SAP 대차대조표 건전성
재무 건전성 기준 점검 6/6
SAP 의 총 주주 지분은 €45.4B 이고 총 부채는 €7.9B, 이는 부채 대 자기자본 비율을 17.3% 로 가져옵니다. 총자산과 총부채는 각각 €73.5B 및 €28.1B 입니다. SAP 의 EBIT는 €10.8B 이며 이자보상배율은 277.7 입니다. €10.0B 의 현금 및 단기 투자금을 보유하고 있습니다.
핵심 정보
17.33%
부채/자본 비율
€7.86b
부채
| 이자보상배율 | 277.7x |
| 현금 | €10.05b |
| 자본 | €45.37b |
| 총부채 | €28.10b |
| 총자산 | €73.46b |
최근 재무 건전성 업데이트
Recent updates
내러티브 업데이트 • 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.내러티브 업데이트 • 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.
새로운 내러티브 • 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 ).내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.
내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.분석 기사 • 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...내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...새로운 내러티브 • May 06
EU#1 - From German Startup to EU’s Biggest Company
R/2: Mainframe-based ERP
새로운 내러티브 • 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.재무 상태 분석
단기부채: SAP 의 단기 자산 ( €22.3B )이 단기 부채( €20.8B ).
장기 부채: SAP의 단기 자산(€22.3B)이 장기 부채(€7.3B)를 초과합니다.
부채/자본 비율 추이 및 분석
부채 수준: SAP 총 부채보다 더 많은 현금을 보유하고 있습니다.
부채 감소: SAP의 부채 대비 자본 비율은 지난 5년 동안 48.7%에서 17.3%로 감소했습니다.
부채 범위: SAP 의 부채는 영업 현금 흐름 ( 113.1% )에 의해 잘 충당되었습니다.
이자 보장: SAP 의 부채에 대한 이자 지급은 EBIT(277.7x 적용 범위)로 잘 충당됩니다.
대차대조표
건전한 기업 찾아보기
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/20 04:44 |
| 종가 | 2026/05/20 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
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| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
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| 경영진 | 10년 |
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| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.
산업 및 섹터 지표
산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.
분석가 소스
SAP SE는 65명의 분석가가 다루고 있습니다. 이 중 21명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Adam Shepherd | Arete Research Services LLP |
| Joseph Bonner | Argus Research Company |
| Knut Woller | Baader Helvea Equity Research |