Mulya.ai
Ticker
CRM
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.9%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.307
Beta (levered) ?1.394
Terminal OM% ?34.9%
Segment conc. ?24% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 2 · 13.1%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

CRM · Salesforce, Inc.

$187.182026-05-17
Sector: Technology; Industry: Software - Application; Sub-Industry: Application Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$261
+39.6% vs market
Base · active
$242
+29.5% vs market
Bear
$202
+7.9% vs market
Mulya.ai vs Analyst IV Comparison?
Market $187
Bear $202
Base $242
Bull $261
Median $270
Market Price $187
Mulya.ai Base $242
Analysts Median $270
Mulya.ai IV range ($202 · $261)
Analysts Range ($235 · $400)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2022.Q4$26.5B2.5%5.7%$633MM−$15.4B−$14.8B7.5%0.9%$71.0B$1.54
2023.Q4$31.4B18.3%4.0%45.0%$694MM−$1.2B−$521MM9.5%1.0%$70.7B$0.22
2024.Q4$34.9B11.2%17.6%16.4%$5.1B−$1.4B$3.8B9.4%7.4%$68.7B$4.40
2025.Q4$37.9B8.7%23.3%16.7%$7.4B−$3.7B$3.6B10.7%10.5%$71.0B$6.59
2026.Q4$41.5B9.6%26.3%21.7%$8.6B−$8.7B−$188MM10.2%11.3%$80.8B$7.9316.1
italics below = DCF projection · 10yr Rev CAGR: 7.3%
2027.Q4$46.1B+11.1%32.2%21.5%$11.7B−$5.3B$6.3B9.8%$5.8B14.0%$86.1B$8.2722.6
2028.Q4$50.5B+9.6%32.8%21.3%$13.0B−$5.9B$7.1B9.7%$5.9B14.6%$92.0B$9.6719.4
2029.Q4$55.5B+9.9%33.3%21.2%$14.6B−$7.9B$6.6B9.6%$5.0B15.2%$100.0B$11.3016.6
2030.Q4$60.8B+9.4%33.8%21.0%$16.2B−$7.7B$8.6B9.4%$5.9B15.7%$107.6B$13.1114.3
2031.Q4$65.0B+7.0%34.9%20.8%$18.0B−$6.7B$11.3B9.3%$7.1B16.2%$114.3B$15.6012.0
Term. Yr+$87.5B4.1%34.9%20.0%$24.4B−$7.6B$16.8B8.6%$153.9B13.1%
Active scenario IV: $242 (+29.5% vs market)