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Market Closed -
Xetra
11:35:28 2026-10-16 EDT
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5-day change | 1st Jan Change | ||
| 199.22 EUR | -1.01% |
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+7.91% | -4.38% |
| 10-16 | European shares close out best week since June as earnings soften blow from tech selloff | RE |
| 10-16 | Dax searches for direction after strong week, worries remain | DP |
Projected Income Statement: SAP SE
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,842 | 30,871 | 31,207 | 34,176 | 36,800 | 40,271 | 45,000 | 50,394 |
| Change | - | 10.88% | 1.09% | 9.51% | 7.68% | 9.43% | 11.74% | 11.99% |
| EBITDA 1 | 10,005 | 9,929 | 10,094 | 9,433 | 11,730 | 12,785 | 14,709 | 16,839 |
| Change | - | -0.76% | 1.66% | -6.55% | 24.35% | 9% | 15.05% | 14.48% |
| EBIT 1 | 8,230 | 8,033 | 8,721 | 8,153 | 10,419 | 11,700 | 13,579 | 15,644 |
| Change | - | -2.39% | 8.56% | -6.51% | 27.79% | 12.3% | 16.06% | 15.2% |
| Interest Paid 1 | 2,191 | -1,580 | -493 | 100 | -112 | -165.3 | -52.67 | -119 |
| Earnings before Tax (EBT) 1 | 6,850 | 3,092 | 5,292 | 4,764 | 10,482 | 11,561 | 13,222 | 15,499 |
| Change | - | -54.86% | 71.15% | -9.98% | 120.03% | 10.29% | 14.37% | 17.23% |
| Net income 1 | 5,383 | 1,714 | 3,564 | 3,124 | 7,492 | 8,222 | 9,251 | 10,847 |
| Change | - | -68.16% | 107.93% | -12.35% | 139.82% | 9.74% | 12.51% | 17.26% |
| Announcement Date | 1/27/22 | 1/26/23 | 1/23/24 | 1/28/25 | 1/29/26 | - | - | - |
Forecast Balance Sheet: SAP SE
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,914 | 4,509 | -1,792 | -1,695 | -3,381 | -2,001 | -4,740 | -12,413 |
| Change | - | 15.2% | -139.74% | 5.41% | -99.47% | 40.82% | -136.88% | -161.88% |
| Announcement Date | 1/27/22 | 1/26/23 | 1/23/24 | 1/28/25 | 1/29/26 | - | - | - |
Cash Flow Forecast: SAP SE
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 825 | 874 | 785 | 797 | 739 | 803.2 | 1,017 | 1,175 |
| Change | - | 5.94% | -10.18% | 1.53% | -7.28% | 8.69% | 26.59% | 15.59% |
| Free Cash Flow (FCF) 1 | 5,010 | 4,348 | 5,530 | 4,113 | 8,239 | 10,029 | 11,408 | 12,806 |
| Change | - | -13.21% | 27.18% | -25.62% | 100.32% | 21.73% | 13.75% | 12.25% |
| Announcement Date | 1/27/22 | 1/26/23 | 1/23/24 | 1/28/25 | 1/29/26 | - | - | - |
Forecast Financial Ratios: SAP SE
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 35.93% | 32.16% | 32.35% | 27.6% | 31.88% | 31.75% | 32.69% | 33.42% |
| EBIT Margin (%) | 29.56% | 26.02% | 27.95% | 23.86% | 28.31% | 29.05% | 30.18% | 31.04% |
| EBT Margin (%) | 24.6% | 10.02% | 16.96% | 13.94% | 28.48% | 28.71% | 29.38% | 30.76% |
| Net margin (%) | 19.33% | 5.55% | 11.42% | 9.14% | 20.36% | 20.42% | 20.56% | 21.52% |
| FCF margin (%) | 17.99% | 14.08% | 17.72% | 12.03% | 22.39% | 24.9% | 25.35% | 25.41% |
| FCF / Net Income (%) | 93.07% | 253.68% | 155.16% | 131.66% | 109.97% | 121.98% | 123.33% | 118.07% |
Profitability | ||||||||
| ROA | 12.87% | 6.35% | 8.32% | 7.42% | 9.91% | 11.03% | 11.64% | 12.56% |
| ROE | 24.3% | 11.52% | 14.03% | 11.93% | 15.89% | 18.08% | 19.75% | 21.03% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 0.39x | 0.45x | - | - | - | - | - | - |
| Debt / Free cash flow | 0.78x | 1.04x | - | - | - | - | - | - |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 2.96% | 2.83% | 2.52% | 2.33% | 2.01% | 1.99% | 2.26% | 2.33% |
| CAPEX / EBITDA (%) | 8.25% | 8.8% | 7.78% | 8.45% | 6.3% | 6.28% | 6.91% | 6.98% |
| CAPEX / FCF (%) | 16.47% | 20.1% | 14.2% | 19.38% | 8.97% | 8.01% | 8.91% | 9.18% |
Items per share | ||||||||
| Cash flow per share 1 | 5.261 | 4.805 | 5.352 | 4.477 | 7.792 | 9.077 | 10.89 | 12.56 |
| Change | - | -8.67% | 11.38% | -16.35% | 74.06% | 16.49% | 19.92% | 15.42% |
| Dividend per Share 1 | 1.95 | 2.05 | 2.2 | 2.35 | 2.5 | 2.679 | 3.004 | 3.389 |
| Change | - | 5.13% | 7.32% | 6.82% | 6.38% | 7.15% | 12.16% | 12.79% |
| Book Value Per Share 1 | 33.02 | 34.3 | 36.95 | 38.97 | 38.38 | 40.47 | 43.57 | 49.28 |
| Change | - | 3.9% | 7.7% | 5.48% | -1.51% | 5.45% | 7.66% | 13.1% |
| EPS 1 | 4.46 | 1.96 | 3.05 | 2.65 | 6.28 | 7.019 | 8.065 | 9.483 |
| Change | - | -56.05% | 55.61% | -13.11% | 136.98% | 11.77% | 14.9% | 17.58% |
| Nbr of stocks (in thousands) | 1,179,579 | 1,164,814 | 1,164,184 | 1,163,363 | 1,164,600 | 1,154,200 | 1,154,200 | 1,154,200 |
| Announcement Date | 1/27/22 | 1/26/23 | 1/23/24 | 1/28/25 | 1/29/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 28.4x | 24.7x |
| PBR | 4.92x | 4.57x |
| EV / Sales | 5.66x | 5x |
| Yield | 1.34% | 1.51% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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Quarterly revenue - Rate of surprise
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