Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
414.39M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-6.96%.
Starting with 414.39M and growing at -6.96%
for 5 years, we estimate Free Cash Flow will be
288.91M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 118.57M.
We will project this out 5 year(s) with a growth rate
of -1.73%.
Estimated Diluted Shares Outstanding: 108.67M.
Step 3: Project Future Stock Price
Using a price ratio of 15.71, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(288.91M ÷ 108.67M) × 15.71 =
$41
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.05.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.21651351106305444.
Step 5: Discount the Projected Stock Price
Projected stock price: $41.
Including dividends, total future value: $41.22.
Discounted at 10% per
year over 5 years → Fair Value:
$25.
