SAP SE

NYSE:SAP Rapport sur les actions

Capitalisation boursière : US$204.8b

SAP Gestion

Gestion contrôle des critères 3/4

Nous ne disposons actuellement pas d’informations suffisantes sur le PDG.

Informations clés

Christian Klein

Directeur général

€16.2m

Rémunération totale

Pourcentage du salaire du PDG7.39%
Durée du mandat du directeur général8.3yrs
Propriété du PDGn/a
Durée moyenne d'occupation des postes de direction2.8yrs
Durée moyenne du mandat des membres du conseil d'administration3yrs

Mises à jour récentes de la gestion

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
Nouvelle analyse • 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

Analyse de la rémunération des PDG

Comment la rémunération de Christian Klein a-t-elle évolué par rapport aux bénéfices de SAP?
DateRémunération totaleSalaireBénéfices de l'entreprise
Mar 31 2026n/an/a

€7b

Dec 31 2025€16m€1m

€7b

Sep 30 2025n/an/a

€7b

Jun 30 2025n/an/a

€7b

Mar 31 2025n/an/a

€6b

Dec 31 2024€19m€1m

€3b

Sep 30 2024n/an/a

€3b

Jun 30 2024n/an/a

€3b

Mar 31 2024n/an/a

€3b

Dec 31 2023€7m€1m

€4b

Sep 30 2023n/an/a

€3b

Jun 30 2023n/an/a

€3b

Mar 31 2023n/an/a

€3b

Dec 31 2022€9m€1m

€4b

Sep 30 2022n/an/a

€4b

Jun 30 2022n/an/a

€5b

Mar 31 2022n/an/a

€5b

Dec 31 2021€9m€1m

€7b

Sep 30 2021n/an/a

€6b

Jun 30 2021n/an/a

€6b

Mar 31 2021n/an/a

€5b

Dec 31 2020€10m€1m

€5b

Sep 30 2020n/an/a

€5b

Jun 30 2020n/an/a

€5b

Mar 31 2020n/an/a

€4b

Dec 31 2019€8m€790k

€3b

Rémunération vs marché: La rémunération totale de Christian ($USD 19.09M ) est supérieure à la moyenne des entreprises de taille similaire sur le marché US ($USD 14.67M ).

Rémunération et revenus: La rémunération de Christian a été cohérente avec les performances de l'entreprise au cours de l'année écoulée.

PDG

Christian Klein (45 yo)

8.3yrs
Titularisation
€16,245,000
Compensation

Mr. Christian Klein has been the Chief Executive Officer of SAP SE since April 20, 2020 and its Member of Executive Board since January 1, 2018. Mr. Klein serves as Member of Supervisory Board at adidas AG...

Équipe de direction

NomPositionTitularisationCompensationPropriété
Christian Klein
CEO & Member of Executive Board8.3yrs€16.25mpas de données
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board9.3yrs€290.00kpas de données
Dominik Asam
CFO & Member of Executive Board3.2yrs€2.53mpas de données
Thomas Saueressig
Member of Executive Board6.5yrs€7.05mpas de données
Sebastian Steinhaeuser
Chief Strategy Officer & COO and Member of Executive Board2.3yrs€2.13mpas de données
Gina Vargiu-Breuer
Chief People Officer2.3yrs€2.53mpas de données
Muhammad Alam
Lead Product Engineering & Member of Executive Board2.1yrs€2.25mpas de données
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Boardno data€235.00kpas de données
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Boardno data€235.00kpas de données
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Boardno data€235.00kpas de données
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board1.3yrs€285.00kpas de données
Hasso Plattner
Co-Founderno data€179.20kpas de données
2.8yrs
Durée moyenne de l'emploi
48yo
Âge moyen

Gestion expérimentée: L'équipe de direction de SAP est considérée comme expérimentée (ancienneté moyenne 2.8 ans).

Membres du conseil d'administration

NomPositionTitularisationCompensationPropriété
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board24.1yrs€290.00kpas de données
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Board2.1yrs€235.00kpas de données
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Board2.1yrs€235.00kpas de données
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Board2.1yrs€235.00kpas de données
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board2.1yrs€285.00kpas de données
Marielle Ehrmann
SVP, Chief Securityless than a yearpas de donnéespas de données
Pekka Ala-Pietilae
Independent Chair of Supervisory Board2yrs€600.00kpas de données
Gerhard Oswald
Independent Supervisory Board Member7.3yrs€285.00kpas de données
Xin-Zhe Li
Independent Member of Supervisory Board4yrs€295.00kpas de données
Rouven Westphal
Independent Member of Supervisory Board5yrs€285.00kpas de données
Friederike Rotsch
Independent Member of Supervisory Board8yrs€385.00kpas de données
Aicha Evans
Independent Member of Supervisory Board8.8yrs€285.00kpas de données
3.0yrs
Durée moyenne de l'emploi
54yo
Âge moyen

Conseil d'administration expérimenté: Les membres du conseil d'administration de SAP sont considérés comme expérimentés (ancienneté moyenne 3 ans).

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/05/06 08:55
Cours de l'action en fin de journée2026/05/06 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