- Strong dividend growth in the past few years.
- Cloud business with a lot of potential.
- Financial crisis hardly impacted revenues and profits.
SAP SE (NYSE:SAP) is Germany’s most valuable company as well as the world’s fourth largest software manufacturer. The software produced by SAP is used in more than 425,000 companies across 25 different industries. The company grew to a key pillar of the global economy. Its customers brew 77% of the world’s beer production, produce 79% of the chocolate on this planet and distribute 76% of healthcare products worldwide.
Th software can only be replaced at extremely high costs. Therefore, SAP has nearly guaranteed its future revenues and profits. This gives the company an extremely big moat against competitors.