Mulya.ai
Ticker
CAT
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 ?10.1%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.355
Beta (levered) ?1.488
Terminal OM% ?17.2%
Segment conc. ?67% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.72%
ROIC option ?Opt 4 · 20.4%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

CAT · Caterpillar Inc.

$717.222026-05-17
Sector: Industrials; Industry: Agricultural - Machinery; Sub-Industry: Construction Machinery & Heavy Transportation Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$442
-38.4% vs market
Base · active
$379
-47.2% vs market
Bear
$253
-64.7% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $253
Base $379
Bull $442
Median $704
Market $717
Market Price $717
Mulya.ai Base $379
Analysts Median $704
Mulya.ai IV range ($253 · $442)
Analysts Range ($425 · $825)
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$51.0B14.2%21.2%$5.7B−$1.2B$4.5B10.5%11.5%$49.8B$13.84
2022.Q4$59.4B16.6%14.0%23.6%$6.4B−$2.7B$3.7B10.7%12.6%$51.2B$14.30
2023.Q4$67.1B12.8%20.4%21.2%$10.8B−$1.4B$9.4B10.3%20.0%$56.5B$22.04
2024.Q4$64.8B-3.4%21.3%19.6%$11.1B−$2.6B$8.5B10.9%19.5%$57.2B$23.01
2025.Q4$67.6B4.3%17.5%23.9%$9.0B−$153MM$8.8B11.1%15.2%$60.8B$18.9228.5
italics below = DCF projection · 10yr Rev CAGR: 7%
2026.Q4$73.8B+9.3%18.4%23.5%$10.4B−$2.4B$8.0B9.9%$7.3B16.8%$63.2B$19.9635.9
2027.Q4$80.5B+9.1%18.2%23.1%$11.3B−$3.1B$8.1B9.8%$6.7B17.4%$66.3B$21.8132.9
2028.Q4$87.6B+8.8%17.9%22.8%$12.1B−$4.4B$7.7B9.7%$5.8B17.7%$70.7B$23.7830.2
2029.Q4$94.8B+8.2%17.7%22.4%$13.0B−$2.1B$10.9B9.6%$7.5B18.1%$72.9B$25.7727.8
2030.Q4$101.9B+7.5%17.2%22.0%$13.7B−$2.4B$11.3B9.4%$7.1B18.5%$75.2B$27.6625.9
Term. Yr+$138.2B4.1%17.2%20.0%$19.0B−$3.8B$15.2B8.6%$138.2B20.4%
Active scenario IV: $379 (-47.2% vs market)