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We are rebalancing our portfolio according to our strategy. We are investing in European and Asian stocks to increase diversification. SAP is the largest non-American software company by revenue. The firm is focused on ERP systems. Short term revenue may decline because of a time-consuming migration to the Cloud. This Cloud is expected to drive high long-term performances and competitive positioning. According to experts’ analysis, we believe margins and revenue will follow a growth trend.
This will be the first rebalance of the portfolio. From now on we will be doing the check for rebalancing on every Monday and complete the rebalance if necessary on the same day. The purpose of this rebalance is to increase the leverage to the target leverage ratio of 1.1.
Equal weighting.This stock is suitable as part of ESG strategy, with an MSCI ESG rating of AAA. Transition into cloud; ERP market to have doubled by 2026, large stable customerbase that cannot change the chosen ERP platform, stock down 22%