Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
49.77M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
38.55%.
Starting with 49.77M and growing at 38.55%
for 5 years, we estimate Free Cash Flow will be
254.11M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.18M.
We will project this out 5 year(s) with a growth rate
of 2.12%.
Estimated Diluted Shares Outstanding: 14.64M.
Step 3: Project Future Stock Price
Using a price ratio of 10.34, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(254.11M ÷ 14.64M) × 10.34 =
$179
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.05.
Projected over 5 years with a growth rate of
46.29%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.58926297918178.
Step 5: Discount the Projected Stock Price
Projected stock price: $179.
Including dividends, total future value: $192.59.
Discounted at 10% per
year over 5 years → Fair Value:
$119.
