Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
10.56M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 10.56M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
10.56M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 81.11M.
We will project this out 5 year(s) with a growth rate
of 3.51%.
Estimated Diluted Shares Outstanding: 96.38M.
Step 3: Project Future Stock Price
Using a price ratio of 153.71, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(10.56M ÷ 96.38M) × 153.71 =
$16
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.42.
Projected over 5 years with a growth rate of
-1.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$11.527536692131202.
Step 5: Discount the Projected Stock Price
Projected stock price: $16.
Including dividends, total future value: $27.53.
Discounted at 10% per
year over 5 years → Fair Value:
$17.
