SAP SE (1SAP.MI) Stock Fundamental Analysis

BIT:1SAP • DE0007164600

171.3 EUR
-0.6 (-0.35%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to 1SAP. 1SAP was compared to 112 industry peers in the Software industry. Both the health and profitability get an excellent rating, making 1SAP a very profitable company, without any liquidiy or solvency issues. 1SAP has a correct valuation and a medium growth rate. These ratings would make 1SAP suitable for quality investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year 1SAP was profitable.
  • In the past year 1SAP had a positive cash flow from operations.
  • 1SAP had positive earnings in each of the past 5 years.
  • 1SAP had a positive operating cash flow in each of the past 5 years.
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

  • 1SAP's Return On Assets of 10.41% is fine compared to the rest of the industry. 1SAP outperforms 76.79% of its industry peers.
  • 1SAP has a better Return On Equity (16.37%) than 67.86% of its industry peers.
  • With an excellent Return On Invested Capital value of 13.43%, 1SAP belongs to the best of the industry, outperforming 80.36% of the companies in the same industry.
  • 1SAP had an Average Return On Invested Capital over the past 3 years of 10.61%. This is below the industry average of 12.70%.
  • The 3 year average ROIC (10.61%) for 1SAP is below the current ROIC(13.43%), indicating increased profibility in the last year.
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

  • Looking at the Profit Margin, with a value of 19.91%, 1SAP is in the better half of the industry, outperforming 77.68% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1SAP has remained more or less at the same level.
  • With an excellent Operating Margin value of 28.17%, 1SAP belongs to the best of the industry, outperforming 84.82% of the companies in the same industry.
  • 1SAP's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 73.62%, 1SAP is in line with its industry, outperforming 50.89% of the companies in the same industry.
  • 1SAP'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%
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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7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 1SAP is still creating some value.
  • Compared to 1 year ago, 1SAP has about the same amount of shares outstanding.
  • The number of shares outstanding for 1SAP has been reduced compared to 5 years ago.
  • 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

  • An Altman-Z score of 6.70 indicates that 1SAP is not in any danger for bankruptcy at the moment.
  • 1SAP's Altman-Z score of 6.70 is amongst the best of the industry. 1SAP outperforms 85.71% 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.
  • 1SAP's Debt to FCF ratio of 0.96 is fine compared to the rest of the industry. 1SAP outperforms 76.79% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that 1SAP is not too dependend on debt financing.
  • The Debt to Equity ratio of 1SAP (0.13) is better than 65.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.96
Altman-Z 6.7
ROIC/WACC1.77
WACC7.59%
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

  • 1SAP has a Current 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 Current ratio of 1.17. This is in the lower half of the industry: 1SAP underperforms 61.61% 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 Quick ratio of 1.17. This is comparable to the rest of the industry: 1SAP outperforms 41.07% 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

  • 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.
  • 1SAP shows a small growth in Revenue. In the last year, the Revenue has grown by 7.67%.
  • 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.
  • 1SAP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.18% yearly.
EPS Next Y17.89%
EPS Next 2Y18.52%
EPS Next 3Y18.23%
EPS Next 5Y18.34%
Revenue Next Year8.93%
Revenue Next 2Y10.49%
Revenue Next 3Y10.89%
Revenue Next 5Y13.18%

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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4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 27.85 indicates a quite expensive valuation of 1SAP.
  • The rest of the industry has a similar Price/Earnings ratio as 1SAP.
  • 1SAP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.10, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 23.63 indicates a rather expensive valuation of 1SAP.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1SAP is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. 1SAP is around the same levels.
Industry RankSector Rank
PE 27.85
Fwd PE 23.63
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

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1SAP is on the same level as its industry peers.
  • 65.18% 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 23.7
EV/EBITDA 16.87
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

  • The 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.
  • A more expensive valuation may be justified as 1SAP's earnings are expected to grow with 18.23% in the coming years.
PEG (NY)1.56
PEG (5Y)10.72
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

  • With a Yearly Dividend Yield of 1.36%, 1SAP has a reasonable but not impressive dividend return.
  • The stock price of 1SAP dropped by -28.98% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 0.73, 1SAP pays a better dividend. On top of this 1SAP pays more dividend than 83.04% of the companies listed in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.80, 1SAP is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.36%

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.
  • 1SAP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP37.44%
EPS Next 2Y18.52%
EPS Next 3Y18.23%
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 (2/27/2026, 7:00:00 PM)

171.3

-0.6 (-0.35%)

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 Cap199.50B
Revenue(TTM)36.80B
Net Income(TTM)7.33B
Analysts77.07
Price Target250.88 (46.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.36%
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)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)-11.16%
PT rev (3m)-12.52%
EPS NQ rev (1m)2.19%
EPS NQ rev (3m)3.7%
EPS NY rev (1m)0%
EPS NY rev (3m)0.3%
Revenue NQ rev (1m)-1.76%
Revenue NQ rev (3m)-2.41%
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-2.2%
Valuation
Industry RankSector Rank
PE 27.85
Fwd PE 23.63
P/S 5.42
P/FCF 23.7
P/OCF 21.79
P/B 4.46
P/tB 14.83
EV/EBITDA 16.87
EPS(TTM)6.15
EY3.59%
EPS(NY)7.25
Fwd EY4.23%
FCF(TTM)7.23
FCFY4.22%
OCF(TTM)7.86
OCFY4.59%
SpS31.6
BVpS38.43
TBVpS11.55
PEG (NY)1.56
PEG (5Y)10.72
Graham Number72.92
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 6.7
F-Score9
WACC7.59%
ROIC/WACC1.77
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 Year8.93%
Revenue Next 2Y10.49%
Revenue Next 3Y10.89%
Revenue Next 5Y13.18%
EBIT growth 1Y27.11%
EBIT growth 3Y16.49%
EBIT growth 5Y7.37%
EBIT Next Year28.66%
EBIT Next 3Y18.39%
EBIT Next 5Y17.07%
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 7 / 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%.