SAP SE

NYSE:SAP 株式レポート

時価総額：US$204.8b

SAP マネジメント

マネジメント 基準チェック /34

現在、CEO に関する十分な情報がありません。

主要情報

Christian Klein

最高経営責任者

€16.2m

報酬総額

CEO給与比率7.39%
CEO在任期間8.3yrs
CEOの所有権n/a
経営陣の平均在職期間2.8yrs
取締役会の平均在任期間3yrs

経営陣の近況

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
新しいナラティブ • 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

CEO報酬分析

SAP の収益と比較して、Christian Klein の報酬はどのように変化したか？
日付総報酬給与会社業績
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

報酬と市場: Christianの 総報酬 ($USD 19.09M ) は、 US市場 ($USD 14.67M ) の同規模の企業の平均を上回っています。

報酬と収益: Christianの報酬は、過去 1 年間の会社の業績と一致しています。

CEO

Christian Klein (45 yo)

8.3yrs
在職期間
€16,245,000
報酬

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...

リーダーシップ・チーム

名称ポジション在職期間報酬所有権
Christian Klein
CEO & Member of Executive Board8.3yrs€16.25mデータなし
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board9.3yrs€290.00kデータなし
Dominik Asam
CFO & Member of Executive Board3.2yrs€2.53mデータなし
Thomas Saueressig
Member of Executive Board6.5yrs€7.05mデータなし
Sebastian Steinhaeuser
Chief Strategy Officer & COO and Member of Executive Board2.3yrs€2.13mデータなし
Gina Vargiu-Breuer
Chief People Officer2.3yrs€2.53mデータなし
Muhammad Alam
Lead Product Engineering & Member of Executive Board2.1yrs€2.25mデータなし
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Boardno data€235.00kデータなし
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Boardno data€235.00kデータなし
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Boardno data€235.00kデータなし
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board1.3yrs€285.00kデータなし
Hasso Plattner
Co-Founderno data€179.20kデータなし
2.8yrs
平均在職期間
48yo
平均年齢

経験豊富な経営陣: SAPの経営陣は 経験豊富 であると考えられます ( 2.8年の平均在職年数)。

取締役

名称ポジション在職期間報酬所有権
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board24.1yrs€290.00kデータなし
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Board2.1yrs€235.00kデータなし
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Board2.1yrs€235.00kデータなし
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Board2.1yrs€235.00kデータなし
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board2.1yrs€285.00kデータなし
Marielle Ehrmann
SVP, Chief Securityless than a yearデータなしデータなし
Pekka Ala-Pietilae
Independent Chair of Supervisory Board2yrs€600.00kデータなし
Gerhard Oswald
Independent Supervisory Board Member7.3yrs€285.00kデータなし
Xin-Zhe Li
Independent Member of Supervisory Board4yrs€295.00kデータなし
Rouven Westphal
Independent Member of Supervisory Board5yrs€285.00kデータなし
Friederike Rotsch
Independent Member of Supervisory Board8yrs€385.00kデータなし
Aicha Evans
Independent Member of Supervisory Board8.8yrs€285.00kデータなし
3.0yrs
平均在職期間
54yo
平均年齢

経験豊富なボード: SAPの 取締役会 は 経験豊富 であると考えられます ( 3年の平均在任期間)。

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 19:25
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
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 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 ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Knut WollerBaader Helvea Equity Research