Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
225.57M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 225.57M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
225.57M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 10.51M.
We will project this out 5 year(s) with a growth rate
of 0.36%.
Estimated Diluted Shares Outstanding: 10.7M.
Step 3: Project Future Stock Price
Using a price ratio of 3.6, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(225.57M ÷ 10.7M) × 3.6 =
$75
Step 4: Project Future Dividends Paid
Forward dividend per share: $7.3.
Projected over 5 years with a growth rate of
7.06%, dividends add to total shareholder return.
Expected dividends in 5 years:
$43.28734625617897.
Step 5: Discount the Projected Stock Price
Projected stock price: $75.
Including dividends, total future value: $118.29.
Discounted at 10% per
year over 5 years → Fair Value:
$73.
