SAP SE

NYSE-SAP

Basic

Market Cap
$215.83B
EV
$211.82B
Shares Out
1,160.52M
Revenue
€31.81B
Employees
108,133

Margins

Gross
72.53%
EBITDA
24.06%
Operating
21.63%
Pre-Tax
11.58%
Net
15.19%
FCF
18.87%

Returns (5Yr Avg)

ROA
6.85%
ROTA
14.42%
ROE
12.72%
ROCE
12.71%
ROIC
7.87%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
$203.55
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
€13.61B
Net Debt
-€4,008M
Debt/Equity
0.22
EBIT/Interest
11.66

Growth (CAGR)

Rev 3Yr
5.4%
Rev 5Yr
4.49%
Rev 10Yr
6.52%
Dil EPS 3Yr
-3.47%
Dil EPS 5Yr
8.46%
Dil EPS 10Yr
3.92%
Rev Fwd 2Yr
9.44%
EBITDA Fwd 2Yr
7%
EPS Fwd 2Yr
-5.69%
EPS LT Growth Est
14.76%

Dividends

Yield
—
Payout
99.7%
DPS
€2.2
DPS Growth 3Yr
5.95%
DPS Growth 5Yr
7.96%
DPS Growth 10Yr
8.2%
DPS Growth Fwd 2Yr
5.64%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						27,554	27,338	26,953	29,519	31,207	31,806
Other Revenues, Total	—	—	—	—	—	-1	—	—	1	—	—
Total Revenues						27,553	27,338	26,953	29,520	31,207	31,806
Total Revenues % Chg.						11.5%	-0.8%	-1.4%	9.5%	5.7%	5.4%
Cost of Goods Sold, Total						8,355	7,885	7,219	7,949	8,604	8,736
Gross Profit						19,198	19,453	19,734	21,571	22,603	23,070
Selling General & Admin Expenses, Total						9,322	8,462	8,043	8,940	9,769	9,768
R&D Expenses						4,292	4,454	5,270	6,069	6,317	6,409
Other Operating Expenses						-18	110	33	180	16	12
Other Operating Expenses, Total						13,596	13,026	13,346	15,189	16,102	16,189
Operating Income						5,602	6,427	6,388	6,382	6,501	6,881
Interest Expense, Total						-362	-255	-206	-272	-639	-590
Interest And Investment Income						—	—	29	100	376	393
Net Interest Expenses						-362	-255	-177	-172	-263	-197
Currency Exchange Gains (Loss)						-51	-154	51	-144	46	46
Other Non Operating Income (Expenses)						-649	-589	-89	-66	-82	-214
EBT, Excl. Unusual Items						4,540	5,429	6,173	6,000	6,202	6,516
Restructuring Charges						-1,130	3	-157	-138	-215	-2,197
Merger & Related Restructuring Charges	—	—	—	—	—	—	—	—	-330	-345	-336
Gain (Loss) On Sale Of Investments						1,187	1,595	2,413	-1,194	-145	-145
Gain (Loss) On Sale Of Assets	—	—	—	—	—	—	194	77	175	—	—
Legal Settlements		—	—	—	—	—	—	—	—	—	—
Other Unusual Items	—	—	—	—	—	—	—	—	—	-155	-155
EBT, Incl. Unusual Items						4,597	7,221	8,506	4,513	5,342	3,683
Income Tax Expense						1,226	1,938	1,682	1,446	1,741	1,310
Earnings From Continuing Operations						3,371	5,283	6,824	3,067	3,601	2,373
Earnings Of Discontinued Operations	—	—	—	—	—	—	—	-1,447	-1,359	2,363	2,257
Minority Interest	—					-50	-138	-121	576	175	202
Net Income						3,321	5,145	5,256	2,284	6,139	4,832
Net Income to Common Incl Extra Items						3,321	5,145	5,256	2,284	6,139	4,832
Net Income to Common Excl. Extra Items						3,321	5,145	6,703	3,643	3,776	2,575
Total Shares Outstanding						1,193.6	1,179.6	1,179.6	1,167.1	1,167.2	1,167
Weighted Avg. Shares Outstanding						1,194	1,182	1,180	1,170	1,167	1,167
Weighted Avg. Shares Outstanding Dil						1,194	1,182	1,180	1,175	1,180	1,178.3
EPS						2.8	4.4	4.5	2	5.3	4.1
EPS Diluted						2.8	4.4	4.5	1.9	5.2	4.1
EBITDA						7,474	8,258	7,925	7,246	7,326	7,654
Effective Tax Rate						26.7%	26.8%	19.8%	32%	32.6%	35.6%