SAP is engaged in selling licenses for software solutions and related support services. Co. derives its revenue from fees charged to its customers for the use of its cloud solutions and for licensing of on-premise software products and solutions. Additional sources of revenue are support, professional services, development, training, and other services. Co. has more than 300,000 customers in over 180 countries. Co.'s SAP HANA platform holds the ability to simplify both the user experience and the overall IT landscape, creating a smaller data footprint, increased system throughput, and easier data processing and operation.
  • TickerSAP
  • ISINDE0007164600
  • SectorSoftware & Computer Services
  • CountryGermany

Analysts

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

SAP SE - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

Charles Lepetitpas ...
  • Nicolas David

ODDO : COVID-19: a very significant impact but opportunities there for the taking

The COVID-19 crisis will impact significantly the software and IT services sector. Against this backdrop, we favour players with defensive profiles, low debt and/or which have undergone excessive corrections. Atos is our natural Top Pick. We are upgrading Sopra Steria and SAP to Buy and downgrading Amadeus to Reduce, Assystem and Wavestone to Neutral. - >We are revising our 2020 and 2021 EPS estimates by respectively -23% and -12% - To estimate the potential impact of ...

Charles Lepetitpas ...
  • Nicolas David

ODDO : COVID-19 : un impact très significatif mais des opportunités à saisir

La crise du COVID-19 va impacter significativement le secteur des logiciels et Services IT. Dans ce contexte nous privilégions les acteurs au profil défensif, ayant un bilan peu endetté et/ou ayant trop corrigé. Atos ressort comme un top pick naturel. Nous relevons Sopra Steria et SAP à l’Achat et abaissons Amadeus à Alléger puis Assystem et Wavestone à Neutre. - >Nous révisons les BPA 2020e et 2021e de respectivement -23% et -12% - Afin d’estimer l’impact potentiel de...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

Int'l Equity Strategy Global equities were on a tear in early January, continuing the trend that began in 4Q2019. As global equities started to get extended, the coronavirus outbreak hit in mid-January, leading to some market setbacks and deterioration in market indicators as global growth expectations were dialed-in. Despite this deterioration, what was important to us was that there were not any breakdowns. Even the areas of the market most-directly affected by the outbreak -- China (MSCI China) and EM (MSCI EM) -- were not breaking down. To us, this was a reassuring sign of underlying stre...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Equity Strategy

Int'l Equity Strategy Global equities staged an impressive rally over the first four months of 2019. The nearly unabated advance allowed the broad major indexes (MSCI ACWI, ACWI ex-US, and EAFE) to break topside critical 14-month downtrends which began in January 2018. Heading into May, YTD uptrends were ubiquitous and market participants were generally of the belief that a US-China trade deal was a foregone conclusion. Then came Trump's May 5th tweets claiming China was attempting to renegotiate, and that tariffs would increase from 10% to 25%. The tariff escalation contributed to uptrend br...

Jérôme VINERIER

Short term view - SAP AG VZ : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €87.70. The bearish trend would be challenged above €108.30.

Jérôme VINERIER

Analyse court terme - SAP AG VZ : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 87,70 €. La tendance baissière serait remise en cause au-dessus de 108,30 €.

Jérôme VINERIER

Analyse court terme - SAP AG VZ : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 87,70 €, puis 81,00 €. Le franchissement de 108,30 € remettrait en cause la suite de la baisse.

SAP Se: 1 director sold

A director at SAP Se sold 289 shares at 119.027EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

Charles Lepetitpas ...
  • Nicolas David

ODDO : COVID-19: a very significant impact but opportunities there for the taking

The COVID-19 crisis will impact significantly the software and IT services sector. Against this backdrop, we favour players with defensive profiles, low debt and/or which have undergone excessive corrections. Atos is our natural Top Pick. We are upgrading Sopra Steria and SAP to Buy and downgrading Amadeus to Reduce, Assystem and Wavestone to Neutral. - >We are revising our 2020 and 2021 EPS estimates by respectively -23% and -12% - To estimate the potential impact of ...

Charles Lepetitpas ...
  • Nicolas David

ODDO : COVID-19 : un impact très significatif mais des opportunités à saisir

La crise du COVID-19 va impacter significativement le secteur des logiciels et Services IT. Dans ce contexte nous privilégions les acteurs au profil défensif, ayant un bilan peu endetté et/ou ayant trop corrigé. Atos ressort comme un top pick naturel. Nous relevons Sopra Steria et SAP à l’Achat et abaissons Amadeus à Alléger puis Assystem et Wavestone à Neutre. - >Nous révisons les BPA 2020e et 2021e de respectivement -23% et -12% - Afin d’estimer l’impact potentiel de...

Charles Lepetitpas ...
  • Nicolas David

ODDO : COVID-19: a very significant impact but opportunities there for the taking

The COVID-19 crisis will impact significantly the software and IT services sector. Against this backdrop, we favour players with defensive profiles, low debt and/or which have undergone excessive corrections. Atos is our natural Top Pick. We are upgrading Sopra Steria and SAP to Buy and downgrading Amadeus to Reduce, Assystem and Wavestone to Neutral. - >We are revising our 2020 and 2021 EPS estimates by respectively -23% and -12% - To estimate the potential impact of ...

Charles Lepetitpas ...
  • Nicolas David

ODDO : COVID-19 : un impact très significatif mais des opportunités à saisir

La crise du COVID-19 va impacter significativement le secteur des logiciels et Services IT. Dans ce contexte nous privilégions les acteurs au profil défensif, ayant un bilan peu endetté et/ou ayant trop corrigé. Atos ressort comme un top pick naturel. Nous relevons Sopra Steria et SAP à l’Achat et abaissons Amadeus à Alléger puis Assystem et Wavestone à Neutre. - >Nous révisons les BPA 2020e et 2021e de respectivement -23% et -12% - Afin d’estimer l’impact potentiel de...

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 22 AL 29 ENERO 2020 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Grifols Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

SAP SE - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

SAP SE: Update to credit analysis

Our credit view of SAP, reflecting its market leadership in ERP software and also its transition towards a cloud-based business.

SAP SE - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

SAP SE - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's announces completion of a periodic review of ratings of SAP SE

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SAP SE. Global Credit Research- 31 Jul 2019. Frankfurt am Main, July 31, 2019-- Moody's Investors Service has completed a periodic review of the ratings of SAP SE and other ratings that are associated with the same analytical unit.

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Danjou
  • Jean Sassus
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/29/2020

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Danjou
  • Jean Sassus
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/01/2020

...

Alfred Glaser ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Sassus
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/28/2020

We have upgraded our recommendation for Edenred to Buy and our target price to € 60.0. The group, now part of the payment services universe, should continue to deliver solid growth in underpenetrated niche markets, with considerable scope to improve its profitability whilst at the same time maintaining significant FCF generation. The current valuation nonetheless remains discounted vs the payment services sector. - ...

Alfred Glaser ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Sassus
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/01/2020

Nous relevons notre recommandation à Achat sur Edenred et notre OC à 60.0 €. Le groupe, désormais inscrit dans l’univers des paiements, continuera d’enregistrer une croissance solide sur des marchés de niche sous-pénétrés, avec un potentiel important pour améliorer sa rentabilité tout en maintenant une génération de FCF significative. La valorisation actuelle reste néanmoins décotée par rapport au secteur des paiements. - ...

Alexandre Iatrides ...
  • Charles Lepetitpas
  • François Maury
  • Georges Dieng
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/13/2019

We have downgraded our recommendation to Reduce (vs Neutral) with a target price lowered to € 2.30 (vs € 2.40). Intesa Sanpaolo is still a quality stock thanks to its operating efficiency and robust balance sheet. Yet the main driver of its investment case, the dividend, is increasingly under fire due to the deterioration in the operating environment (interest rates, the Italian economy, etc.) in tandem with regulatory constraints (credit risk in particular). The justification of the ...

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

ValuEngine Toronto Quantitative Stock Report for SAP

Expert Corporate Governance Service (ECGS)

SAP - AGM 15 May 2019

Item 5: We recommend opposing the re-election of KPMG as auditor. While we have no concerns over the ratio of non-audit/audit fees we note that KPMG has audited the Company since the financial year 2002 which exceeds our maximum acceptable term of office of 10 years in case no audit tender has taken place after the initial engagement period which has not been disclosed by the Company.  Items 6a, 6b, 6e, 6f and 6g: We recommend to oppose the re-election of various Board members due to concerns over aggregate time commitments or independence concerns.

SAP SE – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch