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SAP SEInforme acción NYSE:SAP

Capitalización bursátil US$204.8b
Precio de las acciones
US$173.13
US$262.85
34.1% infravalorado descuento intrínseco
1Y-41.8%
7D1.8%
Valor de la cartera
​
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SAP SE

Informe acción NYSE:SAP

Capitalización de mercado: US$204.8b

SAP (SAP) Resumen de Acciones

SAP SE, junto con sus filiales, ofrece aplicaciones empresariales y soluciones de negocio en todo el mundo. Saber más

Análisis fundamental de SAP
Puntuación del snowflake
Valoración5/6
Crecimiento futuro1/6
Rendimiento pasado5/6
Salud financiera6/6
Dividendos5/6

Recompensas

Cotiza un 32.2% por debajo de nuestra estimación de su valor justo

Se prevé un crecimiento anual de los beneficios de 15.16%

Los beneficios aumentaron un 27.6% el pasado año

Paga dividendo fiable de 1.67%

Cotiza a buen valor en comparación con empresas similares e industria

Análisis de riesgos

No se han detectado riesgos en SAP a partir de nuestros controles de riesgos.

SAP Community Fair Values

Create Narrative

See what 67 others think this stock is worth. Follow their fair value or set your own to get alerts.

Top Community Narratives

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Software opportunity
ZENA logo
ZenaTech
Fair Value from
US$6.8569.3% infravalorado descuento intrínseco

ZenaTech: A big bet on the rise of AI drones and drones-as-a-service

Key Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.

Read full narrative
Read narrative

Competidores de SAP SE

Historial de precios y rendimiento

Resumen de las cotizaciones máximas, mínimas y variaciones del SAP
Precios históricos de las acciones
Precio actual de la acción€173.13
Máximo en las últimas 52 semanas€313.28
Mínimo de 52 semanas€160.66
Beta0.71
Cambio en 1 mes1.17%
Variación en 3 meses-12.30%
Cambio de 1 año-41.77%
Variación en 3 años28.41%
Variación en 5 años27.77%
Variación desde la OPV1,299.03%

Noticias y actualizaciones recientes

Seeking Alpha • Apr 24

SAP: Finally, It's Time To Buy This Entrenched Software Giant (Upgrade)

Summary SAP SE is upgraded to Buy as cloud revenue accelerates and operational efficiency improves, despite recent share price declines. SaaSpocalypse and AI disruption fears are overblown; SAP's entrenched, mission-critical ERP systems remain indispensable to large enterprises. SAP demonstrates rising operating margins through disciplined headcount management and leverages AI internally, contrasting favorably with peers facing margin pressure. A €10 billion buyback program and a ~20x forward P/E multiple enhance SAP's value proposition, supporting potential re-rating in line with Oracle and Microsoft. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 24

SAP: Finally, It's Time To Buy This Entrenched Software Giant (Upgrade)

Summary SAP SE is upgraded to Buy as cloud revenue accelerates and operational efficiency improves, despite recent share price declines. SaaSpocalypse and AI disruption fears are overblown; SAP's entrenched, mission-critical ERP systems remain indispensable to large enterprises. SAP demonstrates rising operating margins through disciplined headcount management and leverages AI internally, contrasting favorably with peers facing margin pressure. A €10 billion buyback program and a ~20x forward P/E multiple enhance SAP's value proposition, supporting potential re-rating in line with Oracle and Microsoft. Read the full article on Seeking Alpha
Seeking Alpha • Apr 29

SAP SE Q1 2025: Solid Start, But Real Work Still Ahead

Summary SAP delivered solid Q1 results with €9.01bn revenue (+12% YoY) and cloud revenue up 27%, now over 40% of total revenue. Operating profit jumped 60% YoY due to tight cost control; management remains confident, but guidance feels conservative. Key growth drivers: S/4HANA Cloud, Business Technology Platform, and AI integration (Joule), despite competition and slow European cloud adoption. Long-term outlook strong with cloud margins improving and strategic positioning with hyperscalers; short-term hold due to potential Q2 volatility. Read the full article on Seeking Alpha
Seeking Alpha • Apr 23

SAP: Despite Strong Results, This Company Is Overvalued (Rating Upgrade)

Summary SAP extended its rally after reporting Q1 results and maintaining its full-year outlook, a port in the storm amid a very turbulent macroeconomy. SAP's consistency and its ability to maintain cloud growth rates have me more sanguine in the stock's prospects, and I'm upgrading the stock to a neutral rating. It's important to note that SAP's guidance, however, is on constant currency terms. The sharp rise in the euro will impact SAP heavily. SAP is richly valued at ~40x P/E, despite the fact that its growth profile isn't much better than similarly scaled U.S. peers (and its margin story is still playing catch-up). Read the full article on Seeking Alpha
Seeking Alpha • Jan 29

SAP: A Pullback Is Overdue

Summary SAP's stock slid after reporting Q4 results and raising its FY25 outlook, a signal that its rich valuation is starting to catch up with it. Fundamental risks include AI's impact on subscription seats, saturated markets with stiff competition, and macroeconomic challenges in Germany. SAP's workforce transformation via AI hasn't significantly reduced hiring, and its operating margin of ~26% lags behind key competitors like Salesforce and Workday. Trading at a ~40x P/E ratio, SAP sits at an undeserved valuation premium and is overdue for a correction. Read the full article on Seeking Alpha
Nuevo análisis • Jan 08

SAP's Revenue Will Soar by Over 10% as Profit Margins Improve

AI functionality is a new world
Seeking Alpha • Oct 28

SAP: This Stock Has Now Become Too Rich, Sell Now (Rating Downgrade)

Summary SAP's ~60% YTD rise has propelled it to a near-50x P/E multiple, well above most of its cloud peers. The company's ~10% total revenue growth is unimpressive for such a rich multiple, especially given the fact that its ERP is already saturated in the global market. Despite plans to "reskill" its workforce and right-size headcount over time, its recent M&A binges are also contributing to increased headcount. Given the incredibly rich valuation and the potential for macro impacts to hurt its cloud growth potential, I'd recommend selling here and investing elsewhere. Read the full article on Seeking Alpha
Seeking Alpha • Oct 22

SAP: Solid Quarter And I Remain Buy Rated Given The Positive Outlook

Summary SAP's 3Q24 results showed 10% y/y revenue growth, driven by 27% y/y cloud revenue growth and strong S/4 HANA migration traction. Management revised FY24 guidance upwards, expecting adj EBIT growth of 20-23% y/y and cloud/software revenue growth of 10-11% y/y. AI adoption is accelerating, with 20% of deals including premium AI features, enhancing SAP's cloud offerings and driving growth. Read the full article on Seeking Alpha
Seeking Alpha • Sep 27

SAP: Very Hard To Justify The Current Share Price

Summary SAP stock's stellar performance over the past year is impressive, but it does raise a few eyebrows. The company's profitability leaves a lot to be desired, especially when compared to major peers in the space. Cloud revenue growth figures could provide support for the stock over the near-term, but I expect this to be a short-lived phenomenon. Read the full article on Seeking Alpha
Seeking Alpha • Aug 15

SAP: Excellent Cloud And AI Momentum, But Strength Is Priced In

Summary Shares of SAP have surged nearly 40% this year, buoyed again by the company's strong recent Q2 results. The company accelerated total revenue growth, while also boosting its operating profit expectations for FY25. The company is utilizing AI to "reskill" its workforce, trimming down on headcount expansion without undergoing major layoffs. As of June, management has also committed to paying out at least 40% of post-tax profits as a dividend. Still, all of these strengths are already priced in, given SAP's >40x P/E ratio now sits well above most large-cap tech peers. Maintaining a neutral rating. Read the full article on Seeking Alpha
Seeking Alpha • Jul 24

SAP: Demand Backdrop Remains Solid

Summary SAP's 2Q24 results show strong revenue growth of 10% on a constant currency basis, driven by solid cloud revenue growth and AI adoption. Margins are improving with EBIT margin increasing from 19.1% to 23.4%. Target price for SAP is EUR309 based on FY26 estimates, with expectations of low-teens growth fueled by cloud revenue momentum and AI adoption. Read the full article on Seeking Alpha
Seeking Alpha • May 27

SAP: Incredible Performance, Terrible Price

Summary SAP stock has risen 30% YTD and 50% over the past year, outperforming the S&P 500 and other tech peers. Investors are enthusiastic about SAP's cloud offerings, particularly SAP Rise and SAP Grow, and its plans to transform its workforce through AI. However, with a P/E ratio of ~30x FY25 earnings, the stock is quite expensive and may not have much room for further growth. Read the full article on Seeking Alpha
Seeking Alpha • Apr 23

SAP Q1 Earnings: AI Transformation Is Well Underway

Summary SAP reported Q1 FY24 earnings in line with expectations, showing progress towards its Ambition 2025 targets. Cloud revenues and backlog continue to grow at strong rates, demonstrating the success of SAP's turnaround efforts. With no significant change in the outlook, most expectations have already been priced in, suggesting a neutral view on SAP. Read the full article on Seeking Alpha
Seeking Alpha • Mar 23

Sequoia Fund -  SAP SE: We See A Clear Path To Enhanced Profitability

Summary After following SAP for many years, we bought shares in the company in 2022. A handful of years ago, SAP set about transitioning its core ERP software product suite from one typically run by customers on their premises to a cloud version delivered directly by SAP. In 2022, slowing ERP revenue growth and mounting temporary costs related to the ERP cloud transition gave some investors pause. A year and a half later, we remain optimistic about SAP's prospects. Read the full article on Seeking Alpha
Seeking Alpha • Mar 09

SAP Is Overvalued, But Its 2024 Transformation Bodes Well For The Future

Summary SAP plans to restructure and focus on growth, particularly in business AI, affecting around 8,000 positions. The company aims to maintain a similar headcount by the end of 2024 and expects cloud revenue to increase by 24-27% for the fiscal year. SAP's cloud revenue and backlog have shown significant growth recently, but its operating profit has declined. Reskilling and restructuring are seen as important for future competitiveness. I consider the stock to be moderately overvalued at this time, and investors may find a more favorable valuation later in the year. Read the full article on Seeking Alpha

Rentabilidad de los accionistas

SAPUS SoftwareMercado US
7D1.8%3.7%3.2%
1Y-41.8%-7.9%31.0%

Rentabilidad vs. Industria: Los resultados de SAP fueron inferiores a los de la industria US Software, que obtuvo un rendimiento del -7.9% el año pasado.

Rentabilidad vs. Mercado: SAP obtuvo unos resultados inferiores a los del mercado US, que fueron del 31% el año pasado.

Volatilidad de los precios

Is SAP's price volatile compared to industry and market?
SAP volatility
SAP Average Weekly Movement5.1%
Software Industry Average Movement9.7%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Precio estable de las acciones: SAP no ha tenido una volatilidad de precios significativa en los últimos 3 meses en comparación con el mercado US.

Volatilidad a lo largo del tiempo: La volatilidad semanal de SAP (5%) se ha mantenido estable durante el año pasado.

Acerca de la empresa

FundadaEmpleadosCEOPágina web
1972111,038Christian Kleinwww.sap.com

SAP SE, junto con sus filiales, proporciona aplicaciones empresariales y soluciones de negocio en todo el mundo. Ofrece SAP Business AI; SAP S/4HANA que proporciona capacidades de software para finanzas, gestión de riesgos y proyectos, compras, fabricación, cadena de suministro y gestión de activos, e investigación y desarrollo; soluciones SAP SuccessFactors para recursos humanos, incluyendo RRHH, tiempo, nóminas, talento y gestión de la experiencia de los empleados, y análisis y planificación; y soluciones de gestión de gastos que cubren gastos directos e indirectos, viajes y gastos, y gestión de mano de obra externa. La empresa también ofrece soluciones SAP de experiencia del cliente; la plataforma SAP Business Technology, que permite a clientes y partners crear, integrar y automatizar aplicaciones; y SAP Business Network, una plataforma de colaboración entre empresas que ayuda a digitalizar procesos empresariales clave en toda la cadena de suministro y permite la comunicación entre socios comerciales.

Resumen de fundamentos de SAP SE

¿Cómo se comparan los beneficios e ingresos de SAP con su capitalización de mercado?
Estadísticas fundamentales de SAP
Capitalización bursátilUS$204.84b
Beneficios(TTM)US$8.59b
Ingresos (TTM)US$43.87b
23.8x
Ratio precio-beneficio (PE)
4.7x
Ratio precio-ventas (PS)

¿Está SAP sobrevalorada?

Ver valor justo y análisis de valoración

Beneficios e Ingresos

Estadísticas clave de rentabilidad del último informe de resultados (TTM)
Cuenta de resultados (TTM) de SAP
Ingresos€37.34b
Coste de los ingresos€9.81b
Beneficio bruto€27.53b
Otros gastos€20.22b
Beneficios€7.31b

Últimos beneficios comunicados

Mar 31, 2026

Próxima fecha de beneficios

Jul 23, 2026

Beneficios por acción (BPA)6.26
Margen bruto73.72%
Margen de beneficio neto19.58%
Ratio deuda/patrimonio17.3%

¿Cómo se ha desempeñado SAP a largo plazo?

Ver rendimiento histórico y comparativa

Dividendos

1.7%
Rentabilidad actual por dividendo
40%
Ratio de pagos
¿Cuándo hay que comprar SAP para recibir un próximo dividendo?
fechas de dividendos de SAP
Fecha ex dividendoMay 05 2026
Fecha de pago de dividendosMay 15 2026
Días hasta ex dividendo2 days
Días hasta la fecha de pago de dividendos8 days

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2026/05/06 08:05
Precio de las acciones al final del día2026/05/06 00:00
Beneficios2026/03/31
Ingresos anuales2025/12/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

SAP SE está cubierta por 65 analistas. 21 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Knut WollerBaader Helvea Equity Research