SAP Toekomstige groei
Future criteriumcontroles 2/6
SAP zal naar verwachting groeien in winst en omzet met respectievelijk 13.9% en 10.1% per jaar. De winst per aandeel zal naar verwachting groeien met 14.2% per jaar. Het rendement op het eigen vermogen zal over 3 jaar naar verwachting 19.8% zijn.
Belangrijke informatie
13.9%
Groei van de winst
14.15%
Groei van de winst per aandeel
| Software winstgroei | 14.9% |
| Inkomstengroei | 10.1% |
| Toekomstig rendement op eigen vermogen | 19.76% |
| Dekking van analisten | Good |
| Laatst bijgewerkt | 30 Apr 2026 |
Recente toekomstige groei-updates
Recent updates
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 ).
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.
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.
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.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.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.
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.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.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.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.A Look At The Intrinsic Value Of SAP SE (ETR:SAP)
Dec 30
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.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.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.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.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.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.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.Should You Investigate SAP SE (ETR:SAP) At €249?
Aug 07SAP SE Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 25Calculating The Intrinsic Value Of SAP SE (ETR:SAP)
Jul 07Weekly Picks: 📊 OXY's Diversification Strategy, AGX's Tailwinds, and SAP's Valuation Risks
Jun 10
OXY's
Jun 10SAP (ETR:SAP) Has A Rock Solid Balance Sheet
May 27SAP's (ETR:SAP) Upcoming Dividend Will Be Larger Than Last Year's
May 13EU#1 - From German Startup to EU’s Biggest Company
R/2: Mainframe-based ERP
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.Winst- en omzetgroeiprognoses
| Datum | Inkomsten | Inkomsten | Vrije kasstroom | Geldmiddelen uit operationele activiteiten | Gem. Aantal analisten |
|---|---|---|---|---|---|
| 12/31/2028 | 50,322 | 11,126 | 12,280 | 13,839 | 15 |
| 12/31/2027 | 45,459 | 9,601 | 11,181 | 12,383 | 23 |
| 12/31/2026 | 40,216 | 8,196 | 9,893 | 11,197 | 18 |
| 3/31/2026 | 37,342 | 7,313 | 8,080 | 8,889 | N/A |
| 12/31/2025 | 36,800 | 7,161 | 8,417 | 9,156 | N/A |
| 9/30/2025 | 36,494 | 7,082 | 6,447 | 7,275 | N/A |
| 6/30/2025 | 35,887 | 6,541 | 6,386 | 7,176 | N/A |
| 3/31/2025 | 35,148 | 5,732 | 5,331 | 6,109 | N/A |
| 12/31/2024 | 34,176 | 3,124 | 4,410 | 5,207 | N/A |
| 9/30/2024 | 33,266 | 2,745 | 7,041 | 7,759 | N/A |
| 6/30/2024 | 32,542 | 2,559 | 6,743 | 7,480 | N/A |
| 3/31/2024 | 31,806 | 2,575 | 6,122 | 6,837 | N/A |
| 12/31/2023 | 31,207 | 3,776 | 5,461 | 6,246 | N/A |
| 9/30/2023 | 30,803 | 3,368 | 5,622 | 6,409 | N/A |
| 6/30/2023 | 30,536 | 3,052 | 5,253 | 6,135 | N/A |
| 3/31/2023 | 30,189 | 2,993 | 4,616 | 5,538 | N/A |
| 12/31/2022 | 29,520 | 3,643 | 4,770 | 5,647 | N/A |
| 9/30/2022 | 29,437 | 4,283 | 3,932 | 4,871 | N/A |
| 6/30/2022 | 28,803 | 4,728 | 4,340 | 5,204 | N/A |
| 3/31/2022 | 28,267 | 5,239 | 4,761 | 5,620 | N/A |
| 12/31/2021 | 26,953 | 6,703 | 5,522 | 6,223 | N/A |
| 9/30/2021 | 27,400 | 5,710 | 6,344 | 7,054 | N/A |
| 6/30/2021 | 27,091 | 5,860 | 6,530 | 7,193 | N/A |
| 3/31/2021 | 27,165 | 5,371 | 6,659 | 7,295 | N/A |
| 12/31/2020 | 27,338 | 5,145 | 6,378 | 7,194 | N/A |
| 9/30/2020 | 27,839 | 4,857 | 4,507 | 5,273 | N/A |
| 6/30/2020 | 28,095 | 4,547 | 3,814 | 4,589 | N/A |
| 3/31/2020 | 27,983 | 4,249 | 2,887 | 3,678 | N/A |
| 12/31/2019 | 27,553 | 3,321 | N/A | 3,496 | N/A |
| 9/30/2019 | 26,939 | 3,388 | N/A | 4,136 | N/A |
| 6/30/2019 | 26,169 | 3,113 | N/A | 3,997 | N/A |
| 3/31/2019 | 25,537 | 3,261 | N/A | 4,527 | N/A |
| 12/31/2018 | 24,707 | 4,083 | N/A | 4,303 | N/A |
| 9/30/2018 | 24,086 | 4,232 | N/A | 4,404 | N/A |
| 6/30/2018 | 23,655 | 4,244 | N/A | 4,516 | N/A |
| 3/31/2018 | 23,438 | 4,195 | N/A | 4,751 | N/A |
| 12/31/2017 | 23,461 | 4,008 | N/A | 5,045 | N/A |
| 9/30/2017 | 23,379 | 3,700 | N/A | 5,125 | N/A |
| 6/30/2017 | 23,164 | 3,447 | N/A | 5,221 | N/A |
| 3/31/2017 | 22,619 | 3,595 | N/A | 5,018 | N/A |
| 12/31/2016 | 22,062 | 3,642 | N/A | 4,628 | N/A |
| 9/30/2016 | 21,681 | 3,399 | N/A | 4,025 | N/A |
| 6/30/2016 | 21,290 | 3,567 | N/A | 3,784 | N/A |
| 3/31/2016 | 21,023 | 3,222 | N/A | 3,754 | N/A |
| 12/31/2015 | 20,793 | 3,064 | N/A | 3,638 | N/A |
| 9/30/2015 | 19,908 | 3,092 | N/A | 3,658 | N/A |
| 6/30/2015 | 19,178 | 3,074 | N/A | 3,699 | N/A |
Toekomstige groeivoorspellingen analisten
Verdiensten versus spaarpercentage: De verwachte winstgroei SAP ( 13.9% per jaar) ligt boven de spaarquote ( 1.7% ).
Winst versus markt: De winst van SAP ( 13.9% per jaar) zal naar verwachting langzamer groeien dan de markt German ( 16.1% per jaar).
Hoge groeiwinsten: De winst van SAP zal naar verwachting groeien, maar niet aanzienlijk.
Omzet versus markt: De omzet van SAP ( 10.1% per jaar) zal naar verwachting sneller groeien dan de markt German ( 6.2% per jaar).
Hoge groei-inkomsten: De omzet van SAP ( 10.1% per jaar) zal naar verwachting langzamer groeien dan 20% per jaar.
Groeiprognoses winst per aandeel
Toekomstig rendement op eigen vermogen
Toekomstige ROE: Het rendement op eigen vermogen SAP zal naar verwachting over 3 jaar laag zijn ( 19.8 %).
Ontdek groeibedrijven
Bedrijfsanalyse en status van financiële gegevens
| Gegevens | Laatst bijgewerkt (UTC-tijd) |
|---|---|
| Bedrijfsanalyse | 2026/05/02 11:51 |
| Aandelenkoers aan het einde van de dag | 2026/04/30 00:00 |
| Inkomsten | 2026/03/31 |
| Jaarlijkse inkomsten | 2025/12/31 |
Gegevensbronnen
De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.
| Pakket | Gegevens | Tijdframe | Voorbeeld Amerikaanse bron * |
|---|---|---|---|
| Financiële gegevens bedrijf | 10 jaar |
| |
| Consensus schattingen analisten | +3 jaar |
|
|
| Marktprijzen | 30 jaar |
| |
| Eigendom | 10 jaar |
| |
| Beheer | 10 jaar |
| |
| Belangrijkste ontwikkelingen | 10 jaar |
|
* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.
Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.
Analysemodel en Snowflake
Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.
Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.
Industrie en sector
Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.
Bronnen van analisten
SAP SE wordt gevolgd door 65 analisten. 23 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.
| Analist | Instelling |
|---|---|
| Adam Shepherd | Arete Research Services LLP |
| Joseph Bonner | Argus Research Company |
| Knut Woller | Baader Helvea Equity Research |