DAL · Delta Air Lines, Inc.

$66.762026-05-17

Sector: Industrials; Industry: Airlines, Airports & Air Services; Sub-Industry: Passenger Airlines

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$42

-37.4% vs market

Base · active

$29

-56.1% vs market

Bear

$33

-50.4% vs market

Mulya.ai vs Analyst IV Comparison?

Base $29

Bear $33

Bull $42

Market $67

Median $81

Market Price $67

Mulya.ai Base $29

Analysts Median $81

Mulya.ai IV range ($33 · $42)

Analysts Range ($72 · $88)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2021.Q4	$29.9B	—	6.7%	29.9%	$1.4B	−$2.0B	−$582MM	9.5%	—	6.4%	$21.9B	$0.43	—
2022.Q4	$50.6B	69.2%	7.7%	31.1%	$2.7B	−$6.5B	−$3.8B	9.5%	—	11.0%	$27.2B	$2.01	—
2023.Q4	$58.0B	14.8%	10.1%	17.8%	$4.8B	−$8.1B	−$3.2B	9.4%	—	16.1%	$33.1B	$7.03	—
2024.Q4	$61.6B	6.2%	10.4%	25.8%	$4.7B	−$8.1B	−$3.4B	9.8%	—	14.0%	$34.7B	$5.27	—
2025.Q4	$63.4B	2.8%	9.8%	19.0%	$5.0B	−$7.4B	−$2.4B	10.1%	—	13.9%	$37.5B	$7.63	7.1
italics below = DCF projection · 10yr Rev CAGR: 4.1%
2026.Q4	$62.9B	+-0.7%	10.5%	19.1%	$5.3B	$0MM	$5.3B	9.5%	$4.9B	14.2%	$37.5B	$7.13	9.4
2027.Q4	$66.0B	+4.9%	9.7%	19.2%	$5.2B	−$570MM	$4.6B	9.4%	$3.9B	13.7%	$38.1B	$7.01	9.5
2028.Q4	$69.1B	+4.7%	9.0%	19.3%	$5.0B	−$872MM	$4.1B	9.3%	$3.2B	13.0%	$39.0B	$6.85	9.7
2029.Q4	$72.9B	+5.5%	8.3%	19.4%	$4.9B	−$8.4B	−$3.5B	9.2%	−$2.4B	11.3%	$47.3B	$6.72	9.9
2030.Q4	$76.4B	+4.8%	6.8%	19.5%	$4.2B	−$6.1B	−$1.9B	9.2%	−$1.2B	8.3%	$53.4B	$5.98	11.2

Term. Yr+	$98.6B	4.1%	6.8%	20.0%	$5.4B	−$2.6B	$2.8B	8.6%	$26.1B	8.6%	—	—	—

Active scenario IV: $29 (-56.1% vs market)