Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
19.95M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
72.31%.
Starting with 19.95M and growing at 72.31%
for 5 years, we estimate Free Cash Flow will be
302.98M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.39M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 25.39M.
Step 3: Project Future Stock Price
Using a price ratio of 34.52, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(302.98M ÷ 25.39M) × 34.52 =
$411
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.65.
Projected over 5 years with a growth rate of
5.85%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.746368704340075.
Step 5: Discount the Projected Stock Price
Projected stock price: $411.
Including dividends, total future value: $414.75.
Discounted at 10% per
year over 5 years → Fair Value:
$257.
