Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
322.4M
as of Sep 30, 2024.
We will project this out 5 years with a yearly growth
rate of
43.84%.
Starting with 322.4M and growing at 43.84%
for 5 years, we estimate Free Cash Flow will be
1.99B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 323.32M.
We will project this out 5 year(s) with a growth rate
of 13.37%.
Estimated Diluted Shares Outstanding: 605.52M.
Step 3: Project Future Stock Price
Using a price ratio of 82.53, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.99B ÷ 605.52M) × 82.53 =
$270
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.38.
Projected over 5 years with a growth rate of
-41.17%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.5043717131758712.
Step 5: Discount the Projected Stock Price
Projected stock price: $270.
Including dividends, total future value: $270.5.
Discounted at 10% per
year over 5 years → Fair Value:
$167.
