Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
232.14M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
6.42%.
Starting with 232.14M and growing at 6.42%
for 5 years, we estimate Free Cash Flow will be
316.86M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 119.87M.
We will project this out 5 year(s) with a growth rate
of 0.61%.
Estimated Diluted Shares Outstanding: 123.57M.
Step 3: Project Future Stock Price
Using a price ratio of 4.09, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(316.86M ÷ 123.57M) × 4.09 =
$10
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.46.
Projected over 5 years with a growth rate of
-2.92%, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.1357590493228136.
Step 5: Discount the Projected Stock Price
Projected stock price: $10.
Including dividends, total future value: $12.14.
Discounted at 10% per
year over 5 years → Fair Value:
$7.
