Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
404.93M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
210.42%.
Starting with 404.93M and growing at 210.42%
for 5 years, we estimate Free Cash Flow will be
116.72B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.02M.
We will project this out 5 year(s) with a growth rate
of 0.4%.
Estimated Diluted Shares Outstanding: 52.04M.
Step 3: Project Future Stock Price
Using a price ratio of 7.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(116.72B ÷ 52.04M) × 7.07 =
$15855
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.
Projected over 5 years with a growth rate of
24.57%, dividends add to total shareholder return.
Expected dividends in 5 years:
$17.31943264306284.
Step 5: Discount the Projected Stock Price
Projected stock price: $15855.
Including dividends, total future value: $15872.32.
Discounted at 10% per
year over 5 years → Fair Value:
$9855.
