Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
260.31M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
16.03%.
Starting with 260.31M and growing at 16.03%
for 5 years, we estimate Free Cash Flow will be
547.45M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 85.79M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 85.79M.
Step 3: Project Future Stock Price
Using a price ratio of 2.78, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(547.45M ÷ 85.79M) × 2.78 =
$17
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.04.
Projected over 5 years with a growth rate of
-1.19%, dividends add to total shareholder return.
Expected dividends in 5 years:
$5.046677955028666.
Step 5: Discount the Projected Stock Price
Projected stock price: $17.
Including dividends, total future value: $22.05.
Discounted at 10% per
year over 5 years → Fair Value:
$13.
