IRM · Iron Mountain Incorporated

$132.442026-07-21

Sector: Real Estate; Industry: REIT - Specialty; Sub-Industry: Other Specialized REITs

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$0

-102.5% vs market

Base · active

$0

-108.5% vs market

Bear

$0

-113.2% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $-17

Base $-11

Bull $-3

Median $130

Market $132

Market Price $132

Mulya.ai Base $-11

Analysts Median $130

Mulya.ai IV range ($-17 · $-3)

Analysts Range ($127 · $140)

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
2024.Q1	$5.5B	—	19.9%	16.7%	$907MM	−$2.6B	−$1.7B	10.1%	—	6.4%	$14.3B	$0.62	—
2024.Q4	$5.5B	0.0%	19.9%	24.9%	$818MM	−$2.9B	−$2.1B	9.7%	—	5.6%	$15.1B	$0.62	—
2025.Q1	$6.2B	12.2%	19.4%	32.5%	$805MM	−$3.2B	−$2.4B	10.6%	—	5.2%	$16.0B	$0.60	—
2025.Q4	$6.2B	0.0%	19.4%	27.9%	$860MM	−$3.4B	−$2.5B	9.6%	—	5.1%	$17.5B	$0.60	—
2026.Q1	$7.2B	17.8%	21.3%	20.0%	$1.2B	−$3.8B	−$2.6B	10.6%	—	7.0%	$17.5B	$0.91	25.7
italics below = DCF projection · 10yr Rev CAGR: 6.4%
2027.Q1	$8.1B	+12.0%	24.2%	20.0%	$1.6B	−$3.6B	−$2.0B	10.2%	−$1.8B	8.1%	$21.1B	$4.45	29.8
2028.Q1	$8.8B	+8.4%	24.1%	20.0%	$1.7B	−$2.3B	−$587MM	10.0%	−$484MM	7.6%	$23.4B	$4.80	27.6
2029.Q1	$9.5B	+8.0%	24.1%	20.0%	$1.8B	−$2.0B	−$145MM	9.8%	−$109MM	7.5%	$25.4B	$5.19	25.5
2030.Q1	$10.1B	+6.3%	24.1%	20.0%	$1.9B	−$2.3B	−$345MM	9.7%	−$236MM	7.3%	$27.6B	$5.51	24.0
2031.Q1	$10.7B	+5.9%	24.1%	20.0%	$2.1B	−$2.2B	−$181MM	9.5%	−$113MM	7.2%	$29.9B	$5.84	22.7

Term. Yr+	$14.1B	4.1%	31.1%	20.0%	$3.5B	−$1.7B	$1.8B	8.6%	$16.5B	8.6%	—	—	—

Active scenario IV: $0 (-108.5% vs market)