Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
165.58M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
15.19%.
Starting with 165.58M and growing at 15.19%
for 5 years, we estimate Free Cash Flow will be
335.81M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 13.08M.
We will project this out 5 year(s) with a growth rate
of -2.09%.
Estimated Diluted Shares Outstanding: 11.77M.
Step 3: Project Future Stock Price
Using a price ratio of 7.19, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(335.81M ÷ 11.77M) × 7.19 =
$205
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.7.
Projected over 5 years with a growth rate of
20.11%, dividends add to total shareholder return.
Expected dividends in 5 years:
$29.249580773055666.
Step 5: Discount the Projected Stock Price
Projected stock price: $205.
Including dividends, total future value: $234.25.
Discounted at 10% per
year over 5 years → Fair Value:
$145.
