Mobileye Global Inc.

MBLY

Consumer CyclicalAuto - PartsNASDAQ

$9.24

Market Cap: $7.53B

Mobileye Global Inc. (MBLY) Valuation Summary

Updated Apr 6, 2026 22:27

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.07 – $1.25	$0.72	-90.2%
Revenue DCF 10Y	$0.57 – $3.44	$2.13	-71.0%
▸ Trading Multiples
EV/Revenue	$4.29 – $7.23	$4.39	-40.2%

Valuation History

DCF Analysis

Mobileye Global Inc. (MBLY) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$2.13

Market Price

$9.24

Upside / Downside

-76.9%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -23.2% to a target of 7.7% over 5 years, discounted at a WACC of 8.3%, Mobileye Global Inc. (MBLY) has an intrinsic value of $2.13 per share (range: $0.57 – $3.44).

Key Assumptions

Current Operating Margin

-23.2%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

6.0%

Target CapEx/Rev

45.3%

D&A/Revenue

30.2%

Tax Rate

40.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	1,953	3.1%	-17.0%	-333	-333	589	(194)	84	-22	-21
2027	2,237	14.5%	-10.8%	-243	-243	675	(310)	46	76	68
2028	2,844	27.1%	-4.7%	-133	-133	858	(506)	98	122	100
2029	3,991	40.4%	1.5%	61	37	1,204	(866)	185	190	143
2030	5,462	36.9%	7.7%	422	253	1,648	(1,400)	237	264	184
2031	5,859	7.3%	7.7%	452	271	1,768	(1,732)	64	243	157
2032	6,235	6.4%	7.7%	481	289	1,881	(2,087)	60	22	13
2033	6,581	5.6%	7.7%	508	305	1,986	(2,462)	56	-227	-125
2034	6,891	4.7%	7.7%	532	319	2,079	(2,848)	50	-500	-253
2035	7,157	3.9%	7.7%	553	332	2,159	(3,239)	43	-791	-370

Enterprise Value Bridge

Sum of PV(FCFF)-103

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value-103

(–) Net Debt-1,836

Equity Value1,733

(÷) Shares Outstanding813

Fair Value per Share$2.13

Note:Terminal value is $0 because Year 5 FCFF is negative. The company's operating margin convergence does not fully offset reinvestment needs within 5 years. See the sensitivity matrix for scenarios where the model produces a positive terminal value (higher target margin or lower WACC).

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$1	$1	$2	$3	$3
7.3%	$1	$1	$2	$3	$3
8.3%	$1	$1	$2	$3	$3
9.3%	$1	$2	$2	$3	$3
10.3%	$1	$2	$2	$3	$3

Current price: $9.24. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 16.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Mobileye Global Inc. (MBLY) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.72

Market Price

$9.24

Upside / Downside

-92.2%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-23.2%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

6.0%

Target CapEx/Rev

45.3%

D&A/Revenue

30.2%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	1,953	3.1%	-17.0%	-333	-333	589	(271)	84	-99	-95
2027	2,237	14.5%	-10.8%	-243	-243	675	(486)	46	-99	-88
2028	2,844	27.1%	-4.7%	-133	-133	858	(841)	98	-213	-174
2029	3,991	40.4%	1.5%	61	37	1,204	(1,493)	185	-437	-330
2030	5,462	36.9%	7.7%	422	253	1,648	(2,472)	237	-808	-563

Enterprise Value Bridge

Sum of PV(FCFF)-1,250

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value-1,250

(–) Net Debt-1,836

Equity Value586

(÷) Shares Outstanding813

Fair Value per Share$0.72

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$0	$0	$1	$1	$1
7.3%	$0	$0	$1	$1	$1
8.3%	$0	$0	$1	$1	$1
9.3%	$0	$1	$1	$1	$1
10.3%	$0	$1	$1	$1	$1

Current price: $9.24. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 16.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.40

Market Price

$9.24

Upside / Downside

-52.4%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Mobileye Global Inc. (MBLY) has a fair value of $4.40 based on 9 comparable companies in the Auto - Parts industry.

EV/Revenue Valuation — Auto - Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Mobileye Global Inc.MBLY	7,512	3.0x	2.9x
Magna International Inc.MGA	15,242	0.5x	0.5x
Hasbro, Inc.HAS	12,721	3.3x	3.1x
Crown Holdings, Inc.CCK	11,687	1.4x	1.4x
Modine Manufacturing CompanyMOD	11,331	4.6x	4.9x
BorgWarner Inc.BWA	10,986	0.9x	0.9x
Texas Roadhouse, Inc.TXRH	10,800	2.1x	1.9x
Penske Automotive Group, Inc.PAG	9,779	0.6x	0.6x
Autoliv, Inc.ALV	7,878	0.9x	0.9x
LKQ CorporationLKQ	7,396	0.9x	0.9x
Industry Median		0.9x	0.9x
(*) Revenue		1,894	1,980
= Enterprise Value		1,701	1,786
(-) Net Debt		-1,836	-1,836
Equity Value		3,537	3,622
(/) Outstanding shares		813	813
Fair Price		$4	$4

Selected Fair Value (avg of trailing + forward)

$4.40

-52.4%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Mobileye Global Inc. (MBLY) Valuation Summary

Updated Apr 6, 2026 22:27

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.07 – $1.25	$0.72	-90.2%
Revenue DCF 10Y	$0.57 – $3.44	$2.13	-71.0%
▸ Trading Multiples
EV/Revenue	$4.29 – $7.23	$4.39	-40.2%

Valuation History

DCF Analysis

Mobileye Global Inc. (MBLY) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$2.13

Market Price

$9.24

Upside / Downside

-76.9%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-23.2%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

6.0%

Target CapEx/Rev

45.3%

D&A/Revenue

30.2%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	1,953	3.1%	-17.0%	-333	-333	589	(194)	84	-22	-21
2027	2,237	14.5%	-10.8%	-243	-243	675	(310)	46	76	68
2028	2,844	27.1%	-4.7%	-133	-133	858	(506)	98	122	100
2029	3,991	40.4%	1.5%	61	37	1,204	(866)	185	190	143
2030	5,462	36.9%	7.7%	422	253	1,648	(1,400)	237	264	184
2031	5,859	7.3%	7.7%	452	271	1,768	(1,732)	64	243	157
2032	6,235	6.4%	7.7%	481	289	1,881	(2,087)	60	22	13
2033	6,581	5.6%	7.7%	508	305	1,986	(2,462)	56	-227	-125
2034	6,891	4.7%	7.7%	532	319	2,079	(2,848)	50	-500	-253
2035	7,157	3.9%	7.7%	553	332	2,159	(3,239)	43	-791	-370

Enterprise Value Bridge

Sum of PV(FCFF)-103

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value-103

(–) Net Debt-1,836

Equity Value1,733

(÷) Shares Outstanding813

Fair Value per Share$2.13

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$1	$1	$2	$3	$3
7.3%	$1	$1	$2	$3	$3
8.3%	$1	$1	$2	$3	$3
9.3%	$1	$2	$2	$3	$3
10.3%	$1	$2	$2	$3	$3

Current price: $9.24. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 16.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Mobileye Global Inc. (MBLY) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.72

Market Price

$9.24

Upside / Downside

-92.2%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-23.2%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

6.0%

Target CapEx/Rev

45.3%

D&A/Revenue

30.2%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	1,953	3.1%	-17.0%	-333	-333	589	(271)	84	-99	-95
2027	2,237	14.5%	-10.8%	-243	-243	675	(486)	46	-99	-88
2028	2,844	27.1%	-4.7%	-133	-133	858	(841)	98	-213	-174
2029	3,991	40.4%	1.5%	61	37	1,204	(1,493)	185	-437	-330
2030	5,462	36.9%	7.7%	422	253	1,648	(2,472)	237	-808	-563

Enterprise Value Bridge

Sum of PV(FCFF)-1,250

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value-1,250

(–) Net Debt-1,836

Equity Value586

(÷) Shares Outstanding813

Fair Value per Share$0.72

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$0	$0	$1	$1	$1
7.3%	$0	$0	$1	$1	$1
8.3%	$0	$0	$1	$1	$1
9.3%	$0	$1	$1	$1	$1
10.3%	$0	$1	$1	$1	$1

Current price: $9.24. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 16.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.40

Market Price

$9.24

Upside / Downside

-52.4%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Mobileye Global Inc. (MBLY) has a fair value of $4.40 based on 9 comparable companies in the Auto - Parts industry.

EV/Revenue Valuation — Auto - Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Mobileye Global Inc.MBLY	7,512	3.0x	2.9x
Magna International Inc.MGA	15,242	0.5x	0.5x
Hasbro, Inc.HAS	12,721	3.3x	3.1x
Crown Holdings, Inc.CCK	11,687	1.4x	1.4x
Modine Manufacturing CompanyMOD	11,331	4.6x	4.9x
BorgWarner Inc.BWA	10,986	0.9x	0.9x
Texas Roadhouse, Inc.TXRH	10,800	2.1x	1.9x
Penske Automotive Group, Inc.PAG	9,779	0.6x	0.6x
Autoliv, Inc.ALV	7,878	0.9x	0.9x
LKQ CorporationLKQ	7,396	0.9x	0.9x
Industry Median		0.9x	0.9x
(*) Revenue		1,894	1,980
= Enterprise Value		1,701	1,786
(-) Net Debt		-1,836	-1,836
Equity Value		3,537	3,622
(/) Outstanding shares		813	813
Fair Price		$4	$4

Selected Fair Value (avg of trailing + forward)

$4.40

-52.4%