Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
13.27M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
88.46%.
Starting with 13.27M and growing at 88.46%
for 5 years, we estimate Free Cash Flow will be
315.36M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.21M.
We will project this out 5 year(s) with a growth rate
of 33%.
Estimated Diluted Shares Outstanding: 54.97M.
Step 3: Project Future Stock Price
Using a price ratio of 582.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(315.36M ÷ 54.97M) × 582.58 =
$3342
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.77.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.85.
Step 5: Discount the Projected Stock Price
Projected stock price: $3342.
Including dividends, total future value: $3355.85.
Discounted at 10% per
year over 5 years → Fair Value:
$2083.
