Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
410.32M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 410.32M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
410.32M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 171.08M.
We will project this out 5 year(s) with a growth rate
of 2.54%.
Estimated Diluted Shares Outstanding: 193.94M.
Step 3: Project Future Stock Price
Using a price ratio of 72.07, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(410.32M ÷ 193.94M) × 72.07 =
$152
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.1.
Projected over 5 years with a growth rate of
8.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.6124122866129856.
Step 5: Discount the Projected Stock Price
Projected stock price: $152.
Including dividends, total future value: $152.61.
Discounted at 10% per
year over 5 years → Fair Value:
$94.
