Mulya.ai
Ticker
APP
Scenario
Key Inputs
Revenue est.?Analysttaper yr4
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?12.7%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.918
Beta (levered) ?1.954
Terminal OM% ?42.0%
Segment conc. ?68% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

APP · AppLovin Corporation

$477.082026-07-21
Sector: Technology; Industry: Software - Application; Sub-Industry: Application Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Very High Uncertainty
Bull
$1320
+176.7% vs market
Base · active
$325
-32.0% vs market
Bear
$125
-73.9% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $125
Base $325
Market $477
Median $683
Bull $1320
Market Price $477
Mulya.ai Base $325
Analysts Median $683
Mulya.ai IV range ($125 · $1320)
Analysts Range ($340 · $835)
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
2024.Q1$1.8B41.9%8.4%$708MM$143MM$851MM14.6%13.5%$5.3B$1.05
2024.Q4$1.8B0.0%41.9%0.0%$773MM$175MM$948MM15.2%14.7%$5.3B$1.05
2025.Q1$3.2B75.1%59.3%1.8%$1.9B$104MM$2.0B15.7%35.5%$5.3B$4.66
2025.Q4$3.2B0.0%59.3%13.0%$1.7B$338MM$2.0B15.8%33.1%$4.7B$4.66
2026.Q1$6.2B91.2%77.1%14.7%$4.1B$333MM$4.4B15.3%91.9%$4.1B$11.7034.0
italics below = DCF projection · 10yr Rev CAGR: 15.6%
2027.Q1$9.0B+46.6%77.1%15.2%$5.9B$0MM$5.9B12.3%$5.3B145.1%$4.1B$17.4427.4
2028.Q1$11.8B+30.0%73.2%15.8%$7.2B$0MM$7.2B11.9%$5.8B178.0%$4.1B$21.3922.3
2029.Q1$13.8B+17.3%69.3%16.3%$8.0B$0MM$8.0B11.6%$5.7B196.5%$4.1B$23.6220.2
2030.Q1$15.9B+15.4%65.4%16.8%$8.7B$0MM$8.7B11.2%$5.6B212.8%$4.1B$25.5718.7
2031.Q1$18.1B+13.6%61.5%17.4%$9.2B$0MM$9.2B10.8%$5.3B225.8%$4.1B$27.1317.6
Term. Yr+$27.5B4.1%42.0%20.0%$9.2B−$1.6B$7.6B8.6%$61.7B23.6%
Active scenario IV: $325 (-32.0% vs market)