Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
103.03M
as of Jun 30, 2024.
We will project this out 5 years with a yearly growth
rate of
16.56%.
Starting with 103.03M and growing at 16.56%
for 5 years, we estimate Free Cash Flow will be
221.68M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 35.16M.
We will project this out 5 year(s) with a growth rate
of 1.85%.
Estimated Diluted Shares Outstanding: 38.53M.
Step 3: Project Future Stock Price
Using a price ratio of 24.68, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(221.68M ÷ 38.53M) × 24.68 =
$141
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $141.
Including dividends, total future value: $141.
Discounted at 10% per
year over 5 years → Fair Value:
$87.
