Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
64.52M
as of Jun 29, 2025.
We will project this out 5 years with a yearly growth
rate of
37.68%.
Starting with 64.52M and growing at 37.68%
for 5 years, we estimate Free Cash Flow will be
319.19M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 4.16M.
We will project this out 5 year(s) with a growth rate
of 1.75%.
Estimated Diluted Shares Outstanding: 4.54M.
Step 3: Project Future Stock Price
Using a price ratio of 11.27, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(319.19M ÷ 4.54M) × 11.27 =
$792
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: $792.
Including dividends, total future value: $792.
Discounted at 10% per
year over 5 years → Fair Value:
$491.
