Company Valuation: SAP SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 147,329 112,276 162,380 274,903 242,644 247,345 - -
Change - -23.79% 44.63% 69.3% -11.73% 1.94% - -
Enterprise Value (EV) 1 151,243 116,785 160,588 273,208 239,263 245,119 242,580 235,093
Change - -22.78% 37.51% 70.13% -12.42% 2.45% -1.04% -3.09%
P/E 28x 49.2x 45.7x 89.2x 33.2x 29.6x 26.3x 22.3x
PBR 3.78x 2.81x 3.78x 6.06x 5.43x 5.23x 4.85x 4.3x
PEG - -0.9x 0.8x -6.8x 0x 2x 2x 1.2x
Capitalization / Revenue 5.29x 3.64x 5.2x 8.04x 6.59x 6.12x 5.47x 4.87x
EV / Revenue 5.43x 3.78x 5.15x 7.99x 6.5x 6.06x 5.36x 4.63x
EV / EBITDA 15.1x 11.8x 15.9x 29x 20.4x 18.8x 16.3x 13.8x
EV / EBIT 18.4x 14.5x 18.4x 33.5x 23x 20.7x 17.7x 14.7x
EV / FCF 30.2x 26.9x 29x 66.4x 29x 24.4x 21x 18x
FCF Yield 3.31% 3.72% 3.44% 1.51% 3.44% 4.11% 4.75% 5.56%
Dividend per Share 2 1.95 2.05 2.2 2.35 2.5 2.688 3.02 3.397
Rate of return 1.56% 2.13% 1.58% 0.99% 1.2% 1.25% 1.41% 1.59%
EPS 2 4.46 1.96 3.05 2.65 6.28 7.229 8.16 9.629
Distribution rate 43.7% 105% 72.1% 88.7% 39.8% 37.2% 37% 35.3%
Net sales 1 27,842 30,871 31,207 34,176 36,800 40,430 45,257 50,813
EBITDA 1 10,005 9,929 10,094 9,433 11,730 13,011 14,883 17,072
EBIT 1 8,230 8,033 8,721 8,153 10,419 11,832 13,735 16,013
Net income 1 5,383 1,714 3,564 3,124 7,492 8,432 9,428 11,123
Net Debt 1 3,914 4,509 -1,792 -1,695 -3,381 -2,226 -4,765 -12,252
Reference price 2 124.90 96.39 139.48 236.30 208.35 214.30 214.30 214.30
Nbr of stocks (in thousands) 1,179,579 1,164,814 1,164,184 1,163,363 1,164,600 1,154,200 - -
Announcement Date 27/01/22 26/01/23 23/01/24 28/01/25 29/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.89x10.39x16.83x0.71% 4,127B
102.19x46.97x75.81x-.--% 414B
18.54x5.54x9.62x1.66% 386B
220.82x19.67x57.6x-.--% 285B
29.65x6.06x18.84x1.25% 278B
2071.16x40.3x131.83x-.--% 247B
76.13x6.95x18.22x-.--% 113B
13.62x3.62x7.57x-.--% 96.71B
40.06x11.03x28.47x-.--% 95.06B
Average 288.89x 16.73x 40.53x 0.4% 671.28B
Weighted average by Cap. 126.06x 13.89x 27.19x 0.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SAP SE

Historical PBR trend

Valuation ratios - PBR - SAP SE

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SAP SE

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SAP SE


Year-on-year evolution of the Yield

Valuation ratios - Yield - SAP SE