Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
91.56M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
13.57%.
Starting with 91.56M and growing at 13.57%
for 5 years, we estimate Free Cash Flow will be
172.99M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.31M.
We will project this out 5 year(s) with a growth rate
of 22.93%.
Estimated Diluted Shares Outstanding: 144.05M.
Step 3: Project Future Stock Price
Using a price ratio of 54.7, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(172.99M ÷ 144.05M) × 54.7 =
$65
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: $65.
Including dividends, total future value: $65.
Discounted at 10% per
year over 5 years → Fair Value:
$40.
