Company Valuation: Salesforce, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,29,141 1,66,458 2,72,095 3,27,007 1,98,916 1,92,598 - -
Change - -27.36% 63.46% 20.18% -39.17% -3.18% - -
Enterprise Value (EV) 1 2,29,196 1,63,369 2,67,327 3,21,408 2,03,790 2,18,351 2,09,880 2,03,275
Change - -28.72% 63.63% 20.23% -36.59% 7.15% -3.88% -3.15%
P/E 157x 800x 66.9x 53.7x 27.2x 22.4x 24x 19.5x
PBR 3.82x 2.86x 4.64x 5.36x 3.41x 4.74x 4.23x 3.86x
PEG - -9.3x 0x 1x 1.2x 0.7x -3.65x 0.8x
Capitalization / Revenue 8.65x 5.31x 7.81x 8.63x 4.79x 4.16x 3.79x 3.46x
EV / Revenue 8.65x 5.21x 7.67x 8.48x 4.91x 4.72x 4.13x 3.65x
EV / EBITDA 27.8x 18.3x 21x 22.4x 12.7x 11.6x 10.3x 8.83x
EV / EBIT 46.3x 23.1x 25.1x 25.7x 14.4x 13.7x 11.8x 10.2x
EV / FCF 43.4x 25.9x 28.1x 25.8x 14.2x 14.6x 12.8x 11x
FCF Yield 2.31% 3.86% 3.55% 3.87% 7.07% 6.87% 7.84% 9.07%
Dividend per Share 2 - - - 1.6 1.664 1.74 1.8 1.926
Rate of return - - - 0.47% 0.78% 0.74% 0.77% 0.82%
EPS 2 1.48 0.21 4.2 6.36 7.8 10.44 9.755 12
Distribution rate - - - 25.2% 21.3% 16.7% 18.5% 16.1%
Net sales 1 26,492 31,352 34,857 37,895 41,525 46,293 50,786 55,721
EBITDA 1 8,249 8,903 12,722 14,324 16,100 18,870 20,366 23,028
EBIT 1 4,951 7,068 10,632 12,498 14,156 15,892 17,820 19,982
Net income 1 1,444 208 4,136 6,197 7,457 8,748 8,092 9,705
Net Debt 1 55 -3,089 -4,768 -5,599 4,874 25,753 17,282 10,677
Reference price 2 232.63 167.97 281.09 341.70 212.29 234.02 234.02 234.02
Nbr of stocks (in thousands) 9,85,000 9,91,000 9,68,000 9,57,000 9,37,000 8,23,000 - -
Announcement Date 01/03/22 01/03/23 28/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.41x4.72x11.57x0.74% 19TCr
-602.1x42.83x175.94x-.--% 12TCr
-17.12x7.36x12.5x-.--% 4.83TCr
59.1x5.17x19.33x-.--% 1.84TCr
69.85x6.69x22.17x-.--% 1.67TCr
273.44x14.72x37.75x-.--% 1.64TCr
-43.05x147.76x-49.83x - 648.42Cr
29.7x7.15x15.71x-.--% 596.52Cr
18.37x3.67x9.85x-.--% 530.63Cr
Average -21.04x 26.67x 28.33x 0.09% 4.83TCr
Weighted average by Cap. -148.65x 18.54x 59.53x 0.33%

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