Mulya.ai
Ticker
ZBH
Scenario
Key Inputs
Revenue est.?Analysttaper yr2
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?8.0%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.803
Beta (levered) ?1.088
Terminal OM% ?19.4%
Segment conc. ?44% dominant
Terminal growth ?4.1%
Bond rating ?A- · 1.45%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

ZBH · Zimmer Biomet Holdings, Inc.

$90.892026-05-17
Sector: Healthcare; Industry: Medical - Devices; Sub-Industry: Health Care Equipment

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$87
-3.8% vs market
Base · active
$61
-32.9% vs market
Bear
$61
-33.4% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $61
Base $61
Bull $87
Market $91
Median $105
Market Price $91
Mulya.ai Base $61
Analysts Median $105
Mulya.ai IV range ($61 · $87)
Analysts Range ($89 · $122)
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$6.8B13.7%6.3%$879MM$634MM$1.5B5.4%4.3%$20.6B$2.03
2022.Q4$6.9B1.6%10.9%27.8%$548MM$115MM$663MM6.5%2.8%$18.5B$1.17
2023.Q4$7.4B6.5%18.8%4.0%$1.3B−$82MM$1.3B6.7%7.1%$19.2B$5.17
2024.Q4$7.7B3.8%18.3%12.7%$1.2B−$198MM$1.0B7.2%6.3%$19.4B$4.56
2025.Q4$8.2B7.2%16.3%15.1%$1.1B−$213MM$926MM7.0%5.6%$21.0B$3.5613.4
italics below = DCF projection · 10yr Rev CAGR: 4.3%
2026.Q4$8.6B+4.0%18.1%15.6%$1.3B−$260MM$1.0B8.0%$968MM6.2%$21.2B$6.0515.0
2027.Q4$8.9B+4.0%18.8%16.1%$1.4B−$293MM$1.1B8.1%$952MM6.6%$21.5B$6.5014.0
2028.Q4$9.3B+4.0%19.0%16.6%$1.5B−$334MM$1.1B8.1%$898MM6.8%$21.9B$6.7913.4
2029.Q4$9.7B+5.3%19.8%17.1%$1.6B−$504MM$1.1B8.2%$802MM7.2%$22.4B$7.4112.3
2030.Q4$10.2B+5.2%19.8%17.6%$1.7B−$584MM$1.1B8.3%$737MM7.4%$22.9B$7.7511.7
Term. Yr+$13.0B4.1%19.4%20.0%$2.0B−$961MM$1.1B8.6%$10.6B8.6%
Active scenario IV: $61 (-32.9% vs market)