Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Enterprise Value (EV) 

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Current Enterprise Value (EV)

Salesforce Inc., current enterprise value calculation

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Current share price (P) $172.73
No. shares of common stock outstanding 995,000,000
US$ in millions
Common equity (market value)1 171,866 
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) — 
Total equity 171,866 
Add: Finance lease liabilities, current (per books) 114 
Add: Current portion of debt (per books)
Add: Noncurrent debt, excluding current portion (per books) 10,592 
Add: Noncurrent finance lease liabilities (per books) 271 
Add: Capital lease obligations (per books) — 
Total equity and debt 182,847 
Less: Cash and cash equivalents 5,464 
Less: Marketable securities 5,073 
Enterprise value (EV) 172,310 

Based on: 10-K (reporting date: 2022-01-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 172.73 × 995,000,000


Historical Enterprise Value (EV)

Salesforce Inc., EV calculation

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Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Share price1, 2 $197.90 $213.12 $169.60 $155.06 $127.41 $82.50
No. shares of common stock outstanding1 990,000,000 921,000,000 895,000,000 771,000,000 731,500,000 707,500,000
US$ in millions
Common equity (market value)3 195,921  196,284  151,792  119,551  93,200  58,369 
Add: Preferred stock, $0.001 par value; none issued and outstanding (book value) —  —  —  —  —  — 
Total equity 195,921  196,284  151,792  119,551  93,200  58,369 
Add: Finance lease liabilities, current (book value) 114  35  53  —  —  — 
Add: Current portion of debt (book value) 1,025  — 
Add: Noncurrent debt, excluding current portion (book value) 10,592  2,673  2,673  3,173  695  2,008 
Add: Noncurrent finance lease liabilities (book value) 271  93  332  —  —  — 
Add: Capital lease obligations (book value) —  —  —  191  295  397 
Total equity and debt 206,902  199,089  154,854  122,918  95,215  60,774 
Less: Cash and cash equivalents 5,464  6,195  4,145  2,669  2,543  1,607 
Less: Marketable securities 5,073  5,771  3,802  1,673  1,978  602 
Enterprise value (EV) 196,365  187,123  146,907  118,576  90,694  58,565 

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Salesforce Inc. Annual Report.

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 197.90 × 990,000,000

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Salesforce Inc. EV increased from 2020 to 2021 and from 2021 to 2022.