Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
189.9M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
40.22%.
Starting with 189.9M and growing at 40.22%
for 5 years, we estimate Free Cash Flow will be
1.03B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 879.68K.
We will project this out 5 year(s) with a growth rate
of -8.33%.
Estimated Diluted Shares Outstanding: 569.46K.
Step 3: Project Future Stock Price
Using a price ratio of 1.26, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.03B ÷ 569.46K) × 1.26 =
$2277
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.0825675553152723.
Step 5: Discount the Projected Stock Price
Projected stock price: $2277.
Including dividends, total future value: $2278.08.
Discounted at 10% per
year over 5 years → Fair Value:
$1414.
