Mulya.ai
Ticker
WAT
Scenario
Key Inputs
Revenue est.?Analysttaper yr5
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.5%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.203
Beta (levered) ?1.283
Terminal OM% ?22.9%
Segment conc. ?35% dominant
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

WAT · Waters Corporation

$304.242026-05-17
Sector: Healthcare; Industry: Medical - Diagnostics & Research; Sub-Industry: Life Sciences Tools & Services

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$481
+58.1% vs market
Base · active
$471
+54.7% vs market
Bear
$187
-38.4% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $187
Market $304
Median $395
Base $471
Bull $481
Market Price $304
Mulya.ai Base $471
Analysts Median $395
Mulya.ai IV range ($187 · $481)
Analysts Range ($350 · $480)
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$2.8B31.4%14.1%$752MM−$115MM$637MM8.6%41.4%$1.8B$11.59
2022.Q4$3.0B6.7%31.3%15.5%$786MM−$378MM$408MM9.3%39.9%$2.1B$11.84
2023.Q4$3.0B-0.5%29.5%12.8%$760MM−$1.6B−$806MM9.0%26.4%$3.6B$10.75
2024.Q4$3.0B0.1%29.7%15.5%$744MM−$115MM$629MM9.6%20.4%$3.7B$10.67
2025.Q4$3.2B7.0%28.3%14.9%$764MM−$142MM$622MM9.7%20.1%$3.9B$10.7520.3
italics below = DCF projection · 10yr Rev CAGR: 13.3%
2026.Q4$6.2B+96.2%30.1%15.4%$1.6B−$375MM$1.2B9.4%$1.1B38.4%$4.3B$24.8412.2
2027.Q4$7.1B+14.0%30.4%15.9%$1.8B−$117MM$1.7B9.3%$1.4B41.5%$4.4B$28.4710.7
2028.Q4$7.5B+6.1%31.9%16.4%$2.0B−$64MM$1.9B9.2%$1.5B44.9%$4.5B$31.429.7
2029.Q4$8.0B+7.2%32.6%16.9%$2.2B−$91MM$2.1B9.2%$1.5B48.0%$4.6B$34.238.9
2030.Q4$8.6B+6.7%32.6%17.4%$2.3B−$102MM$2.2B9.1%$1.4B49.9%$4.7B$36.298.4
Term. Yr+$11.5B4.1%22.9%20.0%$2.1B−$365MM$1.7B8.6%$16.3B23.6%
Active scenario IV: $471 (+54.7% vs market)