Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
297.16M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
9.19%.
Starting with 297.16M and growing at 9.19%
for 5 years, we estimate Free Cash Flow will be
461.22M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 24.24M.
We will project this out 5 year(s) with a growth rate
of 0.33%.
Estimated Diluted Shares Outstanding: 24.65M.
Step 3: Project Future Stock Price
Using a price ratio of 7.2, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(461.22M ÷ 24.65M) × 7.2 =
$134
Step 4: Project Future Dividends Paid
Forward dividend per share: $5.65.
Projected over 5 years with a growth rate of
4.26%, dividends add to total shareholder return.
Expected dividends in 5 years:
$31.355429471659356.
Step 5: Discount the Projected Stock Price
Projected stock price: $134.
Including dividends, total future value: $165.36.
Discounted at 10% per
year over 5 years → Fair Value:
$102.
