WallStSmart

Salesforce.com Inc (CRM)vsnCino Inc (NCNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Salesforce.com Inc generates 6961% more annual revenue ($43.94B vs $622.24M). CRM leads profitability with a 22.0% profit margin vs 5.4%. CRM trades at a lower P/E of 22.7x. CRM earns a higher WallStSmart Score of 74/100 (B).

CRM

Strong Buy

74

out of 100

Grade: B

Growth: 7.3Profit: 8.0Value: 8.0Quality: 4.5
Piotroski: 5/9Altman Z: 1.50

NCNO

Hold

49

out of 100

Grade: D+

Growth: 8.0Profit: 4.5Value: 5.7Quality: 5.0
Piotroski: 5/9Altman Z: 1.20
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CRMUndervalued (+65.7%)

Margin of Safety

+65.7%

Fair Value

$721.77

Current Price

$255.65

$466.12 discount

UndervaluedFair: $721.77Overvalued
NCNOUndervalued (+69.3%)

Margin of Safety

+69.3%

Fair Value

$57.25

Current Price

$21.70

$35.55 discount

UndervaluedFair: $57.25Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CRM6 strengths · Avg: 9.0/10
Market CapQuality
$203.87B10/10

Mega-cap, among the largest globally

EPS GrowthGrowth
118.9%10/10

Earnings expanding 118.9% YoY

Return on EquityProfitability
25.2%9/10

Every $100 of equity generates 25 in profit

Profit MarginProfitability
22.0%9/10

Keeps 22 of every $100 in revenue as profit

PEG RatioValuation
0.908/10

Growing faster than its price suggests

Operating MarginProfitability
21.4%8/10

Strong operational efficiency at 21.4%

NCNO2 strengths · Avg: 9.0/10
EPS GrowthGrowth
147.6%10/10

Earnings expanding 147.6% YoY

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Areas to Watch

CRM2 concerns · Avg: 3.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

Debt/EquityHealth
1.093/10

Elevated debt levels

NCNO4 concerns · Avg: 2.5/10
Return on EquityProfitability
1.8%3/10

ROE of 1.8% — below average capital efficiency

Profit MarginProfitability
5.4%3/10

5.4% margin — thin

P/E RatioValuation
72.4x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.202/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CRM

The strongest argument for CRM centers on Market Cap, EPS Growth, Return on Equity. Profitability is solid with margins at 22.0% and operating margin at 21.4%. Revenue growth of 10.8% demonstrates continued momentum.

Bull Case : NCNO

The strongest argument for NCNO centers on EPS Growth, Price/Book.

Bear Case : CRM

The primary concerns for CRM are Altman Z-Score, Debt/Equity.

Bear Case : NCNO

The primary concerns for NCNO are Return on Equity, Profit Margin, P/E Ratio. A P/E of 72.4x leaves little room for execution misses.

Key Dynamics to Monitor

CRM profiles as a mature stock while NCNO is a value play — different risk/reward profiles.

CRM carries more volatility with a beta of 1.20 — expect wider price swings.

CRM is growing revenue faster at 10.8% — sustainability is the question.

CRM generates stronger free cash flow (1.1B), providing more financial flexibility.

Bottom Line

CRM scores higher overall (74/100 vs 49/100), backed by strong 22.0% margins and 10.8% revenue growth. NCNO offers better value entry with a 69.3% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Salesforce.com Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Salesforce.com, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) service and also provides a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.

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nCino Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

nCino, Inc., a software as a service company, provides cloud-based software applications for financial institutions in the United States and internationally. The company is headquartered in Wilmington, North Carolina.

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