Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
117.86M
as of Jun 27, 2025.
We will project this out 5 years with a yearly growth
rate of
21.9%.
Starting with 117.86M and growing at 21.9%
for 5 years, we estimate Free Cash Flow will be
317.24M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 35.97M.
We will project this out 5 year(s) with a growth rate
of 0.32%.
Estimated Diluted Shares Outstanding: 36.55M.
Step 3: Project Future Stock Price
Using a price ratio of 56.64, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(317.24M ÷ 36.55M) × 56.64 =
$491
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: $491.
Including dividends, total future value: $491.
Discounted at 10% per
year over 5 years → Fair Value:
$304.
