Added to YB: 2026-05-13
Pitch date: 2026-05-10
SAP [neutral]
SAP SE
-3.29%
current return
Author Info
No bio for this author
Company Info
SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide.
Market Cap
EUR 168.7B
Pitch Price
EUR 147.24
Price Target
N/A
Dividend
1.73%
EV/EBITDA
14.06
P/E
23.15
EV/Sales
4.47
Sector
Software
Category
growth
SAP: A giant threatened by AI?
SAP (overview): 50yr ERP leader, 400K customers incl 98 of top 100 cos globally. Cloud rev €21B (57% total, +24% CAGR since '16), driven by S/4HANA migration. Only 25% of 141K ERP customers migrated; 2027 on-prem support ends (forcing cloud shift). RISE/GROW programs fuel adoption. 85% recurring rev, 2% churn vs 5% industry avg. High switching costs = strong moat. Cloud ERP Suite +28% YoY. Risks: hyperscaler dependence (26% opex), AI disruption concerns drove -50% drawdown since Feb '25. Founders hold 11%.
Read full article (12 min)