Mulya.ai
Ticker
EPAM
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?10.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.375
Beta (levered) ?1.383
Terminal OM% ?15.3%
Segment conc. ?36% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 22.1%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

EPAM · EPAM Systems, Inc.

$137.992026-05-17
Sector: Technology; Industry: Information Technology Services; Sub-Industry: IT Consulting & Other Services

Intrinsic Value Range Comparison · Mulya.ai

Bull
$307
+122.6% vs market
Base · active
$219
+59.0% vs market
Bear
$209
+51.6% vs market
Mulya.ai vs Analyst IV Comparison?
Market $138
Median $198
Bear $209
Base $219
Bull $307
Market Price $138
Mulya.ai Base $219
Analysts Median $198
Mulya.ai IV range ($209 · $307)
Analysts Range ($146 · $247)
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$3.8B14.4%9.7%$490MM−$416MM$74MM12.0%43.1%$1.1B$8.70
2022.Q4$4.8B28.4%11.9%17.3%$474MM−$182MM$292MM12.0%38.4%$1.3B$7.58
2023.Q4$4.7B-2.8%10.7%22.3%$390MM−$48MM$342MM11.5%28.2%$1.4B$7.54
2024.Q4$4.7B0.8%11.5%22.2%$424MM−$945MM−$521MM12.1%22.0%$2.4B$8.21
2025.Q4$5.5B15.4%9.7%25.3%$397MM−$81MM$316MM12.4%16.4%$2.4B$6.8214.4
italics below = DCF projection · 10yr Rev CAGR: 5.5%
2026.Q4$5.8B+6.4%9.6%24.8%$418MM−$373MM$46MM10.1%$41MM15.9%$2.8B$7.5618.3
2027.Q4$6.2B+7.3%9.7%24.2%$459MM−$379MM$81MM9.9%$67MM15.3%$3.2B$8.3016.6
2028.Q4$6.7B+7.8%9.7%23.7%$498MM−$374MM$124MM9.8%$93MM14.7%$3.6B$9.0115.3
2029.Q4$7.1B+5.8%9.7%23.2%$531MM−$263MM$268MM9.7%$184MM14.3%$3.8B$9.5914.4
2030.Q4$7.5B+5.0%9.7%22.6%$562MM−$216MM$346MM9.5%$217MM14.3%$4.0B$10.1413.6
Term. Yr+$9.7B4.1%15.3%20.0%$1.2B−$219MM$963MM8.6%$8.7B22.1%
Active scenario IV: $219 (+59.0% vs market)