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salesforce.com inc. (CRM)

Enterprise Value (EV)

Difficulty: Intermediate

Current Enterprise Value (EV)

salesforce.com inc., current enterprise value calculation

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Current share price (P) $ 140.09
No. shares of common stock outstanding 765,000,000
USD $ in thousands
Common equity (market value) 107,168,850 
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) – 
Total equity 107,168,850 
Add: Current portion of debt (per books) 1,024,717 
Add: Non-current debt (per books) 694,781 
Total equity and debt 108,888,348 
Less: Cash and cash equivalents 2,543,484 
Less: Marketable securities 1,978,221 
Enterprise value (EV) 104,366,643 

Based on: 10-K (filing date: 2018-03-09).

Historical Enterprise Value (EV)

salesforce.com inc., EV calculation

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Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015 Jan 31, 2014 Jan 31, 2013
No. shares of common stock outstanding1 731,500,000 707,500,000 670,900,000 650,600,000 610,100,000 585,600,000
Share price1, 2 (USD $) 127.41 82.50 70.49 64.56 63.68 46.46
USD $ in thousands
Common equity (market value) 93,200,415  58,368,750  47,291,741  42,002,736  38,851,168  27,206,976 
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) –  –  –  –  –  – 
Total equity 93,200,415  58,368,750  47,291,741  42,002,736  38,851,168  27,206,976 
Add: Current portion of debt (per books) 1,024,717  –  –  –  572,159  521,278 
Add: Non-current debt (per books) 694,781  2,008,391  1,293,947  1,370,692  1,301,930  – 
Total equity and debt 94,919,913  60,377,141  48,585,688  43,373,428  40,725,257  27,728,254 
Less: Cash and cash equivalents 2,543,484  1,606,549  1,158,363  908,117  781,635  747,245 
Less: Marketable securities 1,978,221  602,338  183,018  87,312  57,139  120,376 
Enterprise value (EV) 90,398,208  58,168,254  47,244,307  42,377,999  39,886,483  26,860,633 

Based on: 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06), 10-K (filing date: 2014-03-05), 10-K (filing date: 2013-03-08).

1 Data adjusted for splits and stock dividends.
2 Close price on the filing date of salesforce.com inc.'s Annual Report.

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.com inc.'s EV increased from 2016 to 2017 and from 2017 to 2018.