Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
277.86M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 277.86M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
277.86M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 106.36M.
We will project this out 5 year(s) with a growth rate
of 4.76%.
Estimated Diluted Shares Outstanding: 134.2M.
Step 3: Project Future Stock Price
Using a price ratio of 12.92, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(277.86M ÷ 134.2M) × 12.92 =
$26
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.63.
Projected over 5 years with a growth rate of
-4.99%, dividends add to total shareholder return.
Expected dividends in 5 years:
$7.171019508221102.
Step 5: Discount the Projected Stock Price
Projected stock price: $26.
Including dividends, total future value: $33.17.
Discounted at 10% per
year over 5 years → Fair Value:
$20.
