Mulya.ai
Ticker
BIIB
Scenario
Key Inputs
Revenue est.?Analysttaper yr4
OP margin est.?Analyst
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?5.8%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.350
Beta (levered) ?0.432
Terminal OM% ?27.6%
Segment conc. ?42% dominant
Terminal growth ?4.1%
Bond rating ?AA · 0.90%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

BIIB · Biogen Inc.

$177.342026-05-17
Sector: Healthcare; Industry: Drug Manufacturers - General; Sub-Industry: Biotechnology

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$189
+6.9% vs market
Base · active
$197
+11.2% vs market
Bear
$197
+11.2% vs market
Mulya.ai vs Analyst IV Comparison?
Market $177
Bull $189
Base $197
Bear $197
Median $201
Market Price $177
Mulya.ai Base $197
Analysts Median $201
Mulya.ai IV range ($197 · $189)
Analysts Range ($143 · $250)
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$11.0B25.4%2.9%$2.7B$568MM$3.3B2.5%10.0%$27.0B$10.61
2022.Q4$10.2B-7.4%28.4%17.6%$2.4B$356MM$2.7B4.6%9.2%$24.5B$20.77
2023.Q4$9.8B-3.3%21.3%10.4%$1.9B−$7.0B−$5.1B4.6%6.8%$30.8B$7.91
2024.Q4$9.7B-1.6%25.7%14.4%$2.1B−$556MM$1.6B5.3%7.0%$29.9B$11.13
2025.Q4$9.8B1.4%19.1%7.7%$1.7B−$61MM$1.7B5.0%5.9%$28.4B$8.8213.9
italics below = DCF projection · 10yr Rev CAGR: 1.7%
2026.Q4$9.4B+-3.9%19.1%8.9%$1.6B$0MM$1.6B6.1%$1.5B5.8%$28.4B$11.1815.9
2027.Q4$9.4B+-0.8%16.8%10.2%$1.4B$0MM$1.4B6.3%$1.2B5.0%$28.4B$9.5918.5
2028.Q4$9.5B+1.3%21.3%11.4%$1.8B−$355MM$1.4B6.6%$1.2B6.3%$28.7B$12.1914.5
2029.Q4$9.6B+1.7%21.5%12.6%$1.8B−$479MM$1.3B6.8%$1.0B6.3%$29.2B$12.3514.4
2030.Q4$9.8B+2.1%21.5%13.9%$1.8B−$612MM$1.2B7.1%$881MM6.2%$29.8B$12.4314.3
Term. Yr+$12.0B4.1%27.6%20.0%$2.7B−$1.3B$1.4B8.6%$15.4B8.6%
Active scenario IV: $197 (+11.2% vs market)