BUL/SAP (BUL/SAP)

Bulgarian Stock Exchange: BUL/SAP · EUR

€214

+0.00 (0.0%)· Recorded snapshot

Market cap	243.8B
Revenue (ttm)	39.4B
Net income (ttm)	8B
EPS (ttm)	€6.91
P/E (trailing)	31.0x
P/E (forward)	26.3x
Dividend	€2.50 (1.17%)
Volume	18

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 39.4B
Net income (ttm): 8B
EPS (ttm): €6.91
P/E (trailing): 31.0x
P/E (forward): 26.3x
Market cap: 243.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E26.3

P25 n/aP50 n/aP75 n/a

Trailing P/E31

P25 n/aP50 n/aP75 n/a

ROE18.2

P25 n/aP50 n/aP75 n/a

ROIC18.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All BUL/SAP indicators

Market & fundamental data

Available fields

235

Groups with data

Currency

EUR

Showing 235 of 235 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Germany
Country code	BG
Earnings date	2026-10-21
Employees	113,076
Employees change	3,832
Employees growth	3.54%
Enterprise value	EUR 243.9B
Exchange	Bulgarian Stock Exchange
Financial currency	EUR
Financial report date	2026-09-30
First seen	2026-10-10
Fiscal year end	December
Founded	1972
Industry	Software - Application
Is primary listing	No
ISIN number	DE0007164600
Last earnings date	2026-10-21
Last refreshed	2026-10-29
Market cap	EUR 243.8B
Next earnings date	2027-01-28
Price	EUR 214.15
Price currency	EUR
Sector	Technology
SIC code	7372
Stock price date	2026-10-27
Symbol	bul/SAP
Website	https://www.sap.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	36.46x
Average P/E ratio (3Y)	47.3x
Average P/E ratio (5Y)	42.43x
Earnings yield	3.23%
EV/Earnings	30.33x
EV/EBIT	21.26x
EV/EBITDA	19.46x
EV/FCF	26.56x
EV/Sales	6.19x
FCF / EV yield	3.77%
FCF yield	3.77%
Forward P/E	26.34x
Graham number	80.53908
Graham upside	-62.39%
Lynch fair value	EUR 50.03
Lynch upside	-76.64%
P/(FCF - SBC) ratio	29.71x
P/(OCF - SBC) ratio	27.37x
P/B ratio	5.25x
P/E ratio	31.01x
P/FCF ratio	26.55x
P/OCF ratio	24.67x
P/S ratio	6.19x
Price / tangible book value	20.42x
Price/EBITDA ratio	19.89x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	29.12%
EBITDA margin	31.11%
Effective tax rate	27.91%
FCF margin	23.31%
Gross margin	73.58%
Operating margin	29.12%
Pretax margin	28.71%
Profit margin	20.41%
Profit per employee	EUR 71,103
Profitable quarters	10
Profitable years	30
Revenue per employee	EUR 348,323
ROA	9.91%
ROA (5Y)	6.59%
ROCE	20.04%
ROE	18.18%
ROE (5Y)	11.58%
ROIC	18.46%
ROIC (5Y)	11.97%
SBC / revenue	2.48%
Tax / revenue	8.01%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	14.6%
EPS growth (Q)	13.45%
EPS growth (QoQ)	2.61%
EPS growth 10Y	9.31%
EPS growth 3Y	14.24%
EPS growth 5Y	7.41%
EPS growth quarters	9
EPS growth years	1
FCF growth	42.42%
FCF growth (Q)	34.74%
FCF growth (QoQ)	-42.28%
FCF growth 3Y	17.76%
FCF growth 5Y	7.67%
Gross profit growth	7.56%
Gross profit growth (Q)	12.67%
Gross profit growth 3Y	9.08%
Gross profit growth 5Y	7.77%
Net income growth	13.53%
Net income growth (Q)	12.23%
Net income growth (QoQ)	3.17%
Net income growth 3Y	13.78%
Net income growth 5Y	7.08%
Net income growth quarters	9
Net income growth years	1
OCF growth	35.85%
OCF growth (Q)	27.83%
OCF growth (QoQ)	-39.11%
OCF growth 10Y	9.4%
OCF growth 3Y	15.53%
OCF growth 5Y	6.98%
Operating income growth	14.48%
Operating income growth (Q)	18.08%
Operating income growth 3Y	22.33%
Operating income growth 5Y	12.3%
Revenue growth	7.93%
Revenue growth (Q)	13.16%
Revenue growth (QoQ)	3.98%
Revenue growth 10Y	6.15%
Revenue growth 3Y	8.54%
Revenue growth 5Y	7.53%
Revenue growth quarters	21
Revenue growth years	4

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -701M
Depreciation and amortization	EUR 784M
EBIT	EUR 11.5B
EBITDA	EUR 12.3B
EPS	EUR 6.91
Financing cash flow	EUR -6.5B
Free cash flow	EUR 9.2B
Free cash flow minus SBC	EUR 8.2B
Gross profit	EUR 29B
Income taxes	EUR 3.2B
Investing cash flow	EUR -2.6B
Net borrowing	EUR 1B
Net cash flow	EUR 810M
Net income	EUR 8B
Operating cash flow minus SBC	EUR 8.9B
Operating income	EUR 11.5B
Revenue	EUR 39.4B
Stock-based compensation	EUR 977M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	6.14
Book value per share	EUR 39.95
Debt / EBITDA	0.85
Debt / equity	0.23
Debt / FCF	1.15
Goodwill	EUR 31.2B
Interest coverage	21.4
Long-term assets	EUR 54.2B
Long-term liabilities	EUR 10.8B
Net cash (debt)	EUR 409M
Net cash / market cap	0.17%
Net cash growth	-49.69%
Net debt / EBITDA	-0.03
Net debt / equity	-0.01
Net debt / FCF	-0.04
Piotroski F-Score	6
Property, plant and equipment	EUR 4.5B
Shareholders' equity	EUR 46.5B
Tangible book value	EUR 11.9B
Tangible book value per share	EUR 10.38
Total assets	EUR 76.3B
Total cash	EUR 11B
Total debt	EUR 10.6B
Total liabilities	EUR 29.9B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.54
Current assets	EUR 22.1B
Current liabilities	EUR 19.1B
Current ratio	1.16
Net working capital	EUR -5.9B
Quick ratio	0.98
Working capital	EUR 3B
Working capital turnover	16.41

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.06%
Dividend growth	6.38%
Dividend growth (3Y)	6.84%
Dividend growth years	2
Dividend payment date	2026-05-08
Dividend payment years	5
Dividend payout frequency	Annual
Dividend per share	EUR 2.50
Dividend yield	1.17%
Ex-dividend date	2026-05-06
Last dividend	EUR 2.50
Payout ratio	35.86%
Shareholder yield	2.23%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	EUR 133.67
1D price change	0%
1M price change	14.74%
1M total return	14.74%
1Y price change	-10.21%
1Y return CAGR	-8.69%
1Y total return	-8.68%
20-day SMA	EUR 154.92
200-day SMA	EUR 130.88
3M price change	54.07%
3M total return	54.07%
50-day SMA	EUR 172.26
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 220.00
52-week high date	2025-11-12
52-week low	EUR 132.80
52-week low date	2026-06-19
5Y price change	70%
5Y return CAGR	13.08%
5Y total return	84.84%
6M price change	50.18%
6M total return	52.73%
All-time high	EUR 281.00
All-time high date	2025-02-19
All-time low	EUR 79.70
All-time low date	2022-09-23
Average true range (ATR)	EUR 9.00
Average volume	76.7
Change from 52-week high	-2.66%
Change from 52-week low	61.26%
Change from all-time high	-23.79%
Change from all-time low	168.7%
Change from open	0.42%
Dollar volume	EUR 3,855
High price	EUR 214.15
Low price	EUR 213.25
Monthly RSI	59.76
Open price	EUR 213.25
Position in 52-week range	100%
Price vs 150-day SMA	60.21%
Price vs 20-day SMA	38.23%
Price vs 200-day SMA	63.62%
Price vs 50-day SMA	24.32%
Relative volume	0.23
RSI	73.61
Sharpe ratio	1.12
Sortino ratio	2.25
Volume	18
Weekly RSI	63.68
YTD price change	2.78%
YTD total return	4.53%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1B
Shares change (QoQ)	-0.09%
Shares change (YoY)	-1.06%
Shares held by insiders	5.38%
Shares held by institutions	41.11%

Deeper analysis on BUL/SAP

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this BUL/SAP report

Is a complete BUL/SAP research report available?

No complete published report is available for bul/SAP (BUL/SAP) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

243.8B

Revenue (ttm)

39.4B

Net income (ttm)

EPS (ttm)

€6.91

P/E (trailing)

31.0x

P/E (forward)

26.3x

Dividend

€2.50 (1.17%)

Volume

Metric

Value

Amount currency

EUR

Country

Germany

Country code

Earnings date

2026-10-21

Employees

113,076

Employees change

3,832

Employees growth

3.54%

Enterprise value

EUR 243.9B

Exchange

Bulgarian Stock Exchange

Financial currency

EUR

Financial report date

2026-09-30

First seen

2026-10-10

Fiscal year end

December

Founded

1972

Industry

Software - Application

Is primary listing

ISIN number

DE0007164600

Last earnings date

2026-10-21

Last refreshed

2026-10-29

Market cap

EUR 243.8B

Next earnings date

2027-01-28

Price

EUR 214.15

Price currency

EUR

Sector

Technology

SIC code

7372

Stock price date

2026-10-27

Symbol

bul/SAP

Website

https://www.sap.com

Metric

Value

Average P/E ratio (10Y)

36.46x

Average P/E ratio (3Y)

47.3x

Average P/E ratio (5Y)

42.43x

Earnings yield

3.23%

EV/Earnings

30.33x

EV/EBIT

21.26x

EV/EBITDA

19.46x

EV/FCF

26.56x

EV/Sales

6.19x

FCF / EV yield

3.77%

FCF yield

3.77%

Forward P/E

26.34x

Graham number

80.53908

Graham upside

-62.39%

Lynch fair value

EUR 50.03

Lynch upside

-76.64%

P/(FCF - SBC) ratio

29.71x

P/(OCF - SBC) ratio

27.37x

P/B ratio

5.25x

P/E ratio

31.01x

P/FCF ratio

26.55x

P/OCF ratio

24.67x

P/S ratio

6.19x

Price / tangible book value

20.42x

Price/EBITDA ratio

19.89x

Metric

Value

EBIT margin

29.12%

EBITDA margin

31.11%

Effective tax rate

27.91%

FCF margin

23.31%

Gross margin

73.58%

Operating margin

29.12%

Pretax margin

28.71%

Profit margin

20.41%

Profit per employee

EUR 71,103

Profitable quarters

Profitable years

Revenue per employee

EUR 348,323

ROA

9.91%

ROA (5Y)

6.59%

ROCE

20.04%

ROE

18.18%

ROE (5Y)

11.58%

ROIC

18.46%

ROIC (5Y)

11.97%

SBC / revenue

2.48%

Tax / revenue

8.01%

Metric

Value

EPS growth

14.6%

EPS growth (Q)

13.45%

EPS growth (QoQ)

2.61%

EPS growth 10Y

9.31%

EPS growth 3Y

14.24%

EPS growth 5Y

7.41%

EPS growth quarters

EPS growth years

FCF growth

42.42%

FCF growth (Q)

34.74%

FCF growth (QoQ)

-42.28%

FCF growth 3Y

17.76%

FCF growth 5Y

7.67%

Gross profit growth

7.56%

Gross profit growth (Q)

12.67%

Gross profit growth 3Y

9.08%

Gross profit growth 5Y

7.77%

Net income growth

13.53%

Net income growth (Q)

12.23%

Net income growth (QoQ)

3.17%

Net income growth 3Y

13.78%

Net income growth 5Y

7.08%

Net income growth quarters

Net income growth years

OCF growth

35.85%

OCF growth (Q)

27.83%

OCF growth (QoQ)

-39.11%

OCF growth 10Y

9.4%

OCF growth 3Y

15.53%

OCF growth 5Y

6.98%

Operating income growth

14.48%

Operating income growth (Q)

18.08%

Operating income growth 3Y

22.33%

Operating income growth 5Y

12.3%

Revenue growth

7.93%

Revenue growth (Q)

13.16%

Revenue growth (QoQ)

3.98%

Revenue growth 10Y

6.15%

Revenue growth 3Y

8.54%

Revenue growth 5Y

7.53%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

EUR -701M

Depreciation and amortization

EUR 784M

EBIT

EUR 11.5B

EBITDA

EUR 12.3B

EPS

EUR 6.91

Financing cash flow

EUR -6.5B

Free cash flow

EUR 9.2B

Free cash flow minus SBC

EUR 8.2B

Gross profit

EUR 29B

Income taxes

EUR 3.2B

Investing cash flow

EUR -2.6B

Net borrowing

EUR 1B

Net cash flow

EUR 810M

Net income

EUR 8B

Operating cash flow minus SBC

EUR 8.9B

Operating income

EUR 11.5B

Revenue

EUR 39.4B

Stock-based compensation

EUR 977M

Metric

Value

Altman Z-Score

6.14

Book value per share

EUR 39.95

Debt / EBITDA

0.85

Debt / equity

0.23

Debt / FCF

1.15

Goodwill

EUR 31.2B

Interest coverage

21.4

Long-term assets

EUR 54.2B

Long-term liabilities

EUR 10.8B

Net cash (debt)

EUR 409M

Net cash / market cap

0.17%

Net cash growth

-49.69%

Net debt / EBITDA

-0.03

Net debt / equity

-0.01

Net debt / FCF

-0.04

Piotroski F-Score

Property, plant and equipment

EUR 4.5B

Shareholders' equity

EUR 46.5B

Tangible book value

EUR 11.9B

Tangible book value per share

EUR 10.38

Total assets

EUR 76.3B

Total cash

EUR 11B

Total debt

EUR 10.6B

Total liabilities

EUR 29.9B

Metric

Value

Asset turnover

0.54

Current assets

EUR 22.1B

Current liabilities

EUR 19.1B

Current ratio

1.16

Net working capital

EUR -5.9B

Quick ratio

0.98

Working capital

EUR 3B

Working capital turnover

16.41

Metric

Value

Buyback yield / dilution

1.06%

Dividend growth

6.38%

Dividend growth (3Y)

6.84%

Dividend growth years

Dividend payment date

2026-05-08

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

EUR 2.50

Dividend yield

1.17%

Ex-dividend date

2026-05-06

Last dividend

EUR 2.50

Payout ratio

35.86%

Shareholder yield

2.23%

Metric

Value

150-day SMA

EUR 133.67

1D price change

1M price change

14.74%

1M total return

14.74%

1Y price change

-10.21%

1Y return CAGR

-8.69%

1Y total return

-8.68%

20-day SMA

EUR 154.92

200-day SMA

EUR 130.88

3M price change

54.07%

3M total return

54.07%

50-day SMA

EUR 172.26

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 220.00

52-week high date

2025-11-12

52-week low

EUR 132.80

52-week low date

2026-06-19

5Y price change

70%

5Y return CAGR

13.08%

5Y total return

84.84%

6M price change

50.18%

6M total return

52.73%

All-time high

EUR 281.00

All-time high date

2025-02-19

All-time low

EUR 79.70

All-time low date

2022-09-23

Average true range (ATR)

EUR 9.00

Average volume

76.7

Change from 52-week high

-2.66%

Change from 52-week low

61.26%

Change from all-time high

-23.79%

Change from all-time low

168.7%

Change from open

0.42%

Dollar volume

EUR 3,855

High price

EUR 214.15

Low price

EUR 213.25

Monthly RSI

59.76

Open price

EUR 213.25

Position in 52-week range

100%

Price vs 150-day SMA

60.21%

Price vs 20-day SMA

38.23%

Price vs 200-day SMA

63.62%

Price vs 50-day SMA

24.32%

Relative volume

0.23

RSI

73.61

Sharpe ratio

1.12

Sortino ratio

2.25

Volume

Weekly RSI

63.68

YTD price change

2.78%

YTD total return

4.53%

Metric

Value

Float

Shares change (QoQ)

-0.09%

Shares change (YoY)

-1.06%

Shares held by insiders

5.38%

Shares held by institutions

41.11%

BUL/SAP (BUL/SAP)

Price

Financial snapshot

Fair-value bridge

Latest news · BUL/SAP

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BUL/SAP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BUL/SAP

Frequently asked questions

BUL/SAP (BUL/SAP)

Price

Financial snapshot

Fair-value bridge

Latest news · BUL/SAP

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BUL/SAP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BUL/SAP

Frequently asked questions