Company Valuation: Salesforce, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 229,141 166,458 272,095 327,007 198,916 168,247 - -
Change - -27.36% 63.46% 20.18% -39.17% -15.42% - -
Enterprise Value (EV) 1 229,196 163,369 267,327 321,408 203,790 193,812 183,789 179,732
Change - -28.72% 63.63% 20.23% -36.59% -4.9% -5.17% -2.21%
P/E 157x 800x 66.9x 53.7x 27.2x 25x 21.4x 17.6x
PBR 3.82x 2.86x 4.64x 5.36x 3.41x 4.87x 3.89x 3.61x
PEG - -9.3x 0x 1x 1.2x 4.86x 1.3x 0.8x
Capitalization / Revenue 8.65x 5.31x 7.81x 8.63x 4.79x 3.65x 3.33x 3.04x
EV / Revenue 8.65x 5.21x 7.67x 8.48x 4.91x 4.2x 3.64x 3.25x
EV / EBITDA 27.8x 18.3x 21x 22.4x 12.7x 10.8x 9.5x 8.71x
EV / EBIT 46.3x 23.1x 25.1x 25.7x 14.4x 12.2x 10.4x 9.13x
EV / FCF 43.4x 25.9x 28.1x 25.8x 14.2x 13x 11.3x 10.1x
FCF Yield 2.31% 3.86% 3.55% 3.87% 7.07% 7.69% 8.88% 9.93%
Dividend per Share 2 - - - 1.6 1.664 1.705 1.769 1.925
Rate of return - - - 0.47% 0.78% 0.83% 0.86% 0.94%
EPS 2 1.48 0.21 4.2 6.36 7.8 8.201 9.598 11.7
Distribution rate - - - 25.2% 21.3% 20.8% 18.4% 16.5%
Net sales 1 26,492 31,352 34,857 37,895 41,525 46,110 50,527 55,323
EBITDA 1 8,249 8,903 12,722 14,324 16,100 17,912 19,336 20,632
EBIT 1 4,951 7,068 10,632 12,498 14,156 15,841 17,690 19,696
Net income 1 1,444 208 4,136 6,197 7,457 7,129 8,249 9,749
Net Debt 1 55 -3,089 -4,768 -5,599 4,874 25,565 15,542 11,485
Reference price 2 232.63 167.97 281.09 341.70 212.29 205.43 205.43 205.43
Nbr of stocks (in thousands) 985,000 991,000 968,000 957,000 937,000 819,000 - -
Announcement Date 3/1/22 3/1/23 2/28/24 2/26/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.18x4.22x10.85x0.83% 169B
-561.66x35.74x146.83x-.--% 104B
-17.48x7.43x12.7x-.--% 50.12B
61.49x5.94x23.58x-.--% 17.68B
59.79x5.68x18.92x-.--% 14.33B
228.26x12.42x31.81x-.--% 13.72B
-47.27x162.49x-55.64x - 7.2B
32.52x7.82x17.18x-.--% 6.46B
17.13x3.5x9.32x-.--% 5.11B
Average -22.45x 27.25x 23.95x 0.1% 43.04B
Weighted average by Cap. -129.01x 16.50x 48.05x 0.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield