Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
59.35M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 59.35M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
59.35M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 72.75M.
We will project this out 5 year(s) with a growth rate
of 0.15%.
Estimated Diluted Shares Outstanding: 73.3M.
Step 3: Project Future Stock Price
Using a price ratio of 42.96, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(59.35M ÷ 73.3M) × 42.96 =
$34
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.12.
Projected over 5 years with a growth rate of
14.70%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.890355517613025.
Step 5: Discount the Projected Stock Price
Projected stock price: $34.
Including dividends, total future value: $41.89.
Discounted at 10% per
year over 5 years → Fair Value:
$26.
