Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
434.54M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
74.53%.
Starting with 434.54M and growing at 74.53%
for 5 years, we estimate Free Cash Flow will be
7.04B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 30.42M.
We will project this out 5 year(s) with a growth rate
of 2.81%.
Estimated Diluted Shares Outstanding: 34.94M.
Step 3: Project Future Stock Price
Using a price ratio of 9.14, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(7.04B ÷ 34.94M) × 9.14 =
$1840
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: $1840.
Including dividends, total future value: $1840.
Discounted at 10% per
year over 5 years → Fair Value:
$1142.
