Market Pulse50Neutral

Salesforce, Inc.Opportunity Rank #45(CRM) Intrinsic Value & DCF Analysis (2026)

Sector: Technology

Current Price

$195.18

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$195.18
Price
$338.33
Intrinsic Value
Undervalued by 73%MOS: $270.66

Fundamental Score

77/100
Bullish

Weighted across 6 signals

Narrative Score

66/100
Improving

No change vs previous

The intrinsic value of Salesforce, Inc. (CRM) is estimated at $338.33 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $195.18, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.99% long-term growth rate and a 9.34% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Salesforce, Inc. (CRM) is estimated at $338.33 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $195.18, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.99% long-term growth rate and a 9.34% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$338.33
73.34% upside
20% margin of safety: $270.66
Years: 10Growth Rate: 7.99%
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Capital Efficiency

Average Quarterly ROIC
3.13%
Cost of Capital (estimated)8%
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

77/100
BullishWeighted across 6 signals
DCF Discount
73.3% discount to price
100
FCF Yield
8.5% trailing FCF yield
100
ROIC vs WACC
ROIC 3.1% vs WACC 8.0% (0.4x)
20
Net Debt / FCF
0.3x net debt to FCF
94
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
23.1% 5Y FCF CAGR
100
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC.

Narrative Details

66/100
Improving
Vs 6-Month Baseline:Average (40th pct)Weighted across 6 recent drivers
Trend: Deteriorating downConfidence: 100%Updated: 1h ago
Sources: 233 (200 News · 33 Analyst)
Drivers(last 30 days)
175 news sentiment+1.5
4 earnings beat+0.1
2 layoffs-0.1
Macro headwinds+0.1
Upgrade headlines+0.0
Downgrade headlines-0.0

Investment Coach

Updated 11h ago
BUYConfidence: 69%
Thesis
Salesforce, Inc. (CRM) is undervalued with an estimated fair value 75% above its current price, supported by strong fundamentals and a bullish score of 77. Despite trailing returns relative to its cost of capital, the company shows solid free cash flow growth and buyback activity, indicating potential for price appreciation.
Key Risk
The key risk is the negative spread between ROIC and WACC, which may pressure returns and 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: 7.99%5 Year CAGR: 23.12%

Free Cash Flow (in millions)

TTM2025202420232022202120202019201820172016201520142013201220112010200920082007
$15,590$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. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale. Its service offerings also comprise flexible platform that enables companies of various sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. In addition, the company's service offerings include Marketing offering that enables companies to plan, personalize, and optimize one-to-one customer marketing journeys; and Commerce offering, which empowers brands to unify the customer experience across mobile, web, social, and store commerce points. Further, its service offerings comprise Tableau, an end-to-end analytics solution serving various enterprise use cases; and MuleSoft, an integration offering that allows its customers to unlock data across their enterprise. The company provides its service offering for customers in financial services, healthcare and life sciences, manufacturing, and other industries. It also offers professional services; and in-person and online courses to certify its customers and partners on architecting, administering, deploying, and developing its service offerings. The company provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.