Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
118.27M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 118.27M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
118.27M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 21.67M.
We will project this out 5 year(s) with a growth rate
of 1.17%.
Estimated Diluted Shares Outstanding: 22.96M.
Step 3: Project Future Stock Price
Using a price ratio of 29.8, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(118.27M ÷ 22.96M) × 29.8 =
$153
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.
Projected over 5 years with a growth rate of
-7.37%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.129040706875189.
Step 5: Discount the Projected Stock Price
Projected stock price: $153.
Including dividends, total future value: $157.13.
Discounted at 10% per
year over 5 years → Fair Value:
$97.
