SAP market cap is €135.3 b, and annual revenue was €27.55 b in FY 2019

SAP Revenue growth (FY, 2018 - FY, 2019), %12%

SAP Gross profit (FY, 2019)19.2 B

SAP Gross profit margin (FY, 2019), %69.7%

SAP Net income (FY, 2019)3.4 B

SAP EBIT (FY, 2019)4.5 B

SAP Cash, 31-Dec-20195.3 B

SAP EV146.2 B

SAP revenue was €27.55 b in FY, 2019 which is a 11.5% year over year increase from the previous period.

SAP revenue breakdown by business segment: 11.7% from Intelligent Spend Group, 86.4% from Applications, Technology & Services and 1.9% from Other

SAP revenue breakdown by geographic segment: 15.4% from Asia Pacific Japan, 43.9% from EMEA and 40.6% from Americas

EUR | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 22.1b | 23.5b | 24.7b | 27.6b |

| 6% | 6% | 5% | 12% |

## Cost of goods sold | 6.6b | 7.1b | 7.5b | 8.4b |

## Gross profit | 15.5b | 16.4b | 17.2b | 19.2b |

| 70% | 70% | 70% | 70% |

## Sales and marketing expense | 6.3b | 6.9b | 6.8b | 7.7b |

## R&D expense | 3.0b | 3.4b | 3.6b | 4.3b |

## General and administrative expense | 1.0b | 1.1b | 1.1b | 1.6b |

## Operating expense total | 16.9b | 11.4b | 11.5m | 14.7b |

## EBIT | 5.1b | 4.9b | 5.7b | 4.5b |

| 23% | 21% | 23% | 16% |

## Interest expense | 268.0m | 278.0m | 418.0m | 418.0m |

## Interest income | 230.0m | 463.0m | 371.0m | 371.0m |

## Pre tax profit | 4.9b | 5.0b | 5.6b | 4.6b |

## Income tax expense | 1.2b | 970.0m | 1.5b | 1.2b |

## Net Income | 3.6b | 4.1b | 4.1b | 3.4b |

EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 5.3b | 5.8b | 5.6b | 5.3b | 6.0b | 6.0b | 6.1b | 6.6b | 6.8b |

## Cost of goods sold | 1.8b | 1.8b | 1.7b | 1.7b | 1.9b | 1.9b | 2.0b | 2.1b | 2.0b |

## Gross profit | 3.5b | 4.0b | 3.9b | 3.6b | 4.1b | 4.1b | 4.1b | 4.5b | 4.8b |

| 67% | 69% | 70% | 69% | 69% | 68% | 66% | 68% | 70% |

## Sales and marketing expense | 1.7b | 1.7b | 1.6b | 1.5b | 1.8b | 1.7b | 1.8b | 2.0b | 1.8b |

## R&D expense | 852.0m | 842.0m | 781.0m | 814.0m | 948.0m | 918.0m | 1.1b | 1.1b | 975.0m |

## General and administrative expense | 291.0m | 278.0m | 251.0m | 231.0m | 317.0m | 284.0m | 439.0m | 457.0m | 323.0m |

## Operating expense total | 4.6b | 4.9b | 4.3b | 2.6b | 5.0b | 4.8b | 4.2b | 3.7b | 3.1b |

## EBIT | 673.0m | 926.0m | 1.3b | 1.0b | 1.0b | 1.2b | (136.0m) | 827.0m | 1.7b |

| 13% | 16% | 24% | 19% | 17% | 21% | (2%) | 12% | 25% |

## Interest expense | 94.0m | 62.0m | 58.0m | 69.0m | 76.0m | 74.0m | 129.0m | 129.0m | 211.0m |

## Interest income | 107.0m | 36.0m | 130.0m | 43.0m | 142.0m | 84.0m | 129.0m | 158.0m | 253.0m |

## Pre tax profit | 668.0m | 908.0m | 1.4b | 990.0m | 1.0b | 1.3b | (140.0m) | 815.0m | 1.7b |

## Income tax expense | 138.0m | 242.0m | 398.0m | 282.0m | 309.0m | 304.0m | (33.0m) | 233.0m | 443.0m |

## Net Income | 530.0m | 666.0m | 993.0m | 708.0m | 720.0m | 974.0m | (108.0m) | 582.0m | 1.3b |

EUR | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 3.7b | 4.0b | 8.6b | 5.3b |

## Accounts Receivable | 6.1b | 6.0b | 6.5b | 8.0b |

## Current Assets | 11.7b | 11.9b | 16.6b | 15.2b |

## PP&E | 2.6b | 3.0b | 3.6b | 5.5b |

## Goodwill | 23.3b | 21.3b | 23.7b | 29.2b |

## Total Assets | 44.3b | 42.5b | 51.5b | 60.2b |

## Accounts Payable | 1.4b | 1.3b | 1.6b | 1.6b |

## Short-term debt | 1.8b | 1.6b | 1.1b | 3.3b |

## Current Liabilities | 9.7b | 10.2b | 10.5b | 14.5b |

## Long-term debt | 6.5b | 5.0b | 10.6b | 12.9b |

## Non-Current Liabilities | 8.2b | 6.7b | 12.1b | 14.9b |

## Total Debt | 8.3b | 6.6b | 11.7b | 16.2b |

## Total Liabilities | 17.9b | 17.0b | 22.6b | 29.4b |

## Common Stock | 1.2b | 1.2b | 1.2b | 1.2b |

## Additional Paid-in Capital | 599.0m | 570.0m | 543.0m | 545.0m |

## Retained Earnings | 22.3b | 24.8b | 27.4b | 28.8b |

## Total Equity | 26.4b | 25.5b | 28.9b | 30.8b |

## Debt to Equity Ratio | 0.3 x | 0.3 x | 0.4 x | 0.5 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.3 x |

## Financial Leverage | 1.7 x | 1.7 x | 1.8 x | 2 x |

EUR | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 3.6b | 4.1b | 4.1b | 3.4b |

## Depreciation and Amortization | 1.3b | 1.3b | 1.4b | 1.9b |

## Accounts Receivable | (675.0m) | (309.0m) | 136.0m | (1.5b) |

## Accounts Payable | 513.0m | 389.0m | 93.0m | 328.0m |

## Cash From Operating Activities | 4.6b | 5.0b | 4.3b | 3.5b |

## Purchases of PP&E | (1.0b) | (1.3b) | (1.5b) | (817.0m) |

## Cash From Investing Activities | (1.8b) | (1.1b) | (3.1b) | (7.0b) |

## Long-term Borrowings | (1.4b) | (1.4b) | (1.4b) | (1.7b) |

## Dividends Paid | (1.4b) | (1.5b) | (1.7b) | (1.8b) |

## Cash From Financing Activities | (2.7b) | (3.4b) | 3.3b | 102.0m |

## Net Change in Cash | 291.0m | 309.0m | 4.6b | (3.3b) |

## Interest Paid | 190.0m | 200.0m | 251.0m | 341.0m |

## Income Taxes Paid | 1.5b | 1.3b | 1.7b | 2.3b |

EUR | Y, 2019 |
---|---|

## EV/EBIT | 32.7 x |

## EV/CFO | 41.8 x |

## Revenue/Employee | 277.4k |

## Debt/Equity | 0.5 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 2 x |

SAP's Customers was reported to be 440 k in FY, 2019.

FY, 2014 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Oct, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Customers | 282 k | 300 k | 310 k | 320 k | 335 k | 345 k | 350 k | 355 k | 365 k | 365 k | 378 k | 388 k | 404 k | 413 k | 437 k | 437 k | 440 k | ||||||

## Bookings | €874 m | €145 m | €255 m | €265 m | €483 m | €1.15 b | €215 m | €340 m | €302 m | €591 m | €1.45 b | €245 m | €421 m | €411 m | €736 m | €1.81 b | €324 m | €494 m | €572 m | €878 | €2.27 k | ||

## Software Orders | 57.44 k | 12.88 k | 14.47 k | 13.05 k | 16.89 k | 57.29 k | 13.12 k | 14.36 k | 13.89 k | 17.78 k | 59.15 k | 13.55 k | 14.54 k | 13.79 k | 16.65 k | 58.53 k | 12.23 k | 12.52 k | 12.27 k | 15.56 k | 52.58 k | ||

## Backlog (Cloud) | €3 b | €3.70 b | €5.40 b | €5.40 b | €7.50 b | €10 b | €12 b | ||||||||||||||||

## Countries | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | ||||||||

## Cloud Orders | 2.38 k | 3.03 k | 3.38 k | 6.06 k | 14.84 k | 2.96 k | 3.61 k | 3.72 k | 5.38 k | 15.68 k | |||||||||||||

## Patents Issued | 8 k | 8.85 k | 9.54 k | 10.27 k | |||||||||||||||||||

## Recurring Cloud Users | 137 m | 150 m | |||||||||||||||||||||

## Remaining Performance Obligations | €31.30 b | €35.50 b |

FY, 2018 | |
---|---|

## Water Used | 1.38 m cubic meters |

## Total Greenhouse Gas Emissions | 734 k metric tons of carbon dioxide equivalent |

## Total Energy Used | 919 k MWh |

## Net Emissions | 310 k metric tons of carbon dioxide equivalent |

## E-waste Recycled | 145 tons |