Mulya.ai
Ticker
INCY
Scenario
Key Inputs
Revenue est.?Analysttaper yr4
OP margin est.?Analyst
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?7.2%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.697
Beta (levered) ?0.698
Terminal OM% ?38.4%
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 · 2026-05-17

INCY · Incyte Corporation

$95.932026-05-17
Sector: Healthcare; Industry: Biotechnology; Sub-Industry: Biotechnology

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$253
+163.6% vs market
Base · active
$180
+87.3% vs market
Bear
$173
+80.7% vs market
Mulya.ai vs Analyst IV Comparison?
Market $96
Median $109
Bear $173
Base $180
Bull $253
Market Price $96
Mulya.ai Base $180
Analysts Median $109
Mulya.ai IV range ($173 · $253)
Analysts Range ($84 · $135)
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$3.0B29.7%0.0%$1.5B−$291MM$1.2B6.6%25.3%$5.8B$4.63
2022.Q4$3.4B13.7%24.5%35.6%$536MM−$151MM$386MM7.8%9.1%$5.9B$1.66
2023.Q4$3.7B8.9%24.5%28.4%$649MM−$611MM$38MM7.6%10.5%$6.4B$2.92
2024.Q4$4.2B14.8%2.6%45.0%$61MM−$566MM−$505MM8.2%0.8%$9.1B$0.16
2025.Q4$5.1B21.2%36.6%22.7%$1.5B−$1.0B$426MM8.1%17.4%$7.6B$6.2810.4
italics below = DCF projection · 10yr Rev CAGR: 5.4%
2026.Q4$5.6B+8.4%37.5%22.4%$1.6B−$656MM$964MM7.3%$898MM20.5%$8.2B$5.6916.9
2027.Q4$6.2B+11.5%44.3%22.2%$2.1B−$1.0B$1.1B7.5%$984MM24.5%$9.2B$7.5312.7
2028.Q4$6.5B+4.4%36.6%21.9%$1.9B−$447MM$1.4B7.6%$1.1B19.6%$9.7B$6.5114.7
2029.Q4$6.8B+4.4%22.1%21.6%$1.2B−$479MM$694MM7.7%$519MM11.8%$10.2B$4.1223.3
2030.Q4$7.1B+4.3%22.1%21.4%$1.2B−$513MM$715MM7.8%$495MM11.8%$10.7B$4.3122.3
Term. Yr+$9.0B4.1%38.4%20.0%$2.8B−$867MM$1.9B8.6%$19.7B13.1%
Active scenario IV: $180 (+87.3% vs market)