Salesforce valuation based on DCF and EPS is ZERO ?????#####

VALUATION RESULTS (per share)

Present value of future cash flows available for distribution and dividends = US$ -48.91
Tangible net worth = US$ 0.01    (intrinsic value is the greater of these two numbers)
Intrinsic value of common stock = US$ 0   Margin of safety = US$ -61   Upside / downside potential = -100%
definition of terms
 

 

Very interesting.

 

Also check:

 

http://www.gurufocus.com/fair_value_dcf.php