Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
172.9M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
100.55%.
Starting with 172.9M and growing at 100.55%
for 5 years, we estimate Free Cash Flow will be
5.61B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 156.29M.
We will project this out 5 year(s) with a growth rate
of -0.27%.
Estimated Diluted Shares Outstanding: 154.19M.
Step 3: Project Future Stock Price
Using a price ratio of 129.73, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(5.61B ÷ 154.19M) × 129.73 =
$4719
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.27.
Projected over 5 years with a growth rate of
-1.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.312848797539949.
Step 5: Discount the Projected Stock Price
Projected stock price: $4719.
Including dividends, total future value: $4720.31.
Discounted at 10% per
year over 5 years → Fair Value:
$2930.
