Mulya.ai
Ticker
AMGN
Scenario
Key Inputs
Revenue est.?Analysttaper yr2
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?6.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.425
Beta (levered) ?0.531
Terminal OM% ?34.8%
Segment conc. ?21% dominant
Terminal growth ?4.1%
Bond rating ?A- · 1.45%
ROIC option ?Opt 2 · 13.1%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

AMGN · Amgen Inc.

$347.942026-05-17
Sector: Healthcare; Industry: Drug Manufacturers - General; Sub-Industry: Biotechnology

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$589
+69.4% vs market
Base · active
$285
-18.0% vs market
Bear
$285
-18.0% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $285
Base $285
Market $348
Median $355
Bull $589
Market Price $348
Mulya.ai Base $285
Analysts Median $355
Mulya.ai IV range ($285 · $589)
Analysts Range ($185 · $432)
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
2021.Q4$26.0B37.0%12.1%$8.5B−$3.8B$4.7B4.1%17.6%$48.0B$10.85
2022.Q4$26.3B1.3%45.8%10.8%$10.7B−$3.7B$7.1B5.8%23.2%$44.5B$12.07
2023.Q4$28.2B7.1%35.3%14.5%$8.5B−$26.3B−$17.8B5.8%14.6%$72.0B$12.37
2024.Q4$33.4B18.6%27.4%11.3%$8.1B$4.6B$12.7B6.7%11.5%$69.1B$7.53
2025.Q4$36.8B10.0%35.3%14.1%$11.1B−$1.5B$9.6B6.2%15.8%$71.8B$14.2014.6
italics below = DCF projection · 10yr Rev CAGR: 3.6%
2026.Q4$37.8B+2.9%37.0%14.7%$11.9B−$3.5B$8.5B6.5%$8.0B16.2%$75.3B$17.4619.9
2027.Q4$39.0B+3.0%37.6%15.3%$12.4B−$3.1B$9.4B6.7%$8.3B16.2%$78.3B$18.1819.1
2028.Q4$40.2B+3.2%40.8%15.9%$13.8B−$2.8B$11.0B6.9%$9.1B17.3%$81.1B$20.1817.2
2029.Q4$41.9B+4.1%39.0%16.5%$13.6B−$3.7B$9.9B7.1%$7.6B16.4%$84.8B$19.9217.5
2030.Q4$43.3B+3.4%39.0%17.1%$14.0B−$3.3B$10.7B7.3%$7.6B16.2%$88.2B$20.4617.0
Term. Yr+$54.4B4.1%34.8%20.0%$15.1B−$4.7B$10.4B8.6%$112.8B13.1%
Active scenario IV: $285 (-18.0% vs market)