WallStSmart

SAP SE ADR (SAP)vsSPS Commerce Inc (SPSC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SAP SE ADR generates 4844% more annual revenue ($38.19B vs $772.49M). SAP leads profitability with a 20.4% profit margin vs 10.1%. SAP appears more attractively valued with a PEG of 1.63. SAP earns a higher WallStSmart Score of 64/100 (C+).

SAP

Buy

64

out of 100

Grade: C+

Growth: 7.3Profit: 8.5Value: 4.0Quality: 6.8
Piotroski: 6/9Altman Z: 3.11

SPSC

Hold

49

out of 100

Grade: D+

Growth: 5.3Profit: 6.5Value: 5.3Quality: 8.0
Piotroski: 3/9Altman Z: 4.60
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SAPSignificantly Overvalued (-30.4%)

Margin of Safety

-30.4%

Fair Value

$150.68

Current Price

$183.62

$32.94 premium

UndervaluedFair: $150.68Overvalued
SPSCUndervalued (+71.5%)

Margin of Safety

+71.5%

Fair Value

$240.12

Current Price

$73.39

$166.73 discount

UndervaluedFair: $240.12Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SAP6 strengths · Avg: 8.8/10
Market CapQuality
$208.77B10/10

Mega-cap, among the largest globally

Altman Z-ScoreHealth
3.1110/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
20.4%9/10

Keeps 20 of every $100 in revenue as profit

Operating MarginProfitability
27.6%8/10

Strong operational efficiency at 27.6%

EPS GrowthGrowth
30.6%8/10

Earnings expanding 30.6% YoY

Free Cash FlowQuality
$3.04B8/10

Generating 3.0B in free cash flow

SPSC3 strengths · Avg: 9.3/10
Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.6010/10

Safe zone — low bankruptcy risk

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Areas to Watch

SAP2 concerns · Avg: 3.0/10
PEG RatioValuation
1.634/10

Expensive relative to growth rate

Price/BookValuation
58.7x2/10

Trading at 58.7x book value

SPSC4 concerns · Avg: 2.8/10
P/E RatioValuation
35.3x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
4.552/10

Expensive relative to growth rate

EPS GrowthGrowth
-63.9%2/10

Earnings declined 63.9%

Comparative Analysis Report

WallStSmart Research

Bull Case : SAP

The strongest argument for SAP centers on Market Cap, Altman Z-Score, Profit Margin. Profitability is solid with margins at 20.4% and operating margin at 27.6%.

Bull Case : SPSC

The strongest argument for SPSC centers on Debt/Equity, Altman Z-Score, Price/Book.

Bear Case : SAP

The primary concerns for SAP are PEG Ratio, Price/Book.

Bear Case : SPSC

The primary concerns for SPSC are P/E Ratio, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

SAP profiles as a mature stock while SPSC is a value play — different risk/reward profiles.

SAP carries more volatility with a beta of 0.74 — expect wider price swings.

SAP is growing revenue faster at 9.4% — sustainability is the question.

SAP generates stronger free cash flow (3.0B), providing more financial flexibility.

Bottom Line

SAP scores higher overall (64/100 vs 49/100), backed by strong 20.4% margins. SPSC offers better value entry with a 71.5% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

SAP SE ADR

TECHNOLOGY · SOFTWARE - APPLICATION · USA

SAP SE is a global enterprise application software company. The company is headquartered in Walldorf, Germany.

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SPS Commerce Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

SPS Commerce, Inc. provides cloud-based supply chain management solutions globally. The company is headquartered in Minneapolis, Minnesota.

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