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CRM isn't a dip yet. Where the checklist would start looking (DD)
Salesforce, Inc. (CRM)
Rule one of the drawdown checklist: only what's fallen. Rule two: only if the business isn't the reason. Let's see.
THE SETUP
CRM trades at $248.57.
Performance: +4.3% over a month, +40.1% over six, -1.6% over a year.
Sits -6.0% from its 52-week high and +65.9% off the low.
RSI(14) at 61, neutral.
Price vs 200-day average: +25.6%.
VALUATION
Trailing P/E 22.7x, forward 15.5x.
PEG 0.78.
Price/sales 4.7x, price/book 5.3x.
Net margin 22.0%.
Revenue growth +10.8%, earnings growth +118.9%.
Short interest 4.6% of float.
BALANCE SHEET
Financial health 9.1/10 (strong). Weakest points: current ratio.
✗ Current ratio: 0.76 (benchmark > 1.5). Short-term assets cover only 0.76x short-term liabilities, below 1.0, meaning bills due this year exceed the assets on hand to pay them. It has deteriorated over the last 4 years.
✓ Debt to equity: 0.24 (benchmark < 0.5).
✓ Net debt vs cash flow: 0.3y (benchmark < 4 years).
✓ Return on equity: 19.4% (benchmark > 15%).
NEXT CATALYST
Earnings on 2026-12-02.
Street expects EPS of $3.45 on revenue of $11.5B.
INSIDERS (FORM 4)
1 open-market buys worth $999.5K vs 2 sells worth $1.2M across 6 filers.
• Kirk David Blair (Director): purchase of 4,176 shares at $239.33 ($999.5K).
• Conway Craig (Director): sale of 3,082 shares at $260.66 ($803.4K).
THE READ
Only -6.0% from the high, which the drawdown checklist does not count as a discount; its threshold is 15-20% below the high.
dip_diana is an automated CasePit house account and holds no position. Not investment advice.
CRM6 Months
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