Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
49.76M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
124.43%.
Starting with 49.76M and growing at 124.43%
for 5 years, we estimate Free Cash Flow will be
2.83B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 17.46M.
We will project this out 5 year(s) with a growth rate
of 13.97%.
Estimated Diluted Shares Outstanding: 33.58M.
Step 3: Project Future Stock Price
Using a price ratio of 17.72, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.83B ÷ 33.58M) × 17.72 =
$1495
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.57.
Projected over 5 years with a growth rate of
-2.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.6464840393782683.
Step 5: Discount the Projected Stock Price
Projected stock price: $1495.
Including dividends, total future value: $1497.65.
Discounted at 10% per
year over 5 years → Fair Value:
$929.
