Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
50.7M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
62.33%.
Starting with 50.7M and growing at 62.33%
for 5 years, we estimate Free Cash Flow will be
571.42M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 23M.
We will project this out 5 year(s) with a growth rate
of 14.99%.
Estimated Diluted Shares Outstanding: 46.24M.
Step 3: Project Future Stock Price
Using a price ratio of 7.13, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(571.42M ÷ 46.24M) × 7.13 =
$88
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
-4.87%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.413303007963523.
Step 5: Discount the Projected Stock Price
Projected stock price: $88.
Including dividends, total future value: $92.41.
Discounted at 10% per
year over 5 years → Fair Value:
$57.
