Company Valuation: SAP SE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 127,680 147,329 112,276 162,380 274,903 245,672 - -
Change - 15.39% -23.79% 44.63% 69.3% -10.63% - -
Enterprise Value (EV) 1 136,688 151,243 116,785 160,588 273,208 241,125 235,443 228,915
Change - 10.65% -22.78% 37.51% 70.13% -11.74% -2.36% -2.77%
P/E ratio 24.6x 28x 49.2x 45.7x 89.2x 35x 31x 25.9x
PBR 4.27x 3.78x 2.81x 3.78x 6.06x 5.35x 4.85x 4.34x
PEG - 11.07x -0.9x 0.8x -6.8x 0x 2.4x 1.3x
Capitalization / Revenue 4.67x 5.29x 3.64x 5.2x 8.04x 6.63x 5.96x 5.28x
EV / Revenue 5x 5.43x 3.78x 5.15x 7.99x 6.51x 5.72x 4.92x
EV / EBITDA 13.5x 15.1x 11.8x 15.9x 29x 21.3x 17.8x 14.8x
EV / EBIT 16.5x 18.4x 14.5x 18.4x 33.5x 23.4x 19.6x 16.2x
EV / FCF 22.8x 30.2x 26.9x 29x 66.4x 29.5x 24.6x 20.3x
FCF Yield 4.39% 3.31% 3.72% 3.44% 1.51% 3.39% 4.06% 4.92%
Dividend per Share 2 1.85 1.95 2.05 2.2 2.35 2.455 2.687 3.062
Rate of return 1.73% 1.56% 2.13% 1.58% 0.99% 1.16% 1.27% 1.45%
EPS 2 4.35 4.46 1.96 3.05 2.65 6.021 6.8 8.15
Distribution rate 42.5% 43.7% 105% 72.1% 88.7% 40.8% 39.5% 37.6%
Net sales 1 27,343 27,842 30,871 31,207 34,176 37,045 41,196 46,504
EBITDA 1 10,114 10,005 9,929 10,094 9,433 11,323 13,224 15,491
EBIT 1 8,283 8,230 8,033 8,721 8,153 10,322 12,042 14,094
Net income 1 5,280 5,383 1,714 3,564 3,124 7,097 7,980 9,473
Net Debt 1 9,008 3,914 4,509 -1,792 -1,695 -4,548 -10,229 -16,757
Reference price 2 107.22 124.90 96.39 139.48 236.30 210.95 210.95 210.95
Nbr of stocks (in thousands) 1,190,824 1,179,579 1,164,814 1,164,184 1,163,363 1,164,600 - -
Announcement Date 29/01/21 27/01/22 26/01/23 23/01/24 28/01/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.04x6.51x21.3x1.16% 286B
44.02x10.95x20.48x0.92% 636B
97.65x12.88x35.52x-.--% 177B
4.85x170x2304.25x - 53.06B
73.16x4.53x15.97x0.17% 50.75B
49.6x18.08x29.99x-.--% 41.54B
66.13x3.1x30.67x-.--% 20.82B
692.98x6.09x27.02x-.--% 20.56B
47.12x5.75x19.97x - 19.62B
154.91x11.41x53.47x-.--% 17.06B
Average 126.55x 24.93x 255.86x 0.28% 132.24B
Weighted average by Cap. 60.90x 16.34x 115.11x 0.74%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield