Mulya.ai
Ticker
TTD
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredYes
Key Assumptions
WACC ?9.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.190
Beta (levered) ?1.196
Terminal OM% ?31.1%
Segment conc. ?diversified
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

TTD · The Trade Desk, Inc.

$22.052026-05-17
Sector: Technology; Industry: Software - Application; Sub-Industry: Advertising

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr) · Leases factored
Bull
$50
+127.7% vs market
Base · active
$43
+95.1% vs market
Bear
$35
+56.7% vs market
Mulya.ai vs Analyst IV Comparison?
Market $22
Bear $35
Median $40
Base $43
Bull $50
Market Price $22
Mulya.ai Base $43
Analysts Median $40
Mulya.ai IV range ($35 · $50)
Analysts Range ($22 · $80)
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$1.2B15.1%0.0%$204MM−$358MM−$154MM8.6%16.3%$1.2B$0.29
2022.Q4$1.6B31.9%10.4%45.0%$90MM−$339MM−$248MM9.3%6.4%$1.6B$0.11
2023.Q4$1.9B23.3%14.9%33.2%$194MM−$393MM−$199MM9.0%10.9%$2.0B$0.37
2024.Q4$2.4B25.6%25.3%22.5%$479MM−$669MM−$190MM9.6%21.5%$2.5B$0.81
2025.Q4$2.9B18.5%29.4%32.7%$574MM−$924MM−$350MM9.7%21.4%$2.9B$0.9212.5
italics below = DCF projection · 10yr Rev CAGR: 8.7%
2026.Q4$3.3B+12.9%42.6%31.4%$955MM−$379MM$576MM9.2%$527MM31.0%$3.3B$0.9423.5
2027.Q4$3.7B+12.5%40.3%30.2%$1.0B−$424MM$611MM9.2%$512MM29.8%$3.7B$1.0920.2
2028.Q4$4.0B+9.1%38.0%28.9%$1.1B−$354MM$730MM9.1%$561MM28.0%$4.0B$1.2317.9
2029.Q4$4.5B+11.0%35.7%27.6%$1.2B−$477MM$673MM9.0%$474MM26.9%$4.5B$1.4015.8
2030.Q4$4.9B+10.0%31.1%26.4%$1.1B−$493MM$628MM9.0%$406MM23.5%$5.0B$1.6013.8
Term. Yr+$7.0B4.1%31.1%20.0%$1.7B−$301MM$1.4B8.6%$13.5B23.6%
Active scenario IV: $43 (+95.1% vs market)