Salesforce Piotroski F Score

CRM -  USA Stock  

USD 231.23  2.60  1.14%

This module uses fundamental data of Salesforce to approximate its Piotroski F score. Salesforce F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Salesforce. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Salesforce financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Salesforce Altman Z Score, Salesforce Correlation, Salesforce Valuation, as well as analyze Salesforce Alpha and Beta and Salesforce Hype Analysis.

Salesforce Piotroski F Score 

 
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Salesforce Total Debt is relatively stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 7.79 Billion. Debt Non Current is expected to hike to about 6.8 B this year, although the value of Debt Current will most likely fall to nearly 862.2 M. Salesforce Operating Margin is relatively stable at the moment as compared to the past year. The company's current value of Operating Margin is estimated at 2.66. Cash and Equivalents Turnover is expected to hike to 3.92 this year, although the value of PPandE Turnover will most likely fall to 9.17.
At this time, it appears that Salesforce's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
No Change

Salesforce Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Salesforce is to make sure Salesforce is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Salesforce's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Salesforce's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares939.1 MB
Moderately Down
Increasing
Slightly volatile
Weighted Average Shares Diluted959 M1.1 B
Moderately Down
Increasing
Slightly volatile
Net Cash Flow from OperationsB5.5 B
Significantly Up
Increasing
Slightly volatile
Total Assets82.3 B76.2 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities30.8 B28.5 B
Significantly Up
Increasing
Slightly volatile
Current Assets27.2 B25.2 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities22 B20.4 B
Significantly Up
Increasing
Slightly volatile
Total Debt7.8 B7.2 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.08560.0794
Significantly Up
Increasing
Slightly volatile
Gross Margin0.670.67
Steady
Decreasing
Slightly volatile
Asset Turnover0.390.32
Fairly Up
Decreasing
Slightly volatile

Salesforce F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Salesforce's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Salesforce in a much-optimized way.

About Salesforce Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

939.13 MillionShare
Salesforce Weighted Average Shares is relatively stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 939.13 Million

Salesforce Current Valuation Drivers

We derive many important indicators used in calculating different scores of Salesforce from analyzing Salesforce's financial statements. These drivers represent accounts that assess Salesforce's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Salesforce's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee4.4 K31.71 K2.57 K71.74 K64.57 K69.66 K
Revenue Per Employee361.38 K379.49 K348.94 K374.41 K336.97 K318.92 K
Average Assets18.49 B26.53 B42.89 B59.21 B68.09 B73.47 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.2 B1.97 B2.84 B5.41 B6.22 B6.71 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.2 B1.97 B2.84 B5.41 B6.22 B6.71 B
Earnings before Tax420 M983 M706 M2.56 B2.95 B3.18 B
Average Equity8.9 B13.72 B25.19 B38.7 B44.51 B48.02 B
Enterprise Value82.05 B117.83 B163.93 B208.5 B239.78 B258.71 B
Free Cash Flow2.2 B2.8 B3.69 B4.09 B4.7 B5.08 B
Invested Capital2.81 B4.52 B10.8 B16.51 B18.99 B20.49 B
Invested Capital Average1.67 B4.46 B10.38 B14.26 B16.39 B17.69 B
Market Capitalization82.28 B116.26 B161.71 B206.39 B237.35 B256.08 B
Tangible Asset Value13.7 B15.27 B23.92 B34.15 B39.28 B42.38 B
Working Capital(483 M)(572 M)1.12 B4.16 B4.79 B5.16 B

About Salesforce Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Salesforce's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Salesforce using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Salesforce based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company was founded in 1999 and is headquartered in San Francisco, California. Salesforce operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 69530 people.

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Our tools can tell you how much better you can do entering a position in Salesforce without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Salesforce

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Salesforce position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Salesforce will appreciate offsetting losses from the drop in the long position's value.

Salesforce Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Salesforce and Forian Inc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Salesforce Altman Z Score, Salesforce Correlation, Salesforce Valuation, as well as analyze Salesforce Alpha and Beta and Salesforce Hype Analysis. Note that the Salesforce information on this page should be used as a complementary analysis to other Salesforce's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Salesforce price analysis, check to measure Salesforce's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Salesforce is operating at the current time. Most of Salesforce's value examination focuses on studying past and present price action to predict the probability of Salesforce's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Salesforce's price. Additionally, you may evaluate how the addition of Salesforce to your portfolios can decrease your overall portfolio volatility.
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Is Salesforce's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Salesforce. If investors know Salesforce will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Salesforce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Salesforce is measured differently than its book value, which is the value of Salesforce that is recorded on the company's balance sheet. Investors also form their own opinion of Salesforce's value that differs from its market value or its book value, called intrinsic value, which is Salesforce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Salesforce's market value can be influenced by many factors that don't directly affect Salesforce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Salesforce's value and its price as these two are different measures arrived at by different means. Investors typically determine Salesforce value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Salesforce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.