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STOCK COMPARISON

Axtrart_axtra Future City vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Axtrart_axtra Future City (AXTRART) and SAP (SAP) compare, as of Sep 14, 2026.

As of Sep 14, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Axtrart_axtra Future City trades at THB 12.50 versus a fair value of THB 8.03 (-36%), while SAP trades at €177 versus €156 (-12%).
Axtrart_axtra Future City
AXTRART.BK · THB · Real Estate
-36%
upside to fair value
overvalued
PriceTHB 12.50
Fair ValueTHB 8.03
Quality70/100
SAP
SAP.XETRA · EUR · Information Technology
-12%
upside to fair value
overvalued
Price€177
Fair Value€156
Quality81/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Axtrart_axtra Future CitySAP
Valuation
11.3×P/E (TTM)22.1×
10.15×P/S (TTM)5.01×
1.02×P/B4.18×
14.0×EV/EBITDA15.8×
PEG1.37×
−35.8%Fair value upside−12.0%
5.2%Dividend yield1.3%
THB 0.66Dividend per share€2.50
Profitability
79%Operating margin30%
1.01×EBIT margin trend (5Y)1.16×
9%Return on equity16%
4%Return on assets9%
Growth
3%Revenue growth (YoY)6%
0.7%Avg. growth/yr (3Y)6.0%
Avg. growth/yr (5Y)6.1%
+9.0%Value creation/yr−1.3%
Balance & size
22.3×Interest coverage (EBIT/interest)7.5×
0.08×Debt / equity0.09×
$917MMarket cap$187B
weakGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Even match: 5 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Axtrart_axtra Future Cityof which business quality 66 · market factors 67 SAPof which business quality 78 · market factors 45
ProfitabilityMargins and returns on capital today
42
62
Quality GrowthAre margins and returns improving?
39
76
CashflowEarnings quality: real cash, not paper profit
75
80
Fin. StrengthBalance sheet, leverage, solvency risk
74
79
InvestmentDisciplined investing over empire-building
96
94
Low VolatilityCalm price path (market factor)
93
61
MomentumPrice trend over the last 3–12 months (market factor)
51
47
52W MomentumDistance to the 52-week high (market factor)
64
24
Net IssuanceShare count: buybacks or dilution?
82
84

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAxtrart_axtra Future CityPrice THB 12.50SAPPrice €177
DCF Models-49%below the priceTHB 6.43-16%below the price€149
Earnings-Basedn/a-66%below the price€60.32
Dividend Discount-29%below the priceTHB 8.88-77%below the price€41.03
Multiples+16%above the priceTHB 14.56-17%below the price€147
Asset-Based-32%below the priceTHB 8.44-86%below the price€25.68
Growth DCF-55%below the priceTHB 5.64-26%below the price€131
Economic Profit-5%close to the priceTHB 11.86-61%below the price€69.81
Growth Earningsn/a-12%close to the price€156
Minimum-55%below the priceTHB 5.64-86%below the price€25.68
Maximum+16%above the priceTHB 14.56-12%close to the price€156
Median-31%below the priceTHB 8.66-43%below the price€100
Geometric mean-29%below the priceTHB 8.82-54%below the price€81.68

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Axtrart_axtra Future City: 13 of 16 models see the stock below the current price.

SAP: 22 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Axtrart_axtra Future City
Price THB 12.50
Fair Value THB 8.03
Bear THB 6.27Bull THB 9.76
SAP
Price €177
Fair Value €156
Bear €104Bull €220

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Axtrart_axtra Future City · Real Estate

Quality score70 · Top 25%
Fair value upside-36% · below median

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-12% · above median

Bottom line

As of Sep 14, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Axtrart_axtra Future City trades at THB 12.50 versus a fair value of THB 8.03 (-36%), while SAP trades at €177 versus €156 (-12%).

SAP has the higher quality score (81/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.