Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
98.24M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
15.89%.
Starting with 98.24M and growing at 15.89%
for 5 years, we estimate Free Cash Flow will be
205.36M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 61.15M.
We will project this out 5 year(s) with a growth rate
of 0.15%.
Estimated Diluted Shares Outstanding: 61.61M.
Step 3: Project Future Stock Price
Using a price ratio of 23.77, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(205.36M ÷ 61.61M) × 23.77 =
$79
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.69.
Projected over 5 years with a growth rate of
0.40%, dividends add to total shareholder return.
Expected dividends in 5 years:
$8.5347536689156.
Step 5: Discount the Projected Stock Price
Projected stock price: $79.
Including dividends, total future value: $87.53.
Discounted at 10% per
year over 5 years → Fair Value:
$54.
