IRM · Iron Mountain Incorporated

$103.302026-05-17

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

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$0

-106.6% vs market

Base · active

$0

-114.6% vs market

Bear

$0

-119.4% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $-20

Base $-15

Bull $-7

Market $103

Median $129

Market Price $103

Mulya.ai Base $-15

Analysts Median $129

Mulya.ai IV range ($-20 · $-7)

Analysts Range ($127 · $130)

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	$4.5B	—	22.2%	28.0%	$716MM	−$1.6B	−$884MM	8.2%	—	6.2%	$11.6B	$1.51	—
2022.Q4	$5.1B	13.6%	24.0%	11.0%	$1.1B	−$3.1B	−$2.0B	9.4%	—	8.8%	$13.2B	$1.87	—
2023.Q4	$5.5B	7.4%	19.6%	17.6%	$885MM	−$2.2B	−$1.4B	9.2%	—	6.6%	$13.8B	$0.62	—
2024.Q4	$6.2B	12.2%	19.1%	24.9%	$884MM	−$2.9B	−$2.0B	9.7%	—	6.1%	$15.1B	$0.60	—
2025.Q4	$6.9B	12.2%	19.6%	27.9%	$978MM	−$3.5B	−$2.5B	9.6%	—	6.0%	$17.6B	$0.48	22.7
italics below = DCF projection · 10yr Rev CAGR: 7.4%
2026.Q4	$7.7B	+12.2%	23.9%	27.1%	$1.3B	−$3.4B	−$2.0B	9.9%	−$1.9B	7.0%	$21.0B	$3.87	26.7
2027.Q4	$8.4B	+9.0%	24.6%	26.3%	$1.5B	−$2.4B	−$817MM	9.8%	−$676MM	6.9%	$23.4B	$4.41	23.4
2028.Q4	$9.1B	+7.4%	24.6%	25.5%	$1.7B	−$1.8B	−$149MM	9.7%	−$112MM	6.8%	$25.2B	$4.78	21.6
2029.Q4	$9.9B	+9.0%	24.6%	24.7%	$1.8B	−$3.0B	−$1.1B	9.5%	−$789MM	6.9%	$28.2B	$5.27	19.6
2030.Q4	$10.7B	+8.2%	24.6%	23.9%	$2.0B	−$2.9B	−$890MM	9.4%	−$561MM	6.8%	$31.1B	$5.77	17.9

Term. Yr+	$14.7B	4.1%	30.6%	20.0%	$3.6B	−$1.7B	$1.9B	8.6%	$17.2B	8.6%	—	—	—

Active scenario IV: $0 (-114.6% vs market)