SAP SE

XTRA:SAP Rapport sur les actions

Capitalisation boursière : €180.9b

SAP Croissance future

Future contrôle des critères 2/6

SAP devrait augmenter ses bénéfices et son chiffre d'affaires de 14.9% et de 10.2% par an respectivement. Le BPA devrait croître de de 14.4% par an. Le rendement des capitaux propres devrait être 19.7% dans 3 ans.

Informations clés

14.9%

Taux de croissance des bénéfices

14.43%

Taux de croissance du BPA

Software croissance des bénéfices16.0%
Taux de croissance des recettes10.2%
Rendement futur des capitaux propres19.68%
Couverture par les analystes

Good

Dernière mise à jour29 May 2026

Mises à jour récentes de la croissance future

Article d’analyse • Jul 25

SAP SE Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Last week, you might have seen that SAP SE ( ETR:SAP ) released its quarterly result to the market. The early response...

Recent updates

Mise à jour du récit • May 19

SAP: AI Adoption And Cloud Execution Will Drive Upside From Cautious Sentiment

Analysts have trimmed SAP's implied fair value to about €280 from roughly €281, reflecting a mix of modestly higher revenue growth and P/E assumptions, slightly lower profit margin expectations, and a series of recent price target cuts on the stock. Analyst Commentary Recent Street research on SAP has featured a mix of price target cuts, modest upward adjustments, and several rating changes, reflecting differing views on how the company is executing against its AI and cloud ambitions.
Mise à jour du récit • May 04

SAP: Cloud And AI Execution Will Shape Recovery From Mixed Street Sentiment

Analyst price targets for SAP have been adjusted to €280.93 from €290.00, reflecting mixed recent Street research in which several firms trimmed targets while others raised or upgraded them based on differing views around growth, margins and appropriate P/E levels. Analyst Commentary Recent Street research on SAP presents a split view, with several firms trimming price targets or downgrading ratings while others highlight reasons to stay constructive.
Nouveau récit • Apr 23

SAP SE (SAP): The Cloud Transition and the Business AI Surge

SAP SE (SAP) , the cornerstone of European enterprise software and Germany’s most valuable technology company, enters Thursday, April 23, 2026 , following its Q1 2026 earnings release earlier this morning. The company delivered a resilient performance in its home currency, reporting total revenue of €9.56 billion , a 6% year-over-year increase (and 12% at constant currencies ).
Mise à jour du récit • Apr 19

SAP: Cloud Execution And AI Resilience May Support Trough-Level Rebound

The analyst price target for SAP has been revised from about €314 to €290, as analysts lower valuation multiples such as the future P/E to €32.49 and adjust discount rate assumptions, while still reflecting slightly higher revenue growth and profit margin expectations in their models. Analyst Commentary Recent Street research on SAP shows a mix of lower price targets and rating changes, but the tone is not uniformly negative.
Mise à jour du récit • Apr 05

SAP: Cloud Execution And AI Resilience Will Support Future Upside

The analyst price target for SAP has been reduced in line with recent Street moves that lowered targets into the €225 to €290 range, as analysts factor in updated fair value assumptions, a revised future P/E of about 29.5x, and ongoing debates around growth and AI disruption risk. Analyst Commentary Recent Street research on SAP reflects a mix of optimism and caution, with several firms adjusting price targets and, in a few cases, ratings.
Mise à jour du récit • Mar 21

SAP: Cloud Transition Execution And AI Resilience Will Drive Future Returns

The analyst fair value estimate for SAP has been reset from €222.94 to €178.44 as analysts trim price targets and assume a lower future P/E and revenue growth, while still highlighting resilience to AI disruption and steady margin expectations. Analyst Commentary Recent Street research on SAP shows a cluster of reduced price targets alongside a few more positive rating actions, which together feed into a more restrained view of upside.
Mise à jour du récit • Mar 07

SAP: Cloud Conversion And AI Execution Will Drive Future Upside

The updated analyst price target for SAP moves lower to about €250 from roughly €282, as analysts factor in more moderate revenue growth assumptions, a slightly higher discount rate and a lower future P/E multiple, even as margin expectations edge higher and several firms trim price targets despite generally constructive ratings. Analyst Commentary Recent Street research on SAP shows a mix of optimism and caution, with several firms adjusting ratings and price targets while keeping a generally constructive stance on the equity story.
Mise à jour du récit • Feb 20

SAP: AI And Cloud Progress May Support Trough-Level Rebound Ahead

Our updated analyst price target for SAP edges slightly lower by about €1 to €314. This reflects recent recalibrations from banks that cut their targets in Europe and the US while still highlighting solid long term fundamentals in revenue growth, profitability and P/E assumptions.
Mise à jour du récit • Feb 06

SAP: When Expectations Collide with Transformation

SAP: When Expectations Collide with Transformation Over the past days, SAP’s share price fell sharply—roughly 14% within a single week. At first glance, such a move suggests something has fundamentally gone wrong.
Mise à jour du récit • Feb 06

SAP: AI And Cloud Execution May Support Trough-Level Rebound Potential

Our analyst fair value estimate for SAP has been adjusted from €330.00 to €315.00 as analysts update their assumptions around growth, margins and discount rates, reflecting a wave of recent target cuts and mixed rating changes across major banks and brokers. Analyst Commentary Street research around SAP has been mixed, with several price target cuts sitting alongside fresh upgrades and more constructive valuation comments.
Mise à jour du récit • Jan 23

SAP: AI Partnerships And BlackLine Option May Support Future Upside

SAP's analyst fair value estimate has shifted from €345.00 to €330.00, as analysts adjust their targets in line with recent Street research that includes a lower Morgan Stanley price target, a higher JPMorgan target, and commentary suggesting a potential valuation trough. Analyst Commentary Recent Street research around SAP highlights a mix of caution and optimism, with more positive analysts pointing to potential upside in the shares despite adjustments to individual price targets.
Mise à jour du récit • Jan 08

SAP: Cloud Conversion And EU AI Cloud Will Drive Future Upside

SAP's updated fair value estimate edges down to about $282.05 from $286.75, even as analysts raise price targets into a €310 to $348 range. This reflects mixed views that balance more cautious revenue assumptions with confidence in the company's cloud pipeline and long term positioning.
Article d’analyse • Dec 30

A Look At The Intrinsic Value Of SAP SE (ETR:SAP)

Key Insights SAP's estimated fair value is €252 based on 2 Stage Free Cash Flow to Equity Current share price of €208...
Mise à jour du récit • Dec 21

SAP Cloud Transition And Legal Overhangs Are Expected To Shape Returns

Analysts have modestly lifted their price target for SAP, raising fair value to approximately $223 from about $217, as they factor in stronger expected revenue growth and higher future earnings multiples despite slightly lower margin assumptions. This view is supported by a series of recent Overweight and Outperform ratings along with upward target revisions.
Mise à jour du récit • Dec 07

SAP: Cloud Conversion And BlackLine M&A Optionality Will Drive Future Upside

The analyst price target for SAP has inched lower by approximately $1 to about $287 per share, as analysts balance slightly higher discount rates and modestly trimmed valuation multiples against still constructive views on the company’s cloud driven growth trajectory and resilient long term positioning highlighted in recent research. Analyst Commentary Recent Street research reflects a predominantly constructive stance on SAP, with several upward price target revisions offset by a modest reduction from one firm.
Mise à jour du récit • Nov 23

SAP: Ongoing Cloud Momentum And M&A Activity Will Drive Future Outperformance

Analysts have slightly adjusted SAP's price target downward to $287.58, reflecting marginal changes in financial forecasts. Recent research highlights ongoing resilience in the cloud business and a positive outlook despite conservative guidance.
Mise à jour du récit • Nov 09

SAP: Cloud Transition And New Deal Activity Will Drive Durable Long-Term Gains

SAP's fair value price target was raised slightly from €288.14 to €288.67. Analysts point to resilient earnings visibility and ongoing cloud growth potential, despite mixed revenue guidance.
Mise à jour du récit • Oct 26

Cloud Conversion And AI Integration Will Drive Market Confidence Amid Regulatory Risks

The analyst price target for SAP has been increased slightly from $287.60 to $288.14. Analysts cite improved revenue growth expectations and resilience in the company's cloud business, despite some caution around near-term guidance.
Mise à jour du récit • Oct 12

AI Integration And Cloud Migration Will Unlock Future Opportunity

SAP's analyst price target has edged down from €291.91 to €287.60, as analysts cite a combination of modestly reduced revenue growth expectations and sustained profit margins. This comes amid a resilient but cautious outlook for the business.
Mise à jour du récit • Aug 27

AI Integration And Cloud Migration Will Unlock Future Opportunity

Analysts raised SAP’s price target slightly to €290.95, citing robust Q2 results and confidence in its cloud transition, though concerns persist over macroeconomic risks and valuation. Analyst Commentary Bullish analysts highlight robust Q2 results with 12% revenue growth and a 34% increase in operating profit as key drivers for raising price targets.
Article d’analyse • Aug 07

Should You Investigate SAP SE (ETR:SAP) At €249?

XTRA:SAP 1 Year Share Price vs Fair Value Explore SAP's Fair Values from the Community and select yours Today we're...
Article d’analyse • Jul 25

SAP SE Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Last week, you might have seen that SAP SE ( ETR:SAP ) released its quarterly result to the market. The early response...
Article d’analyse • Jul 07

Calculating The Intrinsic Value Of SAP SE (ETR:SAP)

Key Insights Using the 2 Stage Free Cash Flow to Equity, SAP fair value estimate is €279 With €256 share price, SAP...
Article d’analyse • Jun 10

Weekly Picks: 📊 OXY's Diversification Strategy, AGX's Tailwinds, and SAP's Valuation Risks

This week's picks cover: Occidental’s 10 year vision to become an energy powerhouse, why Argan’s success will come from its tailwinds and management team, plus, why SAP’s price today may not be the best entry point.
Article d’analyse • Jun 10

OXY's

This week's picks cover: Occidental’s 10 year vision to become an energy powerhouse, why Argan’s success will come from its tailwinds and management team, and why SAP’s price today may not be the best entry point.
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Nouveau récit • May 06

EU#1 - From German Startup to EU’s Biggest Company

R/2: Mainframe-based ERP
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Nouveau récit • Nov 07

Cloud Innovations And AI Drive Growth Amid Market Challenges For The Company

SAP's cloud and AI initiatives drive substantial revenue growth by enhancing services, customer engagement, and operational efficiency.

Prévisions de croissance des bénéfices et des revenus

XTRA:SAP - Estimations futures des analystes et données financières antérieures (EUR Millions )
DateRecettesLes revenusFlux de trésorerie disponibleCash from OpMoy. Nombre d'analystes
12/31/202850,25011,03112,71513,86114
12/31/202745,2579,57811,42212,48721
12/31/202640,1688,18310,01311,24418
3/31/202637,3427,3138,0808,889N/A
12/31/202536,8007,1618,4179,156N/A
9/30/202536,4947,0826,4477,275N/A
6/30/202535,8876,5416,3867,176N/A
3/31/202535,1485,7325,3316,109N/A
12/31/202434,1763,1244,4105,207N/A
9/30/202433,2662,7457,0417,759N/A
6/30/202432,5422,5596,7437,480N/A
3/31/202431,8062,5756,1226,837N/A
12/31/202331,2073,7765,4616,246N/A
9/30/202330,8033,3685,6226,409N/A
6/30/202330,5363,0525,2536,135N/A
3/31/202330,1892,9934,6165,538N/A
12/31/202229,5203,6434,7705,647N/A
9/30/202229,4374,2833,9324,871N/A
6/30/202228,8034,7284,3405,204N/A
3/31/202228,2675,2394,7615,620N/A
12/31/202126,9536,7035,5226,223N/A
9/30/202127,4005,7106,3447,054N/A
6/30/202127,0915,8606,5307,193N/A
3/31/202127,1655,3716,6597,295N/A
12/31/202027,3385,1456,3787,194N/A
9/30/202027,8394,8574,5075,273N/A
6/30/202028,0954,5473,8144,589N/A
3/31/202027,9834,2492,8873,678N/A
12/31/201927,5533,321N/A3,496N/A
9/30/201926,9393,388N/A4,136N/A
6/30/201926,1693,113N/A3,997N/A
3/31/201925,5373,261N/A4,527N/A
12/31/201824,7074,083N/A4,303N/A
9/30/201824,0864,232N/A4,404N/A
6/30/201823,6554,244N/A4,516N/A
3/31/201823,4384,195N/A4,751N/A
12/31/201723,4614,008N/A5,045N/A
9/30/201723,3793,700N/A5,125N/A
6/30/201723,1643,447N/A5,221N/A
3/31/201722,6193,595N/A5,018N/A
12/31/201622,0623,642N/A4,628N/A
9/30/201621,6813,399N/A4,025N/A
6/30/201621,2903,567N/A3,784N/A
3/31/201621,0233,222N/A3,754N/A
12/31/201520,7933,064N/A3,638N/A
9/30/201519,9083,092N/A3,658N/A
6/30/201519,1783,074N/A3,699N/A

Prévisions de croissance des analystes

Taux de revenus par rapport au taux d'épargne: La croissance des bénéfices prévue de SAP ( 14.9% par an) est supérieure au taux d'épargne ( 1.9% ).

Bénéfices vs marché: Les bénéfices de SAP ( 14.9% par an) devraient croître plus lentement que le marché German ( 17.2% par an).

Croissance élevée des bénéfices: Les bénéfices de SAP devraient augmenter, mais pas de manière significative.

Chiffre d'affaires vs marché: Le chiffre d'affaires de SAP ( 10.2% par an) devrait croître plus rapidement que le marché German ( 6.7% par an).

Croissance élevée des revenus: Le chiffre d'affaires de SAP ( 10.2% par an) devrait croître plus lentement que 20% par an.

Prévisions de croissance du bénéfice par action

Rendement futur des capitaux propres

ROE futur: Le retour sur capitaux propres de SAP devrait être faible dans 3 ans ( 19.7 %).

Découvrir les entreprises en croissance

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1Y

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1Y

7D

1Y

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/05/29 10:06
Cours de l'action en fin de journée2026/05/29 00:00
Les revenus2026/03/31
Revenus annuels2025/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

SAP SE est couverte par 65 analystes. 21 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

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