Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
126.94M
as of Mar 28, 2025.
We will project this out 5 years with a yearly growth
rate of
29.05%.
Starting with 126.94M and growing at 29.05%
for 5 years, we estimate Free Cash Flow will be
454.36M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.76M.
We will project this out 5 year(s) with a growth rate
of 8.86%.
Estimated Diluted Shares Outstanding: 62.32M.
Step 3: Project Future Stock Price
Using a price ratio of 33.9, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(454.36M ÷ 62.32M) × 33.9 =
$247
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: $247.
Including dividends, total future value: $247.
Discounted at 10% per
year over 5 years → Fair Value:
$153.
