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Scenario:📈 Base
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Front grows at 30% CAGR, leveraging its switching cost and network effect to drive broad adoption.
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Year201920202021202220232024202520-25 CAGR
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ARR ($M)$21$38$59$79$99$119$13930%
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ValuationIRR
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2025 ARR ($M)$139If you buy at:Share PriceIRR
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Enterprise Value / ARR x
25X
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Enterprise Value ($M)
$3,475$745%
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Net Cash ($M)$292$841%
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$937%
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Equity Value ($M) $3,767$1033%
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$1130%
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$1227%
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$1325%
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Shares Outstanding (M)
120$1422%
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Share Price$31
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