Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
207.21M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.25%.
Starting with 207.21M and growing at -6.25%
for 5 years, we estimate Free Cash Flow will be
150.06M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 30.93M.
We will project this out 5 year(s) with a growth rate
of -29.15%.
Estimated Diluted Shares Outstanding: 5.52M.
Step 3: Project Future Stock Price
Using a price ratio of 4.61, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(150.06M ÷ 5.52M) × 4.61 =
$125
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.85.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$14.25.
Step 5: Discount the Projected Stock Price
Projected stock price: $125.
Including dividends, total future value: $139.25.
Discounted at 10% per
year over 5 years → Fair Value:
$86.
