WallStSmart

Bentley Systems Inc (BSY)vsSalesforce.com Inc (CRM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Salesforce.com Inc generates 2654% more annual revenue ($42.83B vs $1.56B). CRM leads profitability with a 18.7% profit margin vs 18.1%. CRM appears more attractively valued with a PEG of 0.71. CRM earns a higher WallStSmart Score of 76/100 (B+).

BSY

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 8.0Value: 6.0Quality: 4.5
Piotroski: 7/9Altman Z: 0.90

CRM

Strong Buy

76

out of 100

Grade: B+

Growth: 7.3Profit: 7.5Value: 8.0Quality: 4.5
Piotroski: 5/9Altman Z: 1.50
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BSYUndervalued (+20.5%)

Margin of Safety

+20.5%

Fair Value

$42.67

Current Price

$35.21

$7.46 discount

UndervaluedFair: $42.67Overvalued
CRMUndervalued (+73.6%)

Margin of Safety

+73.6%

Fair Value

$713.24

Current Price

$188.38

$524.86 discount

UndervaluedFair: $713.24Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BSY2 strengths · Avg: 9.5/10
Operating MarginProfitability
30.4%10/10

Strong operational efficiency at 30.4%

Return on EquityProfitability
23.0%9/10

Every $100 of equity generates 23 in profit

CRM6 strengths · Avg: 8.7/10
EPS GrowthGrowth
52.2%10/10

Earnings expanding 52.2% YoY

Market CapQuality
$139.28B9/10

Large-cap with strong market position

Return on EquityProfitability
23.4%9/10

Every $100 of equity generates 23 in profit

PEG RatioValuation
0.718/10

Growing faster than its price suggests

Operating MarginProfitability
21.8%8/10

Strong operational efficiency at 21.8%

Free Cash FlowQuality
$6.56B8/10

Generating 6.6B in free cash flow

Areas to Watch

BSY3 concerns · Avg: 3.3/10
P/E RatioValuation
37.2x4/10

Premium valuation, high expectations priced in

Price/BookValuation
9.0x4/10

Trading at 9.0x book value

Altman Z-ScoreHealth
0.902/10

Distress zone — elevated risk

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

Distress zone — elevated risk

Debt/EquityHealth
1.223/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : BSY

The strongest argument for BSY centers on Operating Margin, Return on Equity. Profitability is solid with margins at 18.1% and operating margin at 30.4%. Revenue growth of 14.5% demonstrates continued momentum.

Bull Case : CRM

The strongest argument for CRM centers on EPS Growth, Market Cap, Return on Equity. Profitability is solid with margins at 18.7% and operating margin at 21.8%. Revenue growth of 13.3% demonstrates continued momentum.

Bear Case : BSY

The primary concerns for BSY are P/E Ratio, Price/Book, Altman Z-Score.

Bear Case : CRM

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

Key Dynamics to Monitor

CRM carries more volatility with a beta of 1.18 — expect wider price swings.

BSY is growing revenue faster at 14.5% — sustainability is the question.

CRM generates stronger free cash flow (6.6B), providing more financial flexibility.

Monitor SOFTWARE - APPLICATION industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CRM scores higher overall (76/100 vs 64/100), backed by strong 18.7% margins and 13.3% revenue growth. BSY offers better value entry with a 20.5% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Bentley Systems Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Bentley Systems, Incorporated, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The company is headquartered in Exton, Pennsylvania.

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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