Salesforce Z Score
CRM Stock  USD 187.44 0.93 0.50% 
Salesforce  Z Score 
Salesforce Z Score Analysis
Salesforce's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
More About Z Score  All Equity Analysis
2022  2023 (projected)  
Interest Expense  102.35 M  93.57 M 
Gross Profit  22.99 B  24.81 B 
Z Score  =  Sum Of   5 Factors 
Current Salesforce Z Score  12.0 
Most of Salesforce's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Salesforce is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Salesforce Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Salesforce is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Salesforce's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Salesforce's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Salesforce's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Competition 
In accordance with the company's disclosures, Salesforce has a Z Score of 12.0. This is 10.78% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The z score for all United States stocks is 37.61% lower than that of the firm.
Salesforce Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Salesforce's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Salesforce could also be used in its relative valuation, which is a method of valuing Salesforce by comparing valuation metrics of similar companies.Salesforce is currently under evaluation in z score category among related companies.
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.
2018  2019  2020  2021  2022  2023 (projected)  
Net Income Per Employee  31.71 K  2.57 K  71.74 K  19.64 K  2.62 K  2.69 K  
Revenue Per Employee  379.49 K  348.94 K  374.41 K  360.23 K  394.91 K  351.9 K  
Average Assets  26.53 B  42.89 B  59.21 B  84.05 B  94.48 B  101.93 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  1.97 B  2.84 B  5.41 B  4.83 B  4.45 B  3.54 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  1.97 B  2.84 B  5.41 B  4.83 B  4.45 B  3.54 B  
Earnings before Tax  983 M  706 M  2.56 B  1.53 B  660 M  684.55 M  
Average Equity  13.72 B  25.19 B  38.7 B  53.32 B  59.17 B  63.84 B  
Enterprise Value  117.83 B  163.93 B  208.5 B  238.39 B  175.89 B  154.99 B  
Free Cash Flow  2.8 B  3.69 B  4.09 B  5.28 B  6.31 B  6.81 B  
Invested Capital  4.52 B  10.8 B  16.51 B  22.68 B  21.64 B  23.35 B  
Invested Capital Average  4.46 B  10.38 B  14.26 B  20.18 B  21.94 B  23.67 B  
Market Capitalization  116.26 B  161.71 B  206.39 B  229.14 B  167.97 B  149.49 B  
Tangible Asset Value  15.27 B  23.92 B  34.15 B  35.95 B  40.46 B  43.65 B  
Working Capital  (572 M)  1.12 B  4.16 B  1.06 B  504 M  543.79 M 
Salesforce ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower socialengagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Salesforce's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Salesforce's managers, analysts, and investors.Environment Score  Governance Score  Social Score 
Salesforce Institutional Holders
Institutional Holdings refers to the ownership stake in Salesforce that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Salesforce's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Salesforce's value.Last Transaction  Type  Shares  Value  
Vanguard Group Inc  20221231  Common Shares  81.9 M  10.9 B  
State Street Corp  20221231  Common Shares  45.1 M  6 B  
Wellington Management Group Llp  20221231  Common Shares  11.7 M  1.5 B  
Ubs Asset Management Americas Inc  20221231  Common Shares  8.3 M  1.1 B  
T Rowe Price Investment Management Inc  20221231  Common Shares  4.7 M  628.7 M  
Swiss National Bank  20221231  Common Shares  4.1 M  538.9 M  
Sustainable Growth Advisers Lp  20221231  Common Shares  4 M  527.7 M  
Wells Fargo Company  20221231  Common Shares  3.3 M  442.1 M  
Ubs Group Ag  20221231  Common Shares  3.3 M  438.3 M  
Sumitomo Mitsui Trust Holdings Inc  20221231  Common Shares  3.3 M  437.8 M  
Royal Bank Of Canada  20221231  Common Shares  3.1 M  407.5 M 
Salesforce Fundamentals
Return On Equity  0.0036 %  
Return On Asset  0.012 %  
Profit Margin  0.0066 %  
Operating Margin  0.06 %  
Current Valuation  136.83 B  
Shares Outstanding  1000 M  
Shares Owned by Insiders  3.25 %  
Shares Owned by Institutions  78.17 %  
Number of Shares Shorted  9.17 M  
Price to Earning  291.69 X  
Price to Book  2.27 X  
Price to Sales  4.31 X  
Revenue  31.35 B  
Gross Profit  22.99 B  
EBITDA  4.45 B  
Net Income  208 M  
Cash and Equivalents  7.02 B  
Cash per Share  13.53 X  
Total Debt  9.42 B  
Debt to Equity  0.24 %  
Current Ratio  1.06 X  
Book Value Per Share  59.49 X  
Cash Flow from Operations  7.11 B  
Short Ratio  1.25 X  
Earnings Per Share  0.20 X  
Price to Earnings To Growth  1.36 X  
Target Price  218.89  
Number of Employees  79.39 K  
Beta  1.21  
Market Capitalization  188.68 B  
Total Asset  98.85 B  
Retained Earnings  2.15 B  
Working Capital  (1.27 B)  
Current Asset  4.35 B  
Current Liabilities  5.62 B  
Z Score  12.0  
Net Asset  98.85 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, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Salesforce, Inc. was incorporated 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 78634 people.
Salesforce Investors Sentiment
The influence of Salesforce's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Salesforce. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Salesforce's public news can be used to forecast risks associated with investment in Salesforce. The trend in average sentiment can be used to explain how an investor holding Salesforce can time the market purely based on public headlines and social activities around Salesforce. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Salesforce's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Salesforce's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Salesforce's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Salesforce.
Salesforce Implied Volatility  41.47 
Salesforce's implied volatility exposes the market's sentiment of Salesforce stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Salesforce's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Salesforce stock will not fluctuate a lot when Salesforce's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Salesforce in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Salesforce's short interest history, or implied volatility extrapolated from Salesforce options trading.
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.Moving together with Salesforce
+  0.87  AI  C3 Ai Inc  Upward Rally  PairCorr  
+  0.88  MIXT  Mix Telemats  Fiscal Quarter End 31st of March 2023  PairCorr  
+  0.94  DSGX  Descartes Systems  Fiscal Quarter End 30th of April 2023  PairCorr  
+  0.65  MNDO  MIND CTI  Fiscal Quarter End 31st of March 2023  PairCorr  
+  0.84  WDAY  Workday  Fiscal Quarter End 30th of April 2023  PairCorr  
+  0.91  FICO  Fair Isaac  Fiscal Quarter End 31st of March 2023  PairCorr 
Moving against Salesforce
  0.84  XELA  Exela Technologies  Report 24th of March 2023  PairCorr  
  0.63  EBIX  Ebix Inc  Fiscal Quarter End 31st of March 2023  PairCorr  
  0.52  NTWK  NetSol Technologies  Fiscal Quarter End 31st of March 2023  PairCorr  
  0.51  MITK  Mitek Systems  Financial Report 27th of April 2023  PairCorr 
The ability to find closely correlated positions to Salesforce could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Salesforce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Salesforce  that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Salesforce to buy it.
The correlation of Salesforce is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between 1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salesforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salesforce moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Salesforce can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Check out Salesforce Piotroski F Score and Salesforce Valuation analysis. To learn how to invest in Salesforce Stock please use our How to Invest in Salesforce guide. You can also try Portfolio File Import module to quickly import all of your thirdparty portfolios from your local drive in csv format.
Complementary Tools for analysis
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.
Quarterly Earnings Growth (0.55)  Earnings Share 0.2  Revenue Per Share 31.605  Quarterly Revenue Growth 0.144  Return On Assets 0.012 
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.