Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
59.76M
as of Aug 1, 2025.
We will project this out 5 years with a yearly growth
rate of
0%.
Starting with 59.76M and growing at 0%
for 5 years, we estimate Free Cash Flow will be
59.76M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 22.27M.
We will project this out 5 year(s) with a growth rate
of -1.2%.
Estimated Diluted Shares Outstanding: 20.96M.
Step 3: Project Future Stock Price
Using a price ratio of 22.36, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(59.76M ÷ 20.96M) × 22.36 =
$63
Step 4: Project Future Dividends Paid
Forward dividend per share: $1.25.
Projected over 5 years with a growth rate of
-17.40%, dividends add to total shareholder return.
Expected dividends in 5 years:
$3.875521367070017.
Step 5: Discount the Projected Stock Price
Projected stock price: $63.
Including dividends, total future value: $66.88.
Discounted at 10% per
year over 5 years → Fair Value:
$41.
