Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
24.92M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
26.17%.
Starting with 24.92M and growing at 26.17%
for 5 years, we estimate Free Cash Flow will be
79.67M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 41.51M.
We will project this out 5 year(s) with a growth rate
of 2.53%.
Estimated Diluted Shares Outstanding: 47.03M.
Step 3: Project Future Stock Price
Using a price ratio of 44.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(79.67M ÷ 47.03M) × 44.21 =
$74
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
0.00%,
dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $74.
Including dividends, total future value: $74.
Discounted at 10% per
year over 5 years → Fair Value:
$45.
