Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
567.97M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
24.78%.
Starting with 567.97M and growing at 24.78%
for 5 years, we estimate Free Cash Flow will be
1.72B.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 160.86M.
We will project this out 5 year(s) with a growth rate
of -4.94%.
Estimated Diluted Shares Outstanding: 124.87M.
Step 3: Project Future Stock Price
Using a price ratio of 5.98, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(1.72B ÷ 124.87M) × 5.98 =
$82
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.62.
Projected over 5 years with a growth rate of
6.02%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.5878245196011203.
Step 5: Discount the Projected Stock Price
Projected stock price: $82.
Including dividends, total future value: $85.59.
Discounted at 10% per
year over 5 years → Fair Value:
$53.
