Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
50.37M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
184.66%.
Starting with 50.37M and growing at 184.66%
for 5 years, we estimate Free Cash Flow will be
9.41B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 40.43M.
We will project this out 5 year(s) with a growth rate
of 6.66%.
Estimated Diluted Shares Outstanding: 55.8M.
Step 3: Project Future Stock Price
Using a price ratio of 64.15, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(9.41B ÷ 55.8M) × 64.15 =
$10821
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: $10821.
Including dividends, total future value: $10821.
Discounted at 10% per
year over 5 years → Fair Value:
$6718.
