Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
84.71M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
63.23%.
Starting with 84.71M and growing at 63.23%
for 5 years, we estimate Free Cash Flow will be
981.56M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 186.9M.
We will project this out 5 year(s) with a growth rate
of 4.4%.
Estimated Diluted Shares Outstanding: 231.8M.
Step 3: Project Future Stock Price
Using a price ratio of 135.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(981.56M ÷ 231.8M) × 135.98 =
$575
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.25.
Projected over 5 years with a growth rate of
0.75%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.2735695005782732.
Step 5: Discount the Projected Stock Price
Projected stock price: $575.
Including dividends, total future value: $576.27.
Discounted at 10% per
year over 5 years → Fair Value:
$357.
