SAP SE (1SAP.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:1SAP • DE0007164600

170.14 EUR
+2.66 (+1.59%)
Last: Feb 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

1SAP gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 115 industry peers in the Software industry. 1SAP scores excellent on profitability, but there are some minor concerns on its financial health. 1SAP is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • 1SAP had positive earnings in the past year.
  • 1SAP had a positive operating cash flow in the past year.
  • Each year in the past 5 years 1SAP has been profitable.
  • Each year in the past 5 years 1SAP had a positive operating cash flow.
1SAP.MI Yearly Net Income VS EBIT VS OCF VS FCF1SAP.MI 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

  • With a decent Return On Assets value of 10.41%, 1SAP is doing good in the industry, outperforming 75.65% of the companies in the same industry.
  • The Return On Equity of 1SAP (16.37%) is better than 67.83% of its industry peers.
  • 1SAP has a Return On Invested Capital of 13.43%. This is amongst the best in the industry. 1SAP outperforms 81.74% of its industry peers.
  • 1SAP had an Average Return On Invested Capital over the past 3 years of 10.61%. This is below the industry average of 13.06%.
  • The last Return On Invested Capital (13.43%) for 1SAP 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%
1SAP.MI Yearly ROA, ROE, ROIC1SAP.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of 1SAP (19.91%) is better than 74.78% of its industry peers.
  • In the last couple of years the Profit Margin of 1SAP has remained more or less at the same level.
  • 1SAP has a better Operating Margin (28.17%) than 85.22% of its industry peers.
  • 1SAP's Operating Margin has been stable in the last couple of years.
  • 1SAP has a Gross Margin (73.62%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of 1SAP has remained more or less at the same level.
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%
1SAP.MI Yearly Profit, Operating, Gross Margins1SAP.MI 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

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1SAP is creating some value.
  • Compared to 1 year ago, 1SAP has about the same amount of shares outstanding.
  • Compared to 5 years ago, 1SAP has less shares outstanding
  • The debt/assets ratio for 1SAP has been reduced compared to a year ago.
1SAP.MI Yearly Shares Outstanding1SAP.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
1SAP.MI Yearly Total Debt VS Total Assets1SAP.MI 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

  • 1SAP has an Altman-Z score of 6.65. This indicates that 1SAP is financially healthy and has little risk of bankruptcy at the moment.
  • 1SAP has a better Altman-Z score (6.65) than 80.87% of its industry peers.
  • 1SAP 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.
  • With a decent Debt to FCF ratio value of 0.96, 1SAP is doing good in the industry, outperforming 77.39% of the companies in the same industry.
  • A Debt/Equity ratio of 0.13 indicates that 1SAP is not too dependend on debt financing.
  • 1SAP has a better Debt to Equity ratio (0.13) than 68.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.96
Altman-Z 6.65
ROIC/WACC1.61
WACC8.34%
1SAP.MI Yearly LT Debt VS Equity VS FCF1SAP.MI 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 1SAP should not have too much problems paying its short term obligations.
  • The Current ratio of 1SAP (1.17) is worse than 62.61% of its industry peers.
  • 1SAP has a Quick Ratio of 1.17. This is a normal value and indicates that 1SAP is financially healthy and should not expect problems in meeting its short term obligations.
  • 1SAP has a worse Quick ratio (1.17) than 60.87% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
1SAP.MI Yearly Current Assets VS Current Liabilites1SAP.MI 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

  • 1SAP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.94%, which is quite impressive.
  • 1SAP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.47% yearly.
  • The Revenue has been growing slightly by 7.67% in the past year.
  • Measured over the past years, 1SAP shows a small growth in Revenue. The Revenue has been growing by 6.12% on average per year.
EPS 1Y (TTM)34.94%
EPS 3Y14.61%
EPS 5Y2.47%
EPS Q2Q%13.86%
Revenue 1Y (TTM)7.67%
Revenue growth 3Y7.62%
Revenue growth 5Y6.12%
Sales Q2Q%0.58%

3.2 Future

  • 1SAP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.48% yearly.
  • 1SAP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.09% yearly.
EPS Next Y18.61%
EPS Next 2Y18.88%
EPS Next 3Y18.47%
EPS Next 5Y18.48%
Revenue Next Year10.48%
Revenue Next 2Y11.47%
Revenue Next 3Y13.9%
Revenue Next 5Y13.09%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
1SAP.MI Yearly Revenue VS Estimates1SAP.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B
1SAP.MI Yearly EPS VS Estimates1SAP.MI 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

4

4. Valuation

4.1 Price/Earnings Ratio

  • 1SAP is valuated quite expensively with a Price/Earnings ratio of 27.85.
  • Based on the Price/Earnings ratio, 1SAP is valued a bit cheaper than the industry average as 61.74% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of 1SAP to the average of the S&P500 Index (27.92), we can say 1SAP is valued inline with the index average.
  • A Price/Forward Earnings ratio of 23.47 indicates a rather expensive valuation of 1SAP.
  • 1SAP's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of 1SAP to the average of the S&P500 Index (27.78), we can say 1SAP is valued inline with the index average.
Industry RankSector Rank
PE 27.85
Fwd PE 23.47
1SAP.MI Price Earnings VS Forward Price Earnings1SAP.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 1SAP's Enterprise Value to EBITDA is on the same level as the industry average.
  • 67.83% of the companies in the same industry are more expensive than 1SAP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 23.54
EV/EBITDA 16.69
1SAP.MI Per share data1SAP.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • 1SAP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of 1SAP may justify a higher PE ratio.
  • 1SAP's earnings are expected to grow with 18.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.5
PEG (5Y)11.26
EPS Next 2Y18.88%
EPS Next 3Y18.47%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.43%, 1SAP has a reasonable but not impressive dividend return.
  • In the last 3 months the price of 1SAP has falen by -25.34%. 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 0.64, 1SAP pays a better dividend. On top of this 1SAP pays more dividend than 86.09% of the companies listed in the same industry.
  • 1SAP's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.43%

5.2 History

  • On average, the dividend of 1SAP grows each year by 8.40%, which is quite nice.
Dividend Growth(5Y)8.4%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 1SAP pays out 37.44% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of 1SAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP37.44%
EPS Next 2Y18.88%
EPS Next 3Y18.47%
1SAP.MI Yearly Income VS Free CF VS Dividend1SAP.MI 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
1SAP.MI Dividend Payout.1SAP.MI Dividend Payout, showing the Payout Ratio.1SAP.MI Dividend Payout.PayoutRetained Earnings

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SAP SE

BIT:1SAP (2/5/2026, 7:00:00 PM)

170.14

+2.66 (+1.59%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners40.04%
Inst Owner ChangeN/A
Ins Owners8.07%
Ins Owner ChangeN/A
Market Cap198.15B
Revenue(TTM)36.80B
Net Income(TTM)7.33B
Analysts77.95
Price Target289.58 (70.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.43%
Yearly Dividend2.35
Dividend Growth(5Y)8.4%
DP37.44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.77%
Min EPS beat(2)1.49%
Max EPS beat(2)4.05%
EPS beat(4)4
Avg EPS beat(4)4.25%
Min EPS beat(4)1.49%
Max EPS beat(4)9.81%
EPS beat(8)5
Avg EPS beat(8)-1.4%
EPS beat(12)8
Avg EPS beat(12)13.59%
EPS beat(16)8
Avg EPS beat(16)6.23%
Revenue beat(2)0
Avg Revenue beat(2)-3.14%
Min Revenue beat(2)-4.48%
Max Revenue beat(2)-1.8%
Revenue beat(4)0
Avg Revenue beat(4)-2.4%
Min Revenue beat(4)-4.48%
Max Revenue beat(4)-1.6%
Revenue beat(8)1
Avg Revenue beat(8)-1.19%
Revenue beat(12)3
Avg Revenue beat(12)-1%
Revenue beat(16)3
Avg Revenue beat(16)-1.61%
PT rev (1m)-1.68%
PT rev (3m)-1.34%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)1.48%
EPS NY rev (1m)0.3%
EPS NY rev (3m)-1.34%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)-0.36%
Revenue NY rev (3m)-1.05%
Valuation
Industry RankSector Rank
PE 27.85
Fwd PE 23.47
P/S 5.38
P/FCF 23.54
P/OCF 21.64
P/B 4.43
P/tB 14.73
EV/EBITDA 16.69
EPS(TTM)6.11
EY3.59%
EPS(NY)7.25
Fwd EY4.26%
FCF(TTM)7.23
FCFY4.25%
OCF(TTM)7.86
OCFY4.62%
SpS31.6
BVpS38.43
TBVpS11.55
PEG (NY)1.5
PEG (5Y)11.26
Graham Number72.68
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 6.65
F-Score9
WACC8.34%
ROIC/WACC1.61
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)34.94%
EPS 3Y14.61%
EPS 5Y2.47%
EPS Q2Q%13.86%
EPS Next Y18.61%
EPS Next 2Y18.88%
EPS Next 3Y18.47%
EPS Next 5Y18.48%
Revenue 1Y (TTM)7.67%
Revenue growth 3Y7.62%
Revenue growth 5Y6.12%
Sales Q2Q%0.58%
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 / 1SAP.MI FAQ

What is the ChartMill fundamental rating of SAP SE (1SAP.MI) stock?

ChartMill assigns a fundamental rating of 6 / 10 to 1SAP.MI.


Can you provide the valuation status for SAP SE?

ChartMill assigns a valuation rating of 4 / 10 to SAP SE (1SAP.MI). This can be considered as Fairly Valued.


How profitable is SAP SE (1SAP.MI) stock?

SAP SE (1SAP.MI) has a profitability rating of 7 / 10.


Can you provide the financial health for 1SAP stock?

The financial health rating of SAP SE (1SAP.MI) is 6 / 10.


Can you provide the dividend sustainability for 1SAP stock?

The dividend rating of SAP SE (1SAP.MI) is 6 / 10 and the dividend payout ratio is 37.44%.