CRM Salesforce
Intrinsic value$172.82
Price (at call)$249.12
Margin of safety
-30.6%
vs market (rating basis)
+43.6%
Model unavailable; showing baseline valuation.
⚠ LLM error: empty response; using baseline
The story
Value drivers
| Revenue growth (Y1) | 9.8% |
| Terminal growth | 3.5% |
| Forecast horizon | 10y |
| Target operating margin | 28.8% |
| Years to target margin | 5 |
| Sales-to-capital | 0.60 |
| Beta | 1.20 |
| Failure probability | 0.0% |
| Cost of capital (WACC) | 9.9% |
| Terminal WACC | 9.0% |
Valuation bridge
| PV of explicit FCFF | 47.09B |
| PV of terminal value | 102.25B |
| Equity value | 142.23B |
| ÷ shares → per share | $172.82 |
News
bearish -0.30 · 8 articles
- Snowflake CEO explains how software companies can survive in the AI era
- SpaceX, Nvidia Lead Schwab Buys As Software Rally Spurs Profit-Taking – Trading Gauge Posts First Dip Since April
- S&P 500 falls as AI worries hit software makers
- Can Selling Puts On Adobe Stock Yield Nearly 10%?
- ServiceNow Jumps 25% in 3 Months: Buy, Sell or Hold the Stock?
- Adobe Before Q3 Earnings: Should You Hold or Fold the ADBE Stock?
- Why ServiceNow Stock Popped 33% Last Month
- This Could Be the AI Stock That Keeps Surprising Wall Street
Projected free cash flow to the firm
| Yr | Revenue | Growth | Margin | NOPAT | Reinvest | FCFF | PV |
|---|---|---|---|---|---|---|---|
| 1 | 48.25B | 9.8% | 28.8% | 10.90B | 7.23B | 3.67B | 3.34B |
| 2 | 52.65B | 9.1% | 28.8% | 11.89B | 7.37B | 4.52B | 3.75B |
| 3 | 57.08B | 8.4% | 28.8% | 12.89B | 7.42B | 5.47B | 4.12B |
| 4 | 61.49B | 7.7% | 28.8% | 13.88B | 7.37B | 6.51B | 4.47B |
| 5 | 65.80B | 7.0% | 28.8% | 14.86B | 7.22B | 7.64B | 4.77B |
| 6 | 69.95B | 6.3% | 28.8% | 15.79B | 6.95B | 8.84B | 5.03B |
| 7 | 73.87B | 5.6% | 28.8% | 16.68B | 6.57B | 10.11B | 5.23B |
| 8 | 77.49B | 4.9% | 28.8% | 17.50B | 6.07B | 11.43B | 5.38B |
| 9 | 80.75B | 4.2% | 28.8% | 18.23B | 5.45B | 12.78B | 5.48B |
| 10 | 83.58B | 3.5% | 28.8% | 18.87B | 4.73B | 14.14B | 5.52B |