{
  "ticker": "AAPL",
  "market": "US",
  "as_of_date": "2026-04-05",
  "currency": "USD",
  "statement_frequency": "A",
  "valuation_model": "steady_state_single_stage",
  "market_inputs": {
    "market_price": 226.0
  },
  "market_implied_growth": {
    "enabled": true
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  "assumptions": {
    "effective_tax_rate": 0.187,
    "terminal_growth_rate": 0.03,
    "marginal_tax_rate": 0.21,
    "risk_free_rate": 0.043,
    "equity_risk_premium": 0.05,
    "beta": 1.08,
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    "equity_weight": 0.92,
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  },
  "fundamentals": {
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    "da": 12500000000.0,
    "capex": 10800000000.0,
    "delta_nwc": 2800000000.0,
    "delta_nwc_source": "OpNWC_delta",
    "net_debt": 46000000000.0,
    "shares_out": 15500000000.0,
    "last_report_period": "2025-09-27"
  }
}