Company Valuation: SAP SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 147,329 112,276 162,380 274,903 242,644 246,018 - -
Change - -23.79% 44.63% 69.3% -11.73% 1.39% - -
Enterprise Value (EV) 1 151,243 116,785 160,588 273,208 239,263 243,791 241,252 233,765
Change - -22.78% 37.51% 70.13% -12.42% 1.89% -1.04% -3.1%
P/E 28x 49.2x 45.7x 89.2x 33.2x 29.5x 26.1x 22.1x
PBR 3.78x 2.81x 3.78x 6.06x 5.43x 5.21x 4.82x 4.27x
PEG - -0.9x 0.8x -6.8x 0x 2x 2x 1.2x
Capitalization / Revenue 5.29x 3.64x 5.2x 8.04x 6.59x 6.09x 5.44x 4.84x
EV / Revenue 5.43x 3.78x 5.15x 7.99x 6.5x 6.03x 5.33x 4.6x
EV / EBITDA 15.1x 11.8x 15.9x 29x 20.4x 18.7x 16.2x 13.7x
EV / EBIT 18.4x 14.5x 18.4x 33.5x 23x 20.6x 17.6x 14.6x
EV / FCF 30.2x 26.9x 29x 66.4x 29x 24.2x 20.9x 17.9x
FCF Yield 3.31% 3.72% 3.44% 1.51% 3.44% 4.13% 4.78% 5.59%
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% 1.26% 1.42% 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 96.39 139.48 236.30 208.35 213.15 213.15 213.15
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 1/27/22 1/26/23 1/23/24 1/28/25 1/29/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.02x9.97x16.25x0.72% 3,955B
128.24x56.72x92.32x-.--% 478B
18.98x5.51x9.6x1.58% 382B
247.74x22.1x64.71x-.--% 319B
29.36x6x18.66x1.27% 274B
2618.3x43.86x143.47x-.--% 269B
100.42x9.96x26.67x-.--% 164B
59.67x15.99x42.13x-.--% 135B
14.18x3.77x7.88x-.--% 101B
Average 360.43x 19.32x 46.85x 0.4% 675.11B
Weighted average by Cap. 163.25x 15.35x 30.81x 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