Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
171.79M
as of Jul 4, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 171.79M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
171.79M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 74.47M.
We will project this out 5 year(s) with a growth rate
of 2.29%.
Estimated Diluted Shares Outstanding: 83.4M.
Step 3: Project Future Stock Price
Using a price ratio of 38.59, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(171.79M ÷ 83.4M) × 38.59 =
$79
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $79.
Including dividends, total future value: $79.
Discounted at 10% per
year over 5 years → Fair Value:
$49.
