Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
314.39M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-3.15%.
Starting with 314.39M and growing at -3.15%
for 5 years, we estimate Free Cash Flow will be
267.89M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 210.08M.
We will project this out 5 year(s) with a growth rate
of 0%.
Estimated Diluted Shares Outstanding: 210.08M.
Step 3: Project Future Stock Price
Using a price ratio of 30.7, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(267.89M ÷ 210.08M) × 30.7 =
$39
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.17.
Projected over 5 years with a growth rate of
-2.54%, dividends add to total shareholder return.
Expected dividends in 5 years:
$19.551139610174264.
Step 5: Discount the Projected Stock Price
Projected stock price: $39.
Including dividends, total future value: $58.55.
Discounted at 10% per
year over 5 years → Fair Value:
$36.
