Mulya.ai
Ticker
NOW
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?8.7%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.019
Beta (levered) ?1.037
Terminal OM% ?31.3%
Segment conc. ?97% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 20.9%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

NOW · ServiceNow, Inc.

$102.002026-05-17
Sector: Technology; Industry: Software - Application; Sub-Industry: Systems Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$126
+23.8% vs market
Base · active
$125
+22.2% vs market
Bear
$78
-23.6% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $78
Market $102
Base $125
Bull $126
Median $195
Market Price $102
Mulya.ai Base $125
Analysts Median $195
Mulya.ai IV range ($78 · $126)
Analysts Range ($115 · $263)
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$5.9B7.7%7.6%$419MM−$1.3B−$893MM7.6%7.7%$5.5B$0.22
2022.Q4$7.2B22.9%8.6%18.5%$510MM−$866MM−$356MM8.5%8.4%$6.7B$0.31
2023.Q4$9.0B23.8%15.0%0.0%$2.3B−$1.5B$796MM8.3%28.5%$9.5B$1.65
2024.Q4$11.0B22.4%21.9%18.0%$2.0B−$1.7B$280MM8.9%18.6%$11.7B$1.36
2025.Q4$13.3B20.9%24.2%22.7%$2.5B−$2.6B−$91MM8.9%17.8%$16.3B$1.6733.2
italics below = DCF projection · 10yr Rev CAGR: 13.3%
2026.Q4$16.0B+20.4%42.8%22.4%$5.3B−$3.3B$2.0B8.7%$1.8B29.4%$19.7B$1.6362.6
2027.Q4$18.9B+18.5%40.5%22.1%$6.0B−$3.6B$2.3B8.7%$2.0B27.8%$23.3B$2.0549.8
2028.Q4$22.6B+19.1%38.2%21.9%$6.7B−$4.4B$2.3B8.6%$1.8B26.4%$27.7B$2.5839.5
2029.Q4$26.0B+15.4%35.9%21.6%$7.3B−$4.2B$3.1B8.6%$2.2B24.5%$32.0B$3.1432.5
2030.Q4$30.3B+16.3%31.3%21.3%$7.4B−$5.2B$2.3B8.6%$1.5B21.6%$37.1B$4.0325.3
Term. Yr+$48.3B4.1%31.3%20.0%$12.1B−$2.4B$9.7B8.6%$94.3B20.9%
Active scenario IV: $125 (+22.2% vs market)