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Offbeat SAP share rises: Free cash flow forecast increased - profit increased

12:31  27 july  2020
12:31  27 july  2020 Source:   finanzen.net

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SAP shares hit a new high on Thursday, up 7 per cent. Investors’ returns have doubled this year, dispelling any notion of contagion in the German stock market from Wirecard’s failure. SAP ’s boardroom drama — including the snap departure of co-chief Jennifer Morgan in April — has kept its shares back.

Featured here, the Cash Flow Statement for SAP SE, showing the changes in the company's cash and cash equivalents, broken down to operating, investing and financing activities over each of the last 4 periods (either quarterly or annually).

The software group SAP has underlined its optimism for further development almost three weeks after preliminary and surprisingly strong second quarter figures.

INDRANIL MUKHERJEE/AFP/Getty Images © Provided by Finanz.net GmbH INDRANIL MUKHERJEE / AFP / Getty Images

After a significant improvement in the cash flow in the second quarter, the lower expectations for free cash flow for the full year were raised three months ago.

, however, was masked by the announcement that it would list US software provider Qualtrics , which was acquired in 2018 for $ 8 billion, on a US stock exchange. SAP wants to remain the majority shareholder, but the largest single shareholder is said to be Qualtrics founder and boss Ryan Smith. A final decision, the conditions and the schedule for the IPO of the SAP area focused on customer and experience management are still pending.

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The generic Free Cash Flow FCF Formula is equal to Cash from OperationsCash Flow from OperationsCash Cash Flow or Free Cash Flow to Firm (FCFF). Learn the formula to calculate each and derive CFO = Net Income + non- cash expenses – increase in non- cash net working capital.

Sap Cash Flow - Free download as PDF File (.pdf), Text File (.txt) or read online for free . Share or Embed Document. Sharing Options. Share on Facebook, opens a new window. At the same time, the company forecasts a strong increase in raw material prices and rising labor costs at the

Net profit in the second quarter, which has not yet been mentioned, increased by 6 percent to 1.395 from 1.317 billion euros in the same period last year. It rose by 7 percent per share to EUR 1.17 (1.09), a little stronger in percentage terms, since SAP had bought back its own shares for around EUR 1.5 billion at the beginning of the year. Before the preliminary figures, analysts had estimated 1.317 billion or 1.10 euros.

In cash flow, SAP partially raised the expectations for 2020 that were lowered in April. The free cash flow is now expected to reach around 4 (3.5) billion euros, at the beginning of the year SAP had expected 4.5 billion euros. The Group continues to see operating cash flow at 5 billion euros; the first forecast was 6 billion euros.

In the second quarter there had been a drastic improvement compared to the same period in the previous year. Free cash flow was just as positive at EUR 540 (minus 409) million as operating cash flow at EUR 788 (minus 122) million.

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An increase in sales and profits generates the necessary cash required for economic growth. Lower profit margins resulting from increased competition would mean a lower need for external funds. GS Cookie Co. forecasts cash receipts for January and February of ,000 and ,000, respectively.

The statement of cash flows acts as a bridge between the income statement and balance sheet available to all funding providers (debt The model is simply a forecast of a company’s unlevered free cash flow , which is an intrinsic valuationIntrinsic ValueThe intrinsic value of a business (or any

CEO Christian Klein was satisfied with the resilience shown and the continued growth power of the company. CFO Luka Mucic sees the broad portfolio and the geographical expansion as well as the quick reaction on the cost side due to the corona charges as important factors for the good development. Investments in the most important future fields had been maintained. Although there was reluctance to hire new staff, the workforce has grown by around 1,000 since the beginning of the year.

On July 8, the software company published figures for the second quarter that were well above analyst expectations and confirmed its forecast for 2020, which was lowered in April. Walldorf also maintained the medium-term outlook for 2023. SAP significantly increased the much-noticed operating margin. On a non-IFRS basis, it reached 29.1 percent or 28.9 percent in constant currency after 27.3 percent in the prior-year quarter. Analysts had estimated 27.5 percent.

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Free cash flow is the cash that a company generates from its normal business operations after subtracting any money spent on capital In other words, a company with increasing cash flow isn't necessarily more profitable , nor does it mean that the company's sales or revenues increased .

Our cash flow increased substantially in comparison with the corresponding period last year because, among other things, last year we invoiced support fees later. We calculate free cash flow as net cash from operating activities minus purchases of intangible assets and property, plant, and equipment.

The wages were applause from the stock market with new all-time highs, upgrades by analysts and lasting confidence in the stress resistance of a company that is at the top of the trends with cloud solutions and digitization, which have been given additional impetus by the lockdowns and home office.

Prospect of Qualtrics IPO drives SAP back after a reset

The prospect of an IPO of the subsidiary Qualtrics and the increased cash flow forecast are driving the price of the SAP share ian on Monday morning. On XETRA, the stocks temporarily gain around four percent to EUR 141.06 after the shares lost around four percent in a weak stock market environment on Friday. The next target on the way up is the latest highs of around 143 euros.

Although the mood for IPOs in the technology sector in the US may currently be better, a trader noted. However, this is likely to change for the better. In any case, a higher valuation of the participation by means of an IPO should not have a negative impact on the SAP price. Dow Jones Newswires and dpa-AFX

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