Recent News
On November 14, 2025 SAP reaffirmed its commitment to fair competition amid an EU review. On November 18, 2025 the company expanded partnerships in France’s AI ecosystem with Bleu, Capgemini and Mistral AI. On November 27, 2025 SAP introduced an EU AI Cloud sovereign offering for customers seeking European data-sovereignty options. On December 2, 2025 SAP updated its pricelist and will stop new sales of Business ByDesign to net-new customers effective April 20, 2026. On January 29, 2026 SAP authorized a new share-repurchase program of up to €10 billion.
Technical Analysis
ADX / DI+/DI-: ADX at 27.83 indicates a meaningful trend strength. DInegative at 43.76 with a peak & reversal signals DI- has peaked and started decreasing, which reads as bullish under directional-index rules. DIpositive at 21.66 with a dip & reversal signals renewed bullish momentum as DI+ rises.
MACD: MACD sits at -9.12 with a signal line at -8.23; MACD shows a dip & reversal, indicating bullish momentum is building, but MACD remains below the signal line and has not yet crossed above the signal.
MRO (Momentum/Regression Oscillator): MRO equals -35.44, a negative reading that indicates price below WMDST’s target and therefore an increased likelihood of upward price pressure toward target levels; the MRO trend shows decreasing magnitude.
RSI: RSI at 39.93 with a dip & reversal indicates recent selling pushed momentum toward oversold territory and now shows an early reversal higher, consistent with potential short-term relief moves.
Price vs Moving Averages and Bands: Price closed at $202.65, below the 200-day average of $268.35 and below the 50-day average of $233.64, signaling longer-term technical underperformance versus multi-month averages. The 12-day EMA at $210.11 trends downward. Price trades near the lower 1x Bollinger band ($194.67), which increases the probability of short-term mean reversion while longer-term resistance remains near the 50- and 200-day levels and the Ichimoku Kijun-sen at $222.56.
Volume & Volatility: Recent volume (3,614,586) sits below the 10-day average (5,489,139) but above the 50-day average (2,353,656), while 42-day volatility (0.03) exceeds 52-week volatility (0.02), supporting the interpretation of recent directional moves with elevated short-term variability.
Fundamental Analysis
Earnings & Surprise: Reported EPS of $1.93 beat the $1.72 estimate, a +12.21% EPS surprise. Forward EPS stands at $2.54. The EPS beat supports the recent operational narrative and underpins cash-flow strength noted in corporate disclosures.
Profitability & Growth Rates: Reported earnings growth shows a YoY change of -123.18% and a QoQ change of -123.07% as provided; the headline earnings number outperformed consensus this quarter despite these large percentage swings. Reported revenue growth reads 0.0 with QoQ and YoY inputs at -100.0%, indicating revenue comparatives reflect reporting-period adjustments rather than positive top-line acceleration in the provided metrics.
Valuation Multiples: Trailing P/E equals 127.27 and forward P/E equals 99.73. WMDST’s valuation flags the stock as over-valued. The trailing P/E (127.27) sits below the industry peer mean P/E of 137.05 but above the industry peer median P/E of 90.35, so the multiple trades inside the peer range but on the upper side of peers’ central tendency. The PEG ratio registers at -42.21 versus an industry peer mean PEG of 8.18 and industry peer median PEG of 3.64, a large negative divergence reflecting a combination of elevated multiple and depressed growth inputs in the provided calculation.
Cash, Capital Structure, and Cash Conversion: Reported cost of debt equals 2.609%. Invested capital appears as a negative $813,000,000 in the provided metric; cash-flow margins and cash-flow-to-earnings read 0.0 in the supplied figures. Industry peer cash-conversion-cycle reference points show a range where the peer mean is approximately -55.61 days and the peer median equals -67.08 days; no direct SAP cash-conversion-cycle value provided for an apples-to-apples comparison in this report.
Operational Notes: Cloud backlog and cloud revenue commentary in recent corporate statements indicate continued cloud momentum. The €10 billion repurchase program announced January 29, 2026 supports per-share metrics and signals capital-return emphasis alongside improved free-cash-flow generation disclosed for FY2025.
Valuation Summary: WMDST values the stock as over-valued. High trailing and forward P/Es, a deeply negative PEG versus the industry peer mean and median, and price sitting well below long-term moving averages together place upward price appreciation at risk absent evident reacceleration in core revenue growth metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-29 |
| NEXT REPORT DATE: | 2026-04-30 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | — | |
| Capital Expenditures | — | |
| Change In Working Capital | — | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | — | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | — | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | — | |
| Net Income From Continuing Operations | — | |
| EARNINGS | ||
| EPS Estimate | $ 1.72 | |
| EPS Actual | $ 1.93 | |
| EPS Difference | $ 0.21 | |
| EPS Surprise | 12.209 % | |
| Forward EPS | $ 2.54 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | — | |
| Intangible Assets | — | |
| Net Tangible Assets | — | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | — | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | — | |
| Total Liabilities | — | |
| EQUITY | ||
| Total Equity | — | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | — | |
| Shares Outstanding | — | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | — |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | — | |
| Asset To Liability | — | |
| Debt To Capital | — | |
| Debt To Assets | — | |
| Debt To Assets QoQ | — | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | — | |
| Debt To Equity QoQ | — | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | — | |
| Price To Book QoQ | — | |
| Price To Book YoY | — | |
| Price To Book IPRWA | — | |
| Price To Earnings (P/E) | 127.273 | |
| Price To Earnings QoQ | -7.733 % | |
| Price To Earnings YoY | -28.525 % | |
| Price To Earnings IPRWA | high: 697.934 mean: 137.052 SAP: 127.273 median: 90.345 low: -94.028 |
|
| PE/G Ratio | -42.213 | |
| Price To Sales (P/S) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | 99.73 | |
| Forward PE/G | -33.078 | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | — | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | — | |
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 113.407 SAP: 0 mean: -55.605 low: -67.075 median: -67.075 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | — | |
| Net Invested Capital | — | |
| Invested Capital | $ -813.00 M | |
| Net Tangible Assets | — | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 2.609 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | — | |
| Revenue Growth | 0.0 % | |
| Revenue Growth QoQ | -100.0 % | |
| Revenue Growth YoY | -100.0 % | |
| Revenue Growth IPRWA | high: 14.586 % mean: 4.637 % median: 4.635 % SAP: 0.0 % low: -6.711 % |
|
| Earnings Growth | -3.015 % | |
| Earnings Growth QoQ | -123.072 % | |
| Earnings Growth YoY | -123.178 % | |
| Earnings Growth IPRWA | high: 53.741 % mean: 14.534 % median: 6.667 % SAP: -3.015 % low: -128.333 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | 0.0 % | |
| Cash Flow To Earnings | 0.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | — | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | — | |
| Return On Assets IPRWA | — | |
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | — | |
| Return On Equity QoQ | — | |
| Return On Equity YoY | — | |
| Return On Equity IPRWA | — | |
| DuPont ROE | — | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |