Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
267.83M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
109.85%.
Starting with 267.83M and growing at 109.85%
for 5 years, we estimate Free Cash Flow will be
10.9B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 24.61M.
We will project this out 5 year(s) with a growth rate
of -0.04%.
Estimated Diluted Shares Outstanding: 24.56M.
Step 3: Project Future Stock Price
Using a price ratio of 6.67, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(10.9B ÷ 24.56M) × 6.67 =
$2959
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.41.
Projected over 5 years with a growth rate of
3.37%, dividends add to total shareholder return.
Expected dividends in 5 years:
$13.09101551571711.
Step 5: Discount the Projected Stock Price
Projected stock price: $2959.
Including dividends, total future value: $2972.09.
Discounted at 10% per
year over 5 years → Fair Value:
$1845.
