SAP SE (1SAP.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:1SAP • DE0007164600

170 EUR
-0.14 (-0.08%)
Last: Feb 10, 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 122 industry peers in the Software industry. 1SAP scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 1SAP has a decent growth rate and is not valued too expensively. These ratings could make 1SAP a good candidate for quality investing.


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.
  • In the past 5 years 1SAP has always been profitable.
  • 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 has a Return On Assets of 10.41%. This is in the better half of the industry: 1SAP outperforms 76.23% of its industry peers.
  • The Return On Equity of 1SAP (16.37%) is better than 67.21% of its industry peers.
  • 1SAP has a Return On Invested Capital of 13.43%. This is amongst the best in the industry. 1SAP outperforms 80.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for 1SAP is below the industry average of 13.45%.
  • 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

  • 1SAP's Profit Margin of 19.91% is fine compared to the rest of the industry. 1SAP outperforms 74.59% 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's Operating Margin of 28.17% is amongst the best of the industry. 1SAP outperforms 84.43% of its industry peers.
  • 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 51.64% 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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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 1SAP is still creating some value.
  • 1SAP has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for 1SAP has been reduced compared to 5 years ago.
  • Compared to 1 year ago, 1SAP has an improved debt to assets ratio.
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 6.65 indicates that 1SAP is not in any danger for bankruptcy at the moment.
  • 1SAP has a Altman-Z score of 6.65. This is amongst the best in the industry. 1SAP outperforms 81.15% 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 78.69% of the companies in the same industry.
  • 1SAP has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
  • 1SAP has a Debt to Equity ratio of 0.13. This is in the better half of the industry: 1SAP outperforms 68.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.96
Altman-Z 6.65
ROIC/WACC1.59
WACC8.46%
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.
  • Looking at the Current ratio, with a value of 1.17, 1SAP is doing worse than 60.66% of the companies in the same industry.
  • A Quick Ratio of 1.17 indicates that 1SAP should not have too much problems paying its short term obligations.
  • 1SAP has a Quick ratio (1.17) which is comparable to the rest of the industry.
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.
  • Measured over the past 5 years, 1SAP shows a small growth in Earnings Per Share. The EPS has been growing by 2.60% on average per year.
  • 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)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

  • 1SAP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.34% yearly.
  • The Revenue is expected to grow by 13.09% on average over the next years. This is quite good.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 27.64.
  • 60.66% of the companies in the same industry are more expensive than 1SAP, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 28.03, 1SAP is valued at the same level.
  • The Price/Forward Earnings ratio is 23.45, which indicates a rather expensive current 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.
  • 1SAP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.97.
Industry RankSector Rank
PE 27.64
Fwd PE 23.45
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 indicates a somewhat cheap valuation: 1SAP is cheaper than 60.66% of the companies listed in the same industry.
  • 1SAP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1SAP is cheaper than 66.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.52
EV/EBITDA 16.68
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.
  • A more expensive valuation may be justified as 1SAP's earnings are expected to grow with 18.23% in the coming years.
PEG (NY)1.54
PEG (5Y)10.64
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 1.38%, 1SAP has a reasonable but not impressive dividend return.
  • In the last 3 months the price of 1SAP has falen by -26.88%. 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 0.67, 1SAP pays a better dividend. On top of this 1SAP pays more dividend than 84.43% 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 1.38%

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

  • 37.44% of the earnings are spent on dividend by 1SAP. This is a low number and 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 (2/10/2026, 7:00:00 PM)

170

-0.14 (-0.08%)

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 Cap197.98B
Revenue(TTM)36.80B
Net Income(TTM)7.33B
Analysts77.95
Price Target257.25 (51.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.38%
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)-12.65%
PT rev (3m)-12.35%
EPS NQ rev (1m)2.49%
EPS NQ rev (3m)4.16%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)0.3%
Revenue NQ rev (1m)-1.74%
Revenue NQ rev (3m)-2.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE 27.64
Fwd PE 23.45
P/S 5.38
P/FCF 23.52
P/OCF 21.62
P/B 4.42
P/tB 14.71
EV/EBITDA 16.68
EPS(TTM)6.15
EY3.62%
EPS(NY)7.25
Fwd EY4.27%
FCF(TTM)7.23
FCFY4.25%
OCF(TTM)7.86
OCFY4.62%
SpS31.6
BVpS38.43
TBVpS11.55
PEG (NY)1.54
PEG (5Y)10.64
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 6.65
F-Score9
WACC8.46%
ROIC/WACC1.59
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 / 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%.