Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
60.06M
as of Mar 31, 2024.
We will project this out 5 years with a yearly growth
rate of
59.1%.
Starting with 60.06M and growing at 59.1%
for 5 years, we estimate Free Cash Flow will be
612.23M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 39.42M.
We will project this out 5 year(s) with a growth rate
of 4.63%.
Estimated Diluted Shares Outstanding: 49.43M.
Step 3: Project Future Stock Price
Using a price ratio of 71.55, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(612.23M ÷ 49.43M) × 71.55 =
$886
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: $886.
Including dividends, total future value: $886.
Discounted at 10% per
year over 5 years → Fair Value:
$550.
