Mulya.ai
Ticker
NDAQ
Scenario
Key Inputs
Revenue est.?Analysttaper yr5
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?8.4%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.974
Beta (levered) ?1.135
Terminal OM% ?38.8%
Segment conc. ?51% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 2 · 13.1%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

NDAQ · Nasdaq, Inc.

$78.562026-07-21
Sector: Financial Services; Industry: Financial - Data & Stock Exchanges; Sub-Industry: Financial Exchanges & Data

Intrinsic Value Range Comparison · Mulya.ai

Bull
$103
+30.6% vs market
Base · active
$45
-42.9% vs market
Bear
$42
-46.1% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $42
Base $45
Market $79
Bull $103
Median $114
Market Price $79
Mulya.ai Base $45
Analysts Median $114
Mulya.ai IV range ($42 · $103)
Analysts Range ($109 · $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
2024.Q1$6.1B26.0%24.9%$1.2B−$5.5B−$4.3B8.2%5.9%$20.2B$1.85
2024.Q4$6.1B0.0%26.0%23.0%$1.2B$452MM$1.7B8.7%6.1%$19.9B$1.85
2025.Q1$7.4B22.0%24.3%21.4%$1.4B$462MM$1.9B8.6%7.4%$18.3B$1.95
2025.Q4$7.4B0.0%24.3%16.6%$1.5B$370MM$1.9B8.8%7.7%$20.9B$1.95
2026.Q1$8.3B11.7%29.5%18.0%$2.0B$210MM$2.2B8.5%9.7%$20.2B$3.3518.4
italics below = DCF projection · 10yr Rev CAGR: 1.4%
2027.Q1$6.0B+-27.8%29.5%18.2%$1.4B$0MM$1.4B8.4%$1.3B7.1%$20.2B$2.5231.2
2028.Q1$6.5B+8.3%31.4%18.4%$1.7B−$152MM$1.5B8.5%$1.3B8.2%$20.4B$2.8927.2
2029.Q1$7.0B+7.8%33.2%18.6%$1.9B−$172MM$1.7B8.5%$1.3B9.2%$20.6B$3.3023.8
2030.Q1$7.3B+5.0%35.1%18.8%$2.1B−$133MM$2.0B8.5%$1.4B10.1%$20.7B$3.6421.6
2031.Q1$7.7B+4.8%38.8%19.0%$2.4B−$155MM$2.3B8.5%$1.5B11.6%$20.9B$4.2118.7
Term. Yr+$9.9B4.1%38.8%20.0%$3.1B−$961MM$2.1B8.6%$20.7B13.1%
Active scenario IV: $45 (-42.9% vs market)