SAP Balans Gezondheid
Financiële gezondheid criteriumcontroles 6/6
SAP heeft een totaal eigen vermogen van €45.2B en een totale schuld van €8.2B, wat de schuld-eigenvermogensverhouding op 18.1% brengt. De totale activa en totale passiva bedragen respectievelijk €75.6B en €30.4B. De EBIT SAP is €11.0B waardoor de rentedekking 148.5 is. Het heeft contanten en kortetermijnbeleggingen van €11.6B.
Belangrijke informatie
18.13%
Verhouding schuld/eigen vermogen
€8.20b
Schuld
| Rente dekkingsratio | 148.5x |
| Contant | €11.63b |
| Aandelen | €45.25b |
| Totaal verplichtingen | €30.36b |
| Totaal activa | €75.61b |
Recente financiële gezondheidsupdates
Geen updates
Recent updates
Narratiefupdate • Sep 09
SAP: Slow AI Monetization Will Restrain Autonomous Enterprise Upside
SAP's analyst fair value estimate has been adjusted from €154.99 to €160.00 as analysts balance higher Street price targets with mixed views on the pace of AI monetization, cloud backlog trends, and near term cost execution. Analyst Commentary Recent research on SAP shows a split picture, with several banks lifting price targets while a few bearish analysts highlight execution risks and a slower payoff from AI.
Narratiefupdate • Aug 26
SAP: Cloud Backlog Resilience And Industry AI Adoption Will Drive Future Upside
Analysts nudged their fair value estimate for SAP higher to about €207 per share from roughly €202, reflecting a mix of higher Street price targets, tempered revenue growth assumptions, a slightly richer future P/E, and modestly stronger profit margin expectations around the company's AI and cloud execution. Analyst Commentary Recent research on SAP paints a mixed picture, with most price targets drifting higher but with some fresh caution around the pace of AI monetization, cloud backlog trends, and near term cost execution.
Narratiefupdate • Aug 12
SAP: Autonomous Enterprise AI Adoption Will Drive Future Multiple Repricing
The analyst price target for SAP has been reset slightly lower, with the updated fair value estimate moving from about €282 to roughly €267, as analysts factor in modestly softer revenue growth, a slightly lower profit margin outlook, and a reduced future P/E multiple, while still highlighting growing AI demand, resilient cloud backlogs, and the potential long term value of incumbent platforms. Analyst Commentary Recent Street research on SAP shows a mix of higher and lower price targets, but several bullish analysts continue to point to solid execution in cloud, rising interest in AI offerings, and the long term role of SAP as an incumbent platform provider.Narratiefupdate • Jul 29
SAP: Autonomous Enterprise And Cloud Backlog Strength Will Drive Future Upside
SAP's updated analyst price target framework reflects a modest fair value trim of about €12.49, alongside slightly higher revenue growth expectations and a lower future P/E assumption, as analysts balance growing AI demand and cloud momentum with more cautious near term profit forecasts. Analyst Commentary Recent commentary on SAP highlights a mix of optimism around cloud and AI growth, alongside more cautious views on near term profitability and execution.Narratiefupdate • Jul 15
SAP: Autonomous Enterprise And AI Overhaul Will Drive Future Returns
Analysts have reduced the SAP fair value estimate from €178.44 to €154.99, citing a reset in future P/E expectations, updated views on AI adoption progress, and longer term earnings power relative to a broader software and services peer mix. Analyst Commentary Recent Street research on SAP shows a mixed backdrop, with several bearish analysts recalibrating expectations around valuation, execution and long term growth potential.Narratiefupdate • Jul 01
SAP: Autonomous AI Suite Progress Will Support Future Upside
The analyst price target for SAP is revised from about €234 to about €214, reflecting a series of recent target cuts and mixed commentary from firms that see slower than expected AI adoption alongside ongoing efforts to close product gaps. Analyst Commentary Recent research on SAP highlights a split view, with some bullish analysts seeing room for upside tied to product execution and others taking a more cautious stance as they reassess growth and valuation assumptions.Analyse-artikel • Jun 18
SAP (XTRA:SAP) Stock Could Be 42.8% Undervalued After Its Cloud And AI Push
Recent news around SAP (XTRA:SAP) centers on its cloud and AI product push, including project44’s SAP endorsed logistics app and fresh security certifications. This gives investors new context for assessing the stock’s current pullback. See our latest analysis for SAP. Despite a steady stream of cloud, AI and security announcements in recent weeks, SAP’s share price has come under pressure, with the 7 day share price return down 5.69% and the year to date share price return down 30.09%. The 5...Narratiefupdate • Jun 17
SAP: Autonomous AI Execution In Core ERP Will Drive Future Repricing
The analyst price target for SAP stock has been revised lower by €20, as analysts factor in slower than expected AI adoption, along with company efforts to address gaps and accelerate AI-driven offerings. Analyst Commentary Recent research on SAP reflects a mixed backdrop, with several firms trimming price targets while still highlighting areas where the company could add value as AI offerings mature and execution around new products improves.Narratiefupdate • Jun 03
SAP: Autonomous AI Execution In Core ERP Will Unlock Future Upside
Analysts have edged down their average SAP price targets by roughly €20 to €50, reflecting slower than hoped AI adoption and lower published targets from several banks, even as some research still highlights the company as relatively resilient to AI disruption risk. Analyst Commentary Recent Street research on SAP clusters around cautious revisions to valuation targets alongside pockets of confidence in the company’s ability to execute on its AI roadmap and maintain relevance in core enterprise software.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.
Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Analyse-artikel • 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...Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Nieuw narratief • May 06
EU#1 - From German Startup to EU’s Biggest Company
R/2: Mainframe-based ERPAnalyse van de financiële positie
Kortlopende schulden: De korte termijn activa ( €22.6B ) SAP } overtreffen de korte termijn passiva ( €19.7B ).
Langlopende schulden: De kortetermijnactiva SAP ( €22.6B ) overtreffen de langetermijnschulden ( €10.6B ).
Schuld/ eigen vermogen geschiedenis en analyse
Schuldniveau: SAP heeft meer geld in kas dan de totale schuld.
Schuld verminderen: De schuld/eigen vermogen-ratio van SAP is de afgelopen 5 jaar gedaald van 38.3% naar 18.1%.
Schuldendekking: De schuld van SAP wordt goed gedekt door de operationele kasstroom ( 115.4% ).
Rentedekking: De rentebetalingen op de schuld van SAP worden goed gedekt door EBIT ( 148.5 x dekking).
Balans
Ontdek gezonde bedrijven
Bedrijfsanalyse en status van financiële gegevens
| Gegevens | Laatst bijgewerkt (UTC-tijd) |
|---|---|
| Bedrijfsanalyse | 2026/09/11 19:52 |
| Aandelenkoers aan het einde van de dag | 2026/09/11 00:00 |
| Inkomsten | 2026/06/30 |
| 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 |
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| Consensus schattingen analisten | +3 jaar |
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| Marktprijzen | 30 jaar |
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| Eigendom | 10 jaar |
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| Beheer | 10 jaar |
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| Belangrijkste ontwikkelingen | 10 jaar |
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* 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 analysamodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina, we hebben ook handleidingen over hoe u onze rapporten kunt gebruiken en tutorials op YouTube.
Leer meer over het 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 63 analisten. 25 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 |