Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
483.82M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
44.99%.
Starting with 483.82M and growing at 44.99%
for 5 years, we estimate Free Cash Flow will be
3.1B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 12.96M.
We will project this out 5 year(s) with a growth rate
of 4.38%.
Estimated Diluted Shares Outstanding: 16.06M.
Step 3: Project Future Stock Price
Using a price ratio of 5.56, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(3.1B ÷ 16.06M) × 5.56 =
$1073
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.660540442522178.
Step 5: Discount the Projected Stock Price
Projected stock price: $1073.
Including dividends, total future value: $1081.66.
Discounted at 10% per
year over 5 years → Fair Value:
$671.
