Mulya.ai
Ticker
CMI
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.6%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.240
Beta (levered) ?1.316
Terminal OM% ?15.0%
Segment conc. ?37% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.72%
ROIC option ?Opt 4 · 22.1%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

CMI · Cummins Inc.

$685.872026-07-21
Sector: Industrials; Industry: Industrial - Machinery; Sub-Industry: Construction Machinery & Heavy Transportation Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$649
-5.4% vs market
Base · active
$581
-15.3% vs market
Bear
$371
-45.8% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $371
Base $581
Bull $649
Market $686
Median $760
Market Price $686
Mulya.ai Base $581
Analysts Median $760
Mulya.ai IV range ($371 · $649)
Analysts Range ($540 · $874)
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$34.1B5.5%26.8%$1.4B$1.6B$2.9B9.3%7.7%$17.6B$5.30
2024.Q4$34.1B0.0%5.5%17.0%$1.5B−$2.8B−$1.3B9.3%8.2%$19.9B$5.30
2025.Q1$34.1B0.1%11.6%23.9%$3.0B−$3.3B−$271MM9.9%14.8%$20.8B$28.43
2025.Q4$34.1B0.0%11.6%25.4%$3.0B−$985MM$2.0B9.3%14.1%$21.0B$28.43
2026.Q1$33.9B-0.6%11.9%26.3%$3.0B−$559MM$2.4B9.7%14.0%$21.3B$19.2623.7
italics below = DCF projection · 10yr Rev CAGR: 5.6%
2027.Q1$37.8B+11.6%12.5%25.6%$3.5B−$1.3B$2.2B9.5%$2.0B16.0%$22.7B$22.7930.1
2028.Q1$41.0B+8.4%13.0%25.0%$4.0B−$1.3B$2.7B9.4%$2.3B17.2%$23.9B$26.2326.1
2029.Q1$43.3B+5.7%13.5%24.4%$4.4B−$1.1B$3.3B9.3%$2.5B18.1%$25.1B$29.3623.4
2030.Q1$45.4B+4.8%14.0%23.8%$4.9B−$791MM$4.1B9.2%$2.8B19.1%$25.9B$32.5221.1
2031.Q1$47.5B+4.5%15.0%23.1%$5.5B−$829MM$4.7B9.1%$3.0B20.8%$26.7B$37.4018.3
Term. Yr+$60.9B4.1%15.0%20.0%$7.3B−$1.4B$6.0B8.6%$55.4B22.1%
Active scenario IV: $581 (-15.3% vs market)