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Earnings transcript
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SAP
SAP SE
$149.51
-5.71
(-3.68%)
| Exchange: | NYSE |
| Market Cap: | 174.214B |
| Shares Outstanding: | 1.252B |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Christian Klein | |||||
| Full Time Employees: | 108187 | |||||
| Address: |
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| Website: | https://www.sap.com |
SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. The company’s core enterprise resource planning (ERP) platform, SAP S/4HANA, offers robust functionalities for finance, risk management, project execution, procurement, manufacturing, supply chain optimization, asset management, and research and development. For human resources, SAP delivers SuccessFactors solutions, which encompass HR and payroll, talent and employee experience management, and comprehensive people and workforce analytics. Additionally, SAP provides spend management tools designed to handle direct and indirect expenditures, travel and expense reporting, and external workforce administration. SAP further extends its portfolio with customer experience solutions and the SAP Business Technology Platform, empowering both clients and partners to develop, integrate, and automate applications. Its SAP Business Network serves as a crucial business-to-business collaboration platform, digitizing key supply chain processes and facilitating seamless communication among trading partners. The company also offers SAP Signavio for discovering, analyzing, and enhancing business process operations, alongside modular industry-specific cloud solutions. Through Taulia, SAP provides working capital management solutions, helping customers improve liquidity visibility and mitigate the effects of inflation. Completing its extensive offerings, SAP also provides a range of sustainability solutions and services.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 31,207,000 | 34,176,000 | 36,800,000 |
| Gross Profit | 22,534,000 | 24,932,000 | 26,814,000 |
| EBITDA | 8,027,000 | 7,075,000 | 12,073,000 |
| Operating Income | 5,799,000 | 4,665,000 | 9,620,000 |
| Net Income | 6,139,000 | 3,124,000 | 7,161,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 68,335,000 | 74,122,000 | 70,332,054 |
| Total Liabilities | 24,929,000 | 28,314,000 | 25,114,307 |
| Total Stockholders Equity | 43,157,000 | 45,440,000 | 44,732,953 |
| Total Debt | 8,790,000 | 10,651,000 | 8,067,565 |
| Cash and Cash Equivalents | 8,124,000 | 9,609,000 | 8,216,502 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 6,332,000 | 5,220,000 | 8,646,715.308 |
| Capital Expenditure | -785,000 | -797,000 | -709,833.656 |
| Free Cash Flow | 5,547,000 | 4,423,000 | 7,936,881.652 |
| Net Income | 5,964,000 | 3,124,000 | 7,037,823.046 |
| Net Change in Cash | -884,000 | 1,485,000 | -252,045.179 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 59,444,819.676 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 62,756,101.337 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 60,435,669.406 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 17,601,679.792 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 18,582,154.118 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 17,895,071.542 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 14,107,261.512 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 15,133,964.762 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 14,414,488.762 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 18,207,566.769 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 19,221,791.092 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 18,511,057.683 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 12.270 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 12.880 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.010 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 4 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: SAP reported a strong performance in 2025, with key financial results from the Q4 and Full Year 2025 Earnings Call indicating achievement of operational targets. Revenue and net income growth align with historical data from income statements, supported by consistent operating cash flow and free cash flow as per cash flow statements, reflecting financial stability.
- Innovation Leadership: The earnings call highlighted SAP's advancements in cloud solutions and AI integration as key drivers of growth. This focus on cutting-edge technology positions SAP favorably within the software and IT services industry, as evidenced by product segment revenue data showing strength in innovative categories.
- Strong Market Position: With a substantial market capitalization and a presence in the technology sector (as per company profile data), SAP benefits from a global footprint and a large employee base, enabling scalability and operational resilience.
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Intrinsic Value Calculator
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Common questions about SAP valuation
Is SAP SE (SAP) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for SAP SE (SAP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SAP a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SAP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SAP’s P/E ratio?
You can see SAP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SAP?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SAP a good long-term investment?
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SAP
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Daily snapshot
-3.68
Trading Metrics:
| Open: | 150.43 | Previous Close: | 155.22 | |
| Day Low: | 149.19 | Day High: | 152.85 | |
| Year Low: | 149.19 | Year High: | 313.28 | |
| Price Avg 50: | 173.06 | Price Avg 200: | 218.47 | |
| Volume: | 2.735M | Average Volume: | 3.491M |
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Login — it's freeSAP full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of SAP SE, a global powerhouse in enterprise software. If you’re looking to understand whether SAP is a solid addition to your portfolio, stick around because we’re breaking down everything from financials to recent performance, valuation, and more. Let’s get started! Alright, let’s set the stage. SAP is a name you’ve likely heard if you’re into tech or business software. Based in Walldorf, Germany, this…
