Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
328.75M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-11.97%.
Starting with 328.75M and growing at -11.97%
for 5 years, we estimate Free Cash Flow will be
173.79M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 180.55M.
We will project this out 5 year(s) with a growth rate
of -1.6%.
Estimated Diluted Shares Outstanding: 166.56M.
Step 3: Project Future Stock Price
Using a price ratio of 50.92, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(173.79M ÷ 166.56M) × 50.92 =
$53
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.46.
Projected over 5 years with a growth rate of
33.03%, dividends add to total shareholder return.
Expected dividends in 5 years:
$4.694634799751726.
Step 5: Discount the Projected Stock Price
Projected stock price: $53.
Including dividends, total future value: $57.69.
Discounted at 10% per
year over 5 years → Fair Value:
$35.
