Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
118.34M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
-1.26%.
Starting with 118.34M and growing at -1.26%
for 5 years, we estimate Free Cash Flow will be
111.07M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 41.62M.
We will project this out 5 year(s) with a growth rate
of -1.16%.
Estimated Diluted Shares Outstanding: 39.26M.
Step 3: Project Future Stock Price
Using a price ratio of 32.5, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(111.07M ÷ 39.26M) × 32.5 =
$91
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.42.
Projected over 5 years with a growth rate of
10.56%, dividends add to total shareholder return.
Expected dividends in 5 years:
$9.12543180208536.
Step 5: Discount the Projected Stock Price
Projected stock price: $91.
Including dividends, total future value: $100.13.
Discounted at 10% per
year over 5 years → Fair Value:
$62.
