Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
854.82M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
7.83%.
Starting with 854.82M and growing at 7.83%
for 5 years, we estimate Free Cash Flow will be
1.25B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 98.53M.
We will project this out 5 year(s) with a growth rate
of 1.64%.
Estimated Diluted Shares Outstanding: 106.88M.
Step 3: Project Future Stock Price
Using a price ratio of 7.17, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.25B ÷ 106.88M) × 7.17 =
$83
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.49.
Projected over 5 years with a growth rate of
7.76%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.980494051544463.
Step 5: Discount the Projected Stock Price
Projected stock price: $83.
Including dividends, total future value: $91.98.
Discounted at 10% per
year over 5 years → Fair Value:
$57.
