Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
233.47M
as of Sep 28, 2024.
We will project this out 5 years with a yearly growth
rate of
138.03%.
Starting with 233.47M and growing at 138.03%
for 5 years, we estimate Free Cash Flow will be
17.84B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 160.4M.
We will project this out 5 year(s) with a growth rate
of 2.58%.
Estimated Diluted Shares Outstanding: 182.18M.
Step 3: Project Future Stock Price
Using a price ratio of 25.23, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(17.84B ÷ 182.18M) × 25.23 =
$2470
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
35.38%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $2470.
Including dividends, total future value: $2470.
Discounted at 10% per
year over 5 years → Fair Value:
$1533.
