Mulya.ai
Ticker
CAT
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?10.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.391
Beta (levered) ?1.491
Terminal OM% ?17.0%
Segment conc. ?67% dominant
Terminal growth ?4.1%
Bond rating ?AA · 0.90%
ROIC option ?Opt 4 · 21.6%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

CAT · Caterpillar Inc.

$997.472026-07-21
Sector: Industrials; Industry: Agricultural - Machinery; Sub-Industry: Construction Machinery & Heavy Transportation Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$436
-56.3% vs market
Base · active
$376
-62.3% vs market
Bear
$257
-74.3% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $257
Base $376
Bull $436
Median $845
Market $997
Market Price $997
Mulya.ai Base $376
Analysts Median $845
Mulya.ai IV range ($257 · $436)
Analysts Range ($658 · $1165)
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$67.1B20.1%19.7%$10.8B−$679MM$10.1B10.9%19.1%$56.8B$22.19
2024.Q4$67.1B0.0%20.1%19.6%$10.8B−$2.4B$8.4B10.9%19.0%$57.4B$22.19
2025.Q1$64.8B-3.4%21.0%20.2%$10.8B−$2.7B$8.1B11.7%18.6%$59.3B$23.17
2025.Q4$64.8B0.0%21.0%23.9%$10.3B−$1MM$10.3B11.1%17.2%$60.9B$23.17
2026.Q1$70.8B9.2%17.2%23.5%$9.3B−$753MM$8.6B11.4%14.9%$64.0B$20.2238.2
italics below = DCF projection · 10yr Rev CAGR: 6.3%
2027.Q1$78.6B+11.1%17.9%23.1%$10.8B−$2.8B$8.0B10.1%$7.3B16.5%$66.8B$21.4946.4
2028.Q1$86.9B+10.5%17.7%22.8%$11.9B−$3.7B$8.2B10.0%$6.8B17.3%$70.5B$23.7742.0
2029.Q1$94.1B+8.3%17.5%22.4%$12.8B−$4.3B$8.5B9.8%$6.4B17.6%$74.8B$25.7938.7
2030.Q1$99.7B+6.0%17.3%22.1%$13.5B−$683MM$12.8B9.7%$8.8B17.9%$75.5B$27.3836.4
2031.Q1$104.8B+5.1%17.0%21.7%$13.9B−$710MM$13.2B9.5%$8.3B18.4%$76.2B$28.7534.7
Term. Yr+$136.1B4.1%17.0%20.0%$18.5B−$3.5B$15.0B8.6%$134.8B21.6%
Active scenario IV: $376 (-62.3% vs market)