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NYQ · Valuation Lab
CRM
Salesforce, Inc.
Last$192.98
Market cap—
EV/EBITDA14.2x
Intrinsic value
$878123533784.43
MoS +100.0% · Undervalued
Assuming 38.6% FCF margin and 13.3% Y1–5 growth.
Upside to price
EV (DCF)908.8B
Terminal share76%
Expected IV$857849689662.89
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 76% of EV
PV of stage FCFs218.7B
PV of terminal value690.2B
Enterprise value908.8B
Net cash / (debt)-30.7B
Equity value878.1B
Intrinsic value / share$878123533784.43
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 48.5B | 18.7B | 17.7B | 94.3% |
| Y2 | 55B | 21.2B | 18.9B | 88.9% |
| Y3 | 62.3B | 24B | 20.2B | 83.9% |
| Y4 | 70.6B | 27.2B | 21.6B | 79.1% |
| Y5 | 80B | 30.9B | 23B | 74.6% |
| Y6 | 85.3B | 32.9B | 23.2B | 70.4% |
| Y7 | 91B | 35.1B | 23.3B | 66.4% |
| Y8 | 97.1B | 37.5B | 23.5B | 62.6% |
| Y9 | 103.6B | 40B | 23.6B | 59.0% |
| Y10 | 110.6B | 42.7B | 23.8B | 55.7% |
| Terminal | — | — | 690.2B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.