Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
115.09M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
229.62%.
Starting with 115.09M and growing at 229.62%
for 5 years, we estimate Free Cash Flow will be
44.78B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.04M.
We will project this out 5 year(s) with a growth rate
of 88.05%.
Estimated Diluted Shares Outstanding: 518.35M.
Step 3: Project Future Stock Price
Using a price ratio of 20.42, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(44.78B ÷ 518.35M) × 20.42 =
$1764
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.88.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.399999999999999.
Step 5: Discount the Projected Stock Price
Projected stock price: $1764.
Including dividends, total future value: $1773.4.
Discounted at 10% per
year over 5 years → Fair Value:
$1101.
