Financials SAP SE NYSE

Stocks

SAP

US8030542042

Software

Real-time Estimate Cboe BZX Other stock markets 01:32:22 12/06/2026 HKT			5-day change	1st Jan Change
162.73 ^USD	-4.45%		-13.73%	-33.54%

12:05am	German Stocks Little Changed as European Central Bank Raises Key Rates	MT
11:10pm	European Equities Traded in US as ADRs Rise in Thursday Trading	MT

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	40,170	45,259	50,223
Change	-	10.88%	1.09%	9.51%	7.68%	9.16%	12.67%	10.97%
EBITDA ¹	10,005	9,929	10,094	9,433	11,730	13,156	15,141	17,145
Change	-	-0.76%	1.66%	-6.55%	24.35%	12.16%	15.09%	13.23%
EBIT ¹	8,230	8,033	8,721	8,153	10,419	11,885	13,806	15,898
Change	-	-2.39%	8.56%	-6.51%	27.79%	14.07%	16.16%	15.16%
Interest Paid ¹	2,191	-1,580	-493	100	-112	-168.3	-128.8	-160
Earnings before Tax (EBT) ¹	6,850	3,092	5,292	4,764	10,482	11,607	13,578	15,839
Change	-	-54.86%	71.15%	-9.98%	120.03%	10.74%	16.98%	16.65%
Net income ¹	5,383	1,714	3,564	3,124	7,492	8,181	9,574	11,028
Change	-	-68.16%	107.93%	-12.35%	139.82%	9.2%	17.02%	15.19%
Announcement Date	27/1/22	26/1/23	23/1/24	28/1/25	29/1/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	6,669	6,845	7,981	7,077	7,517	7,841	8,436	7,441	7,554	7,744	8,468	8,041	8,288	8,470	9,377	9,013	9,027	9,076	9,684	9,555	9,816	10,067	10,718	10,646	10,934	11,245	11,965	11,911
Change	-	2.64%	16.6%	-11.33%	6.22%	4.31%	7.59%	-11.79%	1.52%	2.52%	9.35%	-5.04%	3.07%	2.2%	10.71%	-3.88%	0.16%	0.54%	6.7%	-1.33%	2.74%	2.56%	6.46%	-0.68%	2.71%	2.84%	6.4%	-0.45%
EBITDA ¹	2,357	2,539	2,935	2,137	2,153	2,586	3,052	2,240	2,407	2,606	2,841	1,846	2,253	2,561	2,773	2,804	2,887	2,884	3,154	3,172	3,178	3,240	3,512	3,413	3,472	4,032	4,270	4,036
Change	-	7.72%	15.6%	-27.19%	0.75%	20.11%	18.02%	-26.61%	7.46%	8.27%	9.02%	-35.02%	22.05%	13.67%	8.28%	1.12%	2.96%	-0.1%	9.36%	0.57%	0.2%	1.93%	8.41%	-2.81%	1.7%	16.14%	5.91%	-5.49%
EBIT ¹	1,922	2,100	2,468	1,677	1,680	2,094	2,581	1,875	2,058	2,278	2,510	1,533	1,940	2,244	2,436	2,455	2,568	2,566	2,829	2,867	2,898	2,965	3,240	3,216	3,267	3,490	3,766	3,662
Change	-	9.26%	17.52%	-32.05%	0.18%	24.64%	23.26%	-27.35%	9.76%	10.69%	10.18%	-38.92%	26.55%	15.67%	8.56%	0.78%	4.6%	-0.08%	10.25%	1.34%	1.09%	2.31%	9.25%	-0.73%	1.58%	6.82%	7.91%	-2.75%
Charge d'intérêts ¹	853	484	494	-56	-118	-389	-948	-112	-175	-75	-140	-193	-242	-1	-	-73	46	2	4	-35	-40.67	-40.33	-36.67	-34.67	-32.67	-30.67	-28.67	-40
Earnings before Tax (EBT) ¹	1,804	1,749	1,960	945	538	850	759	677	1,093	1,761	1,761	-980	1,387	2,151	2,207	2,468	2,502	2,745	2,767	2,746	2,810	2,881	3,169	3,112	3,170	3,288	3,552	3,502
Change	-	-3.05%	12.06%	-51.79%	-43.07%	57.99%	-10.71%	-10.8%	61.45%	61.12%	0%	-155.65%	241.53%	55.08%	2.6%	11.83%	1.38%	9.71%	0.8%	-0.76%	2.32%	2.55%	9.98%	-1.78%	1.83%	3.72%	8.03%	-1.39%
Net income ¹	1,356	1,420	1,447	632	203	547	332	407	728	1,272	1,185	-828	888	1,463	1,601	1,780	1,697	2,051	1,896	1,946	1,974	2,020	2,205	2,213	2,253	2,413	2,610	2,554
Change	-	4.72%	1.9%	-56.32%	-67.88%	169.46%	-39.31%	22.59%	78.87%	74.73%	-6.84%	-169.87%	207.25%	64.75%	9.43%	11.18%	-4.66%	20.86%	-7.56%	2.64%	1.45%	2.31%	9.18%	0.35%	1.82%	7.1%	8.18%	-2.17%
Announcement Date	21/7/21	12/10/21	27/1/22	22/4/22	21/7/22	25/10/22	26/1/23	21/4/23	20/7/23	18/10/23	23/1/24	22/4/24	22/7/24	21/10/24	28/1/25	22/4/25	22/7/25	22/10/25	29/1/26	23/4/26	-	-	-	-	-	-	-	-

¹EUR in Million

Estimates

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	-7,856	-15,834	-20,814
Change	-	15.2%	-139.74%	5.41%	-99.47%	-132.36%	-101.55%	-31.45%
Announcement Date	27/1/22	26/1/23	23/1/24	28/1/25	29/1/26	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: SAP SE

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	825	874	785	797	739	923.6	987.5	1,165
Change	-	5.94%	-10.18%	1.53%	-7.28%	24.98%	6.92%	17.94%
Free Cash Flow (FCF) ¹	5,010	4,348	5,530	4,113	8,239	9,984	11,199	12,280
Change	-	-13.21%	27.18%	-25.62%	100.32%	21.18%	12.17%	9.65%
Announcement Date	27/1/22	26/1/23	23/1/24	28/1/25	29/1/26	-	-	-

¹EUR in Million

Estimates

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%	32.75%	33.45%	34.14%
EBIT Margin (%)	29.56%	26.02%	27.95%	23.86%	28.31%	29.59%	30.5%	31.65%
EBT Margin (%)	24.6%	10.02%	16.96%	13.94%	28.48%	28.9%	30%	31.54%
Net margin (%)	19.33%	5.55%	11.42%	9.14%	20.36%	20.37%	21.15%	21.96%
FCF margin (%)	17.99%	14.08%	17.72%	12.03%	22.39%	24.85%	24.75%	24.45%
FCF / Net Income (%)	93.07%	253.68%	155.16%	131.66%	109.97%	122.04%	116.98%	111.35%
Profitability
ROA	12.87%	6.35%	8.32%	7.42%	9.91%	11.25%	12.04%	12.62%
ROE	24.3%	11.52%	14.03%	11.93%	15.89%	18.13%	19.43%	20.56%
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%	2.3%	2.18%	2.32%
CAPEX / EBITDA (%)	8.25%	8.8%	7.78%	8.45%	6.3%	7.02%	6.52%	6.79%
CAPEX / FCF (%)	16.47%	20.1%	14.2%	19.38%	8.97%	9.25%	8.82%	9.48%
Items per share
Cash flow per share ¹	5.261	4.805	5.352	4.477	7.792	9.31	10.97	12.61
Change	-	-8.67%	11.38%	-16.35%	74.06%	19.48%	17.81%	14.98%
Dividend per Share ¹	1.95	2.05	2.2	2.35	-	2.694	3.042	3.451
Change	-	5.13%	7.32%	6.82%	-	-	12.92%	13.43%
Book Value Per Share ¹	33.02	34.3	36.95	38.97	38.38	41.58	45.88	50.41
Change	-	3.9%	7.7%	5.48%	-1.51%	8.33%	10.34%	9.88%
EPS ¹	4.46	1.96	3.05	2.65	6.28	7.144	8.438	9.841
Change	-	-56.05%	55.61%	-13.11%	136.98%	13.75%	18.11%	16.63%
Nbr of stocks (in thousands)	1,179,579	1,164,814	1,164,184	1,163,363	1,164,600	1,167,559	1,167,559	1,167,559
Announcement Date	27/1/22	26/1/23	23/1/24	28/1/25	29/1/26	-	-	-