Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
DCF Valuation
Base-case fair value
€129.87
Intrinsic €173.16 · 25% MOS
Current price: €158.79
Base-case summary
Our base-case DCF for SAP SE (SAP) projects 10 years of free cash flow growth at 7.9% for years 1–5 and 4.0% for years 6–10, anchored to 7.9% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from €8.1B in trailing free cash flow, this produces an intrinsic value of €173.16 per share. A 25% safety margin gives a fair value of €129.87, suggesting the stock is currently 18% overvalued against the €158.79 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
€8.1B
Cash & equivalents
€9.8B
Total debt
€7.5B
Shares outstanding
1.2B