Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
401.63M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
179.3%.
Starting with 401.63M and growing at 179.3%
for 5 years, we estimate Free Cash Flow will be
68.26B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 76.12M.
We will project this out 5 year(s) with a growth rate
of -0.16%.
Estimated Diluted Shares Outstanding: 75.51M.
Step 3: Project Future Stock Price
Using a price ratio of 8.93, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(68.26B ÷ 75.51M) × 8.93 =
$8072
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.78.
Projected over 5 years with a growth rate of
11.71%, dividends add to total shareholder return.
Expected dividends in 5 years:
$24.92825816477669.
Step 5: Discount the Projected Stock Price
Projected stock price: $8072.
Including dividends, total future value: $8096.93.
Discounted at 10% per
year over 5 years → Fair Value:
$5027.
