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 ?5.1%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.218
Beta (levered) ?0.244
Terminal OM% ?30.5%
Segment conc. ?89% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 3 · 9.5%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

MRK · Merck & Co., Inc.

$128.382026-07-21
Sector: Healthcare; Industry: Drug Manufacturers - General; Sub-Industry: Pharmaceuticals

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Very High Uncertainty
Bull
$515
+301.1% vs market
Base · active
$122
-5.1% vs market
Bear
$114
-11.2% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $114
Base $122
Market $128
Median $135
Bull $515
Market Price $128
Mulya.ai Base $122
Analysts Median $135
Mulya.ai IV range ($114 · $515)
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
2024.Q1$60.1B4.9%40.7%$1.8B$3.7B$5.4B5.2%0.9%$205.5B$0.15
2024.Q4$60.1B0.0%4.9%14.1%$2.5B$10.1B$12.7B5.7%1.2%$206.5B$0.15
2025.Q1$64.2B6.7%31.5%13.5%$17.5B$3.3B$20.8B5.4%9.7%$154.1B$6.92
2025.Q4$64.2B0.0%31.5%13.3%$17.5B−$5.4B$12.1B5.4%10.9%$167.9B$6.92
2026.Q1$65.6B2.2%27.6%23.2%$13.9B−$9.1B$4.8B5.1%8.9%$145.2B$3.6117.5
italics below = DCF projection · 10yr Rev CAGR: 4.5%
2027.Q1$67.6B+3.0%36.2%22.9%$18.9B−$8.9B$10.0B5.4%$9.4B12.6%$154.2B$7.6416.8
2028.Q1$71.4B+5.7%52.2%22.6%$28.9B−$12.9B$16.0B5.8%$14.3B18.0%$167.0B$11.6711.0
2029.Q1$75.0B+5.0%49.9%22.2%$29.1B−$9.6B$19.5B6.1%$16.5B16.9%$176.6B$11.7710.9
2030.Q1$78.7B+4.9%53.5%21.9%$32.9B−$15.1B$17.7B6.4%$14.1B17.8%$191.8B$13.309.7
2031.Q1$82.4B+4.8%53.5%21.6%$34.6B−$14.9B$19.6B6.7%$14.6B17.4%$206.7B$13.999.2
Term. Yr+$106.3B4.1%30.5%20.0%$25.9B−$11.2B$14.7B8.6%$168.2B9.5%
Active scenario IV: $122 (-5.1% vs market)