Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
940.11M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
43.1%.
Starting with 940.11M and growing at 43.1%
for 5 years, we estimate Free Cash Flow will be
5.64B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 23.3M.
We will project this out 5 year(s) with a growth rate
of 1.06%.
Estimated Diluted Shares Outstanding: 24.56M.
Step 3: Project Future Stock Price
Using a price ratio of 12.52, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.64B ÷ 24.56M) × 12.52 =
$2875
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.81.
Projected over 5 years with a growth rate of
7.21%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.8199581035664005.
Step 5: Discount the Projected Stock Price
Projected stock price: $2875.
Including dividends, total future value: $2879.82.
Discounted at 10% per
year over 5 years → Fair Value:
$1788.
