Market Pulse53Neutral

Salesforce, Inc.Opportunity Rank #114(CRM) Intrinsic Value & DCF Analysis (2026)

Sector: Technology

Current Price

$156.93

Last updated: Jul 24, 2026

Price vs Intrinsic Value

$156.93
Price
$401.50
Intrinsic Value
Undervalued by 156%MOS: $321.20

Fundamental Score

71/100
Bullish

Weighted across 6 signals

Narrative Score

51/100
Weak

+5 vs previous

Trend Score

25/100
Weak

As of 2026-07-24

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The intrinsic value of Salesforce, Inc. (CRM) is estimated at $401.50 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $156.93, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes an 8.00% long-term growth rate and an 8.50% discount rate (calculated: 7.59%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Salesforce, Inc. (CRM) is estimated at $401.50 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $156.93, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes an 8.00% long-term growth rate and an 8.50% discount rate (calculated: 7.59%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$401.50
155.85% upside
20% margin of safety: $321.20
Years: 10Growth Rate: 8.00%
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Capital Efficiency

Average Quarterly ROIC
3.36%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

71/100
BullishWeighted across 6 signals
DCF Discount
155.8% discount to price
100
FCF Yield
12.3% trailing FCF yield
100
ROIC vs WACC
ROIC 3.4% vs WACC 9.0% (0.4x)
19
Net Debt / FCF
1.7x net debt to FCF
38
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
23.4% 5Y FCF CAGR
100
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, Net Debt / FCF.

Narrative Details

51/100
Weak
+5 vs previousVs 6-Month Baseline:Low (15th pct)Weighted across 6 recent drivers
Trend: Improving upConfidence: 100%Updated: 1d ago
Sources: 225 (200 News · 25 Analyst)
Drivers(last 30 days)
164 news sentiment+1.7
11 downgrade headlines-1.3
2 analyst downgrades-0.3
4 upgrade headlines+0.2
19 regulatory scrutiny-0.2
Analyst upgrades+0.0

Trend Details

25/100
WeakAs of 2026-07-24310 daily bars used
6M Relative Strength vs SPY-35.5%
3M Relative Strength vs SPY-9.9%
Distance from 52-Week High-39.4%
Price vs 21 EMA41 · -1.4%
Price vs 50 EMA32 · -3.7%
21 EMA vs 50 EMA31 · -2.4%
3M RS vs SPY16 · -9.9%
6M RS vs SPY2 · -35.5%
Distance from 52W High21 · -39.4%

Investment Coach

Updating... 45d ago
BUYConfidence: 69%
Thesis
Salesforce, Inc. (CRM) is significantly undervalued with an estimated fair value 137% above its current price, supported by strong fundamentals and a robust narrative score. Despite trailing returns relative to its cost of capital, the company's strong free cash flow growth and buyback activity underpin a bullish outlook.
Key Risk
The key risk is the negative spread between ROIC and WACC, indicating returns are currently below the cost of capital, which could pressure valuation if not improved.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 8.00%5 Year CAGR: 23.42%

Free Cash Flow (in millions)

TTM2025202420232022202120202019201820172016201520142013201220112010200920082007
$15,781$13,750$10,970$7,909$6,717$5,511$4,974$3,993$3,272$2,626$2,382$1,591$1,175$917$763$828$325$291$248$133

How Intrinziq Estimates Fair Value

Intrinziq estimates Salesforce, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Salesforce, Inc.Technology

Salesforce, Inc. is a leading provider of customer relationship management (CRM) solutions, dedicated to connecting businesses and their clientele on a global scale. At its core, the Customer 360 platform empowers organizations to create seamless, integrated experiences for their customers. The company's extensive suite of services encompasses a wide array of functionalities: Sales: Tools designed to manage sales pipelines, track leads, forecast opportunities, extract data-driven insights through analytics, and streamline the creation of quotes, contracts, and invoices. Service: Capabilities enabling companies to deliver highly personalized, trustworthy, and scalable customer support. Platform: A versatile development environment, featuring intuitive drag-and-drop tools, that allows businesses of diverse sizes, locations, and industries to build tailored applications, thereby strengthening customer relationships. Learning: An online educational platform providing accessible training to acquire sought-after Salesforce skills. Slack: A comprehensive system for team collaboration and engagement. Marketing: Solutions for strategizing, personalizing, and optimizing individual customer marketing journeys. Commerce: Offerings that unify customer interactions across various channels, including mobile, web, social media, and physical retail stores. Tableau: A complete analytics solution addressing a broad spectrum of enterprise data analysis needs. MuleSoft: An integration platform designed to unlock and connect data residing across an organization's various systems. Salesforce's offerings cater to numerous sectors, such as financial services, healthcare, life sciences, and manufacturing, among others. Beyond its core products, the company also provides professional services and conducts both in-person and online courses to certify customers and partners in the architecture, administration, deployment, and development of its services. Its solutions are distributed through direct sales channels, as well as a network of consulting firms, systems integrators, and other strategic partners. Established in 1999, Salesforce, Inc. maintains its headquarters in San Francisco, California.