Mulya.ai
Ticker
MRK
Scenario
Key Inputs
Revenue est.?Analysttaper yr4
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?5.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.264
Beta (levered) ?0.302
Terminal OM% ?34.6%
Segment conc. ?89% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 3 · 9.9%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

MRK · Merck & Co., Inc.

$120.872026-05-17
Sector: Healthcare; Industry: Drug Manufacturers - General; Sub-Industry: Pharmaceuticals

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$455
+276.3% vs market
Base · active
$151
+25.1% vs market
Bear
$143
+18.3% vs market
Mulya.ai vs Analyst IV Comparison?
Market $121
Median $133
Bear $143
Base $151
Bull $455
Market Price $121
Mulya.ai Base $151
Analysts Median $133
Mulya.ai IV range ($143 · $455)
Analysts Range ($100 · $150)
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$48.7B27.9%11.0%$12.1B−$18.6B−$6.6B3.1%11.2%$107.6B$5.24
2022.Q4$59.3B21.7%31.7%11.7%$16.6B−$4.0B$12.6B5.1%15.1%$112.5B$5.84
2023.Q4$60.1B1.4%5.1%45.0%$1.7B−$14.8B−$13.1B4.9%1.2%$175.7B$0.15
2024.Q4$64.2B6.7%32.4%14.1%$17.9B−$7.5B$10.4B5.7%11.5%$134.6B$6.88
2025.Q4$65.0B1.3%42.3%13.3%$23.9B−$16.0B$7.8B5.4%17.1%$143.8B$7.3410.9
italics below = DCF projection · 10yr Rev CAGR: 5.1%
2026.Q4$66.8B+2.7%42.4%14.0%$24.4B−$12.1B$12.3B5.6%$11.6B16.3%$155.9B$9.5312.7
2027.Q4$70.2B+5.2%61.5%14.7%$36.9B−$14.1B$22.8B5.9%$20.4B22.6%$170.0B$14.438.4
2028.Q4$74.9B+6.7%55.4%15.3%$35.2B−$13.4B$21.7B6.2%$18.3B19.9%$183.4B$13.758.8
2029.Q4$79.7B+6.3%61.2%16.0%$41.0B−$21.7B$19.3B6.5%$15.2B21.1%$205.1B$16.027.5
2030.Q4$84.4B+6.0%61.2%16.7%$43.1B−$20.0B$23.1B6.8%$17.1B20.0%$225.1B$16.847.2
Term. Yr+$111.3B4.1%34.6%20.0%$30.8B−$12.7B$18.1B8.6%$205.1B9.9%
Active scenario IV: $151 (+25.1% vs market)