive value and a sign of high solvency as it would only need 0.96 years to pay back of all of its debts.
  • SAP has a Debt to FCF ratio of 0.96. This is in the better half of the industry: SAP outperforms 75.90% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that SAP is not too dependend on debt financing.
  • SAP's Debt to Equity ratio of 0.13 is in line compared to the rest of the industry. SAP outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.96
Altman-Z 6.57
ROIC/WACC1.6
WACC8.38%
SAP Yearly LT Debt VS Equity VS FCFSAP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 1.17 indicates that SAP should not have too much problems paying its short term obligations.
  • SAP's Current ratio of 1.17 is on the low side compared to the rest of the industry. SAP is outperformed by 68.35% of its industry peers.
  • SAP has a Quick Ratio of 1.17. This is a normal value and indicates that SAP is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.17, SAP is doing worse than 67.63% of the companies in the same industry.
  • The current and quick ratio evaluation for SAP is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
SAP Yearly Current Assets VS Current LiabilitesSAP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 35.76% over the past year.
  • The Earnings Per Share has been growing slightly by 2.60% on average over the past years.
  • Looking at the last year, SAP shows a small growth in Revenue. The Revenue has grown by 7.67% in the last year.
  • The Revenue has been growing slightly by 6.12% on average over the past years.
EPS 1Y (TTM)35.76%
EPS 3Y14.85%
EPS 5Y2.6%
EPS Q2Q%16.55%
Revenue 1Y (TTM)7.67%
Revenue growth 3Y7.62%
Revenue growth 5Y6.12%
Sales Q2Q%3.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 18.34% on average over the next years. This is quite good.
  • SAP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.09% yearly.
EPS Next Y17.89%
EPS Next 2Y18.52%
EPS Next 3Y18.23%
EPS Next 5Y18.34%
Revenue Next Year10.48%
Revenue Next 2Y11.47%
Revenue Next 3Y13.9%
Revenue Next 5Y13.09%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SAP Yearly Revenue VS EstimatesSAP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B
SAP Yearly EPS VS EstimatesSAP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 27.89 indicates a quite expensive valuation of SAP.
  • Compared to the rest of the industry, the Price/Earnings ratio of SAP indicates a somewhat cheap valuation: SAP is cheaper than 60.07% of the companies listed in the same industry.
  • SAP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.67.
  • With a Price/Forward Earnings ratio of 23.64, SAP is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SAP indicates a somewhat cheap valuation: SAP is cheaper than 61.51% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of SAP to the average of the S&P500 Index (27.20), we can say SAP is valued inline with the index average.
Industry RankSector Rank
PE 27.89
Fwd PE 23.64
SAP Price Earnings VS Forward Price EarningsSAP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SAP indicates a somewhat cheap valuation: SAP is cheaper than 78.06% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, SAP is valued a bit cheaper than 69.06% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.75
EV/EBITDA 16.41
SAP Per share dataSAP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • SAP has an outstanding profitability rating, which may justify a higher PE ratio.
  • SAP's earnings are expected to grow with 18.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.56
PEG (5Y)10.74
EPS Next 2Y18.52%
EPS Next 3Y18.23%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • SAP has a Yearly Dividend Yield of 1.38%.
  • In the last 3 months the price of SAP has falen by -21.65%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.56, SAP pays a better dividend. On top of this SAP pays more dividend than 93.88% of the companies listed in the same industry.
  • SAP's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.38%

5.2 History

  • On average, the dividend of SAP grows each year by 8.40%, which is quite nice.
  • SAP has paid a dividend for at least 10 years, which is a reliable track record.
  • SAP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.4%
Div Incr Years2
Div Non Decr Years2
SAP Yearly Dividends per shareSAP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 37.44% of the earnings are spent on dividend by SAP. This is a low number and sustainable payout ratio.
  • SAP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP37.44%
EPS Next 2Y18.52%
EPS Next 3Y18.23%
SAP Yearly Income VS Free CF VS DividendSAP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B
SAP Dividend Payout.SAP Dividend Payout, showing the Payout Ratio.SAP Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

SAP SE-SPONSORED ADR

NYSE:SAP (2/6/2026, 1:05:08 PM)

202.47

+5.06 (+2.56%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners40.04%
Inst Owner Change0.67%
Ins Owners8.07%
Ins Owner ChangeN/A
Market Cap235.80B
Revenue(TTM)36.80B
Net Income(TTM)7.33B
Analysts77.95
Price Target304.98 (50.63%)
Short Float %0.28%
Short Ratio1.4
Dividend
Industry RankSector Rank
Dividend Yield 1.38%
Yearly Dividend2.78
Dividend Growth(5Y)8.4%
DP37.44%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.87%
Min EPS beat(2)3.69%
Max EPS beat(2)4.05%
EPS beat(4)4
Avg EPS beat(4)4.8%
Min EPS beat(4)1.63%
Max EPS beat(4)9.81%
EPS beat(8)5
Avg EPS beat(8)-1.12%
EPS beat(12)8
Avg EPS beat(12)13.78%
EPS beat(16)8
Avg EPS beat(16)6.36%
Revenue beat(2)0
Avg Revenue beat(2)-1.88%
Min Revenue beat(2)-1.96%
Max Revenue beat(2)-1.8%
Revenue beat(4)0
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-1.96%
Max Revenue beat(4)-1.6%
Revenue beat(8)1
Avg Revenue beat(8)-0.88%
Revenue beat(12)3
Avg Revenue beat(12)-0.79%
Revenue beat(16)3
Avg Revenue beat(16)-1.45%
PT rev (1m)-1.11%
PT rev (3m)-0.01%
EPS NQ rev (1m)-0.14%
EPS NQ rev (3m)1.11%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-1.71%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.05%
Valuation
Industry RankSector Rank
PE 27.89
Fwd PE 23.64
P/S 5.43
P/FCF 23.75
P/OCF 21.83
P/B 4.47
P/tB 14.85
EV/EBITDA 16.41
EPS(TTM)7.26
EY3.59%
EPS(NY)8.56
Fwd EY4.23%
FCF(TTM)8.53
FCFY4.21%
OCF(TTM)9.28
OCFY4.58%
SpS37.28
BVpS45.33
TBVpS13.63
PEG (NY)1.56
PEG (5Y)10.74
Graham Number86.06
Profitability
Industry RankSector Rank
ROA 10.41%
ROE 16.37%
ROCE 19.52%
ROIC 13.43%
ROICexc 16.45%
ROICexgc 59.21%
OM 28.17%
PM (TTM) 19.91%
GM 73.62%
FCFM 22.87%
ROA(3y)7.87%
ROA(5y)6.83%
ROE(3y)12.49%
ROE(5y)11.34%
ROIC(3y)10.61%
ROIC(5y)9.31%
ROICexc(3y)13.63%
ROICexc(5y)11.8%
ROICexgc(3y)62.47%
ROICexgc(5y)55.44%
ROCE(3y)15.47%
ROCE(5y)13.63%
ROICexgc growth 3Y5.44%
ROICexgc growth 5Y0.02%
ROICexc growth 3Y18.72%
ROICexc growth 5Y5.54%
OM growth 3Y8.24%
OM growth 5Y1.17%
PM growth 3Y37.04%
PM growth 5Y1.13%
GM growth 3Y0.25%
GM growth 5Y0.42%
F-Score9
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.96
Debt/EBITDA 0.52
Cap/Depr 56.37%
Cap/Sales 2.01%
Interest Coverage 18.06
Cash Conversion 78.41%
Profit Quality 114.88%
Current Ratio 1.17
Quick Ratio 1.17
Altman-Z 6.57
F-Score9
WACC8.38%
ROIC/WACC1.6
Cap/Depr(3y)58.6%
Cap/Depr(5y)53.4%
Cap/Sales(3y)2.29%
Cap/Sales(5y)2.54%
Profit Quality(3y)115.61%
Profit Quality(5y)131.78%
High Growth Momentum
Growth
EPS 1Y (TTM)35.76%
EPS 3Y14.85%
EPS 5Y2.6%
EPS Q2Q%16.55%
EPS Next Y17.89%
EPS Next 2Y18.52%
EPS Next 3Y18.23%
EPS Next 5Y18.34%
Revenue 1Y (TTM)7.67%
Revenue growth 3Y7.62%
Revenue growth 5Y6.12%
Sales Q2Q%3.27%
Revenue Next Year10.48%
Revenue Next 2Y11.47%
Revenue Next 3Y13.9%
Revenue Next 5Y13.09%
EBIT growth 1Y27.11%
EBIT growth 3Y16.49%
EBIT growth 5Y7.37%
EBIT Next Year28.66%
EBIT Next 3Y18.39%
EBIT Next 5Y16.94%
FCF growth 1Y90.3%
FCF growth 3Y20.83%
FCF growth 5Y5.71%
OCF growth 1Y75.4%
OCF growth 3Y17.49%
OCF growth 5Y4.94%

SAP SE-SPONSORED ADR / SAP FAQ

What is the fundamental rating for SAP stock?

ChartMill assigns a fundamental rating of 7 / 10 to SAP.


What is the valuation status for SAP stock?

ChartMill assigns a valuation rating of 4 / 10 to SAP SE-SPONSORED ADR (SAP). This can be considered as Fairly Valued.


Can you provide the profitability details for SAP SE-SPONSORED ADR?

SAP SE-SPONSORED ADR (SAP) has a profitability rating of 8 / 10.


What is the expected EPS growth for SAP SE-SPONSORED ADR (SAP) stock?

The Earnings per Share (EPS) of SAP SE-SPONSORED ADR (SAP) is expected to grow by 17.89% in the next year.


How sustainable is the dividend of SAP SE-SPONSORED ADR (SAP) stock?

The dividend rating of SAP SE-SPONSORED ADR (SAP) is 6 / 10 and the dividend payout ratio is 37.44%.