Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
57.09M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
48.93%.
Starting with 57.09M and growing at 48.93%
for 5 years, we estimate Free Cash Flow will be
418.31M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 7.6M.
We will project this out 5 year(s) with a growth rate
of -2.69%.
Estimated Diluted Shares Outstanding: 6.63M.
Step 3: Project Future Stock Price
Using a price ratio of 3.85, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(418.31M ÷ 6.63M) × 3.85 =
$242
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.6.
Projected over 5 years with a growth rate of
20.34%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.70910608615377.
Step 5: Discount the Projected Stock Price
Projected stock price: $242.
Including dividends, total future value: $254.71.
Discounted at 10% per
year over 5 years → Fair Value:
$158.
