SAP SE

XTRA:SAP Aktierapport

Börsvärde: €157.5b

SAP Förvaltning

Förvaltning kriterier kontrolleras 3/4

Vi har för närvarande inte tillräcklig information om VD:n.

Viktig information

Christian Klein

Verkställande direktör

€16.2m

Total ersättning

VD-lön i procent7.39%
Anställning som VD8.4yrs
Ägande av VDn/a
Ledningens genomsnittliga anställningstid2.8yrs
Styrelsens genomsnittliga mandatperiod3.1yrs

Senaste uppdateringar av ledningen

Recent updates

Analysartikel • 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...
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Analysartikel • 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...
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Uppdatering av berättelse • 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.
Analysartikel • 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...
Analysartikel • 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...
Analysartikel • 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...
User avatar
Ny berättelse • May 06

EU#1 - From German Startup to EU’s Biggest Company

R/2: Mainframe-based ERP
User avatar
Ny berättelse • 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.

Analys av ersättningar till VD

Hur har Christian Klein:s ersättning förändrats jämfört med SAP:s resultat?
DatumTotal ersättningLönFöretagets resultat
Mar 31 2026n/an/a

€7b

Dec 31 2025€16m€1m

€7b

Sep 30 2025n/an/a

€7b

Jun 30 2025n/an/a

€7b

Mar 31 2025n/an/a

€6b

Dec 31 2024€19m€1m

€3b

Sep 30 2024n/an/a

€3b

Jun 30 2024n/an/a

€3b

Mar 31 2024n/an/a

€3b

Dec 31 2023€7m€1m

€4b

Sep 30 2023n/an/a

€3b

Jun 30 2023n/an/a

€3b

Mar 31 2023n/an/a

€3b

Dec 31 2022€9m€1m

€4b

Sep 30 2022n/an/a

€4b

Jun 30 2022n/an/a

€5b

Mar 31 2022n/an/a

€5b

Dec 31 2021€9m€1m

€7b

Sep 30 2021n/an/a

€6b

Jun 30 2021n/an/a

€6b

Mar 31 2021n/an/a

€5b

Dec 31 2020€10m€1m

€5b

Sep 30 2020n/an/a

€5b

Jun 30 2020n/an/a

€5b

Mar 31 2020n/an/a

€4b

Dec 31 2019€8m€790k

€3b

Ersättning vs marknad: Christian s total kompensation ($USD 18.61M ) är över genomsnittet för företag av liknande storlek på German marknaden ($USD 5.50M ).

Ersättning vs inkomst: Ersättningen från Christian har varit i linje med företagets resultat under det senaste året.

VD OCH KONCERNCHEF

Christian Klein (46 yo)

8.4yrs
Anställning
€16,245,000
Kompensation

Mr. Christian Klein has been the Chief Executive Officer of SAP SE since April 20, 2020 and its Member of Executive Board since January 1, 2018. Mr. Klein serves as Member of Supervisory Board at adidas AG...

Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Christian Klein
CEO & Member of Executive Board8.4yrs€16.25minga uppgifter
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board9.3yrs€290.00kinga uppgifter
Dominik Asam
CFO & Member of Executive Board3.3yrs€2.53minga uppgifter
Thomas Saueressig
Member of Executive Board6.6yrs€7.05minga uppgifter
Sebastian Steinhaeuser
Chief Strategy Officer & COO and Member of Executive Board2.4yrs€2.13minga uppgifter
Gina Vargiu-Breuer
Chief People Officer2.3yrs€2.53minga uppgifter
Muhammad Alam
Lead Product Engineering & Member of Executive Board2.2yrs€2.25minga uppgifter
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Boardno data€235.00kinga uppgifter
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Boardno data€235.00kinga uppgifter
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Boardno data€235.00kinga uppgifter
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board1.3yrs€285.00kinga uppgifter
Hasso Plattner
Co-Founderno data€179.20kinga uppgifter
2.8yrs
Genomsnittlig anställningstid
49yo
Genomsnittlig ålder

Erfaren ledning: SAP s ledningsgrupp anses vara erfaren ( 2.8 års genomsnittlig anställningstid).

Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Lars Lamade
Head of Global Sponsorships & Deputy Chairperson of the Supervisory Board24.2yrs€290.00kinga uppgifter
Andreas Hahn
Chairperson of Works Council Europe & Works Council Europe Rep Member of Supervisory Board2.2yrs€235.00kinga uppgifter
Jakub Cerny
Demand Manager & Works Council Europe Representative Member of Supervisory Board2.2yrs€235.00kinga uppgifter
Pascal Demat
Solution Advisor HCM & Works Council Europe Representative Member of Supervisory Board2.2yrs€235.00kinga uppgifter
Nina Strabner
Head of People Transformation Management & Works Council Europe Rep Member of Supervisory Board2.2yrs€285.00kinga uppgifter
Marielle Ehrmann
SVP, Chief Securityless than a yearinga uppgifteringa uppgifter
Pekka Ala-Pietilae
Independent Chair of Supervisory Board2.1yrs€600.00kinga uppgifter
Gerhard Oswald
Independent Supervisory Board Member7.4yrs€285.00kinga uppgifter
Xin-Zhe Li
Independent Member of Supervisory Board4.1yrs€295.00kinga uppgifter
Rouven Westphal
Independent Member of Supervisory Board5.1yrs€285.00kinga uppgifter
Friederike Rotsch
Independent Member of Supervisory Board8.1yrs€385.00kinga uppgifter
Aicha Evans
Independent Member of Supervisory Board8.9yrs€285.00kinga uppgifter
3.1yrs
Genomsnittlig anställningstid
55yo
Genomsnittlig ålder

Erfaren styrelse: SAP s styrelse anses vara erfaren ( 3.1 års genomsnittlig mandatperiod).

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/06/19 03:51
Aktiekurs vid dagens slut2026/06/19 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa denna rapport finns på vår Github-sida; vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

SAP SE bevakas av 63 analytiker. 21 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Knut WollerBaader Helvea Equity Research