Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
14.16M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
55.17%.
Starting with 14.16M and growing at 55.17%
for 5 years, we estimate Free Cash Flow will be
127.35M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.62M.
We will project this out 5 year(s) with a growth rate
of 0.2%.
Estimated Diluted Shares Outstanding: 4.66M.
Step 3: Project Future Stock Price
Using a price ratio of 32.16, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(127.35M ÷ 4.66M) × 32.16 =
$878
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.85.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.6807296880719256.
Step 5: Discount the Projected Stock Price
Projected stock price: $878.
Including dividends, total future value: $881.68.
Discounted at 10% per
year over 5 years → Fair Value:
$547.
