LULU · Lululemon Athletica Inc.

$155.722026-05-17

Sector: Consumer Cyclical; Industry: Apparel - Retail; Sub-Industry: Apparel, Accessories & Luxury Goods

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$271

+73.7% vs market

Base · active

$244

+56.4% vs market

Bear

$237

+51.9% vs market

Mulya.ai vs Analyst IV Comparison?

Market $156

Median $208

Bear $237

Base $244

Bull $271

Market Price $156

Mulya.ai Base $244

Analysts Median $208

Mulya.ai IV range ($237 · $271)

Analysts Range ($146 · $250)

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	$6.3B	—	22.2%	26.9%	$1.0B	−$833MM	$184MM	7.5%	—	41.3%	$2.5B	$8.19	—
2022.Q4	$8.1B	29.6%	17.1%	35.9%	$889MM	−$1.7B	−$844MM	8.5%	—	32.6%	$3.0B	$7.18	—
2023.Q4	$9.6B	18.6%	23.1%	28.8%	$1.6B	−$1.3B	$245MM	8.2%	—	48.8%	$3.5B	$13.02	—
2024.Q4	$10.6B	10.1%	24.7%	29.6%	$1.8B	−$1.8B	$35MM	8.9%	—	48.4%	$4.1B	$15.24	—
2025.Q4	$11.1B	4.9%	20.7%	29.5%	$1.6B	−$1.9B	−$282MM	8.9%	—	36.5%	$4.8B	$13.26	8.1
italics below = DCF projection · 10yr Rev CAGR: 4.3%
2026.Q4	$11.0B	+-0.6%	21.9%	28.5%	$1.7B	$0MM	$1.7B	8.2%	$1.6B	36.2%	$4.8B	$13.89	11.2
2027.Q4	$11.5B	+3.9%	21.9%	27.6%	$1.8B	−$92MM	$1.7B	8.2%	$1.5B	37.8%	$4.9B	$14.63	10.6
2028.Q4	$12.0B	+4.5%	21.9%	26.6%	$1.9B	−$148MM	$1.8B	8.3%	$1.4B	39.1%	$5.0B	$15.50	10.0
2029.Q4	$12.6B	+5.3%	21.9%	25.7%	$2.1B	−$835MM	$1.2B	8.3%	$887MM	37.9%	$5.8B	$16.52	9.4
2030.Q4	$13.4B	+5.9%	21.9%	24.7%	$2.2B	−$783MM	$1.4B	8.3%	$953MM	35.3%	$6.6B	$17.72	8.8

Term. Yr+	$17.6B	4.1%	15.4%	20.0%	$2.2B	−$376MM	$1.8B	8.6%	$17.8B	23.6%	—	—	—

Active scenario IV: $244 (+56.4% vs market)