ULTA · Ulta Beauty, Inc.

$488.452026-07-21

Sector: Consumer Cyclical; Industry: Specialty Retail; Sub-Industry: Other Specialty Retail

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$656

+34.4% vs market

Base · active

$594

+21.7% vs market

Bear

$591

+21.0% vs market

Mulya.ai vs Analyst IV Comparison?

Market $488

Bear $591

Base $594

Bull $656

Median $700

Market Price $488

Mulya.ai Base $594

Analysts Median $700

Mulya.ai IV range ($591 · $656)

Analysts Range ($550 · $790)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q1	$11.2B	—	16.3%	24.0%	$1.4B	−$2.8B	−$1.4B	7.8%	—	34.3%	$4.1B	$29.37	—
2024.Q4	$11.2B	0.0%	16.3%	24.0%	$1.4B	−$2.5B	−$1.2B	8.2%	—	34.3%	$4.1B	$29.37	—
2025.Q1	$11.3B	0.8%	15.2%	24.3%	$1.3B	−$2.4B	−$1.1B	8.3%	—	31.7%	$4.1B	$27.32	—
2025.Q4	$11.3B	0.0%	15.2%	24.5%	$1.3B	−$3.7B	−$2.4B	8.1%	—	29.9%	$4.5B	$27.32	—
2026.Q1	$12.7B	12.5%	13.6%	24.2%	$1.3B	−$3.5B	−$2.2B	8.1%	—	28.4%	$4.7B	$27.04	12.4
italics below = DCF projection · 10yr Rev CAGR: 4.1%
2027.Q1	$12.6B	+-1.2%	15.8%	23.8%	$1.5B	$0MM	$1.5B	7.8%	$1.4B	32.1%	$4.7B	$31.61	15.5
2028.Q1	$13.4B	+6.9%	15.8%	23.4%	$1.6B	−$254MM	$1.4B	7.8%	$1.2B	33.6%	$4.9B	$33.97	14.4
2029.Q1	$14.1B	+5.3%	15.8%	23.0%	$1.7B	−$231MM	$1.5B	7.9%	$1.2B	33.9%	$5.2B	$35.95	13.6
2030.Q1	$14.8B	+4.5%	15.8%	22.5%	$1.8B	−$824MM	$978MM	8.0%	$722MM	32.2%	$6.0B	$37.77	12.9
2031.Q1	$15.4B	+4.4%	15.8%	22.1%	$1.9B	−$671MM	$1.2B	8.1%	$834MM	29.9%	$6.7B	$39.67	12.3

Term. Yr+	$19.7B	4.1%	14.1%	20.0%	$2.2B	−$386MM	$1.8B	8.6%	$18.6B	23.6%	—	—	—

Active scenario IV: $594 (+21.7% vs market)