Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
279.04M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 279.04M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
279.04M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 59.51M.
We will project this out 5 year(s) with a growth rate
of -2.37%.
Estimated Diluted Shares Outstanding: 52.78M.
Step 3: Project Future Stock Price
Using a price ratio of 3.93, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(279.04M ÷ 52.78M) × 3.93 =
$20
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.25.
Projected over 5 years with a growth rate of
77.26%, dividends add to total shareholder return.
Expected dividends in 5 years:
$47.06297586996684.
Step 5: Discount the Projected Stock Price
Projected stock price: $20.
Including dividends, total future value: $67.06.
Discounted at 10% per
year over 5 years → Fair Value:
$41.
