Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
221.6M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.25%.
Starting with 221.6M and growing at 7.25%
for 5 years, we estimate Free Cash Flow will be
314.45M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 36.63M.
We will project this out 5 year(s) with a growth rate
of -13.29%.
Estimated Diluted Shares Outstanding: 17.96M.
Step 3: Project Future Stock Price
Using a price ratio of 83.32, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(314.45M ÷ 17.96M) × 83.32 =
$1459
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: $1459.
Including dividends, total future value: $1459.
Discounted at 10% per
year over 5 years → Fair Value:
$905.
