Mulya.ai
Ticker
CBOE
Scenario
Key Inputs
Revenue est.?Analysttaper yr4
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?7.6%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.797
Beta (levered) ?0.826
Terminal OM% ?34.1%
Segment conc. ?76% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

CBOE · Cboe Global Markets, Inc.

$289.992026-05-17
Sector: Financial Services; Industry: Financial - Data & Stock Exchanges; Sub-Industry: Financial Exchanges & Data

Intrinsic Value Range Comparison · Mulya.ai

Bull
$404
+39.2% vs market
Base · active
$147
-49.2% vs market
Bear
$142
-51.1% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $142
Base $147
Market $290
Median $295
Bull $404
Market Price $290
Mulya.ai Base $147
Analysts Median $295
Mulya.ai IV range ($142 · $404)
Analysts Range ($240 · $317)
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$3.5B23.1%30.0%$564MM−$149MM$415MM3.7%12.5%$4.5B$5.04
2022.Q4$4.0B13.3%12.4%45.0%$269MM−$468MM−$199MM5.5%5.8%$4.7B$2.24
2023.Q4$3.8B-4.7%28.0%27.3%$769MM$6MM$775MM5.4%16.1%$4.8B$7.25
2024.Q4$4.1B8.5%26.8%29.4%$775MM$97MM$872MM6.1%16.2%$4.7B$7.28
2025.Q4$4.7B15.1%31.7%29.8%$1.0B$52MM$1.1B5.9%22.9%$4.5B$10.4820.4
italics below = DCF projection · 10yr Rev CAGR: -1.6%
2026.Q4$2.6B+-44.9%31.6%28.8%$585MM$0MM$586MM7.7%$543MM13.2%$4.5B$5.5852.0
2027.Q4$2.7B+4.8%32.1%27.8%$632MM−$3MM$629MM7.8%$541MM14.2%$4.5B$6.0248.2
2028.Q4$2.9B+5.6%32.6%26.9%$687MM−$8MM$679MM7.9%$542MM15.4%$4.5B$6.5444.3
2029.Q4$3.0B+5.4%33.1%25.9%$745MM−$11MM$733MM8.0%$542MM16.7%$4.5B$7.0940.9
2030.Q4$3.2B+5.4%34.1%24.9%$819MM−$14MM$805MM8.1%$550MM18.3%$4.5B$7.8037.2
Term. Yr+$4.2B4.1%34.1%20.0%$1.1B−$197MM$936MM8.6%$9.5B23.6%
Active scenario IV: $147 (-49.2% vs market)