Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
96.79M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
71.7%.
Starting with 96.79M and growing at 71.7%
for 5 years, we estimate Free Cash Flow will be
1.44B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 18.41M.
We will project this out 5 year(s) with a growth rate
of 4.05%.
Estimated Diluted Shares Outstanding: 22.45M.
Step 3: Project Future Stock Price
Using a price ratio of 20.06, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.44B ÷ 22.45M) × 20.06 =
$1290
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: $1290.
Including dividends, total future value: $1290.
Discounted at 10% per
year over 5 years → Fair Value:
$800.
