Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
32.7M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
78.69%.
Starting with 32.7M and growing at 78.69%
for 5 years, we estimate Free Cash Flow will be
595.71M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 9.54M.
We will project this out 5 year(s) with a growth rate
of -0.72%.
Estimated Diluted Shares Outstanding: 9.2M.
Step 3: Project Future Stock Price
Using a price ratio of 3.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(595.71M ÷ 9.2M) × 3.01 =
$194
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.32.
Projected over 5 years with a growth rate of
-3.58%, dividends add to total shareholder return.
Expected dividends in 5 years:
$15.153951951694165.
Step 5: Discount the Projected Stock Price
Projected stock price: $194.
Including dividends, total future value: $209.15.
Discounted at 10% per
year over 5 years → Fair Value:
$129.
