Mulya.ai
Ticker
JNJ
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?5.6%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.326
Beta (levered) ?0.348
Terminal OM% ?29.9%
Segment conc. ?64% 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

JNJ · Johnson & Johnson

$243.042026-05-17
Sector: Healthcare; Industry: Drug Manufacturers - General; Sub-Industry: Pharmaceuticals

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$402
+65.4% vs market
Base · active
$184
-24.4% vs market
Bear
$166
-31.5% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $166
Base $184
Median $220
Market $243
Bull $402
Market Price $243
Mulya.ai Base $184
Analysts Median $220
Mulya.ai IV range ($166 · $402)
Analysts Range ($190 · $265)
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$78.7B29.2%8.3%$21.1B−$3.0B$18.1B3.4%17.4%$121.0B$8.56
2022.Q4$80.0B1.6%28.9%15.6%$19.5B−$21.1B−$1.6B5.4%15.0%$138.5B$7.36
2023.Q4$85.2B6.5%30.2%11.5%$22.7B$3.2B$26.0B5.3%17.4%$122.5B$14.41
2024.Q4$88.8B4.3%27.4%15.7%$20.5B−$14.6B$5.9B5.1%15.8%$137.7B$5.77
2025.Q4$94.2B6.0%29.8%17.7%$23.1B−$30.1B−$7.0B5.6%15.8%$155.4B$10.9921.1
italics below = DCF projection · 10yr Rev CAGR: 5.6%
2026.Q4$100.6B+6.8%30.0%18.0%$24.8B−$18.5B$6.3B5.9%$6.0B15.0%$173.8B$9.2426.3
2027.Q4$106.7B+6.0%30.5%18.2%$26.6B−$14.0B$12.7B6.1%$11.3B14.7%$187.8B$9.9424.5
2028.Q4$113.2B+6.1%30.9%18.4%$28.6B−$12.4B$16.2B6.4%$13.5B14.7%$200.2B$10.6722.8
2029.Q4$119.9B+6.0%32.8%18.6%$32.0B−$16.9B$15.1B6.7%$11.8B15.3%$217.2B$11.9320.4
2030.Q4$127.4B+6.2%32.8%18.9%$33.9B−$18.0B$15.9B7.0%$11.6B15.0%$235.2B$12.6419.2
Term. Yr+$168.9B4.1%29.9%20.0%$40.4B−$12.6B$27.7B8.6%$310.5B13.1%
Active scenario IV: $184 (-24.4% vs market)