Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
256.55M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
10.82%.
Starting with 256.55M and growing at 10.82%
for 5 years, we estimate Free Cash Flow will be
428.81M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 157.51M.
We will project this out 5 year(s) with a growth rate
of 0.27%.
Estimated Diluted Shares Outstanding: 159.65M.
Step 3: Project Future Stock Price
Using a price ratio of 51.97, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(428.81M ÷ 159.65M) × 51.97 =
$139
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.4.
Projected over 5 years with a growth rate of
-5.59%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.7321080885044355.
Step 5: Discount the Projected Stock Price
Projected stock price: $139.
Including dividends, total future value: $140.73.
Discounted at 10% per
year over 5 years → Fair Value:
$87.
