SAP SE (1SAP.MI) Fundamental Analysis & Valuation

BIT:1SAP • DE0007164600

Current stock price

142.78 EUR
-4.14 (-2.82%)
Last:

This 1SAP.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. 1SAP.MI Profitability Analysis

1.1 Basic Checks

  • 1SAP had positive earnings in the past year.
  • In the past year 1SAP had a positive cash flow from operations.
  • Each year in the past 5 years 1SAP has 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

  • With a decent Return On Assets value of 10.41%, 1SAP is doing good in the industry, outperforming 78.76% of the companies in the same industry.
  • With a decent Return On Equity value of 16.37%, 1SAP is doing good in the industry, outperforming 69.91% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 13.43%, 1SAP belongs to the top of the industry, outperforming 80.53% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1SAP is below the industry average of 13.19%.
  • 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

  • 1SAP has a better Profit Margin (19.91%) than 81.42% of its industry peers.
  • 1SAP's Profit Margin has been stable in the last couple of years.
  • 1SAP's Operating Margin of 28.17% is amongst the best of the industry. 1SAP outperforms 84.07% of its industry peers.
  • In the last couple of years the Operating Margin of 1SAP has remained more or less at the same level.
  • 1SAP has a Gross Margin (73.62%) which is comparable to the rest of the industry.
  • 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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6

2. 1SAP.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1SAP is creating some value.
  • 1SAP has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, 1SAP has less shares outstanding
  • 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

  • 1SAP has an Altman-Z score of 5.90. This indicates that 1SAP is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 5.90, 1SAP belongs to the best of the industry, outperforming 84.07% of the companies in the same industry.
  • The Debt to FCF ratio of 1SAP is 0.96, which is an excellent value as it means it would take 1SAP, only 0.96 years of fcf income to pay off all of its debts.
  • 1SAP's Debt to FCF ratio of 0.96 is fine compared to the rest of the industry. 1SAP outperforms 78.76% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that 1SAP is not too dependend on debt financing.
  • 1SAP's Debt to Equity ratio of 0.13 is fine compared to the rest of the industry. 1SAP outperforms 67.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.96
Altman-Z 5.9
ROIC/WACC1.79
WACC7.52%
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 worse Current ratio (1.17) than 63.72% 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.
  • Looking at the Quick ratio, with a value of 1.17, 1SAP is doing worse than 61.06% of the companies in the same 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. 1SAP.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 35.76% over the past year.
  • 1SAP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.60% yearly.
  • 1SAP shows a small growth in Revenue. In the last year, the Revenue has grown by 7.67%.
  • 1SAP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.12% yearly.
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.
  • Based on estimates for the next years, 1SAP will show a quite strong growth in Revenue. The Revenue will grow by 13.18% on average per year.
EPS Next Y18.8%
EPS Next 2Y17.92%
EPS Next 3Y16.97%
EPS Next 5Y18.34%
Revenue Next Year8.93%
Revenue Next 2Y10.49%
Revenue Next 3Y10.89%
Revenue Next 5Y13.18%

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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5

4. 1SAP.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.22, the valuation of 1SAP can be described as rather expensive.
  • Based on the Price/Earnings ratio, 1SAP is valued a bit cheaper than 72.57% of the companies in the same industry.
  • 1SAP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.58, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 19.54, which indicates a rather expensive current valuation of 1SAP.
  • 1SAP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. 1SAP is cheaper than 63.72% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.81, 1SAP is valued at the same level.
Industry RankSector Rank
PE 23.22
Fwd PE 19.54
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

4.2 Price Multiples

  • 1SAP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 1SAP is cheaper than 63.72% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1SAP is valued a bit cheaper than the industry average as 71.68% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.76
EV/EBITDA 13.96
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.
  • 1SAP has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as 1SAP's earnings are expected to grow with 16.97% in the coming years.
PEG (NY)1.24
PEG (5Y)8.94
EPS Next 2Y17.92%
EPS Next 3Y16.97%

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7

5. 1SAP.MI Dividend Analysis

5.1 Amount

  • 1SAP has a Yearly Dividend Yield of 1.56%. Purely for dividend investing, there may be better candidates out there.
  • In the last 3 months the price of 1SAP has falen by -30.45%. 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 0.83, 1SAP pays a better dividend. On top of this 1SAP pays more dividend than 83.19% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, 1SAP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.56%

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 2Y17.92%
EPS Next 3Y16.97%
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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1SAP.MI Fundamentals: All Metrics, Ratios and Statistics

SAP SE

BIT:1SAP (3/27/2026, 7:00:00 PM)

142.78

-4.14 (-2.82%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners40.01%
Inst Owner ChangeN/A
Ins Owners8.07%
Ins Owner ChangeN/A
Market Cap166.28B
Revenue(TTM)36.80B
Net Income(TTM)7.33B
Analysts77.56
Price Target250.88 (75.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.56%
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)-2.48%
PT rev (3m)-14.81%
EPS NQ rev (1m)-0.18%
EPS NQ rev (3m)1.81%
EPS NY rev (1m)0.77%
EPS NY rev (3m)1.07%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-1.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.19%
Valuation
Industry RankSector Rank
PE 23.22
Fwd PE 19.54
P/S 4.52
P/FCF 19.76
P/OCF 18.16
P/B 3.72
P/tB 12.36
EV/EBITDA 13.96
EPS(TTM)6.15
EY4.31%
EPS(NY)7.31
Fwd EY5.12%
FCF(TTM)7.23
FCFY5.06%
OCF(TTM)7.86
OCFY5.51%
SpS31.6
BVpS38.43
TBVpS11.55
PEG (NY)1.24
PEG (5Y)8.94
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 5.9
F-Score9
WACC7.52%
ROIC/WACC1.79
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 Y18.8%
EPS Next 2Y17.92%
EPS Next 3Y16.97%
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 Year29.34%
EBIT Next 3Y19.55%
EBIT Next 5Y17.76%
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 Fundamental Analysis 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 5 / 10 to SAP SE (1SAP.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for SAP SE?

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.


Is the dividend of SAP SE sustainable?

The dividend rating of SAP SE (1SAP.MI) is 7 / 10 and the dividend payout ratio is 37.44%.