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Salesforce (MEX:CRM) Cyclically Adjusted FCF per Share : MXN126.66 (As of Jan. 2025)


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What is Salesforce Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Salesforce's adjusted free cash flow per share for the three months ended in Jan. 2025 was MXN81.071. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN126.66 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Salesforce's average Cyclically Adjusted FCF Growth Rate was 26.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 24.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 26.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Salesforce was 30.60% per year. The lowest was 20.10% per year. And the median was 25.50% per year.

As of today (2025-05-08), Salesforce's current stock price is MXN5435.00. Salesforce's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2025 was MXN126.66. Salesforce's Cyclically Adjusted Price-to-FCF of today is 42.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Salesforce was 124.45. The lowest was 35.53. And the median was 85.34.


Salesforce Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Salesforce's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Salesforce Cyclically Adjusted FCF per Share Chart

Salesforce Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.52 64.12 71.49 83.17 126.66

Salesforce Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.17 92.55 101.69 113.96 126.66

Competitive Comparison of Salesforce's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Salesforce's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Salesforce's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Salesforce's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Salesforce's Cyclically Adjusted Price-to-FCF falls into.


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Salesforce Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Salesforce's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=81.071/134.0288*134.0288
=81.071

Current CPI (Jan. 2025) = 134.0288.

Salesforce Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201504 5.526 99.824 7.420
201507 5.831 100.691 7.762
201510 2.053 100.346 2.742
201601 10.934 99.957 14.661
201604 24.222 100.947 32.160
201607 4.169 101.524 5.504
201610 0.372 101.988 0.489
201701 16.462 102.456 21.535
201704 28.139 103.167 36.557
201707 4.973 103.278 6.454
201710 0.363 104.070 0.467
201801 22.693 104.578 29.084
201804 33.460 105.708 42.424
201807 6.920 106.324 8.723
201810 0.181 106.695 0.227
201901 28.287 106.200 35.699
201904 43.259 107.818 53.775
201907 6.164 108.250 7.632
201910 2.792 108.577 3.446
202001 30.952 108.841 38.115
202004 40.341 108.173 49.983
202007 7.593 109.318 9.309
202010 4.872 109.861 5.944
202101 43.542 110.364 52.878
202104 65.592 112.673 78.024
202107 3.614 115.183 4.205
202110 4.886 116.696 5.612
202201 37.307 118.619 42.153
202204 71.124 121.978 78.151
202207 2.665 125.002 2.857
202210 2.283 125.734 2.434
202301 49.047 126.223 52.080
202304 77.339 127.992 80.987
202307 10.648 128.974 11.065
202310 25.138 129.810 25.955
202401 57.009 130.124 58.720
202404 105.400 132.289 106.786
202407 14.431 132.708 14.575
202410 36.928 133.182 37.163
202501 81.071 134.029 81.071

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Salesforce  (MEX:CRM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Salesforce's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5435.00/126.66
=42.91

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Salesforce was 124.45. The lowest was 35.53. And the median was 85.34.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Salesforce Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Salesforce's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Salesforce Business Description

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Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.