Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
123.7M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
8.14%.
Starting with 123.7M and growing at 8.14%
for 5 years, we estimate Free Cash Flow will be
182.93M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 30.11M.
We will project this out 5 year(s) with a growth rate
of -0.8%.
Estimated Diluted Shares Outstanding: 28.92M.
Step 3: Project Future Stock Price
Using a price ratio of 6.76, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(182.93M ÷ 28.92M) × 6.76 =
$42
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.66.
Projected over 5 years with a growth rate of
5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.7806886593394675.
Step 5: Discount the Projected Stock Price
Projected stock price: $42.
Including dividends, total future value: $45.78.
Discounted at 10% per
year over 5 years → Fair Value:
$28.
