Company / Stock (250)3-Year Statement
Golden Door Asset's Financial Engine connects audited SEC 10-K/10-Q income statements, balance sheets, and cash flow statements to a deterministic 5-year unlevered DCF valuation, Reverse-DCF implied growth solver, ASC 350-40 software capitalization bridge, and 1-year lagged R&D capital efficiency benchmark across 167 public software companies (167 ranked in the R&D Return universe).
Discounting 5-year unlevered FCF at 10.0% WACC and 2.5% terminal growth ($2.54B PV of FCF + $7.61B PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $1.73B | $2.00B | $2.30B | $2.65B | $3.05B | $3.52B |
| Operating EBIT | $246.1M | $283.5M | $326.6M | $376.3M | $433.5M | $499.3M |
| Unlevered Free Cash Flow (FCF) | $442.0M (26%) | $509.1M (26%) | $586.5M (25%) | $675.7M (26%) | $778.4M (25%) | $896.7M (26%) |
| Discounted PV of FCF (@ 10.0% WACC) | $401.8M | $420.8M | $440.7M | $461.5M | $483.3M | $506.2M |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $55.76 | $59.28 | $63.44 | $68.44 | $74.54 |
| 9.0% | $48.59 | $51.11 | $54.02 | $57.42 | $61.43 |
| 10.0% | $43.12 | $45.00 | $47.13 | $49.56 | $52.36 |
| 11.0% | $38.82 | $40.26 | $41.87 | $43.68 | $45.73 |
| 12.0% | $35.34 | $36.47 | $37.72 | $39.11 | $40.66 |
Synchronized directly with the 3-Year Operating Statement (79.1% Gross Margin · 15.2% Growth · 11.8% SBC/Rev)
| Income Statement Line | FY22AHist. | FY23AHist. | FY24AHist. | Year 1 (2026)Forecast | Year 2 (2027)Forecast | Year 3 (2028)Forecast |
|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.50B | $1.73B | $1.73B | $2.00B | $2.30B |
| YoY Revenue Growth (%) | — | 15.2% | 15.2% | 15.2% | 15.2% | 15.2% |
| Cost of Revenue (COGS) | ($273.0M) | ($314.4M) | ($362.2M) | ($362.2M) | ($407.3M) | ($457.7M) |
| Gross Profit & Margin | $1.03B (79.1%) | $1.19B (79.1%) | $1.37B (79.1%) | $1.37B (79.1%) | $1.59B (79.6%) | $1.84B (80.1%) |
| Research & Development (R&D) | — | — | — | $298.1M | $329.7M | $364.0M |
| Sales & Marketing (S&M) | — | — | — | $537.4M | $594.3M | $656.1M |
| General & Administrative (G&A) | — | — | — | $289.4M | $320.0M | $353.3M |
| Operating EBIT | $133.2M (10.2%) | $183.6M (12.2%) | $246.1M (14.2%) | $246.1M (14.2%) | $345.3M (17.3%) | $469.0M (20.4%) |
| Adjusted EBITDA | — | — | — | $298.1M (17.2%) | $405.2M (20.3%) | $538.0M (23.4%) |
Mobility Global Inc. (MBGL) earns a "Buy" rating and an institutional Quality Score of 91/100 (Grade A+). On $1.73B in baseline revenue (15.2% growth, 79.1% gross margin, 25.5% FCF margin), our 5-year DCF yields an Enterprise Value of $10.15B ($47.13/share vs. $64.77 market price). On the R&D Return Benchmark, MBGL ranks #44 of 167 (Harvesters · Grade A, 0.70× return).
Gross Margin & Unit Economics: Mobility Global Inc. operates at a 79.1% gross margin on $1.73B revenue (+4.0 pts above the Software - Application median of 75.1%).
R&D Productivity (Harvesters · Grade A): Investing 17.2% of revenue in R&D ($298.1M) generates $0.70 of incremental gross profit per R&D dollar (Rank #44 of 167).
Rule of 40 & Cash Conversion: Combining 15.2% top-line growth with 25.5% FCF margin yields a 40.7% Rule of 40 score (vs. 59.0% cohort median) and $10.15B DCF Enterprise Value.
Measures incremental gross profit generated per prior-year R&D dollar across 167 scored software companies
x = R&D % of revenue (FY) · y = new gross profit per R&D dollar (FY)
MBGL: not scored (missing_rnd)
Hover or tap a dot to inspect peer R&D intensity and return
Intensity = R&D ÷ revenue from the same period. The grade uses TTM when that period end is fresh; otherwise the latest fiscal year if that end is fresh; otherwise the name is ungraded. Bands describe spend level, not quality.
As of 2026-10-22.
Active Medians: 35.8% Growth · 75.1% Gross Margin · 21.9% Unlevered FCF · 14.4% GAAP FCF · 59.0% Rule of 40 · 6.6× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
MBGLMobility Global Inc.Subject | $1.73B | 15.2% | 79.1% | 25.5% | 13.7% | 40.7% | 8.3× | Active |
Grab Holdings Limited | $2.80B | 56.3% | 42.0% | 27.7% | 17.7% | 84.0% | 6.3× | |
Full Truck Alliance Co. Ltd. | $11.24B | 44.5% | 86.6% | 25.8% | 21.3% | 70.2% | 5.9× | |
Figma, Inc. | $1.28B | 44.6% | 79.1% | 18.1% | -112.4% | 62.7% | 8.8× | |
InterDigital, Inc. | $868.5M | 24.7% | 80.5% | 30.6% | 25.3% | 55.3% | 9.9× | |
OPEN TEXT CORP | $5.30B | 10.8% | 63.5% | 13.0% | 11.0% | 23.8% | 2.6× | |
ServiceTitan, Inc. | $1.06B | 27.1% | 71.1% | 12.8% | -7.7% | 40.0% | 6.8× | |
| Peer Set Median (6 Peers) | $2.04B | 35.8% | 75.1% | 21.9% | 14.4% | 59.0% | 6.6× | =MEDIAN() |
Structural sensitivities monitored in the 3-Statement Financial Engine
Apply any lever below to write its operating assumptions directly into the 3-Statement Model
Automate cloud hosting & support workflows to lift gross margin from 79.1% to 84.1%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $34.7M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $2.42B.
Exceptional unit economics, disciplined equity dilution, and fortress balance sheet.
Elite deferred revenue float; FCF exceeds operating income by >20%
Standard software SBC dilution; modest equity transfer to employees
Elite Tier-1 SaaS compounder with high gross margin and superior Rule of 40
Zero-debt fortress balance sheet with abundant net cash liquidity
The current share price demands 24.3% 5-year CAGR (34.3% net of SBC & dilution)—a +9.1% acceleration over historical run-rate (15.2%). Any growth slowdown risks valuation multiple contraction.
Evaluates shareholder equity vulnerability if SaaS valuation multiples contract toward historical industry medians.
| Multiple Contraction Scenario | EV / Rev | Implied EV | Implied Equity | Implied Price | Downside % |
|---|---|---|---|---|---|
| Current Multiple | 8.3× | $14.39B | $15.54B | $64.77 | 0.0% |
| -20% Multiple Compression | 6.6× | $11.51B | $12.66B | $52.78 | -20.0% |
| -35% Multiple Compression | 5.4× | $9.35B | $10.50B | $43.78 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $8.67B | $9.82B | $40.93 | -39.8% |