Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
206.01M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
3.33%.
Starting with 206.01M and growing at 3.33%
for 5 years, we estimate Free Cash Flow will be
242.67M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 24.54M.
We will project this out 5 year(s) with a growth rate
of -0.88%.
Estimated Diluted Shares Outstanding: 23.48M.
Step 3: Project Future Stock Price
Using a price ratio of 6.99, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(242.67M ÷ 23.48M) × 6.99 =
$72
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.84.
Projected over 5 years with a growth rate of
-0.18%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.158655873229225.
Step 5: Discount the Projected Stock Price
Projected stock price: $72.
Including dividends, total future value: $81.16.
Discounted at 10% per
year over 5 years → Fair Value:
$50.
