Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
281.8M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
21.91%.
Starting with 281.8M and growing at 21.91%
for 5 years, we estimate Free Cash Flow will be
758.82M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 51.97M.
We will project this out 5 year(s) with a growth rate
of 0.12%.
Estimated Diluted Shares Outstanding: 52.28M.
Step 3: Project Future Stock Price
Using a price ratio of 97.06, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(758.82M ÷ 52.28M) × 97.06 =
$1408
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: $1408.
Including dividends, total future value: $1410.
Discounted at 10% per
year over 5 years → Fair Value:
$875.
