Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
309.13M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
133.49%.
Starting with 309.13M and growing at 133.49%
for 5 years, we estimate Free Cash Flow will be
21.45B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 43.79M.
We will project this out 5 year(s) with a growth rate
of 2.44%.
Estimated Diluted Shares Outstanding: 49.4M.
Step 3: Project Future Stock Price
Using a price ratio of 0.6, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(21.45B ÷ 49.4M) × 0.6 =
$260
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.65.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.8146756438197076.
Step 5: Discount the Projected Stock Price
Projected stock price: $260.
Including dividends, total future value: $262.81.
Discounted at 10% per
year over 5 years → Fair Value:
$163.
