Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
119.59M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
18.39%.
Starting with 119.59M and growing at 18.39%
for 5 years, we estimate Free Cash Flow will be
278.15M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 18.43M.
We will project this out 5 year(s) with a growth rate
of -0.31%.
Estimated Diluted Shares Outstanding: 18.14M.
Step 3: Project Future Stock Price
Using a price ratio of 18.66, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(278.15M ÷ 18.14M) × 18.66 =
$286
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.7.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.031189154882762.
Step 5: Discount the Projected Stock Price
Projected stock price: $286.
Including dividends, total future value: $289.03.
Discounted at 10% per
year over 5 years → Fair Value:
$179.
