Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
207.93M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
35.83%.
Starting with 207.93M and growing at 35.83%
for 5 years, we estimate Free Cash Flow will be
961.37M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 143.85M.
We will project this out 5 year(s) with a growth rate
of -0.22%.
Estimated Diluted Shares Outstanding: 142.28M.
Step 3: Project Future Stock Price
Using a price ratio of 181.46, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(961.37M ÷ 142.28M) × 181.46 =
$1226
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: $1226.
Including dividends, total future value: $1226.
Discounted at 10% per
year over 5 years → Fair Value:
$761.
