Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
283.57M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
1.46%.
Starting with 283.57M and growing at 1.46%
for 5 years, we estimate Free Cash Flow will be
304.89M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 41.72M.
We will project this out 5 year(s) with a growth rate
of -3.43%.
Estimated Diluted Shares Outstanding: 35.04M.
Step 3: Project Future Stock Price
Using a price ratio of 7.89, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(304.89M ÷ 35.04M) × 7.89 =
$68
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.82.
Projected over 5 years with a growth rate of
-4.75%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.057565659724267.
Step 5: Discount the Projected Stock Price
Projected stock price: $68.
Including dividends, total future value: $76.06.
Discounted at 10% per
year over 5 years → Fair Value:
$47.
