Added to YB: 2026-08-13
Pitch date: 2026-08-11
SAP [bullish]
SAP SE
-2.41%
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 208.6B
Pitch Price
EUR 180.30
Price Target
240.00 (+33%)
Dividend
1.38%
EV/EBITDA
17.23
P/E
27.06
EV/Sales
5.43
Sector
Software
Category
value
SAP SE - $SAP Write Up
SAP: Undervalued at ~€240+ intrinsic value (~40% upside), compounding ~20% p.a. (15% earnings growth + 5% FCF yield). AI can't replace deterministic ERP. New API policy makes SAP the AI orchestration layer/toll road, enabling monetization. Cloud migration adds $20-30bn rev upside; moat intact via high switching costs. Joule (Claude-powered) sits inside SAP perimeter. DCF assumes zero AI monetization, so true value higher.
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