Mulya.ai
Ticker
WDAY
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?9.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.167
Beta (levered) ?1.238
Terminal OM% ?45.2%
Segment conc. ?98% dominant
Terminal growth ?4.1%
Bond rating ?AA · 0.90%
ROIC option ?Opt 4 · 22.2%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

WDAY · Workday, Inc.

$132.262026-05-17
Sector: Technology; Industry: Software - Application; Sub-Industry: Application Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$358
+170.5% vs market
Base · active
$347
+162.0% vs market
Bear
$270
+104.3% vs market
Mulya.ai vs Analyst IV Comparison?
Market $132
Median $195
Bear $270
Base $347
Bull $358
Market Price $132
Mulya.ai Base $347
Analysts Median $195
Mulya.ai IV range ($270 · $358)
Analysts Range ($125 · $298)
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
2022.Q4$5.1B-2.3%0.0%−$211MM−$1.5B−$1.7B6.9%-2.6%$8.1B$0.11
2023.Q4$6.2B21.0%-3.6%0.0%−$313MM−$648MM−$961MM8.9%-3.7%$8.9B$-1.39
2024.Q4$7.3B16.8%5.0%0.0%$1.4B−$595MM$813MM8.8%14.7%$10.3B$5.24
2025.Q4$8.4B16.4%9.7%17.6%$678MM−$1.8B−$1.1B10.0%6.2%$11.5B$2.00
2026.Q4$9.6B13.1%17.6%31.3%$1.2B−$3.1B−$1.9B9.6%9.4%$13.0B$2.6320.7
italics below = DCF projection · 10yr Rev CAGR: 8.9%
2027.Q4$10.7B+11.6%35.0%30.2%$2.6B−$2.3B$272MM9.2%$249MM18.4%$15.3B$2.5152.7
2028.Q4$11.9B+11.3%37.0%29.1%$3.1B−$2.2B$964MM9.2%$808MM19.0%$17.5B$3.7335.5
2029.Q4$13.1B+10.5%39.0%27.9%$3.7B−$1.9B$1.8B9.1%$1.4B20.0%$19.4B$5.1825.5
2030.Q4$14.7B+12.0%41.1%26.8%$4.4B−$3.1B$1.3B9.0%$930MM21.1%$22.5B$7.0318.8
2031.Q4$16.2B+10.4%45.1%25.7%$5.4B−$3.0B$2.5B9.0%$1.6B22.7%$25.5B$10.4312.7
Term. Yr+$23.3B4.1%45.1%20.0%$8.4B−$1.5B$6.9B8.6%$64.7B22.2%
Active scenario IV: $347 (+162.0% vs market)