ATLAS
Enterprise AI applications·Germany·Walldorf·#11 / 31 in segment·1.3% of segment mcap
$179.89
-66.9% vs S&P 12m

ERP leader with Joule AI assistant and S/4HANA cloud migration tailwind.

Owns the system of record for core business processes; durable platform for AI agent integration.

Products
  • S/4HANA
  • Joule
  • SuccessFactors
  • Ariba
Customers (1)
  • Large enterprises
Competitors (2)

Composite score

Higher = stronger overall research case

61
Fundamental70
Technical30
Valuation71
AI relevance65
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 79

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -18.5%6M RS: -36.1%12M RS: -66.9%Vol30d: 42%DD52w: -42.3%

Financial summary

Curated, illustrative

Revenue
$40.33B
Growth (YoY)
6.0%
Gross margin
73.7%
Operating margin
30.0%
FCF
$8.80B
Capex
$804.87M
Net cash / (debt)
$2.36B
ROIC
9.1%
Customer conc.
Medium

Valuation

Market cap
$212.08B
Enterprise value
$209.72B
P/E (TTM)
24.7x
Forward P/E
18.9x
EV / Sales
5.2x
EV / EBITDA
16.7x
P / FCF
24.1x
PEG
1.6x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 3
    Cloud migration execution

Score components

What drove the composite

Growth43
Profitability83
Cash generation77
Balance sheet80
Moat / AI relevance75
Capital intensity (higher = lighter)80
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)29
Momentum (3/6/12m)33
Relative strength17
Realized vol (higher = lower vol)51