Mulya.ai
Ticker
NDAQ
Scenario
Key Inputs
Revenue est.?Analysttaper yr5
OP margin est.?hist_ind
Reinvestment est.?avg_lt_ttm
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?8.7%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.035
Beta (levered) ?1.200
Terminal OM% ?38.8%
Segment conc. ?51% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

NDAQ · Nasdaq, Inc.

$86.652026-05-17
Sector: Financial Services; Industry: Financial - Data & Stock Exchanges; Sub-Industry: Financial Exchanges & Data

Intrinsic Value Range Comparison · Mulya.ai

Bull
$65
-25.5% vs market
Base · active
$25
-70.9% vs market
Bear
$24
-72.4% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $24
Base $25
Bull $65
Market $87
Median $115
Market Price $87
Mulya.ai Base $25
Analysts Median $115
Mulya.ai IV range ($24 · $65)
Analysts Range ($108 · $120)
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$5.9B24.5%22.7%$1.1B−$2.8B−$1.7B7.5%9.6%$11.6B$2.06
2022.Q4$6.2B5.8%25.1%23.8%$1.2B$233MM$1.4B8.5%10.6%$10.9B$1.95
2023.Q4$6.1B-2.6%26.0%24.5%$1.2B−$5.6B−$4.4B8.1%7.6%$20.6B$1.84
2024.Q4$7.4B22.0%24.3%23.0%$1.4B$452MM$1.8B8.7%6.8%$19.9B$1.94
2025.Q4$8.2B11.1%28.4%16.6%$1.9B$370MM$2.3B8.8%9.5%$20.9B$3.1021.4
italics below = DCF projection · 10yr Rev CAGR: 1.3%
2026.Q4$5.7B+-30.5%28.4%16.9%$1.3B$0MM$1.3B8.7%$1.2B6.5%$20.9B$2.3337.2
2027.Q4$6.2B+8.2%30.4%17.3%$1.6B−$1.2B$351MM8.7%$297MM7.3%$22.1B$2.7032.1
2028.Q4$6.7B+8.0%32.5%17.6%$1.8B−$1.3B$511MM8.7%$398MM7.9%$23.3B$3.1028.0
2029.Q4$7.1B+5.9%34.6%18.0%$2.0B−$1.0B$980MM8.7%$702MM8.4%$24.4B$3.4824.9
2030.Q4$7.5B+5.6%38.8%18.3%$2.4B−$1.0B$1.3B8.7%$875MM9.5%$25.4B$4.1121.1
Term. Yr+$9.8B4.1%38.8%20.0%$3.0B−$1.4B$1.6B8.6%$15.4B8.6%
Active scenario IV: $25 (-70.9% vs market)