Saturday, October 17, 2020

CRM stock: 2004 - 65 times bagger stock - New Done Jones stock

 The third company on the list is SaaS company (CRM - Get Rating), which has just replaced Exxon Mobil (XOM) on the Dow Jones Index. In the last two quarters, Salesforce’s total sales were up 30% year-over-year. Each of its verticals experienced revenue growth north of 20% while its Platform business increased sales by 64% year-over-year.

Salesforce has been the leading customer relationship platform (CRM) in the world since 2013 and ended 2019 with a market share of 18.4%, according to research firm IDC.

Salesforce continues to benefit as businesses are rapidly shifting operations towards the cloud. However, the stock has returned 6,500% since its IPO in 2004 which has resulted in a sky-high valuation. Salesforce stock is trading at a forward price to earnings multiple of 100x while its price to sales multiple is 11x.

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