Mulya.ai
Ticker
ANET
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.9%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.295
Beta (levered) ?1.295
Terminal OM% ?34.8%
Segment conc. ?84% 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

ANET · Arista Networks, Inc.

$126.682026-05-17
Sector: Technology; Industry: Computer Hardware; Sub-Industry: Communications Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$129
+1.8% vs market
Base · active
$118
-6.9% vs market
Bear
$57
-54.8% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $57
Base $118
Market $127
Bull $129
Median $185
Market Price $127
Mulya.ai Base $118
Analysts Median $185
Mulya.ai IV range ($57 · $129)
Analysts Range ($165 · $200)
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$2.9B36.3%9.7%$966MM−$318MM$648MM10.3%49.0%$2.0B$0.66
2022.Q4$4.4B48.6%40.3%14.5%$1.5B−$1.4B$115MM10.6%54.2%$3.6B$1.06
2023.Q4$5.9B33.8%44.6%13.8%$2.3B−$395MM$1.9B10.2%57.3%$4.3B$1.64
2024.Q4$7.0B19.5%48.6%12.6%$3.0B$529MM$3.5B10.8%71.5%$4.1B$2.24
2025.Q4$9.0B28.6%49.5%17.4%$3.7B−$263MM$3.4B11.0%85.1%$4.6B$2.7536.2
italics below = DCF projection · 10yr Rev CAGR: 15.3%
2026.Q4$11.4B+26.9%50.1%17.6%$4.7B$0MM$4.7B9.8%$4.3B103.0%$4.6B$3.2039.6
2027.Q4$14.0B+22.3%50.1%17.9%$5.8B$0MM$5.8B9.7%$4.8B125.5%$4.6B$3.9032.5
2028.Q4$17.0B+21.3%50.1%18.2%$7.0B$0MM$7.0B9.6%$5.3B151.8%$4.6B$4.7126.9
2029.Q4$21.3B+25.5%50.1%18.4%$8.7B$0MM$8.7B9.4%$6.0B189.8%$4.6B$5.9021.5
2030.Q4$24.6B+15.8%50.1%18.7%$10.0B$0MM$10.0B9.3%$6.4B219.1%$4.6B$6.8118.6
Term. Yr+$39.0B4.1%34.9%20.0%$10.9B−$1.9B$9.0B8.6%$82.3B23.6%
Active scenario IV: $118 (-6.9% vs market)