SAP 過去の業績
過去 基準チェック /56
SAPは、平均年間2.9%の収益成長を遂げていますが、 Software業界の収益は、年間 成長しています。収益は、平均年間10.4% 6.9%収益成長率で 成長しています。 SAPの自己資本利益率は16.5%であり、純利益率は19.6%です。
主要情報
2.89%
収益成長率
3.25%
EPS成長率
| Software 業界の成長 | 14.88% |
| 収益成長率 | 6.95% |
| 株主資本利益率 | 16.48% |
| ネット・マージン | 19.58% |
| 次回の業績アップデート | 23 Jul 2026 |
最近の業績更新
Recent updates
ナラティブ更新 • 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.
新しいナラティブ • 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 ).ナラティブ更新 • 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.
ナラティブ更新 • 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.
ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.
ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.分析記事 • 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...ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.ナラティブ更新 • 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.分析記事 • 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...分析記事 • 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...分析記事 • 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...分析記事 • 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.分析記事 • 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.分析記事 • May 27
SAP (ETR:SAP) Has A Rock Solid Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • May 13
SAP's (ETR:SAP) Upcoming Dividend Will Be Larger Than Last Year's
The board of SAP SE ( ETR:SAP ) has announced that it will be paying its dividend of €2.35 on the 16th of May, an...新しいナラティブ • May 06
EU#1 - From German Startup to EU’s Biggest Company
R/2: Mainframe-based ERP
新しいナラティブ • 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.収支内訳
収支内訳
SAP の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。
収益と収入の歴史
| 日付 | 収益 | 収益 | G+A経費 | 研究開発費 |
|---|---|---|---|---|
| 31 Mar 26 | 37,342 | 7,313 | 9,977 | 6,656 |
| 31 Dec 25 | 36,800 | 7,161 | 10,050 | 6,628 |
| 30 Sep 25 | 36,494 | 7,082 | 10,208 | 6,626 |
| 30 Jun 25 | 35,887 | 6,541 | 10,124 | 6,552 |
| 31 Mar 25 | 35,148 | 5,732 | 10,189 | 6,518 |
| 31 Dec 24 | 34,176 | 3,124 | 10,265 | 6,509 |
| 30 Sep 24 | 33,266 | 2,745 | 9,852 | 6,506 |
| 30 Jun 24 | 32,542 | 2,559 | 9,826 | 6,450 |
| 31 Mar 24 | 31,806 | 2,575 | 9,768 | 6,409 |
| 31 Dec 23 | 31,207 | 3,776 | 10,192 | 6,324 |
| 30 Sep 23 | 30,803 | 3,368 | 9,745 | 6,243 |
| 30 Jun 23 | 30,536 | 3,052 | 9,630 | 6,298 |
| 31 Mar 23 | 30,189 | 2,993 | 9,576 | 6,246 |
| 31 Dec 22 | 29,520 | 3,643 | 9,235 | 6,080 |
| 30 Sep 22 | 29,437 | 4,283 | 9,386 | 5,881 |
| 30 Jun 22 | 28,803 | 4,728 | 9,451 | 5,610 |
| 31 Mar 22 | 28,267 | 5,239 | 9,411 | 5,405 |
| 31 Dec 21 | 26,953 | 6,703 | 8,043 | 5,270 |
| 30 Sep 21 | 27,400 | 5,710 | 8,645 | 4,902 |
| 30 Jun 21 | 27,091 | 5,860 | 8,259 | 4,716 |
| 31 Mar 21 | 27,165 | 5,371 | 8,081 | 4,567 |
| 31 Dec 20 | 27,338 | 5,145 | 8,462 | 4,454 |
| 30 Sep 20 | 27,839 | 4,857 | 8,924 | 4,527 |
| 30 Jun 20 | 28,095 | 4,547 | 8,998 | 4,389 |
| 31 Mar 20 | 27,983 | 4,249 | 9,212 | 4,284 |
| 31 Dec 19 | 27,553 | 3,321 | 9,322 | 4,292 |
| 30 Sep 19 | 26,939 | 3,388 | 8,828 | 4,031 |
| 30 Jun 19 | 26,169 | 3,113 | 8,706 | 3,975 |
| 31 Mar 19 | 25,537 | 3,261 | 8,380 | 3,869 |
| 31 Dec 18 | 24,707 | 4,083 | 7,879 | 3,624 |
| 30 Sep 18 | 24,086 | 4,232 | 7,924 | 3,560 |
| 30 Jun 18 | 23,655 | 4,244 | 7,869 | 3,421 |
| 31 Mar 18 | 23,438 | 4,195 | 7,748 | 3,315 |
| 31 Dec 17 | 23,461 | 4,008 | 7,999 | 3,352 |
| 30 Sep 17 | 23,379 | 3,700 | 7,962 | 3,334 |
| 30 Jun 17 | 23,164 | 3,447 | 7,923 | 3,319 |
| 31 Mar 17 | 22,619 | 3,595 | 7,643 | 3,186 |
| 31 Dec 16 | 22,062 | 3,642 | 7,270 | 3,044 |
| 30 Sep 16 | 21,681 | 3,399 | 7,022 | 2,973 |
| 30 Jun 16 | 21,290 | 3,567 | 6,739 | 2,866 |
| 31 Mar 16 | 21,023 | 3,222 | 6,906 | 2,873 |
| 31 Dec 15 | 20,793 | 3,064 | 6,830 | 2,845 |
| 30 Sep 15 | 19,908 | 3,092 | 6,342 | 2,719 |
| 30 Jun 15 | 19,178 | 3,074 | 6,043 | 2,608 |
質の高い収益: SAPは 高品質の収益 を持っています。
利益率の向上: SAPの現在の純利益率 (19.6%)は、昨年(16.3%)よりも高くなっています。
フリー・キャッシュフローと収益の比較
過去の収益成長分析
収益動向: SAPの収益は過去 5 年間で年間2.9%増加しました。
成長の加速: SAPの過去 1 年間の収益成長率 ( 27.6% ) は、5 年間の平均 ( 年間2.9%を上回っています。
収益対業界: SAPの過去 1 年間の収益成長率 ( 27.6% ) はSoftware業界26.7%を上回りました。
株主資本利益率
高いROE: SAPの 自己資本利益率 ( 16.5% ) は 低い とみなされます。
総資産利益率
使用総資本利益率
過去の好業績企業の発掘
企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/05/06 14:48 |
| 終値 | 2026/05/06 00:00 |
| 収益 | 2026/03/31 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
SAP SE 21 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。65
| アナリスト | 機関 |
|---|---|
| Adam Shepherd | Arete Research Services LLP |
| Joseph Bonner | Argus Research Company |
| Knut Woller | Baader Helvea Equity Research |