Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
119.38M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
48.77%.
Starting with 119.38M and growing at 48.77%
for 5 years, we estimate Free Cash Flow will be
870M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 49.91M.
We will project this out 5 year(s) with a growth rate
of 2.9%.
Estimated Diluted Shares Outstanding: 57.57M.
Step 3: Project Future Stock Price
Using a price ratio of 57.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(870M ÷ 57.57M) × 57.72 =
$872
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $872.
Including dividends, total future value: $872.
Discounted at 10% per
year over 5 years → Fair Value:
$541.
