Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
640.59M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 640.59M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
640.59M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 46.35M.
We will project this out 5 year(s) with a growth rate
of 0.39%.
Estimated Diluted Shares Outstanding: 47.26M.
Step 3: Project Future Stock Price
Using a price ratio of 5.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(640.59M ÷ 47.26M) × 5.21 =
$70
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.94.
Projected over 5 years with a growth rate of
3.10%, dividends add to total shareholder return.
Expected dividends in 5 years:
$15.865873889472258.
Step 5: Discount the Projected Stock Price
Projected stock price: $70.
Including dividends, total future value: $85.87.
Discounted at 10% per
year over 5 years → Fair Value:
$53.
