Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
97.87M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
95.03%.
Starting with 97.87M and growing at 95.03%
for 5 years, we estimate Free Cash Flow will be
2.76B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 95.89M.
We will project this out 5 year(s) with a growth rate
of 25.79%.
Estimated Diluted Shares Outstanding: 301.99M.
Step 3: Project Future Stock Price
Using a price ratio of 33.89, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(2.76B ÷ 301.99M) × 33.89 =
$309
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.05.
Projected over 5 years with a growth rate of
16.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.638142100514173.
Step 5: Discount the Projected Stock Price
Projected stock price: $309.
Including dividends, total future value: $316.64.
Discounted at 10% per
year over 5 years → Fair Value:
$196.
