Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
195.18M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
7.41%.
Starting with 195.18M and growing at 7.41%
for 5 years, we estimate Free Cash Flow will be
279.04M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 63.98M.
We will project this out 5 year(s) with a growth rate
of -2.4%.
Estimated Diluted Shares Outstanding: 56.66M.
Step 3: Project Future Stock Price
Using a price ratio of 17.22, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(279.04M ÷ 56.66M) × 17.22 =
$84
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.2.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.8660540442522178.
Step 5: Discount the Projected Stock Price
Projected stock price: $84.
Including dividends, total future value: $84.87.
Discounted at 10% per
year over 5 years → Fair Value:
$52.
