Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
85.99M
as of Jun 30, 2025.
We will project this out 5 years with a yearly growth
rate of
15.06%.
Starting with 85.99M and growing at 15.06%
for 5 years, we estimate Free Cash Flow will be
173.4M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 64.33M.
We will project this out 5 year(s) with a growth rate
of 0.26%.
Estimated Diluted Shares Outstanding: 65.17M.
Step 3: Project Future Stock Price
Using a price ratio of 22.68, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(173.4M ÷ 65.17M) × 22.68 =
$60
Step 4: Project Future Dividends Paid
Forward dividend per share: $4.85.
Projected over 5 years with a growth rate of
0.69%, dividends add to total shareholder return.
Expected dividends in 5 years:
$24.670479754527012.
Step 5: Discount the Projected Stock Price
Projected stock price: $60.
Including dividends, total future value: $84.67.
Discounted at 10% per
year over 5 years → Fair Value:
$52.
