Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
151.37M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
3.86%.
Starting with 151.37M and growing at 3.86%
for 5 years, we estimate Free Cash Flow will be
182.92M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 14.89M.
We will project this out 5 year(s) with a growth rate
of -0.82%.
Estimated Diluted Shares Outstanding: 14.29M.
Step 3: Project Future Stock Price
Using a price ratio of 16.88, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(182.92M ÷ 14.29M) × 16.88 =
$216
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.52.
Projected over 5 years with a growth rate of
-5.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$19.64546315713393.
Step 5: Discount the Projected Stock Price
Projected stock price: $216.
Including dividends, total future value: $235.65.
Discounted at 10% per
year over 5 years → Fair Value:
$146.
