Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
115.16M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
119.46%.
Starting with 115.16M and growing at 119.46%
for 5 years, we estimate Free Cash Flow will be
5.86B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 46.99M.
We will project this out 5 year(s) with a growth rate
of 1.11%.
Estimated Diluted Shares Outstanding: 49.65M.
Step 3: Project Future Stock Price
Using a price ratio of 23.33, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.86B ÷ 49.65M) × 23.33 =
$2754
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.71.
Projected over 5 years with a growth rate of
32.55%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.180880230726314.
Step 5: Discount the Projected Stock Price
Projected stock price: $2754.
Including dividends, total future value: $2761.18.
Discounted at 10% per
year over 5 years → Fair Value:
$1714.
