Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
121.43M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
8.93%.
Starting with 121.43M and growing at 8.93%
for 5 years, we estimate Free Cash Flow will be
186.23M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.82M.
We will project this out 5 year(s) with a growth rate
of -0.17%.
Estimated Diluted Shares Outstanding: 25.61M.
Step 3: Project Future Stock Price
Using a price ratio of 39.01, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(186.23M ÷ 25.61M) × 39.01 =
$283
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.4.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$2.
Step 5: Discount the Projected Stock Price
Projected stock price: $283.
Including dividends, total future value: $285.
Discounted at 10% per
year over 5 years → Fair Value:
$176.
