SAP Future Growth

Future criteria checks 4/6

SAP is forecast to grow earnings and revenue by 33.2% and 9.7% per annum respectively. EPS is expected to grow by 33.5% per annum. Return on equity is forecast to be 16.1% in 3 years.

Key information

33.2%

Earnings growth rate

33.5%

EPS growth rate

Software earnings growth	32.9%
Revenue growth rate	9.7%
Future return on equity	16.1%
Analyst coverage	Good
Last updated	02 May 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

XTRA:SAP - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	41,929	7,583	9,340	10,834	20
12/31/2025	37,484	6,357	8,180	9,398	26
12/31/2024	33,894	3,535	3,796	4,971	25
3/31/2024	31,806	2,575	6,001	6,716	N/A
12/31/2023	31,207	3,776	5,547	6,332	N/A
9/30/2023	30,804	3,334	5,622	6,409	N/A
6/30/2023	30,538	3,017	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	2,679	3,496	N/A
9/30/2019	26,939	3,388	3,121	4,136	N/A
6/30/2019	26,169	3,113	2,818	3,997	N/A
3/31/2019	25,537	3,261	3,137	4,527	N/A
12/31/2018	24,707	4,083	2,845	4,303	N/A
9/30/2018	24,086	4,232	2,947	4,404	N/A
6/30/2018	23,655	4,244	3,033	4,516	N/A
3/31/2018	23,438	4,195	3,340	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
3/31/2015	18,359	3,160	N/A	3,513	N/A
12/31/2014	17,560	3,280	N/A	3,499	N/A
9/30/2014	17,209	3,291	N/A	3,874	N/A
6/30/2014	17,001	3,172	N/A	3,925	N/A
3/31/2014	16,912	3,340	N/A	4,022	N/A
12/31/2013	16,815	3,326	N/A	3,832	N/A
9/30/2013	16,732	3,086	N/A	3,805	N/A
6/30/2013	16,638	2,944	N/A	3,904	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAP's forecast earnings growth (33.2% per year) is above the savings rate (0.7%).

Earnings vs Market: SAP's earnings (33.2% per year) are forecast to grow faster than the German market (15.9% per year).

High Growth Earnings: SAP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SAP's revenue (9.7% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: SAP's revenue (9.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SAP's Return on Equity is forecast to be low in 3 years time (16.1%).

SAP Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

SAP SE Reaffirms Earnings Guidance for the Full Year 2024

Consensus EPS estimates fall by 15%

Price target increased by 8.8% to €159

SAP SE Provides Earnings Guidance for the Year 2024 and 2025

SAP SE Provides Earnings Guidance for the Year 2023

Recent updates

SAP SE Unveils AI-Driven Supply-Chain Innovations to Transform Manufacturing

SAP (ETR:SAP) Has Announced That It Will Be Increasing Its Dividend To €2.20

SAP SE Reaffirms Earnings Guidance for the Full Year 2024

First quarter 2024 earnings: EPS misses analyst expectations

Is Now An Opportune Moment To Examine SAP SE (ETR:SAP)?

SAP (ETR:SAP) Has Announced That It Will Be Increasing Its Dividend To €2.20

Return Trends At SAP (ETR:SAP) Aren't Appealing

SAP Appoints New Managing Director for Bahrain, Iraq, Pakistan

SAP's (ETR:SAP) Dividend Will Be Increased To €2.20

SAP (ETR:SAP) Will Pay A Larger Dividend Than Last Year At €2.20

SAP SE to Report Q2, 2024 Results on Jul 22, 2024

SAP SE to Report Fiscal Year 2023 Results on Mar 05, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Dividend increased to €2.20

SAP SE Proposes Dividend for Fiscal Year 2023, Payable on May 21, 2024

SAP SE Announces Resignation of Punit Renjen as Supervisory Board Chair, Effective May 15, 2024

We Think SAP's (ETR:SAP) Profit Is Only A Baseline For What They Can Achieve

Consensus EPS estimates fall by 15%

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 8.8% to €159

SAP SE Provides Earnings Guidance for the Year 2024 and 2025

Should You Investigate SAP SE (ETR:SAP) At €149?

SAP Appoints Kulmeet Bawa as Chief Revenue Officer of Business Technology Platform

SAP SE Announces Changes to its Executive Board, Effective April 1, 2024

SAP Appoints Raptopoulos Regional President for EMEA

SAP SE (ETR:SAP) Not Lagging Market On Growth Or Pricing

The Returns On Capital At SAP (ETR:SAP) Don't Inspire Confidence

SAP (ETR:SAP) Has A Pretty Healthy Balance Sheet

Calculating The Intrinsic Value Of SAP SE (ETR:SAP)

SAP SE (XTRA:SAP) acquired LeanIX GmbH.

SAP SE Provides Earnings Guidance for the Year 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Is There Now An Opportunity In SAP SE (ETR:SAP)?

SAP Se Announces New Generative Ai Assistant Joule

SAP's (ETR:SAP) Returns On Capital Not Reflecting Well On The Business

SAP SE (XTRA:SAP) entered into an agreement to acquire LeanIX GmbH.

SAP SE Appoints Monika Schaller as Chief Communications Officer

Is SAP (ETR:SAP) Using Too Much Debt?

SAP SE Announces Walter Sun as New Global Head of Artificial Intelligence

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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