@IronEagle Yes, Chris. The folks in Walldorf aren’t exactly making us happy right now! But I see firsthand here at our company just how deeply our processes are intertwined with SAP. And I also know how difficult it is for large corporations to navigate fundamental changes. I’ve been invested for a long time and I’m sticking with it—despite AI.
The key point: Although the pure price gain is currently only 3.5%, dividends have already boosted your total return to just under 10%. This demonstrates SAP’s strength as a long-term quality stock.
What the return history shows
The heatmap illustrates:
* SAP does not perform positively every quarter, but it is clearly trending upward in the long term. * 2023 and, in particular, 2024 were very strong years. * 2025 has been mixed so far: * Q1: +3.43% * Q2: +6.3% * Q3: -11.72% * Current Q4: -8.58%
Following the strong run in 2023/2024, a consolidation is not unusual.
Evaluation of your position
Positive:
* Purchase price is below the current price. * High-quality company. * Steady dividends. * SAP benefits from cloud transformation, AI offerings, and recurring software revenue.
Risks:
* Valuation is historically rather ambitious. * Software stocks often react sensitively to weaker economic growth. * Following the strong price increases of recent years, pullbacks of 10–20% are possible at any time.
Would I hold?
With a long-term investment horizon, there are currently more reasons to hold than to sell:
* You already have an attractive total return. * The purchase price is favorable. * SAP is one of the strongest European software companies. * Dividends further increase the total return.
Possible Strategy
* Long-term investor: Hold and reinvest dividends. * If SAP now accounts for too large a portion of your portfolio (>15–20%): It may make sense to take partial profits. * If the price continues to decline toward €120–130: For many investors, this would be more of a buying opportunity than a sell signal.
If you could also tell me:
1. The total size of your portfolio, 2. How long you plan to invest, 3. Whether you’re focused on dividends or growth,
I can assess the SAP position in even greater detail.
@MozartsGeist I had invested quite a bit in that. And back in late January 2026, before those dreadful 2025 figures came out, the AI told me it was actually a great investment, that we’d reach those old highs around 250 again, and that it was great I had such good staying power. At that point, the stock was trading at around 210 euros 😃🙈 I’m just missing some positive news from the company. They must have some kind of plan—after all, they bought shares themselves even when prices were higher. I still have half of my shares and am hoping for better times 😃 I’m still in the black, but the profit is very meager compared to before.
