SAP Shares Steady as S/4HANA Migration Gains Momentum
On 4th November 2025, SAP shares traded at approximately €226, slightly below their recent peak but significantly above their 52-week low. Analysts predict a 2025 earnings per share of €6.04, with the next financial report expected on 29th January 2026. Meanwhile, 64% of companies are projected to have fully or partially migrated to S/4HANA by the end of 2025.
As of now, 59% of companies have completed or started their migration to S/4HANA, a significant 13-point increase from 2024. However, more than a third of SAP customers still need to make the switch before the 2027 deadline. The transition isn't without challenges. Process complexity, integration issues, and unclear process requirements are the main hurdles. Despite these obstacles, automation adoption is rising, with 57% of companies now using it, although resources are stretched, leading to a plateau effect.
To support this migration, Esker and Numen have joined forces to assist North and South American SAP customers using AI-driven automation and SAP consulting expertise. Gurobi Optimization has also bolstered its ranks, appointing Dr. Oliver Bastert as its new CTO to drive innovation and meet the growing demand for mathematical optimization as businesses upgrade their ERP systems. Furthermore, EC-EXPERTS is expanding to Dubai to cater to the Middle East and Africa's digital HR transformation needs.
BlackRock's slight adjustment of its SAP voting rights from 6.61% to 6.57% indicates institutional investors' continued commitment, despite near-term stock pressure. As companies strive to modernize their ERP systems, the migration to S/4HANA continues, with challenges and solutions evolving in tandem.
