Executive Summary
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide.
Snowflake
Fundamentals
High growth potential with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has SAP's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.1%
SAP
10.0%
DE Software
3.9%
DE Market
1 Year Return
21.5%
SAP
21.0%
DE Software
3.4%
DE Market
Return vs Industry: SAP matched the German Software industry which returned 21% over the past year.
Return vs Market: SAP exceeded the German Market which returned 3.4% over the past year.
Shareholder returns
| SAP | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | 10.0% | 3.9% |
| 30 Day | 6.7% | 6.8% | 2.1% |
| 90 Day | 3.4% | 3.1% | 3.7% |
| 1 Year | 23.2%21.5% | 22.6%21.0% | 6.7%3.4% |
| 3 Year | 47.2%41.3% | 54.7%48.4% | 18.9%8.6% |
| 5 Year | 141.5%124.3% | 144.4%127.1% | 41.8%22.5% |
Price Volatility Vs. Market
How volatile is SAP's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
SAP SE Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models2 weeks ago | Simply Wall St
Calculating The Intrinsic Value Of SAP SE (ETR:SAP)4 weeks ago | Simply Wall St
We Think SAP (ETR:SAP) Can Stay On Top Of Its DebtValuation
Is SAP undervalued compared to its fair value and its price relative to the market?
40.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: SAP (€115.82) is trading above our estimate of fair value (€99.74)
Significantly Undervalued: SAP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAP is poor value based on its PE Ratio (40.9x) compared to the Software industry average (36.6x).
PE vs Market: SAP is poor value based on its PE Ratio (40.9x) compared to the German market (19.4x).
Price to Earnings Growth Ratio
Low PEG Ratio: SAP is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: SAP is overvalued based on its PB Ratio (5x) compared to the DE Software industry average (3x).
Next Steps
Future Growth
How is SAP forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?
25.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAP's forecast earnings growth (25.9% per year) is above the savings rate (0.2%).
Earnings vs Market: SAP's earnings (25.9% per year) are forecast to grow faster than the German market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SAP's revenue (6.7% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: SAP's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SAP's Return on Equity is forecast to be high in 3 years time (20.2%)
Next Steps
Past Performance
How has SAP performed over the past 5 years?
3.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SAP's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: SAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SAP had negative earnings growth (-19.4%) over the past year, making it difficult to compare to the Software industry average (14.5%).
Return on Equity
High ROE: SAP's Return on Equity (12.4%) is considered low.
Return on Assets
ROA vs Industry: SAP has a higher Return on Assets than the Software industry average last year.
Return on Capital Employed
ROCE Improving: SAP's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is SAP's financial position?
Financial Position Analysis
Short Term Liabilities: SAP's short term assets (€13.6B) do not cover its short term liabilities (€14.2B)
Long Term Liabilities: SAP's short term assets (13.6B) do not cover its long term liabilities (15.9B)
Debt to Equity History and Analysis
Debt Level: SAP's debt to equity ratio (5.3%) is considered satisfactory
Reducing Debt: SAP's debt to equity ratio has reduced from 25.3% to 5.3% over the past 5 years.
Debt Coverage: SAP's debt is well covered by operating cash flow (274.5%).
Interest Coverage: SAP's interest payments on its debt are well covered by EBIT (23.8x coverage).
Balance Sheet
Inventory Level: SAP has a low level of unsold assets or inventory.
Debt Coverage by Assets: SAP's debt is covered by short term assets (assets are 9.307000x debt).
Next Steps
Dividend
What is SAP's current dividend yield, its reliability and sustainability?
1.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SAP's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).
High Dividend: SAP's dividend (1.3%) is low compared to the top 25% of dividend payers in the German market (3.83%).
Stable Dividend: SAP's dividends per share have been stable in the past 10 years.
Growing Dividend: SAP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53%), SAP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SAP's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).
Next Steps
Management
What is the CEO of SAP's salary, the management and board of directors tenure and is there insider trading?
3.7yrs
Average management tenure
CEO
Jennifer Morgan (48yo)
0yrs
Tenure
€3,994,900
Compensation
Ms. Jennifer B. Morgan, also known as Jen, is a Co-Chief Executive Officer at SAP SE since October 10, 2019 and is its Member of Executive Board since May 1, 2017. Ms. Morgan was President of Global Custom ...
CEO Compensation Analysis
Compensation vs. Market: Jennifer has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.
Compensation vs Earnings: Jennifer's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
3.7yrs
Average Tenure
52.5yo
Average Age
Experienced Management: SAP's management team is considered experienced (3.7 years average tenure).
Board Age and Tenure
8.0yrs
Average Tenure
54yo
Average Age
Experienced Board: SAP's board of directors are considered experienced (8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Bill McDermott (57yo)
Member of Executive Board
- Tenure: 11.3yrs
- Compensation: €11.75m
Hasso Plattner (75yo)
Co-Founder & Chairman of the Supervisory Board
- Tenure: 16.4yrs
- Compensation: €363.00k
Lars Lamadé (48yo)
Head of Sponsorships Europe & Asia and Member of Supervisory Board
- Tenure: 17.5yrs
- Compensation: €187.00k
Michael Kleinemeier (62yo)
Head of Digital Business Services & Member of Executive Board
- Tenure: 3.9yrs
- Compensation: €3.98m
Jennifer Morgan (48yo)
Co-CEO & Member of Executive Board
- Tenure: 0yrs
- Compensation: €3.99m
Luka Mucic (48yo)
CFO & Member of Executive Board
- Tenure: 5.3yrs
- Compensation: €3.97m
Adaire Fox-Martin (55yo)
Global Customer Operations & Member of Executive Board
- Tenure: 2.4yrs
- Compensation: €4.01m
Stefan Ries (52yo)
Chief Human Resources Officer
- Tenure: 3.5yrs
- Compensation: €3.64m
Christine Regitz (53yo)
VP of User Experience
- Tenure: 4.4yrs
- Compensation: €187.00k
Christian Klein (39yo)
Co-CEO & Member of Executive Board
- Tenure: 0yrs
- Compensation: €3.63m
Board Members
Pekka Ala-Pietilä (62yo)
Member of Supervisory Board
- Tenure: 17.4yrs
- Compensation: €205.30k
Bernard Liautaud (57yo)
Member of Supervisory Board
- Tenure: 11.5yrs
- Compensation: €198.00k
Hasso Plattner (75yo)
Co-Founder & Chairman of the Supervisory Board
- Tenure: 16.4yrs
- Compensation: €363.00k
Gerhard Oswald (66yo)
Member of Supervisory Board
- Tenure: 0.8yrs
- Compensation: €4.02m
Lars Lamadé (48yo)
Head of Sponsorships Europe & Asia and Member of Supervisory Board
- Tenure: 17.5yrs
- Compensation: €187.00k
Panagiotis Bissiritsas (51yo)
Member of Supervisory Boad
- Tenure: 12.4yrs
- Compensation: €203.50k
Margret Klein-Magar (55yo)
Deputy Chairperson of Supervisory Board
- Tenure: 4.4yrs
- Compensation: €242.00k
Martin Duffek (43yo)
Member of Supervisory Board
- Tenure: 4.4yrs
- Compensation: €203.50k
Sebastian Sick (47yo)
Member of Supervisory Board
- Tenure: 4.4yrs
- Compensation: €187.00k
Christine Regitz (53yo)
VP of User Experience
- Tenure: 4.4yrs
- Compensation: €187.00k
Company Information
SAP SE's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SAP SE
- Ticker: SAP
- Exchange: XTRA
- Founded: 1972
- Industry: Application Software
- Sector: Software
- Market Cap: €138.249b
- Shares outstanding: 1.19b
- Website: https://www.sap.com
Number of Employees
Location
- SAP SE
- Dietmar-Hopp-Allee 16
- Walldorf
- Baden-Württemberg
- 69190
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SAP | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| SAP | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0NW4 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| SAPG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| SAP | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| SAPD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| SAP | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| SAP | BUSE (Budapest Stock Exchange) | Yes | Ordinary Shares | HU | HUF | Jan 1992 |
| SAP | NYSE (New York Stock Exchange) | SPON ADR EACH REP 1 ORD NPV | US | USD | Oct 1995 | |
| SAP N | BMV (Bolsa Mexicana de Valores) | SPON ADR EACH REP 1 ORD NPV | MX | MXN | Oct 1995 | |
| SAPA | DB (Deutsche Boerse AG) | SPON ADR EACH REP 1 ORD NPV | DE | EUR | Oct 1995 | |
| 0A2W | LSE (London Stock Exchange) | SPON ADR EACH REP 1 ORD NPV | GB | USD | Oct 1995 |
Biography
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Busin ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 21:00 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.