Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
7.24M
as of Jul 31, 2025.
We will project this out 5 years with a yearly growth
rate of
59.16%.
Starting with 7.24M and growing at 59.16%
for 5 years, we estimate Free Cash Flow will be
73.94M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.79M.
We will project this out 5 year(s) with a growth rate
of 3.79%.
Estimated Diluted Shares Outstanding: 16.6M.
Step 3: Project Future Stock Price
Using a price ratio of 109.78, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(73.94M ÷ 16.6M) × 109.78 =
$488
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: $488.
Including dividends, total future value: $488.
Discounted at 10% per
year over 5 years → Fair Value:
$303.
