Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
128.51M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
27.71%.
Starting with 128.51M and growing at 27.71%
for 5 years, we estimate Free Cash Flow will be
436.59M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 15.02M.
We will project this out 5 year(s) with a growth rate
of 13.35%.
Estimated Diluted Shares Outstanding: 28.11M.
Step 3: Project Future Stock Price
Using a price ratio of 16.03, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(436.59M ÷ 28.11M) × 16.03 =
$248
Step 4: Project Future Dividends Paid
Forward dividend per share: $2.73.
Projected over 5 years with a growth rate of
-3.77%, dividends add to total shareholder return.
Expected dividends in 5 years:
$12.399633988036395.
Step 5: Discount the Projected Stock Price
Projected stock price: $248.
Including dividends, total future value: $260.4.
Discounted at 10% per
year over 5 years → Fair Value:
$161.
