Mulya.ai
Ticker
AMAT
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?10.5%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.422
Beta (levered) ?1.451
Terminal OM% ?33.4%
Segment conc. ?74% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

AMAT · Applied Materials, Inc.

$348.472026-05-17
Sector: Technology; Industry: Semiconductors; Sub-Industry: Semiconductor Materials & Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$249
-28.5% vs market
Base · active
$243
-30.3% vs market
Bear
$180
-48.2% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $180
Base $243
Bull $249
Market $348
Median $430
Market Price $348
Mulya.ai Base $243
Analysts Median $430
Mulya.ai IV range ($180 · $249)
Analysts Range ($290 · $470)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2022.Q1$23.1B34.4%12.2%$7.0B−$1.5B$5.5B9.0%37.9%$18.4B$7.37
2023.Q1$25.8B11.8%34.8%15.5%$7.6B−$3.8B$3.8B10.9%37.0%$22.6B$8.17
2024.Q1$26.5B2.8%33.3%11.2%$7.8B−$609MM$7.2B10.8%33.6%$24.0B$8.58
2025.Q1$27.2B2.5%33.4%20.4%$7.2B−$2.9B$4.3B12.2%29.2%$25.5B$8.98
2026.Q1$28.2B3.8%33.5%17.3%$7.8B−$2.6B$5.2B11.8%28.5%$29.5B$9.8129.4
italics below = DCF projection · 10yr Rev CAGR: 7.6%
2027.Q1$32.9B+16.6%33.8%17.6%$9.2B−$3.1B$6.1B10.3%$5.5B29.6%$32.5B$9.9635.0
2028.Q1$38.4B+16.7%33.8%17.9%$10.7B−$4.1B$6.6B10.1%$5.4B30.8%$36.6B$11.5830.1
2029.Q1$41.9B+9.1%33.8%18.1%$11.6B−$3.1B$8.5B9.9%$6.4B30.4%$39.7B$12.6027.7
2030.Q1$44.6B+6.4%33.8%18.4%$12.3B−$1.7B$10.6B9.8%$7.2B30.3%$41.4B$13.3626.1
2031.Q1$47.0B+5.3%33.8%18.7%$12.9B−$1.6B$11.3B9.6%$7.0B30.6%$43.0B$14.0224.9
Term. Yr+$61.2B4.1%33.4%20.0%$16.4B−$2.8B$13.5B8.6%$120.8B23.6%
Active scenario IV: $243 (-30.3% vs market)