Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
58.26M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
59.72%.
Starting with 58.26M and growing at 59.72%
for 5 years, we estimate Free Cash Flow will be
605.55M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.29M.
We will project this out 5 year(s) with a growth rate
of 5.29%.
Estimated Diluted Shares Outstanding: 27.55M.
Step 3: Project Future Stock Price
Using a price ratio of 67.81, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(605.55M ÷ 27.55M) × 67.81 =
$1490
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.6.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.598162132756653.
Step 5: Discount the Projected Stock Price
Projected stock price: $1490.
Including dividends, total future value: $1492.6.
Discounted at 10% per
year over 5 years → Fair Value:
$926.
