Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
450M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
23.87%.
Starting with 450M and growing at 23.87%
for 5 years, we estimate Free Cash Flow will be
1.31B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 76.81M.
We will project this out 5 year(s) with a growth rate
of -1.66%.
Estimated Diluted Shares Outstanding: 70.64M.
Step 3: Project Future Stock Price
Using a price ratio of -0.8, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.31B ÷ 70.64M) × -0.8 =
n/a
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.95.
Projected over 5 years with a growth rate of
12.66%, dividends add to total shareholder return.
Expected dividends in 5 years:
$19.870847372594458.
Step 5: Discount the Projected Stock Price
Projected stock price: n/a.
Including dividends, total future value: $4.87.
Discounted at 10% per
year over 5 years → Fair Value:
$3.
