Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
305.45M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
189.71%.
Starting with 305.45M and growing at 189.71%
for 5 years, we estimate Free Cash Flow will be
62.34B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 95.33M.
We will project this out 5 year(s) with a growth rate
of 14.48%.
Estimated Diluted Shares Outstanding: 187.45M.
Step 3: Project Future Stock Price
Using a price ratio of 40.58, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(62.34B ÷ 187.45M) × 40.58 =
$13495
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.87.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.35.
Step 5: Discount the Projected Stock Price
Projected stock price: $13495.
Including dividends, total future value: $13499.35.
Discounted at 10% per
year over 5 years → Fair Value:
$8382.
