Added to YB: 2026-06-30
Pitch date: 2026-06-27
SAP [bullish]
SAP SE
-0.35%
current return
Author Info
HatedMoats identifies hated moats. I buy companies when the market panics. Contrarian investor focused on quality, value & long-term growth. Sign up for the newsletter.
Company Info
SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide.
Market Cap
EUR 157.8B
Pitch Price
EUR 137.12
Price Target
260.00 (+90%)
Dividend
1.85%
EV/EBITDA
13.14
P/E
21.66
EV/Sales
4.18
Sector
Software
Category
value
SAP: DCF Valuation
SAP: DCF values ADR at $260 base case vs $155 price = 40% margin of safety. Base assumes 6.9% rev CAGR, IFRS EBIT margin expanding 28.5%→33%, 7.49% WACC, 2.5% terminal growth. Q1 cloud +27%, FY26 rev €40.2B (+9.1%). Bear $141, bull $349. Sticky mission-critical moat, cloud migration + AI efficiencies. Risk: bear case offers little downside protection at current price.
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