Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
216.36M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
8.63%.
Starting with 216.36M and growing at 8.63%
for 5 years, we estimate Free Cash Flow will be
327.29M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 55.01M.
We will project this out 5 year(s) with a growth rate
of -5.83%.
Estimated Diluted Shares Outstanding: 40.74M.
Step 3: Project Future Stock Price
Using a price ratio of 9.21, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(327.29M ÷ 40.74M) × 9.21 =
$73
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.
Projected over 5 years with a growth rate of
n/a, dividends add to total shareholder return.
Expected dividends in 5 years:
$0.
Step 5: Discount the Projected Stock Price
Projected stock price: $73.
Including dividends, total future value: $73.
Discounted at 10% per
year over 5 years → Fair Value:
$45.
