AXON · Axon Enterprise, Inc.

$412.812026-05-17

Sector: Industrials; Industry: Aerospace & Defense; Sub-Industry: Aerospace & Defense

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)

Bull

$63551

+15294.8% vs market

Base · active

$46286

+11112.4% vs market

Bear

$22007

+5230.9% vs market

Mulya.ai vs Analyst IV Comparison?

Median $739

Market $413

Bear $22007

Base $46286

Bull $63551

Market Price $413

Mulya.ai Base $46286

Analysts Median $739

Mulya.ai IV range ($22007 · $63551)

Analysts Range ($690 · $820)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2021.Q4	$863MM	—	-19.3%	45.0%	−$92MM	−$245MM	−$336MM	10.6%	—	-9.3%	$988MM	$-0.60	—
2022.Q4	$1.2B	37.8%	3389.8%	25.1%	$30.2B	−$168MM	$30.0B	10.9%	—	2498.1%	$1.4B	$1.47	—
2023.Q4	$1.6B	31.2%	4419.2%	0.0%	$77.2B	−$382MM	$76.8B	10.4%	—	5147.0%	$1.6B	$1.76	—
2024.Q4	$2.1B	33.4%	1215.9%	1.2%	$25.0B	−$858MM	$24.2B	11.1%	—	973.1%	$3.6B	$3.77	—
2025.Q4	$2.8B	33.5%	16.2%	0.0%	$624MM	−$1.1B	−$507MM	11.4%	—	14.9%	$4.8B	$1.25	91.6
italics below = DCF projection · 10yr Rev CAGR: 14.3%
2026.Q4	$3.6B	+29.1%	7014.1%	2.0%	$246.7B	−$1.1B	$245.6B	10.0%	$223.3B	4618.9%	$5.9B	$0.01	41281.0
2027.Q4	$4.6B	+29.3%	6434.0%	4.0%	$286.7B	−$1.5B	$285.2B	9.8%	$236.0B	4313.7%	$7.4B	$0.86	480.0
2028.Q4	$6.0B	+29.5%	5853.9%	6.0%	$330.7B	−$2.2B	$328.5B	9.7%	$247.9B	3896.5%	$9.6B	$2.16	191.1
2029.Q4	$6.9B	+15.6%	5273.8%	8.0%	$337.1B	−$1.2B	$335.9B	9.6%	$231.3B	3316.8%	$10.8B	$3.66	112.8
2030.Q4	$7.7B	+10.4%	4113.6%	10.0%	$284.0B	−$934MM	$283.0B	9.4%	$178.1B	2528.2%	$11.7B	$6.57	62.8

Term. Yr+	$11.0B	4.1%	4113.6%	20.0%	$361.7B	−$62.8B	$298.9B	8.6%	$2714.7B	23.6%	—	—	—

Active scenario IV: $46286 (+11112.4% vs market)