` Comparison: 38E vs SAP - Alpha Spread
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38E
vs
SAP

Over the past 12 months, 38E has underperformed SAP, delivering a return of -52% compared to the SAP's 39% drop.

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38E
SAP
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Stocks Compared:
38E SAP
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Valuation Comparison

38E Intrinsic Value
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SAP Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Rekor Systems Inc
F:38E
0.7485 EUR
SAP SE
XETRA:SAP
166.36 EUR
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Growth Comparison

Growth Over Time
38E, SAP

38E
SAP
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Rekor Systems Inc
Revenue
SAP SE
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
38E, SAP

38E
SAP
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Rekor Systems Inc
F:38E
SAP SE
XETRA:SAP
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What is Free Cash Flow?

Gross Margin

38E
53.9%
SAP
73.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

Operating Margin

38E
-61.4%
SAP
28.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

Net Margin

38E
-89.8%
SAP
19.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

FCF Margin

38E
-57.9%
SAP
22.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

ROE

38E
-114.7%
SAP
16.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

ROA

38E
-48.3%
SAP
10.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

ROIC

38E
-37.9%
SAP
12.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

ROCE

38E
-44.3%
SAP
19.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Rekor Systems Inc
SAP SE

Solvency Comparison

Rekor Systems Inc
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
SAP SE
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
38E, SAP

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38E
SAP
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Performance Gap
38E, SAP

Performance Gap Between 38E and SAP
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Performance By Year
38E, SAP

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38E
SAP
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