Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
827.25M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
14.55%.
Starting with 827.25M and growing at 14.55%
for 5 years, we estimate Free Cash Flow will be
1.63B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 181.55M.
We will project this out 5 year(s) with a growth rate
of 1.76%.
Estimated Diluted Shares Outstanding: 198.1M.
Step 3: Project Future Stock Price
Using a price ratio of 19.77, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.63B ÷ 198.1M) × 19.77 =
$162
Step 4: Project Future Dividends Paid
Forward dividend per share: $3.49.
Projected over 5 years with a growth rate of
-2.33%, dividends add to total shareholder return.
Expected dividends in 5 years:
$16.451231001453955.
Step 5: Discount the Projected Stock Price
Projected stock price: $162.
Including dividends, total future value: $178.45.
Discounted at 10% per
year over 5 years → Fair Value:
$110.
