GuruFocus·Oct 1, 2026
SAP DCF Analysis: Intrinsic Value $103 vs Price $208On October 01, 2026, we delve into the DCF analysis for SAP SE (SAP), a company that has seen its stock price decline significantly over the past year. The curr
SAP's strategic pivot to cloud subscriptions is yielding tangible margin benefits, with operating margin expanding from 14.7% in 2024Q2 to 26.8% in 2026Q2, while gross margin remains resilient near 73%. However, revenue growth has decelerated to 9.4% in 2026Q2...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth decelerated to 9.4% in 2026Q2, yet operating margin improved to 26.8% from 14.7% in 2024Q2, reflecting disciplined cost management and cloud transition benefits.
SAP has reported strong quarterly earnings, exceeding analyst expectations with significant revenue increases.
The current stock price is around $171, lower than its 12-month high of $313.28, suggesting a potential buying opportunity.
A consensus rating of 'Moderate Buy' from analysts indicates confidence in SAP's future performance.
Recent downgrades from several analysts, shifting from 'buy' to 'hold,' suggest concerns about the stock's short-term performance.
SAP's beta of 1.24 indicates it may be more sensitive to market fluctuations, posing risks for conservative investors.
The company faces significant competition in the software industry, which could impact its market share and profitability.
Trailing total returns as of 10/11/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $1.85-7.5% vs $2.00 | $11.2B-0.5% vs $11.3B |
Q2 2026 Apr 23, 2026 | $2.01+4.7% vs $1.92 | $11.2B-0.1% vs $11.2B |
Q1 2026 Jan 29, 2026 | $1.89+6.8% vs $1.77 | $11.6B+1.4% vs $11.4B |
Q4 2025 Oct 22, 2025 | $1.86+6.9% vs $1.74 | $10.5B-0.7% vs $10.6B |
On October 01, 2026, we delve into the DCF analysis for SAP SE (SAP), a company that has seen its stock price decline significantly over the past year. The curr
HANOI, Vietnam--(BUSINESS WIRE)---- $FPT #FPT--Global technology corporation FPT has been included among the notable providers in The SAP Services Landscape, Q3 2026, published by Forrester Research, Inc. The report provides an overview of SAP services providers, examining their market focus, geographic presence, and business specializations to support enterprises in evaluating potential technology partners. The report includes FPT as a systems integrator with an Asia Pacific geographic focus and an industry.
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp, the intelligent Data Infrastructure company, today announced its intent to expand its long-standing partnership with SAP, with plans to explore deeper cloud-native integration of NetApp capabilities into SAP Cloud Infrastructure, SAP's Infrastructure-as-a-Service platform. The NetApp Platform supports key elements of the SAP Cloud Infrastructure storage architecture, delivering reliable, highly available and high-performance file and block storage serv.
SAP's cloud revenue surged 24% in Q2 as AI capabilities, ERP migrations and new agents strengthen its growth strategy.
Benchmark SAP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for SAP SE (SAP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $214.78 | $250.27B | 32.00 | 7.68% | 19.46% | 15.73% | 1.17% | |
| $141.53 | $407.05B | 24.28 | 17.35% | 26.36% | 42.1% | — | |
| $535.07 | $3.97T | 29.81 | 17.79% | 40.31% | 33.22% | — | |
| $140.86 | $145.63B | 84.35 | 20.88% | 11.34% | 13.77% | — | |
| $302.75 | $82.81B | 22.15 | 15.63% | 21.29% | 23.42% | — | |
| $235.35 | $49.69B | 45.00 | 17.53% | 21.08% | 52.5% | — |
SAP SE (SAP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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SAP SE (SAP) stock FAQ — growth, dividends, profitability & financials explained
SAP SE (SAP) reported $38.19B in revenue for fiscal year 2025. This represents a 926% increase from $3.72B in 1996.
SAP SE (SAP) grew revenue by 7.7% over the past year. This is steady growth.
Yes, SAP SE (SAP) is profitable, generating $7.80B in net income for fiscal year 2025 (19.5% net margin).
Yes, SAP SE (SAP) pays a dividend with a yield of 1.17%. This makes it attractive for income-focused investors.
SAP SE (SAP) has a return on equity (ROE) of 15.7%. This is reasonable for most industries.
SAP SE (SAP) generated $8.71B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
