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 ?9.1%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.151
Beta (levered) ?1.427
Terminal OM% ?34.0%
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 · 2026-07-21

CRM · Salesforce, Inc.

$158.372026-07-21
Sector: Technology; Industry: Software - Application; Sub-Industry: Application Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$250
+58.1% vs market
Base · active
$218
+37.5% vs market
Bear
$191
+20.5% vs market
Mulya.ai vs Analyst IV Comparison?
Market $158
Bear $191
Base $218
Bull $250
Median $265
Market Price $158
Mulya.ai Base $218
Analysts Median $265
Mulya.ai IV range ($191 · $250)
Analysts Range ($215 · $325)
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
2025.Q1$34.9B17.2%15.7%$5.0B−$969MM$4.1B9.2%7.7%$65.6B$4.75
2025.Q4$34.9B0.0%17.2%16.7%$5.0B−$3.4B$1.6B10.7%7.4%$69.8B$4.75
2026.Q1$37.9B8.7%22.7%17.8%$7.1B−$3.2B$3.9B9.4%10.3%$67.5B$7.11
2026.Q4$37.9B0.0%22.7%21.7%$6.7B−$8.4B−$1.7B10.2%9.2%$79.8B$7.11
2027.Q1$42.8B13.0%26.2%21.9%$8.8B−$9.5B−$751MM8.9%11.1%$78.9B$9.2112.3
italics below = DCF projection · 10yr Rev CAGR: 6.3%
2028.Q1$47.3B+10.4%31.3%21.7%$11.6B−$8.8B$2.8B9.1%$2.6B13.9%$87.6B$9.3317.0
2029.Q1$51.8B+9.5%31.9%21.5%$13.0B−$8.7B$4.3B9.0%$3.6B14.1%$96.3B$10.8514.6
2030.Q1$56.4B+9.0%32.4%21.3%$14.4B−$8.8B$5.6B9.0%$4.3B14.3%$105.1B$12.5212.6
2031.Q1$60.0B+6.3%33.0%21.1%$15.6B−$7.4B$8.2B8.9%$5.8B14.3%$112.6B$14.0511.3
2032.Q1$63.2B+5.3%34.0%20.9%$17.0B−$6.8B$10.2B8.9%$6.7B14.7%$119.3B$16.339.7
Term. Yr+$82.3B4.1%34.0%20.0%$22.4B−$7.0B$15.4B8.6%$146.3B13.1%
Active scenario IV: $218 (+37.5% vs market)