$Salesforce (CRM.US)$In the analysis on December 8, 2022, it...

The US company, which was listed in 2004, is mainly engaged in digital marketing SaaS business. 60% of the market is in the US, and the current price is 275.02. Revenue has continued to grow over the past 5 years, with an average growth rate of 21.3%. Recently, operating profit has grown rapidly by reducing fees, but in the long run, it has fluctuated greatly, and net profit is similar. The gross margin fell from 75.2% to 73.3% in the past 5 years and then returned to 75.5%. The net interest rate fluctuated greatly. It once reached 19.2% in 2021, then fell below 6% for the next two years, then reached 11.9% in 2024, and 7% in 2024.

Currently, the price-earnings ratio is 65.5. Net profit has fluctuated greatly over the past 5 years. The average net profit is only 2 billion dollars, and the corresponding price-earnings ratio is 133. Considering that profit is very unstable in the long run, there is no safe space for the current valuation.