Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
174.57M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
12.03%.
Starting with 174.57M and growing at 12.03%
for 5 years, we estimate Free Cash Flow will be
308.06M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 16.07M.
We will project this out 5 year(s) with a growth rate
of -0.1%.
Estimated Diluted Shares Outstanding: 15.99M.
Step 3: Project Future Stock Price
Using a price ratio of 15.86, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(308.06M ÷ 15.99M) × 15.86 =
$305
Step 4: Project Future Dividends Paid
Forward dividend per share: $5.83.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$25.245475389952148.
Step 5: Discount the Projected Stock Price
Projected stock price: $305.
Including dividends, total future value: $330.25.
Discounted at 10% per
year over 5 years → Fair Value:
$205.
