Mulya.ai
Ticker
INCY
Scenario
Key Inputs
Revenue est.?Analysttaper yr3
OP margin est.?Analyst
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?7.6%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.790
Beta (levered) ?0.790
Terminal OM% ?34.4%
Segment conc. ?71% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 2 · 13.1%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

INCY · Incyte Corporation

$113.752026-07-21
Sector: Healthcare; Industry: Biotechnology; Sub-Industry: Biotechnology

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$233
+105.0% vs market
Base · active
$180
+57.8% vs market
Bear
$169
+48.2% vs market
Mulya.ai vs Analyst IV Comparison?
Median $107
Market $114
Bear $169
Base $180
Bull $233
Market Price $114
Mulya.ai Base $180
Analysts Median $107
Mulya.ai IV range ($169 · $233)
Analysts Range ($90 · $140)
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$3.7B22.1%26.8%$598MM−$170MM$428MM7.6%8.7%$6.9B$2.89
2024.Q4$3.7B0.0%22.1%45.0%$449MM−$156MM$293MM8.2%6.7%$6.6B$2.89
2025.Q1$4.2B14.8%3.0%45.0%$69MM−$405MM−$336MM8.0%0.8%$9.8B$0.16
2025.Q4$4.2B0.0%3.0%22.7%$98MM−$946MM−$848MM8.1%1.0%$10.1B$0.16
2026.Q1$5.4B26.4%33.7%19.3%$1.5B−$962MM$496MM7.8%15.9%$8.2B$6.9213.0
italics below = DCF projection · 10yr Rev CAGR: 6.5%
2027.Q1$5.8B+7.6%33.6%19.4%$1.6B−$645MM$917MM7.7%$851MM18.3%$8.9B$6.0618.8
2028.Q1$6.3B+8.8%36.2%19.4%$1.8B−$833MM$997MM7.8%$859MM19.7%$9.7B$7.1016.0
2029.Q1$6.8B+8.2%34.5%19.5%$1.9B−$877MM$1.0B7.9%$802MM18.6%$10.6B$7.3115.6
2030.Q1$7.3B+7.6%22.7%19.6%$1.3B−$916MM$419MM8.0%$310MM12.1%$11.5B$5.1822.0
2031.Q1$7.8B+7.0%22.7%19.6%$1.4B−$947MM$481MM8.1%$329MM11.9%$12.4B$5.5420.5
Term. Yr+$10.5B4.1%34.4%20.0%$2.9B−$906MM$2.0B8.6%$20.2B13.1%
Active scenario IV: $180 (+57.8% vs market)