Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
192.6M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
16.88%.
Starting with 192.6M and growing at 16.88%
for 5 years, we estimate Free Cash Flow will be
420.1M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 44.61M.
We will project this out 5 year(s) with a growth rate
of 1.32%.
Estimated Diluted Shares Outstanding: 47.64M.
Step 3: Project Future Stock Price
Using a price ratio of 39.41, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(420.1M ÷ 47.64M) × 39.41 =
$347
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: $347.
Including dividends, total future value: $347.
Discounted at 10% per
year over 5 years → Fair Value:
$215.
