Company Valuation: SAP SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 147,329 112,276 162,380 274,903 242,644 217,013 - -
Change - -23.79% 44.63% 69.3% -11.73% -10.56% - -
Enterprise Value (EV) 1 151,243 116,785 160,588 273,208 239,263 215,034 212,330 204,683
Change - -22.78% 37.51% 70.13% -12.42% -10.13% -1.26% -3.6%
P/E 28x 49.2x 45.7x 89.2x 33.2x 26.6x 23x 19.6x
PBR 3.78x 2.81x 3.78x 6.06x 5.43x 4.64x 4.31x 3.81x
PEG - -0.9x 0.8x -6.8x 0x 2.1x 1.5x 1.1x
Capitalization / Revenue 5.29x 3.64x 5.2x 8.04x 6.59x 5.39x 4.82x 4.31x
EV / Revenue 5.43x 3.78x 5.15x 7.99x 6.5x 5.34x 4.72x 4.06x
EV / EBITDA 15.1x 11.8x 15.9x 29x 20.4x 16.8x 14.5x 12.2x
EV / EBIT 18.4x 14.5x 18.4x 33.5x 23x 18.3x 15.7x 13.2x
EV / FCF 30.2x 26.9x 29x 66.4x 29x 21.5x 18.7x 16x
FCF Yield 3.31% 3.72% 3.44% 1.51% 3.44% 4.66% 5.36% 6.25%
Dividend per Share 2 1.95 2.05 2.2 2.35 2.5 2.679 3.004 3.389
Rate of return 1.56% 2.13% 1.58% 0.99% 1.2% 1.43% 1.6% 1.81%
EPS 2 4.46 1.96 3.05 2.65 6.28 7.065 8.143 9.576
Distribution rate 43.7% 105% 72.1% 88.7% 39.8% 37.9% 36.9% 35.4%
Net sales 1 27,842 30,871 31,207 34,176 36,800 40,264 44,991 50,368
EBITDA 1 10,005 9,929 10,094 9,433 11,730 12,772 14,676 16,801
EBIT 1 8,230 8,033 8,721 8,153 10,419 11,722 13,520 15,503
Net income 1 5,383 1,714 3,564 3,124 7,492 8,190 9,225 10,850
Net Debt 1 3,914 4,509 -1,792 -1,695 -3,381 -1,979 -4,682 -12,329
Reference price 2 124.90 96.39 139.48 236.30 208.35 187.62 187.62 187.62
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.($)
26.85x9.91x16.2x0.73% 3,930B
123.73x54.75x89.15x-.--% 462B
21.79x6.15x10.76x1.38% 439B
266.42x23.8x69.69x-.--% 343B
2788.6x46.79x153.01x-.--% 286B
26.7x5.36x16.89x1.42% 245B
89.31x8.68x23.22x-.--% 143B
61.85x16.7x43.99x-.--% 140B
497.08x21.33x84.3x-.--% 99.91B
Average 433.59x 21.50x 56.36x 0.39% 676.5B
Weighted average by Cap. 187.12x 15.69x 32.73x 0.63%

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