Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
261M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-17.74%.
Starting with 261M and growing at -17.74%
for 5 years, we estimate Free Cash Flow will be
98.31M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 68.51M.
We will project this out 5 year(s) with a growth rate
of -5.34%.
Estimated Diluted Shares Outstanding: 52.07M.
Step 3: Project Future Stock Price
Using a price ratio of 35.37, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(98.31M ÷ 52.07M) × 35.37 =
$66
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.36.
Projected over 5 years with a growth rate of
-0.73%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7673296347278238.
Step 5: Discount the Projected Stock Price
Projected stock price: $66.
Including dividends, total future value: $67.77.
Discounted at 10% per
year over 5 years → Fair Value:
$42.
