Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
57.33M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
49.81%.
Starting with 57.33M and growing at 49.81%
for 5 years, we estimate Free Cash Flow will be
432.61M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.95M.
We will project this out 5 year(s) with a growth rate
of 0.47%.
Estimated Diluted Shares Outstanding: 23.5M.
Step 3: Project Future Stock Price
Using a price ratio of 19.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(432.61M ÷ 23.5M) × 19.21 =
$353
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.58.
Projected over 5 years with a growth rate of
-30.87%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.1522968909574096.
Step 5: Discount the Projected Stock Price
Projected stock price: $353.
Including dividends, total future value: $354.15.
Discounted at 10% per
year over 5 years → Fair Value:
$219.
